Post license real estate florida 45 hour E
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xam d
Questions and Correct Answers 2025 (A d d d d d
+ d
Graded) d
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d
d
d
d
d
d
An economic recovery is defined as A) two successive quarterly dec
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lines in the gross domestic product. B) two successive quarterly incr
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eases in the gross domestic product. C) a period of higher housing p
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rices. D) d d
two successive periods of stock market gains. - ✔✔ANSWER ✔✔-
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B) two successive quarterly increases in the gross domestic product.
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d
Explanation d
When consumers, lured by lower prices, venture back into the market, bu
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siness activity increases and confidence begins to return. Slowly, producti
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on facilities gear up to meet the new consumer demand, capital begins to
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flow back into business enterprises, and additional employees are hired.
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d
,The three types of operating expenses of an income property are A
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) fixed, debt service, and reserves for replacements. B) reserves for
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replacements, fixed, and variable. C) variable, income taxes, and fi
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xed. D) d d
reserves for replacements, variable, and income taxes. - ✔✔ANSWER
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✔✔-B) d
reserves for replacements, fixed, and variable.
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d
Explanation d
Operating expenses are divided into three categories: fixed expenses, vari
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able expenses, and reserves for replacement.
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d
A person applies for a $300,000, 30-year fixed-rate mortgage loan at
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4%. The mortgage payment factor is .00477415. Taxes for the year are $4,
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000, and insurance is $2,400. Her monthly payment for principal, interest,
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taxes, and insurance (PITI) will be
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A) d
$1,432.25. d
B) d
$1,773.64. d
C) d
$1,273.64. d
D) d
$1,965.58. - ✔✔ANSWER ✔✔-D) $1,965.58. d d d d d
d
,58. $300,000 × .00477415 = $1,432.25 principal and interest. $4,000 taxes
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÷ 12 months = 333.33. $2,400 insurance ÷ 12 months = 200.
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$1,432.25 + $333.33 + $200 = $1,965.58 total PITI. d d d d d d d d d
d
A sales associate receives a good-
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faith deposit from a buyer on Wednesday. The broker must deposit the fu
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nds into the escrow account no later than the following
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A) d
Tuesday. d
B) d
Monday. d
C) d
Thursday. d
D) d
Friday. - ✔✔ANSWER ✔✔-B) Monday. d d d d d
d
FREC rules require that the sales associate must give the broker the funds
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within one business day. The broker must deposit the funds in a bank with
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in three business days.
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d
The minimum legal description for a platted subdivision would include A)
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street address, lot and block number, and subdivision name. B) county, lot
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and block number, name of subdivision, and lot dimensions. C) subdivisio
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n name, county, reference to section, township, and range. D)
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subdivision name, county, lot and block number, plat book and page num
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ber. - ✔✔ANSWER ✔✔-D)
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, subdivision name, county, lot and block number, plat book and page num
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ber. d
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Antitrust laws A) allow brokers to boycott cut-
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rate brokers' listings. B) prohibit commercial adver
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tising in faxes. C) allow brokers to split up market ar
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eas. D) d d
prohibit price fixing. - ✔✔ANSWER ✔✔-
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D) prohibit price fixing.
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d
Explanation d
Some of the prohibited actions under antitrust laws include:
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conspiracy to set prices; splitting up co d d d d d d
mpetitive market areas; d d d
conspiring to boycott cut- d d d
rate brokers or otherwise interfering with their business; and
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requiring a minimum commission before allowing listings to be circulated
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in any service, such as through an MLS.
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d
Hearing, understanding, and evaluation are part of what type of skill s
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et? A) d d
Oral d
B) d
Written d
C) d
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xam d
Questions and Correct Answers 2025 (A d d d d d
+ d
Graded) d
d
d
d
d
d
d
d
d
An economic recovery is defined as A) two successive quarterly dec
d d d d d d d d d d
lines in the gross domestic product. B) two successive quarterly incr
d d d d d d d d d d
eases in the gross domestic product. C) a period of higher housing p
d d d d d d d d d d d d
rices. D) d d
two successive periods of stock market gains. - ✔✔ANSWER ✔✔-
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B) two successive quarterly increases in the gross domestic product.
d d d d d d d d d d
d
Explanation d
When consumers, lured by lower prices, venture back into the market, bu
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siness activity increases and confidence begins to return. Slowly, producti
d d d d d d d d d
on facilities gear up to meet the new consumer demand, capital begins to
d d d d d d d d d d d d d
flow back into business enterprises, and additional employees are hired.
d d d d d d d d d d
d
,The three types of operating expenses of an income property are A
d d d d d d d d d d d
) fixed, debt service, and reserves for replacements. B) reserves for
d d d d d d d d d d d
replacements, fixed, and variable. C) variable, income taxes, and fi
d d d d d d d d d
xed. D) d d
reserves for replacements, variable, and income taxes. - ✔✔ANSWER
d d d d d d d d d
✔✔-B) d
reserves for replacements, fixed, and variable.
d d d d d d
d
Explanation d
Operating expenses are divided into three categories: fixed expenses, vari
d d d d d d d d d
able expenses, and reserves for replacement.
d d d d d d
d
A person applies for a $300,000, 30-year fixed-rate mortgage loan at
d d d d d d d d d d d
4%. The mortgage payment factor is .00477415. Taxes for the year are $4,
d d d d d d d d d d d d
000, and insurance is $2,400. Her monthly payment for principal, interest,
d d d d d d d d d d
taxes, and insurance (PITI) will be
d d d d d d d
A) d
$1,432.25. d
B) d
$1,773.64. d
C) d
$1,273.64. d
D) d
$1,965.58. - ✔✔ANSWER ✔✔-D) $1,965.58. d d d d d
d
,58. $300,000 × .00477415 = $1,432.25 principal and interest. $4,000 taxes
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÷ 12 months = 333.33. $2,400 insurance ÷ 12 months = 200.
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$1,432.25 + $333.33 + $200 = $1,965.58 total PITI. d d d d d d d d d
d
A sales associate receives a good-
d d d d d
faith deposit from a buyer on Wednesday. The broker must deposit the fu
d d d d d d d d d d d d
nds into the escrow account no later than the following
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A) d
Tuesday. d
B) d
Monday. d
C) d
Thursday. d
D) d
Friday. - ✔✔ANSWER ✔✔-B) Monday. d d d d d
d
FREC rules require that the sales associate must give the broker the funds
d d d d d d d d d d d d d
within one business day. The broker must deposit the funds in a bank with
d d d d d d d d d d d d d
in three business days.
d d d d
d
The minimum legal description for a platted subdivision would include A)
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street address, lot and block number, and subdivision name. B) county, lot
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and block number, name of subdivision, and lot dimensions. C) subdivisio
d d d d d d d d d d d
n name, county, reference to section, township, and range. D)
d d d d d d d d d d
subdivision name, county, lot and block number, plat book and page num
d d d d d d d d d d d
ber. - ✔✔ANSWER ✔✔-D)
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, subdivision name, county, lot and block number, plat book and page num
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ber. d
d
Antitrust laws A) allow brokers to boycott cut-
d d d d d d d
rate brokers' listings. B) prohibit commercial adver
d d d d d d
tising in faxes. C) allow brokers to split up market ar
d d d d d d d d d d
eas. D) d d
prohibit price fixing. - ✔✔ANSWER ✔✔-
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D) prohibit price fixing.
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d
Explanation d
Some of the prohibited actions under antitrust laws include:
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d
conspiracy to set prices; splitting up co d d d d d d
mpetitive market areas; d d d
conspiring to boycott cut- d d d
rate brokers or otherwise interfering with their business; and
d d d d d d d d d
requiring a minimum commission before allowing listings to be circulated
d d d d d d d d d d
in any service, such as through an MLS.
d d d d d d d d
d
Hearing, understanding, and evaluation are part of what type of skill s
d d d d d d d d d d d
et? A) d d
Oral d
B) d
Written d
C) d
