45 HOUR POST-LICENSE 1ST RENEWAL CH 1 - 13
COMBINED
Greg grew up and lives in a rural farming area. He's very comfortable selling that type of
property and knows he can work well with clients in that area. What property type will
most likely be his speciality?
A. Timeshare/Vacation
B. Industrial
C. Commercial
D. Agricultural - Answers :D. Agricultural
Which of these is the largest national real estate organization in the United States?
A. MLS
B. Florida Association of REALTORS
C. Local Association of REALTORS
D. National Association of REALTORS - Answers :D. National Association of
REALTORS
When presenting themselves to the public, who may use the designation of REALTOR?
A. Anyone with a RE license
B. Anyone performing RE related services
C. Only members of NAR
D. Any licenses RE broker - Answers :C. Only members of NAR
Even if you have been in RE business for many years, you need to continue your RE
_________ to ensure long-term success.
A. Logo
B. Jargon
C. Education
D. Business cards - Answers :C. Education
Attaining ________ will increase your credibility in the marketplace and provide another
tool to separate you from the competition.
A. Fancy cars
B. Expensive marketing experts
C. Designations and certifications
D. Large offices - Answers :C. Designations and certifications
Which of the following is a common NAR designation?
A. REE - Real Estate Expert
,B. ASAP - American Sales Associate Profession
C. GRI - Graduate, REALTOR Institute
D. MRET - Master Real Estate Trainer - Answers :C. GRI - Graduate, REALTOR
Institute
What area of RE deals with absentee owners who buy income producing property as an
investment?
A. Special use
B. Residential
C. Property Management
D. Agricultural - Answers :C.Property Management
Jake has decided to specialize in working with clients who purchase and sell investment
property such as malls and shopping centers. In what property type will jake specialize?
A. Agricultural
B. Residential
C. Commercial
D. Industrial - Answers :C. Commercial
All of the following duties are included in the NAR Code of Ethics EXCEPT?
A. Duties to the Department of Business and Professional Regulation (DBPR)
B. Duties to clients and customers
C. Duties to other real estate licensees
C. Duties to the public in general - Answers :A. Duties to the Department of Business
and Professional Regulation (DBPR)
All of the following are considered residential property according to the Florida statutes,
EXCEPT?
A. two -acres of farmland
B. A condominium unit
C. A vacant lot zoned for a single-family home
D. A 50-unit motel - Answers :D.A 50-unit motel
In what three areas in a RE professional is expected to have expert knowledge?
A. Valuation, Marketing, Property Transfer
B. Banking, Technology, Marketing
C. Federal regulations, Forms Programs, Goal Setting
D. Property Management, MLS use, Valuation - Answers :A. Valuation, Marketing,
Property Transfer
,Comparative market analysis (CMA) preparation and investment analysis fall under
which category?
A. Multiple Listing Service
B. Marketing Skills
C. Valuation
D. Interpreting Deeds - Answers :C. Valuation
Listing contracts, disclosures, and seller net sheets all have to do with an understanding
of which skill set?
A. Property Transfer
B. Marketing
C. Product Knowledge
D. Valuation - Answers :A. Property Transfer
Specific knowledge on market statistics, available inventory, and distressed properties
have to do with an understanding of which knowledge base?
A. Product Knowledge
B. Valuation
C. Procedural Skills
D. Marketing Skills - Answers :A. Product Knowledge
What percentage of buyers start their search for a new home on the internet?
A. Less than 30%
B. More than 85%
C. Between 30-60%
D. Between 60-85% - Answers :B. More than 85%
The MLS system is one of the most important resources for success in the RE
business. All of the following are MLS benefits, EXCEPT:
A. Access to market data and statistics
B. Ability to market listings to a wide audience
C. Access to database of prospect names and contact information
D. Access to large database of properties for sale and lease - Answers :C. Access to
database of prospect names and contact information
Consumers view property listings on the internet more than 300% more if they have
more than 16 what?
A. Realtors
B. Sellers
C. Pictures
, D. Forms - Answers :C. Pictures
Effective use of technology and online tools are key to your success in today's internet-
based society. All of the following are considered state-of-the-art tools, EXCEPT:
A. Paper forms
B. MLS
C. Social Media
D. E-mail - Answers :A. Paper forms
John decides to concentrate is marketing efforts in one particular neighborhood that is
located outside of the city limits. What is this called?
A. Agricultural marketing
B. Farming
C. Speciality marketing
D. Steering - Answers :B. Farming
The NAR has a Code of Ethics which is the standard that Realtors agree to comply with.
All of the following duties are included, EXCEPT:
A. Do not provide misleading information
B. Provide equal non-discriminatory services
C. Do not make false statements about other licensees
D. Use laws as the maximum standard - Answers :D. Use laws as the maximum
standard
Which of the following is considered residential property as defined by Florida Statute?
A. A 15 acre farm
B. A 6 unit apartment building
C. A triplex
D. Vacant lot zoned for a 5-unit condo building - Answers :C. A triplex
Which of the following provides a description of your business goals?
A. Mission statement
B. Policies and procedures manuals
C. Do not call procedures
D. Commission split procedures - Answers :A. Mission statement
What type of RE profession has come into prominence due to absentee ownership?
A. Community Association Manager
B. Real Estate Broker
C. Escrow Agent
COMBINED
Greg grew up and lives in a rural farming area. He's very comfortable selling that type of
property and knows he can work well with clients in that area. What property type will
most likely be his speciality?
A. Timeshare/Vacation
B. Industrial
C. Commercial
D. Agricultural - Answers :D. Agricultural
Which of these is the largest national real estate organization in the United States?
A. MLS
B. Florida Association of REALTORS
C. Local Association of REALTORS
D. National Association of REALTORS - Answers :D. National Association of
REALTORS
When presenting themselves to the public, who may use the designation of REALTOR?
A. Anyone with a RE license
B. Anyone performing RE related services
C. Only members of NAR
D. Any licenses RE broker - Answers :C. Only members of NAR
Even if you have been in RE business for many years, you need to continue your RE
_________ to ensure long-term success.
A. Logo
B. Jargon
C. Education
D. Business cards - Answers :C. Education
Attaining ________ will increase your credibility in the marketplace and provide another
tool to separate you from the competition.
A. Fancy cars
B. Expensive marketing experts
C. Designations and certifications
D. Large offices - Answers :C. Designations and certifications
Which of the following is a common NAR designation?
A. REE - Real Estate Expert
,B. ASAP - American Sales Associate Profession
C. GRI - Graduate, REALTOR Institute
D. MRET - Master Real Estate Trainer - Answers :C. GRI - Graduate, REALTOR
Institute
What area of RE deals with absentee owners who buy income producing property as an
investment?
A. Special use
B. Residential
C. Property Management
D. Agricultural - Answers :C.Property Management
Jake has decided to specialize in working with clients who purchase and sell investment
property such as malls and shopping centers. In what property type will jake specialize?
A. Agricultural
B. Residential
C. Commercial
D. Industrial - Answers :C. Commercial
All of the following duties are included in the NAR Code of Ethics EXCEPT?
A. Duties to the Department of Business and Professional Regulation (DBPR)
B. Duties to clients and customers
C. Duties to other real estate licensees
C. Duties to the public in general - Answers :A. Duties to the Department of Business
and Professional Regulation (DBPR)
All of the following are considered residential property according to the Florida statutes,
EXCEPT?
A. two -acres of farmland
B. A condominium unit
C. A vacant lot zoned for a single-family home
D. A 50-unit motel - Answers :D.A 50-unit motel
In what three areas in a RE professional is expected to have expert knowledge?
A. Valuation, Marketing, Property Transfer
B. Banking, Technology, Marketing
C. Federal regulations, Forms Programs, Goal Setting
D. Property Management, MLS use, Valuation - Answers :A. Valuation, Marketing,
Property Transfer
,Comparative market analysis (CMA) preparation and investment analysis fall under
which category?
A. Multiple Listing Service
B. Marketing Skills
C. Valuation
D. Interpreting Deeds - Answers :C. Valuation
Listing contracts, disclosures, and seller net sheets all have to do with an understanding
of which skill set?
A. Property Transfer
B. Marketing
C. Product Knowledge
D. Valuation - Answers :A. Property Transfer
Specific knowledge on market statistics, available inventory, and distressed properties
have to do with an understanding of which knowledge base?
A. Product Knowledge
B. Valuation
C. Procedural Skills
D. Marketing Skills - Answers :A. Product Knowledge
What percentage of buyers start their search for a new home on the internet?
A. Less than 30%
B. More than 85%
C. Between 30-60%
D. Between 60-85% - Answers :B. More than 85%
The MLS system is one of the most important resources for success in the RE
business. All of the following are MLS benefits, EXCEPT:
A. Access to market data and statistics
B. Ability to market listings to a wide audience
C. Access to database of prospect names and contact information
D. Access to large database of properties for sale and lease - Answers :C. Access to
database of prospect names and contact information
Consumers view property listings on the internet more than 300% more if they have
more than 16 what?
A. Realtors
B. Sellers
C. Pictures
, D. Forms - Answers :C. Pictures
Effective use of technology and online tools are key to your success in today's internet-
based society. All of the following are considered state-of-the-art tools, EXCEPT:
A. Paper forms
B. MLS
C. Social Media
D. E-mail - Answers :A. Paper forms
John decides to concentrate is marketing efforts in one particular neighborhood that is
located outside of the city limits. What is this called?
A. Agricultural marketing
B. Farming
C. Speciality marketing
D. Steering - Answers :B. Farming
The NAR has a Code of Ethics which is the standard that Realtors agree to comply with.
All of the following duties are included, EXCEPT:
A. Do not provide misleading information
B. Provide equal non-discriminatory services
C. Do not make false statements about other licensees
D. Use laws as the maximum standard - Answers :D. Use laws as the maximum
standard
Which of the following is considered residential property as defined by Florida Statute?
A. A 15 acre farm
B. A 6 unit apartment building
C. A triplex
D. Vacant lot zoned for a 5-unit condo building - Answers :C. A triplex
Which of the following provides a description of your business goals?
A. Mission statement
B. Policies and procedures manuals
C. Do not call procedures
D. Commission split procedures - Answers :A. Mission statement
What type of RE profession has come into prominence due to absentee ownership?
A. Community Association Manager
B. Real Estate Broker
C. Escrow Agent
