florida real estate state Exam || Most Recent Exam 2026|2027 Actual
Complete Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success! Newest Exam |
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Real estate buisness -ANSWER-Development, construction, sale,
purchase appraisal, insurance, property management, investment,
counseling, financing.
Real estate License -ANSWER-One who has met requirements of law +
permitted to perform services for others related to R/E transactions.
Real estate professional's 3 areas of expertise -ANSWER-Valuation,
Marketing; and property Transfer.
Specialization -ANSWER-Residential sales- Licensees may concentrate
on one type or style or on one particular neighboorhood or area ; this is
FARMING. -Commercial sales; Industrial sales; Agricultural sales and
Business Brokerage-The value of a business is called Growing concern
value.
Authorized brokerage relationships -ANSWER--A real estate Broker can
be employed by a member of the public in one of (3) different
relationships:(1) Transaction Broker, (2) Single Agent ; and (3)No
Brokerage Relationship .
,-Written Disclosure specify the nature of the relationship and the
Broker's duties inherent in that relationship in required in Single Agency
Relationship and in NO BROKERAGE RELATIONSHIP
-SINGLE AGENCY RELATIONSHIP(SAR) is created when a broker accepts
employment under a Single Agency Agreement that defines certain
services to be performed on behalf of a principal Broker may represent
only one side of a transaction(buyer or seller;landlord or tenant..)
-Attempt to represent both parties would be an illegal dual agency
-ONLY agency that creates a fiduciary duty (allowing principle to place
trust and confidence in Broker)/fiduciary duties include:
--Confidentiality with any harmful information received from
principal(excludes material defects in a property)
--Obedience -must obey all legal instructions of the principal
--Loyalty-Required to act in the best interest of the principle
--Interest of none other above /most favored price & terms
--Disclosure-Must report any fact or rumor that may affect principals
decision
-Accountability-Required to account for all money and property the
agent comes to possess for principal
--Skill, care, diligence -licensed pros are held to a higher standard of
conduct than public
, --Single agent notice for must be completed before or at the time of
entering into a listing agreement , agreement for representation or
before showing property, whichever occurs first.
-NO BROKERAGE RELATIONSHIP(NBR) exist when a real estate licensee
has no brokerage relationship with a customer (for sale by owner)/STILL
must deal fairly and honestly ,still MUST Disclose all material facts
affecting value ,Still must account for a
Transaction Broker Relationship(TBR) -ANSWER-TBR provides limited
representation to buyer , seller or both in a real estate transaction,
allowing the real estate licensee to FACILITATE a transaction working
WITH both parties
-Verbal disclosure is required in a TBR
-Transition to Transaction Broker occurs when transitioning from one
role to another , e.g a broker that is a single agent to seller
subsequently employed by the buyer as a single agent to seller is
subsequently employed by the buyer as a single agent -Would
otherwise be illegal dual agency
--TTB may occur anytime/ licensee must give WRITTEN NOTICE and
principle gives WRITTEN CONSENT before change in relationships occur
Complete Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success! Newest Exam |
Just Released!!
Real estate buisness -ANSWER-Development, construction, sale,
purchase appraisal, insurance, property management, investment,
counseling, financing.
Real estate License -ANSWER-One who has met requirements of law +
permitted to perform services for others related to R/E transactions.
Real estate professional's 3 areas of expertise -ANSWER-Valuation,
Marketing; and property Transfer.
Specialization -ANSWER-Residential sales- Licensees may concentrate
on one type or style or on one particular neighboorhood or area ; this is
FARMING. -Commercial sales; Industrial sales; Agricultural sales and
Business Brokerage-The value of a business is called Growing concern
value.
Authorized brokerage relationships -ANSWER--A real estate Broker can
be employed by a member of the public in one of (3) different
relationships:(1) Transaction Broker, (2) Single Agent ; and (3)No
Brokerage Relationship .
,-Written Disclosure specify the nature of the relationship and the
Broker's duties inherent in that relationship in required in Single Agency
Relationship and in NO BROKERAGE RELATIONSHIP
-SINGLE AGENCY RELATIONSHIP(SAR) is created when a broker accepts
employment under a Single Agency Agreement that defines certain
services to be performed on behalf of a principal Broker may represent
only one side of a transaction(buyer or seller;landlord or tenant..)
-Attempt to represent both parties would be an illegal dual agency
-ONLY agency that creates a fiduciary duty (allowing principle to place
trust and confidence in Broker)/fiduciary duties include:
--Confidentiality with any harmful information received from
principal(excludes material defects in a property)
--Obedience -must obey all legal instructions of the principal
--Loyalty-Required to act in the best interest of the principle
--Interest of none other above /most favored price & terms
--Disclosure-Must report any fact or rumor that may affect principals
decision
-Accountability-Required to account for all money and property the
agent comes to possess for principal
--Skill, care, diligence -licensed pros are held to a higher standard of
conduct than public
, --Single agent notice for must be completed before or at the time of
entering into a listing agreement , agreement for representation or
before showing property, whichever occurs first.
-NO BROKERAGE RELATIONSHIP(NBR) exist when a real estate licensee
has no brokerage relationship with a customer (for sale by owner)/STILL
must deal fairly and honestly ,still MUST Disclose all material facts
affecting value ,Still must account for a
Transaction Broker Relationship(TBR) -ANSWER-TBR provides limited
representation to buyer , seller or both in a real estate transaction,
allowing the real estate licensee to FACILITATE a transaction working
WITH both parties
-Verbal disclosure is required in a TBR
-Transition to Transaction Broker occurs when transitioning from one
role to another , e.g a broker that is a single agent to seller
subsequently employed by the buyer as a single agent to seller is
subsequently employed by the buyer as a single agent -Would
otherwise be illegal dual agency
--TTB may occur anytime/ licensee must give WRITTEN NOTICE and
principle gives WRITTEN CONSENT before change in relationships occur
