Florida Real Estate State Exam: Gold Coast Q&A CRAM EXAM 1&2 100% SOLUTION 2023//2024

Florida Real Estate State Exam: Gold Coast Q&A CRAM EXAM 1&2 100% SOLUTION 2023//2024 Property management - ANSWER Abesntee ownership has increased the demand for which area of brokerage A fee based upon time and difficulty of appraisal - ANSWER What is a real estate appraiser is paid A subdivision plat map - ANSWER What does the local planning agency have the authority to approve Dedication - ANSWER What is it called when a developer gives land to a governmental body? Property management - ANSWER What business is a license engaged in who markets, leases and maintains property for someone else? Residential sales - ANSWER In which service of real estate must a licensee disclosure the agency relationship and the responsibilities of that relationship to the public QUASI legislative - ANSWER Which power authorizes the frec to pass or revise rules Not being a resident of Florida - ANSWER Would be grounds for suspension or revocation of a real estate license except Transfer her license from the broker to owner developer - ANSWER Sandy works as a sales associate for a broker and has been asked to work weekends for a developer to sell new homes on commission. What must sandy do to work for the developers A post licensing course - ANSWER What does the license law require that a licensee complete before the first renewal of a Florida real estate license qualify just as anyone else - ANSWER In a brokerage corp, the officers and directors can be active or inactive brokers or non licensed registeres persons. if someone who is non licensed and registered wants to become a broker, what must they do? a person who rents mobile home lots - ANSWER who would be exempt from the real estate licensing law? FREC and the license law - ANSWER Which entity provides the best protection for the public during a real estate transaction it may be held by a sales associate or broker associate - ANSWER Which of the following is a characteristic of the group license business brokers - ANSWER All of the following are exempt from FS 475 EXCEPT holds multiple licenses - ANSWER Complete the sentence. A broker who holds more than one broker license for identification purposes - ANSWER General partners in a brokerage partership that are not qualified to perform the services of real estate must be registered: late fee and 14 hours of continuing education - ANSWER Bill's license expired on Sept. 30, 2013. On Feburary 14, 2012 he wants to renew it. If it is not his first renewal, what must bill do? Ron and his wife are exempt from renewal - ANSWER Ron and his wife each have real estate licenses before he enters the military. Ron is stationed in Washington, DC. And his wife accompanies him there, if they makw their licenses inactive> involuntary inactive - ANSWER what is the status of a sales associates license if the sales associate works for a broker loses his license? Impose imprisonment as a penalty - ANSWER The Florida Real Estate Commission my do all of the following except His license is null and void - ANSWER Karls license expired on sept 30 2010. on Feb 10 2014 he wants to activate it again. Which is correct? Both the seller and investor must agree to transition to transaction broker - ANSWER A real estate broker has entered into a single agency relationship with the sellers of a three bedroom, two-bath house. One of the agents in that brokers office has found an investor wanting to hire the brokerage firm as a single-agent. For the investor to be shown this seller's house: Single agency notice - ANSWER What must be given to a seller who is about to enter into a fiduciary relationship with a brokerage firm? Find a new employer - ANSWER What should sales associate do if his employing broker instructs him or her not to show properties to people of a certain race? Transition to transaction broker - ANSWER Which form requires the signature of all parties? Residential sales - ANSWER The agency disclosure forms developed by the state must be used in which instance? disclose known facts affecting the value of residential property - ANSWER A broker owes which duty to a customer? name of the brokerage firm - ANSWER What must all advertising of listed property must contain Deliver it to his broker immediately - ANSWER Sales associate Glenn works for broker John. If Glenn receives an escrow deposit on Tuesdy what should he do? Mutual fund - ANSWER A broker may hold escrow deposits in any of the following, except a: The employing broke