Florida 45 Hour Post Licensing Exam Questions
With Correct Detailed Answers Guaranteed Pass /
Newest Update
A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they
can buy a house for - ANSWER ✔ - $300,000
What facts need not be disclosed in a real estate transaction? - ANSWER ✔ - The property was the site of
a homicide.
What is a good graphic to show a seller that there will be more activity if the property is competitively
priced? - ANSWER ✔ - The pricing pyramid
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is $18,630. Prorations for
taxes and interest are $5,036. The mortgage payoff is $181,500. What are the seller's proceeds from the
sale? - ANSWER ✔ - $100,534
Filing a suit to quiet title is used when - ANSWER ✔ - a title defect is found, which is difficult to remove by
ordinary means.
What are the benefits of restrictive covenants? - ANSWER ✔ - Maintain and enhance value
What's the downside for a principal who has a single agent? - ANSWER ✔ - Responsible for the single
agent's acts
What is the likely cause of a contract for sale of real estate being ruled as unenforceable? - ANSWER ✔ -
Unwritten agreement
, Aside from a property's location, what is the most important factor that influences market value? -
ANSWER ✔ - Highest and best use
The margin is - ANSWER ✔ - the percentage added to the index of an adjustable-rate mortgage that results
in the calculated rate.
A home sells for $370,000. The mortgage payoff is $262,500. What is the seller's equity? - ANSWER ✔ -
$107,500
How often do mortgage loan originators need to have a criminal background check? - ANSWER ✔ - Every
year
A written listing agreement with a self-renewing clause - ANSWER ✔ - is void.
When you explain the pricing process during a listing presentation, you would NOT ordinarily discuss -
ANSWER ✔ - the process of closing a sale.
What are the three keys to prospecting success? - ANSWER ✔ - Organization, numbers, and consistency
A sales associate, to test his understanding of what the customer has said, uses words that are similar,
but not exactly the same as the customer's. This is called - ANSWER ✔ - paraphrasing.
Which party may pay a licensed personal assistant for selling activities? - ANSWER ✔ - It is not legal to pay
a personal assistant—whether licensed or unlicensed—a portion of a real estate commission.
In a relatively new neighborhood with 524 homes, 72 houses were sold. The turnover index in this
neighborhood is - ANSWER ✔ - 13.7% // 7%. 72 houses sold ÷ 524 total homes = .137 or 13.7%
The Florida Realtors®/Florida Bar Residential Contract for Sale and Purchase is best for - ANSWER ✔ - a
residential sale.
With Correct Detailed Answers Guaranteed Pass /
Newest Update
A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they
can buy a house for - ANSWER ✔ - $300,000
What facts need not be disclosed in a real estate transaction? - ANSWER ✔ - The property was the site of
a homicide.
What is a good graphic to show a seller that there will be more activity if the property is competitively
priced? - ANSWER ✔ - The pricing pyramid
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is $18,630. Prorations for
taxes and interest are $5,036. The mortgage payoff is $181,500. What are the seller's proceeds from the
sale? - ANSWER ✔ - $100,534
Filing a suit to quiet title is used when - ANSWER ✔ - a title defect is found, which is difficult to remove by
ordinary means.
What are the benefits of restrictive covenants? - ANSWER ✔ - Maintain and enhance value
What's the downside for a principal who has a single agent? - ANSWER ✔ - Responsible for the single
agent's acts
What is the likely cause of a contract for sale of real estate being ruled as unenforceable? - ANSWER ✔ -
Unwritten agreement
, Aside from a property's location, what is the most important factor that influences market value? -
ANSWER ✔ - Highest and best use
The margin is - ANSWER ✔ - the percentage added to the index of an adjustable-rate mortgage that results
in the calculated rate.
A home sells for $370,000. The mortgage payoff is $262,500. What is the seller's equity? - ANSWER ✔ -
$107,500
How often do mortgage loan originators need to have a criminal background check? - ANSWER ✔ - Every
year
A written listing agreement with a self-renewing clause - ANSWER ✔ - is void.
When you explain the pricing process during a listing presentation, you would NOT ordinarily discuss -
ANSWER ✔ - the process of closing a sale.
What are the three keys to prospecting success? - ANSWER ✔ - Organization, numbers, and consistency
A sales associate, to test his understanding of what the customer has said, uses words that are similar,
but not exactly the same as the customer's. This is called - ANSWER ✔ - paraphrasing.
Which party may pay a licensed personal assistant for selling activities? - ANSWER ✔ - It is not legal to pay
a personal assistant—whether licensed or unlicensed—a portion of a real estate commission.
In a relatively new neighborhood with 524 homes, 72 houses were sold. The turnover index in this
neighborhood is - ANSWER ✔ - 13.7% // 7%. 72 houses sold ÷ 524 total homes = .137 or 13.7%
The Florida Realtors®/Florida Bar Residential Contract for Sale and Purchase is best for - ANSWER ✔ - a
residential sale.
