FL Sales Associate Post Licensing Practice
Exam Questions and Correct Answers 2024. With
Complete verified Solution.
curb appeal
A woman is searching for a new apartment. When she drives up to a particular
apartment complex, she gets a wonderful impression and decides to rent if the price is
right. The woman's first impression is called
Involuntary inactive
A sales associate who has been licensed for eight years did not renew his license this
year. What is his status?
Have the seller sign the consent to transition to transaction broker notice and
give the buyer a transaction broker notice.
If a single agent residential seller's broker wishes to provide limited representation to a
buyer, what must the broker do?
35
A potential seller has a home worth $240,000 with a mortgage balance of approximately
$199,000. The sales associate assures him that a 6% commission should be
acceptable. The commission as a percentage of the seller's equity is
recession
The point where the business cycle, at its highest point, levels off and begins to fall is
called
the occupancy rate for that type of property
The relationship between supply and demand for a particular type of multifamily
property at its current rental level is reflected by
a listing contract
An agreement between a seller of real property and a real estate broker that authorizes
the broker to sell the property on specified terms in return for a sales commission if the
broker is successful is
to move into the area in 60 days from out of town.
Sales associates should spend MOST of their time working with buyers who have
Depreciation
Which is NOT a type of operating expense?
at closing
The Florida Realtors® contract requires that the seller warrant appliances, heating and
cooling systems, and plumbing systems to be in working order
the principal
A person who authorizes another person (the agent) to represent her in a real estate
transaction is
referrals from satisfied tenants
The BEST and least expensive method of renting or leasing residential properties is the
use of
a designated sales associate
, A commercial broker allows one sales associate to act as a single agent for the buyer
and another sales associate to act as a single agent for the seller. Both the buyer and
the seller have assets of more than $1 million, and each agrees to this form of
representation. The situation describes
Disclosure of such information violates Chapter 475
A broker was a transaction broker in the sale and purchase of an office building. The
broker felt an obligation to tell the buyer about the seller's need to sell quickly. As a
balance, the broker helped the seller get a better price from the buyer because of some
comments the buyer made during the property inspection. What is correct?
To determine that no encroachments exist
What is NOT a good reason to make a preclosing walk-through inspection?
an option contract
An agreement to hold open for a set time period an offer to sell or lease real property is
the seller's religious preference
At the time a listing agreement is negotiated, the listing broker should NOT discuss with
the seller
$19,200
After completing a review of the CMA, a sales associate and a seller agree on a list
price of $240,000. Seller's expenses, including brokerage fee, are estimated at $17,600,
and prorations for taxes and interest paid in arrears are estimated at $6,700. The
mortgage payoff is expected to be $196,500. What is the estimated net proceeds to the
seller?
This activity is allowed
A licensed sales associate employs a salaried, unlicensed personal assistant. The
assistant hands out brochures at an open house but does not do any selling, nor does
she write contracts. Which is correct?
Office and administrative
Writing ads for a new listing would be considered what type of activity in the daily
activity log?
the market value
The MOST probable price a property should bring in an arm's-length transaction in a
competitive and open market is called
an owner who lists his personal house (his only real property) with a broker
The Fair Housing Act applies to
market analysis
The optimum rental price for standard space in a local area is determined by
who are directed by the sales associate in how to do their jobs cannot be
classified as independent contractors, and must pay withholding taxes
Unlicensed personal assistants
contribution
The principle of value that says improvement to a property is worth only what it adds to
the property's market value, regardless of actual cost, is called the principle of
excluded from consideration
When calculating a property's net operating income, such items as depreciation, income
taxes, and property financing costs are
Debit Susan; credit Henry $535.12
Exam Questions and Correct Answers 2024. With
Complete verified Solution.
curb appeal
A woman is searching for a new apartment. When she drives up to a particular
apartment complex, she gets a wonderful impression and decides to rent if the price is
right. The woman's first impression is called
Involuntary inactive
A sales associate who has been licensed for eight years did not renew his license this
year. What is his status?
Have the seller sign the consent to transition to transaction broker notice and
give the buyer a transaction broker notice.
If a single agent residential seller's broker wishes to provide limited representation to a
buyer, what must the broker do?
35
A potential seller has a home worth $240,000 with a mortgage balance of approximately
$199,000. The sales associate assures him that a 6% commission should be
acceptable. The commission as a percentage of the seller's equity is
recession
The point where the business cycle, at its highest point, levels off and begins to fall is
called
the occupancy rate for that type of property
The relationship between supply and demand for a particular type of multifamily
property at its current rental level is reflected by
a listing contract
An agreement between a seller of real property and a real estate broker that authorizes
the broker to sell the property on specified terms in return for a sales commission if the
broker is successful is
to move into the area in 60 days from out of town.
Sales associates should spend MOST of their time working with buyers who have
Depreciation
Which is NOT a type of operating expense?
at closing
The Florida Realtors® contract requires that the seller warrant appliances, heating and
cooling systems, and plumbing systems to be in working order
the principal
A person who authorizes another person (the agent) to represent her in a real estate
transaction is
referrals from satisfied tenants
The BEST and least expensive method of renting or leasing residential properties is the
use of
a designated sales associate
, A commercial broker allows one sales associate to act as a single agent for the buyer
and another sales associate to act as a single agent for the seller. Both the buyer and
the seller have assets of more than $1 million, and each agrees to this form of
representation. The situation describes
Disclosure of such information violates Chapter 475
A broker was a transaction broker in the sale and purchase of an office building. The
broker felt an obligation to tell the buyer about the seller's need to sell quickly. As a
balance, the broker helped the seller get a better price from the buyer because of some
comments the buyer made during the property inspection. What is correct?
To determine that no encroachments exist
What is NOT a good reason to make a preclosing walk-through inspection?
an option contract
An agreement to hold open for a set time period an offer to sell or lease real property is
the seller's religious preference
At the time a listing agreement is negotiated, the listing broker should NOT discuss with
the seller
$19,200
After completing a review of the CMA, a sales associate and a seller agree on a list
price of $240,000. Seller's expenses, including brokerage fee, are estimated at $17,600,
and prorations for taxes and interest paid in arrears are estimated at $6,700. The
mortgage payoff is expected to be $196,500. What is the estimated net proceeds to the
seller?
This activity is allowed
A licensed sales associate employs a salaried, unlicensed personal assistant. The
assistant hands out brochures at an open house but does not do any selling, nor does
she write contracts. Which is correct?
Office and administrative
Writing ads for a new listing would be considered what type of activity in the daily
activity log?
the market value
The MOST probable price a property should bring in an arm's-length transaction in a
competitive and open market is called
an owner who lists his personal house (his only real property) with a broker
The Fair Housing Act applies to
market analysis
The optimum rental price for standard space in a local area is determined by
who are directed by the sales associate in how to do their jobs cannot be
classified as independent contractors, and must pay withholding taxes
Unlicensed personal assistants
contribution
The principle of value that says improvement to a property is worth only what it adds to
the property's market value, regardless of actual cost, is called the principle of
excluded from consideration
When calculating a property's net operating income, such items as depreciation, income
taxes, and property financing costs are
Debit Susan; credit Henry $535.12
