Florida Real Estate 45 Hour Post License 100 Practice Questions With Correct Detailed Answers Guaranteed Pass / Newest Update
Florida Real Estate 45 Hour Post License 100
Practice Questions With Correct Detailed Answers
Guaranteed Pass / Newest Update
Condominium ownership is all of the following except which one? - ✔✔✔ - 1) Fee simple ownership
2) Ownership is transferred by deed.
3) Common elements are legally attached and transferred as well.
4) [CORRECT ANSWER] Each owner pays an equal share of the property tax for the whole building.
Spending 85% of your time prospecting for sellers, according to the National Association of Realtors® will
produce what percentage of buyers? - ✔✔✔ - 1) 25%
2) 40%
3) [CORRECT ANSWER] 50%
4) 80%
You are working with a seller and are in contract with a buyer. The appraisal comes back $5,000 below
the agreed upon sale price. The buyer wants your seller to reduce the sale price by $6,000. You and your
client decide to dispute the appraisal. When reviewing the Comparable properties, you realize they were
not best choices. Which of the following is not used to appraise properties? - ✔✔✔ - 1) Property located
within the same neighborhood will hold the most weight - even "better" than matched properties located
outside of the immediate area.
2) Property located within the same school district.
3) Similar properties based on square footage, lot size, condition, age, amenities and improvements.
4) [CORRECT ANSWER] Number of children living in the neighborhood.
Qualifying as a broker includes all of the following steps except which one? - ✔✔✔ - 1) Take a 72-hour
Broker Pre-Licensing Course.
2) Have completed 2 years as an active licensee out of the past 5 years- either within or outside of Florida.
3) Submit application to the DBPR.
4) [CORRECT ANSWER] Pass a mutual recognition exam.
,Florida Real Estate 45 Hour Post License 100 Practice Questions With Correct Detailed Answers Guaranteed Pass / Newest Update
There are programs offered county by county to help buyers cover down payment and closing costs. The
terms of repayment, if required, vary from program to program. What is this program referred to as? -
✔✔✔ - 1) Federal Aid Programs
2) USD Aid Programs
3) FHA Programs
4) [CORRECT ANSWER] Home Buyer Assistance Programs
Agent Rapunzel was out shopping so she didn't have her real estate license on her. She received a request
from a buyer to immediately see a home. What should she do? - ✔✔✔ - 1) Tell the buyer that she can
only show homes with a 24-hour notice.
2) [CORRECT ANSWER] Set the appointment out long enough to pick up her wallet license.
3) Tell the buyer that the house is no longer available so that she doesn't look incompetent.
4) Her duty to the seller requires that she immediately show the home.
A loan officer has done a brief interview with a buyer without verifying documentation such as income.
What is this called? - ✔✔✔ - 1) Preapproving the buyer.
2) [CORRECT ANSWER] Prequalifying the buyer.
3) Final approval for the buyer.
4) Clear to close.
Agent Ronald had a customer get mad and leave negative feedback on Google. What is the best response?
- ✔✔✔ - 1) Reply online about how wrong that person was.
2) [CORRECT ANSWER] Reach out to the person and try to resolve the issue.
3) Get mad and do nothing.
4) Understand that this will sometimes happen.
Concept that 20% of pointed action produces 80% of results is called what? - ✔✔✔ - 1) Pharo's Folly
2) Einstein's Principle
3) [CORRECT ANSWER] Pareto's Principle
4) Newton's Law
, Florida Real Estate 45 Hour Post License 100 Practice Questions With Correct Detailed Answers Guaranteed Pass / Newest Update
During the inspection period, how can a buyer walk away from the deal? - ✔✔✔ - 1) only if there was an
inspection done that shows any repairs are needed.
2) The buyer must have an inspection done to be able to walk away from the contract.
3) or sue the seller for "specific performance" to make them do the repairs found during an inspection
4) [CORRECT ANSWER] without penalty for any reason
When would an agency disclosure not have to be provided? - ✔✔✔ - 1) To work with a buyer as a single
agent.
2) To work with a seller as a single agent.
3) [CORRECT ANSWER] With buyers entering an open house.
4) To work with a buyer or seller in a no agency capacity.
Which of the following is NOT a triggering term? - ✔✔✔ - 1) [CORRECT ANSWER] No down payment.
2) 25% down
3) 90% financing
4) Monthly payments less than $850.
Which statement is true about becoming involved in a community group? - ✔✔✔ - 1) [CORRECT ANSWER]
Your primary focus should be on the purpose of the group with prospecting a secondary focus.
2) This is a waste of time.
3) Since it is a group activity, relationships do not matter.
4) Going to the group once is enough; this is a prospecting success.
When you begin acting on behalf of a buyer; you are automatically obligated, under Florida statute, to
uphold duties to the buyer in the capacity of a what? - ✔✔✔ - 1) [CORRECT ANSWER] Transaction broker
2) Listing agent
3) Single agent
4) Buyer's agent
Licensee Betty Sue was arrested for possession of cocaine when she was visiting a friend in Phoenix,
Arizona. Which of the following is true? - ✔✔✔ - 1) Betty Sue would have to report the violation to Arizona
Board of Ethics.
Florida Real Estate 45 Hour Post License 100
Practice Questions With Correct Detailed Answers
Guaranteed Pass / Newest Update
Condominium ownership is all of the following except which one? - ✔✔✔ - 1) Fee simple ownership
2) Ownership is transferred by deed.
3) Common elements are legally attached and transferred as well.
4) [CORRECT ANSWER] Each owner pays an equal share of the property tax for the whole building.
Spending 85% of your time prospecting for sellers, according to the National Association of Realtors® will
produce what percentage of buyers? - ✔✔✔ - 1) 25%
2) 40%
3) [CORRECT ANSWER] 50%
4) 80%
You are working with a seller and are in contract with a buyer. The appraisal comes back $5,000 below
the agreed upon sale price. The buyer wants your seller to reduce the sale price by $6,000. You and your
client decide to dispute the appraisal. When reviewing the Comparable properties, you realize they were
not best choices. Which of the following is not used to appraise properties? - ✔✔✔ - 1) Property located
within the same neighborhood will hold the most weight - even "better" than matched properties located
outside of the immediate area.
2) Property located within the same school district.
3) Similar properties based on square footage, lot size, condition, age, amenities and improvements.
4) [CORRECT ANSWER] Number of children living in the neighborhood.
Qualifying as a broker includes all of the following steps except which one? - ✔✔✔ - 1) Take a 72-hour
Broker Pre-Licensing Course.
2) Have completed 2 years as an active licensee out of the past 5 years- either within or outside of Florida.
3) Submit application to the DBPR.
4) [CORRECT ANSWER] Pass a mutual recognition exam.
,Florida Real Estate 45 Hour Post License 100 Practice Questions With Correct Detailed Answers Guaranteed Pass / Newest Update
There are programs offered county by county to help buyers cover down payment and closing costs. The
terms of repayment, if required, vary from program to program. What is this program referred to as? -
✔✔✔ - 1) Federal Aid Programs
2) USD Aid Programs
3) FHA Programs
4) [CORRECT ANSWER] Home Buyer Assistance Programs
Agent Rapunzel was out shopping so she didn't have her real estate license on her. She received a request
from a buyer to immediately see a home. What should she do? - ✔✔✔ - 1) Tell the buyer that she can
only show homes with a 24-hour notice.
2) [CORRECT ANSWER] Set the appointment out long enough to pick up her wallet license.
3) Tell the buyer that the house is no longer available so that she doesn't look incompetent.
4) Her duty to the seller requires that she immediately show the home.
A loan officer has done a brief interview with a buyer without verifying documentation such as income.
What is this called? - ✔✔✔ - 1) Preapproving the buyer.
2) [CORRECT ANSWER] Prequalifying the buyer.
3) Final approval for the buyer.
4) Clear to close.
Agent Ronald had a customer get mad and leave negative feedback on Google. What is the best response?
- ✔✔✔ - 1) Reply online about how wrong that person was.
2) [CORRECT ANSWER] Reach out to the person and try to resolve the issue.
3) Get mad and do nothing.
4) Understand that this will sometimes happen.
Concept that 20% of pointed action produces 80% of results is called what? - ✔✔✔ - 1) Pharo's Folly
2) Einstein's Principle
3) [CORRECT ANSWER] Pareto's Principle
4) Newton's Law
, Florida Real Estate 45 Hour Post License 100 Practice Questions With Correct Detailed Answers Guaranteed Pass / Newest Update
During the inspection period, how can a buyer walk away from the deal? - ✔✔✔ - 1) only if there was an
inspection done that shows any repairs are needed.
2) The buyer must have an inspection done to be able to walk away from the contract.
3) or sue the seller for "specific performance" to make them do the repairs found during an inspection
4) [CORRECT ANSWER] without penalty for any reason
When would an agency disclosure not have to be provided? - ✔✔✔ - 1) To work with a buyer as a single
agent.
2) To work with a seller as a single agent.
3) [CORRECT ANSWER] With buyers entering an open house.
4) To work with a buyer or seller in a no agency capacity.
Which of the following is NOT a triggering term? - ✔✔✔ - 1) [CORRECT ANSWER] No down payment.
2) 25% down
3) 90% financing
4) Monthly payments less than $850.
Which statement is true about becoming involved in a community group? - ✔✔✔ - 1) [CORRECT ANSWER]
Your primary focus should be on the purpose of the group with prospecting a secondary focus.
2) This is a waste of time.
3) Since it is a group activity, relationships do not matter.
4) Going to the group once is enough; this is a prospecting success.
When you begin acting on behalf of a buyer; you are automatically obligated, under Florida statute, to
uphold duties to the buyer in the capacity of a what? - ✔✔✔ - 1) [CORRECT ANSWER] Transaction broker
2) Listing agent
3) Single agent
4) Buyer's agent
Licensee Betty Sue was arrested for possession of cocaine when she was visiting a friend in Phoenix,
Arizona. Which of the following is true? - ✔✔✔ - 1) Betty Sue would have to report the violation to Arizona
Board of Ethics.
