Florida Real Estate 63-Hour Course
Questions with Verified Answers
2 - ANSWERSSarah holds a real estate license. She was asked to appraise a property.
She can do so provided Sarah
1) Does not represent herself as state-certified, registered or licensed appraiser; does
not accept a fee; and follows USPAP standards
2) Does not represent herself as state-certified, registered or licensed appraiser; does
not accept a fee based on the appraised value; is not doing it for a federally related
transaction, and follows USPAP standards
3) Does so only by using the comparative market analysis or broker price opinion format
4) Does so only for a federally related transaction
2 - ANSWERSState-certified, licensed and registered appraisers are regulated by
1) The Florida Real Estate Commission
2) The Florida Real Estate Appraisal Board
3) Division of Real Estate
4) The Appraiser's Conference and Standards Commission
4 - ANSWERSNick Slick is a property manager for Tony Tiger. Nick's main objective as
a property manager is to
1) Obtain a renter for Tony Tiger's property
2) Advertise that Tony Tiger has a property available for rent
3) Collect rental payments and maintaining escrow accounts per the law
4) Protect and maintain Tony Tiger's property while maximizing Tony Tiger's return on
the investment.
2 - ANSWERSExpert information is the product that a broker, sales associate, or broker
associate must market and contribute to a real estate transaction in all of the following
areas except:
1) Knowledge of property transfer
2) Knowledge of estate management
3) Knowledge of market conditions
4) Knowledge of how to market real estate
, 2 - ANSWERSWhich real estate specialty handles properties designed for retail
locations, restaurants, and professional offices?
1) Residential
2) Commercial
3) Industrial
4) Agricultural
3 - ANSWERSWhich real estate specialty generally consists of properties used for
manufacturing, recycling, and distribution businesses?
1) Residential
2) Commercial
3) Industrial
4) Agricultural
3 - ANSWERSMick visited a neighborhood that was being developed by Fred
Flintstone. Developer Fred let Mick describe the home of Mick's dreams and then Fred
built it for Mick. This type of construction is called
1) Tract
2) Spec
3) Custom
4) Dedication
1 - ANSWERSMax owns a piece of real estate but does not live in it. Max is called:
1) An absentee owner
2) An investment broker
3) A property manager
4) A second home owner
1 - ANSWERSGenerally, real estate agents perform a comparative market analysis for
their clients to
1) Help them determine a price to list when selling a home or a price to offer when
buying a home
2) Determine value when working with a relocation company
3) When obtaining a FHA loan
4) When a broker's price opinion isn't a viable option to determine value
Questions with Verified Answers
2 - ANSWERSSarah holds a real estate license. She was asked to appraise a property.
She can do so provided Sarah
1) Does not represent herself as state-certified, registered or licensed appraiser; does
not accept a fee; and follows USPAP standards
2) Does not represent herself as state-certified, registered or licensed appraiser; does
not accept a fee based on the appraised value; is not doing it for a federally related
transaction, and follows USPAP standards
3) Does so only by using the comparative market analysis or broker price opinion format
4) Does so only for a federally related transaction
2 - ANSWERSState-certified, licensed and registered appraisers are regulated by
1) The Florida Real Estate Commission
2) The Florida Real Estate Appraisal Board
3) Division of Real Estate
4) The Appraiser's Conference and Standards Commission
4 - ANSWERSNick Slick is a property manager for Tony Tiger. Nick's main objective as
a property manager is to
1) Obtain a renter for Tony Tiger's property
2) Advertise that Tony Tiger has a property available for rent
3) Collect rental payments and maintaining escrow accounts per the law
4) Protect and maintain Tony Tiger's property while maximizing Tony Tiger's return on
the investment.
2 - ANSWERSExpert information is the product that a broker, sales associate, or broker
associate must market and contribute to a real estate transaction in all of the following
areas except:
1) Knowledge of property transfer
2) Knowledge of estate management
3) Knowledge of market conditions
4) Knowledge of how to market real estate
, 2 - ANSWERSWhich real estate specialty handles properties designed for retail
locations, restaurants, and professional offices?
1) Residential
2) Commercial
3) Industrial
4) Agricultural
3 - ANSWERSWhich real estate specialty generally consists of properties used for
manufacturing, recycling, and distribution businesses?
1) Residential
2) Commercial
3) Industrial
4) Agricultural
3 - ANSWERSMick visited a neighborhood that was being developed by Fred
Flintstone. Developer Fred let Mick describe the home of Mick's dreams and then Fred
built it for Mick. This type of construction is called
1) Tract
2) Spec
3) Custom
4) Dedication
1 - ANSWERSMax owns a piece of real estate but does not live in it. Max is called:
1) An absentee owner
2) An investment broker
3) A property manager
4) A second home owner
1 - ANSWERSGenerally, real estate agents perform a comparative market analysis for
their clients to
1) Help them determine a price to list when selling a home or a price to offer when
buying a home
2) Determine value when working with a relocation company
3) When obtaining a FHA loan
4) When a broker's price opinion isn't a viable option to determine value
