Florida Real Estate updated exam with complete
questions with correct detailed answers – 98%
Owners that buy income properties as investments and depend on
professionals to manage them - ANSWER-Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - ANSWER-CMA -Comparative Market
Analysis...
A contractor is employed by an owner of land to build on that land to the
owner's specifications - ANSWER-Custom Building
When a contractor builds on his own land with the hope of locating a
purchaser after construction has been completed - ANSWER-Speculative
building
A developer that acquires a large that aquires a large tract of land and
builds a model center from which sales may be made - ANSWER-tract
building
,Property management has grown as a service of real estate primarily bc of
an increase of _______ _________ - ANSWER-Absentee Ownership
The category of construction that applies when a property owner employs
a contractor to build on his or her lot is called________ ___________ -
ANSWER-Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - ANSWER-C. the time and difficulty
of the appraisal
A developer contracts to build a home on a buyer's lot to the buyer's
specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision - ANSWER-b. custom
,A Florida Real Estate lisence is required when anyone performs a service
is specified under
F.S. 475 when all the following conditions are simultaneously present,
unless that individual is otherwise exempt under the law: - ANSWER-1.
Preforming a service of real estate
2. In the state of Florida
3. For another
4. For compensation
_________ has been defined to include anything or any service of Value
paid, recieved or expected to be paid or recieved. - ANSWER-
Compensation
The postlicense educational course for sales associate consists of
________ hours - ANSWER-45
The continuing education requirement consists of ______ hours -
ANSWER-14
Florida Real estate sales associates that desire to become brokers must
wait _______ ________ before taking the state exam. - ANSWER-one
year
A tenant in an apartment complex may recieve up to ______ for refferal
of a new tenant for the same complex. - ANSWER-$50
, ________ ________ education must be completed during the initial sales
associates's license period. - ANSWER-Post Licensing
Owner-employers of licensed real estate sales associates are allowed to
pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary - ANSWER-d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been
employed for a minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker - ANSWER-c. 12
months under 1 or more actively licensed brokers
How many hours of postlicense education are required to renew a
brokers license? - ANSWER-60 hours
questions with correct detailed answers – 98%
Owners that buy income properties as investments and depend on
professionals to manage them - ANSWER-Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - ANSWER-CMA -Comparative Market
Analysis...
A contractor is employed by an owner of land to build on that land to the
owner's specifications - ANSWER-Custom Building
When a contractor builds on his own land with the hope of locating a
purchaser after construction has been completed - ANSWER-Speculative
building
A developer that acquires a large that aquires a large tract of land and
builds a model center from which sales may be made - ANSWER-tract
building
,Property management has grown as a service of real estate primarily bc of
an increase of _______ _________ - ANSWER-Absentee Ownership
The category of construction that applies when a property owner employs
a contractor to build on his or her lot is called________ ___________ -
ANSWER-Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - ANSWER-C. the time and difficulty
of the appraisal
A developer contracts to build a home on a buyer's lot to the buyer's
specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision - ANSWER-b. custom
,A Florida Real Estate lisence is required when anyone performs a service
is specified under
F.S. 475 when all the following conditions are simultaneously present,
unless that individual is otherwise exempt under the law: - ANSWER-1.
Preforming a service of real estate
2. In the state of Florida
3. For another
4. For compensation
_________ has been defined to include anything or any service of Value
paid, recieved or expected to be paid or recieved. - ANSWER-
Compensation
The postlicense educational course for sales associate consists of
________ hours - ANSWER-45
The continuing education requirement consists of ______ hours -
ANSWER-14
Florida Real estate sales associates that desire to become brokers must
wait _______ ________ before taking the state exam. - ANSWER-one
year
A tenant in an apartment complex may recieve up to ______ for refferal
of a new tenant for the same complex. - ANSWER-$50
, ________ ________ education must be completed during the initial sales
associates's license period. - ANSWER-Post Licensing
Owner-employers of licensed real estate sales associates are allowed to
pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary - ANSWER-d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been
employed for a minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker - ANSWER-c. 12
months under 1 or more actively licensed brokers
How many hours of postlicense education are required to renew a
brokers license? - ANSWER-60 hours
