FLORIDA REAL ESTATE EXAM
QUESTIONS AND CORRECT ANSWERS
VERIFIED LATEST 2023-2024 GRADE A +
Owners that buy income properties as investments and depend on
professionals to manage them - CORRECT ANSWER >>Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - CORRECT ANSWER >>CMA -
Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the
owner's specifications - CORRECT ANSWER >>Custom Building
When a contractor builds on his own land with the hope of locating a
purchaser after construction has been completed - CORRECT ANSWER
>>Speculative building
A developer that acquires a large that aquires a large tract of land and
builds a model center from which sales may be made - CORRECT
ANSWER >>tract building
Property management has grown as a service of real estate primarily bc of
an increase of _______ _________ - CORRECT ANSWER >>Absentee
Ownership
,The category of construction that applies when a property owner employs a
contractor to build on his or her lot is called________ ___________ -
CORRECT ANSWER >>Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - CORRECT ANSWER >>C. the time
and difficulty of the appraisal
A developer contracts to build a home on a buyer's lot to the buyer's
specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision - CORRECT ANSWER >>b. custom
A Florida Real Estate lisence is required when anyone performs a service
is specified under
F.S. 475 when all the following conditions are simultaneously present,
unless that individual is otherwise exempt under the law: - CORRECT
ANSWER >>1. Preforming a service of real estate
2. In the state of Florida
3. For another
4. For compensation
, _________ has been defined to include anything or any service of Value
paid, recieved or expected to be paid or recieved. - CORRECT ANSWER
>>Compensation
The postlicense educational course for sales associate consists of
________ hours - CORRECT ANSWER >>45
The continuing education requirement consists of ______ hours -
CORRECT ANSWER >>14
Florida Real estate sales associates that desire to become brokers must
wait _______ ________ before taking the state exam. - CORRECT
ANSWER >>one year
A tenant in an apartment complex may recieve up to ______ for refferal of
a new tenant for the same complex. - CORRECT ANSWER >>$50
________ ________ education must be completed during the initial sales
associates's license period. - CORRECT ANSWER >>Post Licensing
Owner-employers of licensed real estate sales associates are allowed to
pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
QUESTIONS AND CORRECT ANSWERS
VERIFIED LATEST 2023-2024 GRADE A +
Owners that buy income properties as investments and depend on
professionals to manage them - CORRECT ANSWER >>Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - CORRECT ANSWER >>CMA -
Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the
owner's specifications - CORRECT ANSWER >>Custom Building
When a contractor builds on his own land with the hope of locating a
purchaser after construction has been completed - CORRECT ANSWER
>>Speculative building
A developer that acquires a large that aquires a large tract of land and
builds a model center from which sales may be made - CORRECT
ANSWER >>tract building
Property management has grown as a service of real estate primarily bc of
an increase of _______ _________ - CORRECT ANSWER >>Absentee
Ownership
,The category of construction that applies when a property owner employs a
contractor to build on his or her lot is called________ ___________ -
CORRECT ANSWER >>Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - CORRECT ANSWER >>C. the time
and difficulty of the appraisal
A developer contracts to build a home on a buyer's lot to the buyer's
specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision - CORRECT ANSWER >>b. custom
A Florida Real Estate lisence is required when anyone performs a service
is specified under
F.S. 475 when all the following conditions are simultaneously present,
unless that individual is otherwise exempt under the law: - CORRECT
ANSWER >>1. Preforming a service of real estate
2. In the state of Florida
3. For another
4. For compensation
, _________ has been defined to include anything or any service of Value
paid, recieved or expected to be paid or recieved. - CORRECT ANSWER
>>Compensation
The postlicense educational course for sales associate consists of
________ hours - CORRECT ANSWER >>45
The continuing education requirement consists of ______ hours -
CORRECT ANSWER >>14
Florida Real estate sales associates that desire to become brokers must
wait _______ ________ before taking the state exam. - CORRECT
ANSWER >>one year
A tenant in an apartment complex may recieve up to ______ for refferal of
a new tenant for the same complex. - CORRECT ANSWER >>$50
________ ________ education must be completed during the initial sales
associates's license period. - CORRECT ANSWER >>Post Licensing
Owner-employers of licensed real estate sales associates are allowed to
pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
