Florida Real Estate Exam
Owners that buy income properties as investments and depend on professionals to
manage them correct answers Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal correct answers CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's
specifications correct answers Custom Building
When a contractor builds on his own land with the hope of locating a purchaser after
construction has been completed correct answers 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 answers tract building
Property management has grown as a service of real estate primarily bc of an increase
of _______ _________ correct answers 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 answers 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 answers 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 answers 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 answers 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 answers Compensation
The postlicense educational course for sales associate consists of ________ hours
correct answers 45
The continuing education requirement consists of ______ hours correct answers 14
Florida Real estate sales associates that desire to become brokers must wait _______
________ before taking the state exam. correct answers one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant
for the same complex. correct answers $50
________ ________ education must be completed during the initial sales associates's
license period. correct answers 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
d. a commission or salary correct answers d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been employed for a
minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker correct answers c. 12 months
under 1 or more actively licensed brokers
How many hours of postlicense education are required to renew a brokers license?
correct answers 60 hours
How long can an voluntary inactive licencee remain in that lisence status? correct
answers indefinately
The agreement the state of Florida has w/ some other states that recognises the
similarity in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
Owners that buy income properties as investments and depend on professionals to
manage them correct answers Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal correct answers CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's
specifications correct answers Custom Building
When a contractor builds on his own land with the hope of locating a purchaser after
construction has been completed correct answers 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 answers tract building
Property management has grown as a service of real estate primarily bc of an increase
of _______ _________ correct answers 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 answers 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 answers 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 answers 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 answers 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 answers Compensation
The postlicense educational course for sales associate consists of ________ hours
correct answers 45
The continuing education requirement consists of ______ hours correct answers 14
Florida Real estate sales associates that desire to become brokers must wait _______
________ before taking the state exam. correct answers one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant
for the same complex. correct answers $50
________ ________ education must be completed during the initial sales associates's
license period. correct answers 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
d. a commission or salary correct answers d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been employed for a
minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker correct answers c. 12 months
under 1 or more actively licensed brokers
How many hours of postlicense education are required to renew a brokers license?
correct answers 60 hours
How long can an voluntary inactive licencee remain in that lisence status? correct
answers indefinately
The agreement the state of Florida has w/ some other states that recognises the
similarity in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
