45 Hour Post License Florida
Farming correct answersConcentrating on one type of style of property
or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: correct
answers- Duplex
- improved residential property of four units or fewer, including
condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
-leases with options to purchase all or a portion of improved property of
four or fewer residential units
- dispositions of business interests for property of four or fewer residential
units
absentee owners correct answersowners who buy income property as
investments and depend on professionals to manage them
All appraisals, whether performed by a licensed appraiser or a real
estate licensee, must be developed and reported in conformity with the
correct answersUniform Standards of Professional Appraisal Practice
(USPAP)
The largest and most prestigious real estate organization in the world is
. They work for legislation enforce professional standards of conduct
through its
. correct answers1. The National Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is correct answersThe
Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: correct answers1. Duties to
clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
Required Skills for the Real estate professional are: correct answers1.
Valuation - Must be able to discern important differences between properties
and know ho to translate those differences into value. Must be able to
conduct a CMA.
2. Marketing - must have an understanding of the tools and technologies
available to market a property.
3. Property Transfer - understand how to close a transaction
Mission Statement correct answersdescription of a desired outcome
that excites, motivates, and helps you to create a mental picture of
your business goal.
, Industrial Sales or Leasing correct answersinclude warehouses and
manufacturing facilities. Industrial sales and leasing generally involve
user/owners, rather than investors.
The law that specifically regulates real estate licensees, schools, and
appraisers is
correct answersF.S. 475
The Range Of Penalties for disobeying FS 475 or 455 from lowest to highest
is: correct answersReprimand, fine, probation, suspension, and revocation or
denial.
Which is the maximum penalty for disobeying laws under FS 455 or FS
475 correct answersRevocation or denial of license
If the licensee does not complete the 45 hour course before the expiration
date of their first renewal, the license becomes correct answersvoid and the
licensee will be out of business. (have to start over everything)
When a sales associate changes employers, they must notify the
Commission of the change no later than days after the change by using the
form provided by the commission. correct answers10
Advertisements may not be correct answersfraudulent, false, deceptive, or
misleading. Advertising false, inaccurate, misleading or exaggerated
information could result in
correct answersthe issuance of a citation and a fine of $500
A sales associate who receives a deposit must deliver it to the broker or
employer no later than correct answersthe end of the business day following
the receipt of the item to be deposited
A sales associate may not collect money in connection with a real estate
transaction except correct answersin the name of the employer (cannot be
payed by buyer or seller)
A sales associate receives compensation only from his or her .A
sales associate can however be paid a portion of a commission by a
closing agent if such instructions have been provided in writing by the .
correct answers1. broker
2. broker
Single agents are held accountable for what four specific duties? correct
answers1. Confidentiality
2. Obedience
3. Loyalty
4. Full Disclosure
Farming correct answersConcentrating on one type of style of property
or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: correct
answers- Duplex
- improved residential property of four units or fewer, including
condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
-leases with options to purchase all or a portion of improved property of
four or fewer residential units
- dispositions of business interests for property of four or fewer residential
units
absentee owners correct answersowners who buy income property as
investments and depend on professionals to manage them
All appraisals, whether performed by a licensed appraiser or a real
estate licensee, must be developed and reported in conformity with the
correct answersUniform Standards of Professional Appraisal Practice
(USPAP)
The largest and most prestigious real estate organization in the world is
. They work for legislation enforce professional standards of conduct
through its
. correct answers1. The National Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is correct answersThe
Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: correct answers1. Duties to
clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
Required Skills for the Real estate professional are: correct answers1.
Valuation - Must be able to discern important differences between properties
and know ho to translate those differences into value. Must be able to
conduct a CMA.
2. Marketing - must have an understanding of the tools and technologies
available to market a property.
3. Property Transfer - understand how to close a transaction
Mission Statement correct answersdescription of a desired outcome
that excites, motivates, and helps you to create a mental picture of
your business goal.
, Industrial Sales or Leasing correct answersinclude warehouses and
manufacturing facilities. Industrial sales and leasing generally involve
user/owners, rather than investors.
The law that specifically regulates real estate licensees, schools, and
appraisers is
correct answersF.S. 475
The Range Of Penalties for disobeying FS 475 or 455 from lowest to highest
is: correct answersReprimand, fine, probation, suspension, and revocation or
denial.
Which is the maximum penalty for disobeying laws under FS 455 or FS
475 correct answersRevocation or denial of license
If the licensee does not complete the 45 hour course before the expiration
date of their first renewal, the license becomes correct answersvoid and the
licensee will be out of business. (have to start over everything)
When a sales associate changes employers, they must notify the
Commission of the change no later than days after the change by using the
form provided by the commission. correct answers10
Advertisements may not be correct answersfraudulent, false, deceptive, or
misleading. Advertising false, inaccurate, misleading or exaggerated
information could result in
correct answersthe issuance of a citation and a fine of $500
A sales associate who receives a deposit must deliver it to the broker or
employer no later than correct answersthe end of the business day following
the receipt of the item to be deposited
A sales associate may not collect money in connection with a real estate
transaction except correct answersin the name of the employer (cannot be
payed by buyer or seller)
A sales associate receives compensation only from his or her .A
sales associate can however be paid a portion of a commission by a
closing agent if such instructions have been provided in writing by the .
correct answers1. broker
2. broker
Single agents are held accountable for what four specific duties? correct
answers1. Confidentiality
2. Obedience
3. Loyalty
4. Full Disclosure
