Florida Real Estate Class Final Exam 2025
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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
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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 the
property for resale.
3. A leasing agent of an apt. complex if they are
salaried, work in an onsite rental office and work in a
leasing capacity.
4. A manager of a condo and Co-op if employed for a
salary 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 his
or her duties as an attorney. Not receiving any
compensation for a sale.
7. A decedent (personal representative) when
appointed by the court.
8. A person selling entities licensed by the FCC (radio,
TV or cable enterprises)
9. A person selling personal property.
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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
unlicensed assistant. The entered 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
resident is a person who year.
has
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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?
Mary has a 4 year degree Continuing Education
in real estate. Mary must
still attend the pre-
licensing course and post-
licensing education. What
class is she exempt from?
If a Florida licensee notify the BPR within 10 days and file an "irrevocable
becomes a non-resident consent to service" within 60 days
of Florida, he or she must
If a real estate licensee complete the 63-hour sales assoc pre-licensing
moves to Florida from course and pass the Fla license exam.
another state and wants to
obtain a Fla Sales Assoc
license based on Mutual
Recognition, the licensee
must
To obtain a broker's 1. Satisfactorily completed the 72 hr broker course.
license, the applicant must 2. been an Active Sales Assoc for at least 24 months.
have
1. If you've ever been convicted of a crime.
What information is
2. Entered a plea of nolo contendere, regardless of
required to be disclosed
adjudicaton.
on an application for RE
3. Any violation of the law (except traffic violations,
licensure?
speeding tickets, etc)
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