Florida Real Estate Class Final Exam / Verified
Questions with Correct Answers.
Terms in this set (245)
Specializes in the sale, purchase or lease of
businesses. Is required to have a real estate license
A Business Broker
and may be licensed as a real estate broker or sales
associate
Keeping in contact with the new owner after the
Follow-Up is
closing of the sale
A builder constructs a Custom Building
house on an owner's lot
according to the owner's
plans and specifications.
This is called
A builder purchases Spec Building
several vacant lots in an
established residential
subdivision. The builder
constructs houses w/o
having secured a buyer in
advance of the
construction of each
home and advertises them
for sale to prospective
buyers. This is which type
of residential
construction?
, 1. Straight Salary .
What is exempt from Real
2. A person who sells cemetery lots for a commission.
Estate licensure under
3. Court jurisdiction.
Chapter 475?
4. Renting of a mobil home lot in a mobil home park
1. For Sale by Owner
2. Owner of a Timeshare period who offers theproperty
for resale.
3. A leasing agent of an apt. complex if they aresalaried,
work in an onsite rental office and work in a leasing
capacity.
4. A manager of a condo and Co-op if employed for
asalary and rent is for periods no greater than 1 yr.
Other exemptions from
5. An Attorney-in-Fact (Power of Attorney)
licensure include
6. An Attorney-at-Law when acting in the scope of hisor
her duties as an attorney. Not receiving any compensation
for a sale.
7. A decedent (personal representative) whenappointed
by the court.
8. A person selling entities licensed by the FCC (radio,
TV or cable enterprises)
9. A person selling personal property.
A farmer is appointed by Yes because he was appointed by the courts.
the court to appraise the
farm land of a deceased
neighbor. The farmer will be
paid a $3000 fee for the
appraisal. Is he exempt from
Chapter 475?
,
, A sales assoc employs an Both violated the license law when the assistant entered the
unlicensed assistant. The property to show it.
licensee prepares a fact sheet
for all of her listings. The
sales assoc instructs her
assistant to drive a
prospective purchaser by
several listed properties.
When questioned about a
particular property, the
assistant reads information
from the fact sheet. The
prospect decides to buy after
the assistant showed her the
interior of the last property.
Have one or the other or
both violated Chapter 475?
Under FREC rules, a Fla resided in Fla for at least 4 mos within the preceding year.
resident is a person who has
Tom intends to make To be a US Citizen
application to become a Fla
real estate sales associate. He
must have a Social Security
number, a high school
diploma, be over 18, and be
competent to negotiate.
What is not required?
Questions with Correct Answers.
Terms in this set (245)
Specializes in the sale, purchase or lease of
businesses. Is required to have a real estate license
A Business Broker
and may be licensed as a real estate broker or sales
associate
Keeping in contact with the new owner after the
Follow-Up is
closing of the sale
A builder constructs a Custom Building
house on an owner's lot
according to the owner's
plans and specifications.
This is called
A builder purchases Spec Building
several vacant lots in an
established residential
subdivision. The builder
constructs houses w/o
having secured a buyer in
advance of the
construction of each
home and advertises them
for sale to prospective
buyers. This is which type
of residential
construction?
, 1. Straight Salary .
What is exempt from Real
2. A person who sells cemetery lots for a commission.
Estate licensure under
3. Court jurisdiction.
Chapter 475?
4. Renting of a mobil home lot in a mobil home park
1. For Sale by Owner
2. Owner of a Timeshare period who offers theproperty
for resale.
3. A leasing agent of an apt. complex if they aresalaried,
work in an onsite rental office and work in a leasing
capacity.
4. A manager of a condo and Co-op if employed for
asalary and rent is for periods no greater than 1 yr.
Other exemptions from
5. An Attorney-in-Fact (Power of Attorney)
licensure include
6. An Attorney-at-Law when acting in the scope of hisor
her duties as an attorney. Not receiving any compensation
for a sale.
7. A decedent (personal representative) whenappointed
by the court.
8. A person selling entities licensed by the FCC (radio,
TV or cable enterprises)
9. A person selling personal property.
A farmer is appointed by Yes because he was appointed by the courts.
the court to appraise the
farm land of a deceased
neighbor. The farmer will be
paid a $3000 fee for the
appraisal. Is he exempt from
Chapter 475?
,
, A sales assoc employs an Both violated the license law when the assistant entered the
unlicensed assistant. The property to show it.
licensee prepares a fact sheet
for all of her listings. The
sales assoc instructs her
assistant to drive a
prospective purchaser by
several listed properties.
When questioned about a
particular property, the
assistant reads information
from the fact sheet. The
prospect decides to buy after
the assistant showed her the
interior of the last property.
Have one or the other or
both violated Chapter 475?
Under FREC rules, a Fla resided in Fla for at least 4 mos within the preceding year.
resident is a person who has
Tom intends to make To be a US Citizen
application to become a Fla
real estate sales associate. He
must have a Social Security
number, a high school
diploma, be over 18, and be
competent to negotiate.
What is not required?
