Real Estate Final Exam Questions & Answers, Rated 100%

Real Estate Final Exam Questions & Answers, Rated 100%,Raising the professional and ethical standards of real estate licensees is one goal of the: Florida Real Estate Commission. National Association of Agents. National Association of Realtors. Florida Bar Association. - National Association of Realtors. USA Bank contacted Aubrey, a sales associate with Blue Skies Realty, to do a Broker Price Opinion (BPO). The fee for the BPO was small so the bank paid Aubrey directly. This is: illegal, since sales associate violated Chapter 475, F.S. perfectly legal per Chapter 475, F.S. allowed under Chapter 475, F.S. because BPO's are paid by a set dollar amount rather than commission. illegal, since broker of ABC Realty has violated Chapter 475, F.S. - llegal, since sales associate violated Chapter 475, F.S. Karen's sales specialty involves the knowledge of regulated land use, environmental considerations, transportation, labor costs and utility charges. Her field of specialty is: industrial. agriculture. commercial. residential. - industrial. A property manager generally does all of these except: renting the property. supervising its maintenance. collecting rents. representation of the tenant. - representation of the tenant In the real estate industry, property management has become more popular because of: a lower demand for commercial properties. a higher demand for rentals. the increase in absentee owners. higher regulations on real estate transactions - the increase in absentee owners. Tom's clients and customers appreciate his expertise in explaining property taxes and the homestead exemption, as well as helping them find financing. Tom is a(n): residential specialist. industrial specialist. commercial specialist. agricultural specialist. - residential specialist. When a sales associate is authorized to negotiate a property sale, he or she has the authority to: change the price or terms of a listed property without the principal's knowledge and consent. bind his broker's principal to a real estate contract. work under the direction of a broker or in some cases an owner-developer. change the legal instructions of his broker's principal. - work under the direction of a broker or in some cases an owner-developer. Which area of real estate requires the highest degree of expertise? Appraising Counseling CMA reports Commercial building sites - Counseling A licensed appraiser is compensated for an appraisal: With a percentage of the property's selling price with a percentage of the property's appraised value with a flat fee with a percentage of an income-producing property's profit - with a flat fee The product that all real estate professionals sell is: financial options their expert knowledge licensed appraisals industrial property - their expert knowledge The Florida Statutes that define the general legal practice and procedure for the Department of Business and Professional Regulation (DBPR) and the licensees of all professions, including real estate, are Chapter 475 and Chapter: 718. 455. 20. 120. - 455