State Test Questions
After retrieving written notifications from the landlord, intending to impose a claim for
damages upon the security deposit of the tenant, how many days does the tenant
have to object in writing to the deduction from the security deposit?
15 days
The monetary policy in the United States affects interest rates for home loans by
controlling the availability of money. Who determines this monetary policy?
Federal Reserve System
FREC Commission
Four FREC members must be licensed real estate brokers, who each must have
held an active license for five years before they join the commission.
One member must be a licensed broker or a licensed sales associate who has held
an active license for the two years preceding appointment.
Two members must be people who are not, and have never been, brokers or sales
associates.
FREC members are appointed for four-year terms, and at least one member must be
at least 60 years of age. (Section 475.02, Florida Statutes)
A licensed real estate sales associate in the employ of a broker has
the same obligation to the broker's client and customers as the broker
In considering the given information, the lien that is superior or takes priority over
each other is a
property tax lien
special assessment liens
federal estate tax lien
The cost of a mortgage states as a yearly rate that includes such items such as
interest, mortgage insurance, and loan origination fees (points) is known as the
Annual Percentage Ratio (APR)
, A beneficial interest in real estate which implies that an individual will receive legal
title at a future date is known as
equitable title
Physical components of real estate do NOT include
timber rights
A sales associate has an argument with his broker and immediately goes to work for
another broker. Which of these is a correct statement?
sales associate must be registered with FREC under the new broker before working
there
Customarily, the state documentary stamp tax on the deed will show up on the
closing disclosure as what
debit to the seller, unless agreed upon for buyer to pay it
The Comparative Market Analysis (CMA) is very similar to the comparative sales
approach, which means
adjustments are made to the subject properties
Anything that is permanently fastened or connected to land is what
a fixture
After completing the post licensing education during the initial license period,
licensees must complete
at least 14 hours of continuing education during every 2-year license period for
BOTH active/inactive licensees
A broker is allowed to share a referral fee directly with
actively licensed broker who has not violated any laws of Florida
A broker receives a listing on a home he knows to be perfect for his best friend. The
home is being sold because of a divorce, and the broker knows the owners will
accept a substantially lower bid than the listed price. The broker should tell his best
friend what
After retrieving written notifications from the landlord, intending to impose a claim for
damages upon the security deposit of the tenant, how many days does the tenant
have to object in writing to the deduction from the security deposit?
15 days
The monetary policy in the United States affects interest rates for home loans by
controlling the availability of money. Who determines this monetary policy?
Federal Reserve System
FREC Commission
Four FREC members must be licensed real estate brokers, who each must have
held an active license for five years before they join the commission.
One member must be a licensed broker or a licensed sales associate who has held
an active license for the two years preceding appointment.
Two members must be people who are not, and have never been, brokers or sales
associates.
FREC members are appointed for four-year terms, and at least one member must be
at least 60 years of age. (Section 475.02, Florida Statutes)
A licensed real estate sales associate in the employ of a broker has
the same obligation to the broker's client and customers as the broker
In considering the given information, the lien that is superior or takes priority over
each other is a
property tax lien
special assessment liens
federal estate tax lien
The cost of a mortgage states as a yearly rate that includes such items such as
interest, mortgage insurance, and loan origination fees (points) is known as the
Annual Percentage Ratio (APR)
, A beneficial interest in real estate which implies that an individual will receive legal
title at a future date is known as
equitable title
Physical components of real estate do NOT include
timber rights
A sales associate has an argument with his broker and immediately goes to work for
another broker. Which of these is a correct statement?
sales associate must be registered with FREC under the new broker before working
there
Customarily, the state documentary stamp tax on the deed will show up on the
closing disclosure as what
debit to the seller, unless agreed upon for buyer to pay it
The Comparative Market Analysis (CMA) is very similar to the comparative sales
approach, which means
adjustments are made to the subject properties
Anything that is permanently fastened or connected to land is what
a fixture
After completing the post licensing education during the initial license period,
licensees must complete
at least 14 hours of continuing education during every 2-year license period for
BOTH active/inactive licensees
A broker is allowed to share a referral fee directly with
actively licensed broker who has not violated any laws of Florida
A broker receives a listing on a home he knows to be perfect for his best friend. The
home is being sold because of a divorce, and the broker knows the owners will
accept a substantially lower bid than the listed price. The broker should tell his best
friend what
