45 Hour Post License Florida exam questions with answers

45 Hour Post License Florida exam
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questions with answers |\ |\




Farming - CORRECT ANSWERS ✔✔Concentrating on one type of style of
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property or on one particular neighborhood
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A residential transaction os defined in F.S. 475 as the sale of any: - CORRECT
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ANSWERS ✔✔- Duplex |\ |\




- improved residential property of four units or fewer, including condominium
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units |\




-unimproved property intended for four units or fewer|\ |\ |\ |\ |\ |\ |\




- agricultural properties of ten acres or less
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- leases with options to purchase all or a portion of improved property of four
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or fewer residential units
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- dispositions of business interests for property of four or fewer residential
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units



absentee owners - CORRECT ANSWERS ✔✔owners who buy income
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property as investments and depend on professionals to manage them
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All appraisals, whether performed by a licensed appraiser or a real estate
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licensee, must be developed and reported in conformity with the - CORRECT
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ANSWERS ✔✔Uniform Standards of Professional Appraisal Practice (USPAP)
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,The largest and most prestigious real estate organization in the world is
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________. They work for legislation enforce professional standards of conduct
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through its ________. - CORRECT ANSWERS ✔✔1. The National Association
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of Realtors (NAR)
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2. Code of Ethics
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The largest trade association in the state is _________ - CORRECT ANSWERS
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✔✔The Florida Association of Realtors (FAR)
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The duties required by the Code of Ethics are: - CORRECT ANSWERS ✔✔1.
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Duties to clients and customers
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2. Duties to the public in general
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3. Duties to other real estate licensees
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Required Skills for the Real estate professional are: - CORRECT ANSWERS
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✔✔1. Valuation - Must be able to discern important differences between
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properties and know ho to translate those differences into value. Must be able
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to conduct a CMA.
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2. Marketing - must have an understanding of the tools and technologies
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available to market a property. |\ |\ |\ |\




3. Property Transfer - understand how to close a transaction
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Mission Statement - CORRECT ANSWERS ✔✔description of a desired
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outcome that excites, motivates, and helps you to create a mental picture of
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your business goal. |\ |\

, Industrial Sales or Leasing - CORRECT ANSWERS ✔✔include warehouses
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and manufacturing facilities. Industrial sales and leasing generally involve
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user/owners, rather than investors. |\ |\ |\




The law that specifically regulates real estate licensees, schools, and appraisers
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is _________ - CORRECT ANSWERS ✔✔F.S. 475
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The Range Of Penalties for disobeying FS 475 or 455 from lowest to highest is:
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- CORRECT ANSWERS ✔✔Reprimand, fine, probation, suspension, and
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revocation or denial. |\ |\




Which is the maximum penalty for disobeying laws under FS 455 or FS 475 -
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CORRECT ANSWERS ✔✔Revocation or denial of license |\ |\ |\ |\ |\ |\




If the licensee does not complete the 45 hour course before the expiration date
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of their first renewal, the license becomes ____ - CORRECT ANSWERS
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✔✔void and the licensee will be out of business. (have to start over
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everything)



When a sales associate changes employers, they must notify the Commission
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of the change no later than ________ days after the change by using the form
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provided by the commission. - CORRECT ANSWERS ✔✔10 |\ |\ |\ |\ |\ |\ |\




Advertisements may not be - CORRECT ANSWERS ✔✔fraudulent, false, |\ |\ |\ |\ |\ |\ |\ |\ |\




deceptive, or misleading. |\ |\