45 Hour Post License Florida exam with
| | | | | | |
verified answers |
Farming |- |CORRECT |ANSWER-Concentrating |on |one |type |of |style |of |property |or |on |one |particular |
neighborhood
A |residential |transaction |os |defined |in |F.S. |475 |as |the |sale |of |any: |- |CORRECT |ANSWER-- |Duplex
- |improved |residential |property |of |four |units |or |fewer, |including |condominium |units |
-unimproved |property |intended |for |four |units |or |fewer
- |agricultural |properties |of |ten |acres |or |less
- |leases |with |options |to |purchase |all |or |a |portion |of |improved |property |of |four |or |fewer |residential |
units
- |dispositions |of |business |interests |for |property |of |four |or |fewer |residential |units
absentee |owners |- |CORRECT |ANSWER-owners |who |buy |income |property |as |investments |and |depend |
on |professionals |to |manage |them
All |appraisals, |whether |performed |by |a |licensed |appraiser |or |a |real |estate |licensee, |must |be |
developed |and |reported |in |conformity |with |the |- |CORRECT |ANSWER-Uniform |Standards |of |
Professional |Appraisal |Practice |(USPAP)
The |largest |and |most |prestigious |real |estate |organization |in |the |world |is |________. |They |work |for |
legislation |enforce |professional |standards |of |conduct |through |its |________. |- |CORRECT |ANSWER-1. |
The |National |Association |of |Realtors |(NAR)
2. |Code |of |Ethics
The |largest |trade |association |in |the |state |is |_________ |- |CORRECT |ANSWER-The |Florida |Association |of
|Realtors |(FAR)
The |duties |required |by |the |Code |of |Ethics |are: |- |CORRECT |ANSWER-1. |Duties |to |clients |and |customers
, 2. |Duties |to |the |public |in |general
3. |Duties |to |other |real |estate |licensees
Required |Skills |for |the |Real |estate |professional |are: |- |CORRECT |ANSWER-1. |Valuation |- |Must |be |able |
to |discern |important |differences |between |properties |and |know |ho |to |translate |those |differences |into |
value. |Must |be |able |to |conduct |a |CMA.
2. |Marketing |- |must |have |an |understanding |of |the |tools |and |technologies |available |to |market |a |
property.
3. |Property |Transfer |- |understand |how |to |close |a |transaction
Mission |Statement |- |CORRECT |ANSWER-description |of |a |desired |outcome |that |excites, |motivates, |and
|helps |you |to |create |a |mental |picture |of |your |business |goal.
Industrial |Sales |or |Leasing |- |CORRECT |ANSWER-include |warehouses |and |manufacturing |facilities. |
Industrial |sales |and |leasing |generally |involve |user/owners, |rather |than |investors.
The |law |that |specifically |regulates |real |estate |licensees, |schools, |and |appraisers |is |_________ |- |
CORRECT |ANSWER-F.S. |475
The |Range |Of |Penalties |for |disobeying |FS |475 |or |455 |from |lowest |to |highest |is: |- |CORRECT |ANSWER-
Reprimand, |fine, |probation, |suspension, |and |revocation |or |denial.
Which |is |the |maximum |penalty |for |disobeying |laws |under |FS |455 |or |FS |475 |- |CORRECT |ANSWER-
Revocation |or |denial |of |license
If |the |licensee |does |not |complete |the |45 |hour |course |before |the |expiration |date |of |their |first |
renewal, |the |license |becomes |____ |- |CORRECT |ANSWER-void |and |the |licensee |will |be |out |of |business.
|(have |to |start |over |everything)
When |a |sales |associate |changes |employers, |they |must |notify |the |Commission |of |the |change |no |later |
than |________ |days |after |the |change |by |using |the |form |provided |by |the |commission. |- |CORRECT |
ANSWER-10
| | | | | | |
verified answers |
Farming |- |CORRECT |ANSWER-Concentrating |on |one |type |of |style |of |property |or |on |one |particular |
neighborhood
A |residential |transaction |os |defined |in |F.S. |475 |as |the |sale |of |any: |- |CORRECT |ANSWER-- |Duplex
- |improved |residential |property |of |four |units |or |fewer, |including |condominium |units |
-unimproved |property |intended |for |four |units |or |fewer
- |agricultural |properties |of |ten |acres |or |less
- |leases |with |options |to |purchase |all |or |a |portion |of |improved |property |of |four |or |fewer |residential |
units
- |dispositions |of |business |interests |for |property |of |four |or |fewer |residential |units
absentee |owners |- |CORRECT |ANSWER-owners |who |buy |income |property |as |investments |and |depend |
on |professionals |to |manage |them
All |appraisals, |whether |performed |by |a |licensed |appraiser |or |a |real |estate |licensee, |must |be |
developed |and |reported |in |conformity |with |the |- |CORRECT |ANSWER-Uniform |Standards |of |
Professional |Appraisal |Practice |(USPAP)
The |largest |and |most |prestigious |real |estate |organization |in |the |world |is |________. |They |work |for |
legislation |enforce |professional |standards |of |conduct |through |its |________. |- |CORRECT |ANSWER-1. |
The |National |Association |of |Realtors |(NAR)
2. |Code |of |Ethics
The |largest |trade |association |in |the |state |is |_________ |- |CORRECT |ANSWER-The |Florida |Association |of
|Realtors |(FAR)
The |duties |required |by |the |Code |of |Ethics |are: |- |CORRECT |ANSWER-1. |Duties |to |clients |and |customers
, 2. |Duties |to |the |public |in |general
3. |Duties |to |other |real |estate |licensees
Required |Skills |for |the |Real |estate |professional |are: |- |CORRECT |ANSWER-1. |Valuation |- |Must |be |able |
to |discern |important |differences |between |properties |and |know |ho |to |translate |those |differences |into |
value. |Must |be |able |to |conduct |a |CMA.
2. |Marketing |- |must |have |an |understanding |of |the |tools |and |technologies |available |to |market |a |
property.
3. |Property |Transfer |- |understand |how |to |close |a |transaction
Mission |Statement |- |CORRECT |ANSWER-description |of |a |desired |outcome |that |excites, |motivates, |and
|helps |you |to |create |a |mental |picture |of |your |business |goal.
Industrial |Sales |or |Leasing |- |CORRECT |ANSWER-include |warehouses |and |manufacturing |facilities. |
Industrial |sales |and |leasing |generally |involve |user/owners, |rather |than |investors.
The |law |that |specifically |regulates |real |estate |licensees, |schools, |and |appraisers |is |_________ |- |
CORRECT |ANSWER-F.S. |475
The |Range |Of |Penalties |for |disobeying |FS |475 |or |455 |from |lowest |to |highest |is: |- |CORRECT |ANSWER-
Reprimand, |fine, |probation, |suspension, |and |revocation |or |denial.
Which |is |the |maximum |penalty |for |disobeying |laws |under |FS |455 |or |FS |475 |- |CORRECT |ANSWER-
Revocation |or |denial |of |license
If |the |licensee |does |not |complete |the |45 |hour |course |before |the |expiration |date |of |their |first |
renewal, |the |license |becomes |____ |- |CORRECT |ANSWER-void |and |the |licensee |will |be |out |of |business.
|(have |to |start |over |everything)
When |a |sales |associate |changes |employers, |they |must |notify |the |Commission |of |the |change |no |later |
than |________ |days |after |the |change |by |using |the |form |provided |by |the |commission. |- |CORRECT |
ANSWER-10
