Florida Real Estate Laws and Rules/
Codes, Florida Real Estate Questions
for State Exam Studying, Florida
Real Estate Notes to Study for State
Exam, Florida Real Estate Key
Terms for State Exam Questions and
Answers 100% PASS
Florida Statute 20 Chapter 20: - CORRECT ANSWER-Organizational Structure,
establishes the structure of the executive branch of Florida's government.
legislative branch, executive and judicial branch of government.
Florida Statute Chapter 475 : - CORRECT ANSWER-Called "REAL ESTATE
BROKERS, SALES ASSOCIATES, SCHOOLS, AND APPRAISERS". it
establishes the legal right and responsibilities in 4 parts:
1. real estate brokerage
2. real estate appraisers and set fourth the requirements and licensed and certified
appraisers according to federal statute.
,3. commercial real estate sales commission lien act, gives a broker lien rights to
earned commission ( only commercial property).
4. commercial real estate leasing commission lien at gives a broker lien rights for
earned commission associated with a brokerage agreement to lease commercial real
estate.
Real estate brokers, sales associates and schools
Chapter 455: - CORRECT ANSWER-Business and Professional Regulations
general provisions, defines legal practice and procedures for the DBPR.
Florida Statute 120 - CORRECT ANSWER-The administrative procedure acts,
defines the procedural process by which regulatory agencies decide and implement
agency action.
Chapter 61J2 - CORRECT ANSWER-rules of the florida real estate commission
Do real estate professionals provide knowledge of market condition? - CORRECT
ANSWER-yes, because knowledge of market conditions is one of the 3 important
areas you must have knowledge and understanding in when doing sales for real
estate.
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,T or F. The product that real estate licensees market is expert information. -
CORRECT ANSWER-True
T or F. Follow-up refers to returning phone calls to prospective buyers in a timely
manner. - CORRECT ANSWER-False, because this is what a sales associate does
for buyers and sellers after the sale (closing) to promote customer loyalty.
T or F. Real estate professionals who specialize in the sale, purchase, and lease of
businesses must hold a commercial license. - CORRECT ANSWER-False, because
In Florida, an active real estate sales associate or broker license is required to
market business opportunities. No license distinction is made regarding the type of
real estate.
In order to work as a property manager independently what license do you need? -
CORRECT ANSWER-you would be a active real estate broker license.
T or F. Rental agents manage the property once a tenant is secured. - CORRECT
ANSWER-Fasle, because Rental agents typically find a tenant for property and
collect a fee. Property managers continue to manage the property once a tenant is
secured.
T or F. A property manager of an apartment building who is paid on a
transactional basis must hold a CAM license. - CORRECT ANSWER-False,
because A property manager of an apartment building who is paid on a
transactional basis must be licensed as a broker. A CAM license is not required to
manage apartment buildings.
, T or F. The Uniform Standards of Professional Appraisal Practice are standards of
practice that must be followed by appraisers but not real estate licensees. -
CORRECT ANSWER-False, because Florida law requires appraisers, real estate
brokers, and sales associates to abide by the Uniform Standards of Professional
Appraisal Practice when conducting appraisals of real property.
T or F.Real estate licensees must abide by USPAP when preparing CMAs and
BPOs. - CORRECT ANSWER-False, The USPAP standards do not apply to real
estate licensees who, in the ordinary course of business, perform CMAs and BPOs.
T OR F. Sources of real estate financing include commercial banks, savings
associations, credit unions, and mortgage companies. - CORRECT ANSWER-
TRUE.
T OR F. An individual who offers to negotiate the terms of residential mortgage
loan applications for compensation must be licensed as a real estate broker. -
CORRECT ANSWER-FALSE, Because, Individuals who negotiate the terms of
residential mortgage loan applications for compensation must be licensed as
mortgage loan originators.
T or F. A gift of land by a developer to a local government to be used for streets
and sidewalks is called dedication. - CORRECT ANSWER-True
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
Codes, Florida Real Estate Questions
for State Exam Studying, Florida
Real Estate Notes to Study for State
Exam, Florida Real Estate Key
Terms for State Exam Questions and
Answers 100% PASS
Florida Statute 20 Chapter 20: - CORRECT ANSWER-Organizational Structure,
establishes the structure of the executive branch of Florida's government.
legislative branch, executive and judicial branch of government.
Florida Statute Chapter 475 : - CORRECT ANSWER-Called "REAL ESTATE
BROKERS, SALES ASSOCIATES, SCHOOLS, AND APPRAISERS". it
establishes the legal right and responsibilities in 4 parts:
1. real estate brokerage
2. real estate appraisers and set fourth the requirements and licensed and certified
appraisers according to federal statute.
,3. commercial real estate sales commission lien act, gives a broker lien rights to
earned commission ( only commercial property).
4. commercial real estate leasing commission lien at gives a broker lien rights for
earned commission associated with a brokerage agreement to lease commercial real
estate.
Real estate brokers, sales associates and schools
Chapter 455: - CORRECT ANSWER-Business and Professional Regulations
general provisions, defines legal practice and procedures for the DBPR.
Florida Statute 120 - CORRECT ANSWER-The administrative procedure acts,
defines the procedural process by which regulatory agencies decide and implement
agency action.
Chapter 61J2 - CORRECT ANSWER-rules of the florida real estate commission
Do real estate professionals provide knowledge of market condition? - CORRECT
ANSWER-yes, because knowledge of market conditions is one of the 3 important
areas you must have knowledge and understanding in when doing sales for real
estate.
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
,T or F. The product that real estate licensees market is expert information. -
CORRECT ANSWER-True
T or F. Follow-up refers to returning phone calls to prospective buyers in a timely
manner. - CORRECT ANSWER-False, because this is what a sales associate does
for buyers and sellers after the sale (closing) to promote customer loyalty.
T or F. Real estate professionals who specialize in the sale, purchase, and lease of
businesses must hold a commercial license. - CORRECT ANSWER-False, because
In Florida, an active real estate sales associate or broker license is required to
market business opportunities. No license distinction is made regarding the type of
real estate.
In order to work as a property manager independently what license do you need? -
CORRECT ANSWER-you would be a active real estate broker license.
T or F. Rental agents manage the property once a tenant is secured. - CORRECT
ANSWER-Fasle, because Rental agents typically find a tenant for property and
collect a fee. Property managers continue to manage the property once a tenant is
secured.
T or F. A property manager of an apartment building who is paid on a
transactional basis must hold a CAM license. - CORRECT ANSWER-False,
because A property manager of an apartment building who is paid on a
transactional basis must be licensed as a broker. A CAM license is not required to
manage apartment buildings.
, T or F. The Uniform Standards of Professional Appraisal Practice are standards of
practice that must be followed by appraisers but not real estate licensees. -
CORRECT ANSWER-False, because Florida law requires appraisers, real estate
brokers, and sales associates to abide by the Uniform Standards of Professional
Appraisal Practice when conducting appraisals of real property.
T or F.Real estate licensees must abide by USPAP when preparing CMAs and
BPOs. - CORRECT ANSWER-False, The USPAP standards do not apply to real
estate licensees who, in the ordinary course of business, perform CMAs and BPOs.
T OR F. Sources of real estate financing include commercial banks, savings
associations, credit unions, and mortgage companies. - CORRECT ANSWER-
TRUE.
T OR F. An individual who offers to negotiate the terms of residential mortgage
loan applications for compensation must be licensed as a real estate broker. -
CORRECT ANSWER-FALSE, Because, Individuals who negotiate the terms of
residential mortgage loan applications for compensation must be licensed as
mortgage loan originators.
T or F. A gift of land by a developer to a local government to be used for streets
and sidewalks is called dedication. - CORRECT ANSWER-True
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
