Practice end-of-course exam for Florida real estate license UPDATED
ACTUAL Questions And Correct Answers
Terms in this set (100)
A licensed real estate broker has been hired by a lender The broker is required to be a state-certified appraiser to perform this appraisal
to appraise a home for a buyer who has applied for an assignment.
FHA loan. Whch statement is TRUE regarding this
situation?
Leasehold estate do NOT include A remainder estate.
The Florida Real Estate Commission must notify which Division of Florida Condominiums, Time-shares, and Mobile Homes
agency when it takes disciplinary action against any of the
agency's licensees?
Failure to comply with the statute of frauds will result in An unenforceable contract.
Which statute prohibits discrimination in hotels, Civil Rights Act of 1964
restaurants, and other places of public accommodation if
such discrimination is based on national origin?
A broker received a $5000 deposit from the buyer on Business on Friday.
Tuesday at 1 PM. The seller will not be available until
Monday. The broker's normal banking days Monday. The
broker is required to deposit the $5000 before the end of
Which expense is subtracted to derive NOI? Vacancy and collection losses
An investor wanted to build a motel. A brokerage showed The broker is guilty of culpable negligence
him three choices sites zones hotel -motel. The investor
promised to decide on the site in three weeks, so the
broker took a two-week vacation. When the broker
returned, the investor bought one of the sites. The broker
sold the site, not knowing that the zoning on that site had
been changed to industrial. Which is correct?
Which clause is included in the mortgage to prevent a Due-on-sale clause
subsequent buyer from assuming an existing mortgage
loan?
The broker is a single agent of the seller. The principal has That the roof leaks.
this close to the broker at the roof leaks although there's
no visible evidence of water problem. The broker has
satisfied his legal obligation to both the principal and all
perspective buyers if he discloses
, The seller instructs the listing broker not to show his Withdraw from the listing agreement
home to members of a protected class. The broker
informs the seller that this is a violation of the fair housing
laws, but the seller is insistent. Which choice is the
brokers best course of action under these
circumstances?
A broker has a listing price at $120,000. An uninformed This is legal as long as the broker withdraws from the listing first.
buyer offers $125,000 for the property. The broker buys
the property for $120,000, then sells it for $125,000. Which
statement is FALSE?
A woman has Homesteaded her residence. Her home has $51,000
assessed value of $279,000. She is a non-veteran who is
totally and permanently disabled as a result of a serious
car accident. She's also legally blind what is her
cumulative county tax exemption on her Homesteaded
residence?
The duties of a real estate licensee, ode to a buyer or Limited confidentiality, unless waived in writing by a party.
seller who engages the real estate licensee as a single
agent, do NOT include
Which savings association is federally chartered? Federal savings association
A sales associate who is employed by an owner - A group license
developer who owns properties in the name of various
entities may be issued
A tenant signed a 10 year lease requiring a monthly basis Net lease.
range of $1900, +2% of all monthly gross sales volume
over $95,000. The tenant also must pay all property taxes,
insurance, and other costs normally considered property
owners costs. This is a
A real estate license may be revoked without prejudice Issuance of a license by mistake of the commission.
for which action?
A brokers license was involuntary inactive for two years FREC course I and pass the Sales Associate licensee exam.
and one month. To operate again as an active licensee,
the broker must complete
A man successfully negotiated and was paid for the sale Has not violated F.S. 475.
of a Federal Communications Commission license for
television station. He is not a licensed real estate broker
or sales associate. The Man
Which statement concerning characteristics of a real The real estate market is organized and controlled centrally.
estate market is FALSE?
ACTUAL Questions And Correct Answers
Terms in this set (100)
A licensed real estate broker has been hired by a lender The broker is required to be a state-certified appraiser to perform this appraisal
to appraise a home for a buyer who has applied for an assignment.
FHA loan. Whch statement is TRUE regarding this
situation?
Leasehold estate do NOT include A remainder estate.
The Florida Real Estate Commission must notify which Division of Florida Condominiums, Time-shares, and Mobile Homes
agency when it takes disciplinary action against any of the
agency's licensees?
Failure to comply with the statute of frauds will result in An unenforceable contract.
Which statute prohibits discrimination in hotels, Civil Rights Act of 1964
restaurants, and other places of public accommodation if
such discrimination is based on national origin?
A broker received a $5000 deposit from the buyer on Business on Friday.
Tuesday at 1 PM. The seller will not be available until
Monday. The broker's normal banking days Monday. The
broker is required to deposit the $5000 before the end of
Which expense is subtracted to derive NOI? Vacancy and collection losses
An investor wanted to build a motel. A brokerage showed The broker is guilty of culpable negligence
him three choices sites zones hotel -motel. The investor
promised to decide on the site in three weeks, so the
broker took a two-week vacation. When the broker
returned, the investor bought one of the sites. The broker
sold the site, not knowing that the zoning on that site had
been changed to industrial. Which is correct?
Which clause is included in the mortgage to prevent a Due-on-sale clause
subsequent buyer from assuming an existing mortgage
loan?
The broker is a single agent of the seller. The principal has That the roof leaks.
this close to the broker at the roof leaks although there's
no visible evidence of water problem. The broker has
satisfied his legal obligation to both the principal and all
perspective buyers if he discloses
, The seller instructs the listing broker not to show his Withdraw from the listing agreement
home to members of a protected class. The broker
informs the seller that this is a violation of the fair housing
laws, but the seller is insistent. Which choice is the
brokers best course of action under these
circumstances?
A broker has a listing price at $120,000. An uninformed This is legal as long as the broker withdraws from the listing first.
buyer offers $125,000 for the property. The broker buys
the property for $120,000, then sells it for $125,000. Which
statement is FALSE?
A woman has Homesteaded her residence. Her home has $51,000
assessed value of $279,000. She is a non-veteran who is
totally and permanently disabled as a result of a serious
car accident. She's also legally blind what is her
cumulative county tax exemption on her Homesteaded
residence?
The duties of a real estate licensee, ode to a buyer or Limited confidentiality, unless waived in writing by a party.
seller who engages the real estate licensee as a single
agent, do NOT include
Which savings association is federally chartered? Federal savings association
A sales associate who is employed by an owner - A group license
developer who owns properties in the name of various
entities may be issued
A tenant signed a 10 year lease requiring a monthly basis Net lease.
range of $1900, +2% of all monthly gross sales volume
over $95,000. The tenant also must pay all property taxes,
insurance, and other costs normally considered property
owners costs. This is a
A real estate license may be revoked without prejudice Issuance of a license by mistake of the commission.
for which action?
A brokers license was involuntary inactive for two years FREC course I and pass the Sales Associate licensee exam.
and one month. To operate again as an active licensee,
the broker must complete
A man successfully negotiated and was paid for the sale Has not violated F.S. 475.
of a Federal Communications Commission license for
television station. He is not a licensed real estate broker
or sales associate. The Man
Which statement concerning characteristics of a real The real estate market is organized and controlled centrally.
estate market is FALSE?
