real estate practice EXAM A+ GRADE ASSURED COMPLETE SOLUTIONS AND VERIFIED ANSWERS

REAL ESTATE EXAM @x @x




Exam Solution @x




Chapter 1 The Real Estate Business Review Questions/
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Exam 2026 A+ GRADE ASSURED COMPLETE SOLUTIO
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NS AND VERIFIED ANSWERS (9DDC4)
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QUESTION 1 @x




A contractor who builds his or her own lot in the hope of finding a purchaser upon c
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ompletion is building on _______. @x @x @x @x




ANSWER

spec



QUESTION 2 @x




One type of a residential sales transaction involves the sale of any improved resident
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ial property of ____ units or less.
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ANSWER

four



QUESTION 3 @x




The term ____ is a registered trademark of the National Association of REALTORS® an
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d may be used only by members of the organization.
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ANSWER

REALTOR®



QUESTION 4 @x




Most real estate licensees are involved in ______ brokerage.
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ANSWER

residential

, QUESTION 5 @x




Property management has grown as a service of real estate primarily because of an i
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ncrease in _______ ________.
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ANSWER

absentee ownership @x




QUESTION 6 @x




The portion of the Federal Financial Institutions Reform, Recovery and Enforcement
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Act that requires the use of state-licensed or state-
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certified appraisers in federally related transactions is _______.
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ANSWER

Title XI@x




QUESTION 7 @x




An estimate of the value of property developed by a real estate licensee for use in lis
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ting or selling property is known as a ______.
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ANSWER

CMA (comparative market analysis)
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QUESTION 8 @x




Mortgage loan originators are licensed in Florida by the ____ _____ _____ _____ _____.
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ANSWER

Florida Department of Financial Services (FDFS)
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QUESTION 9 @x




The category of construction that applies when a property owner employs a contract
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or to build according to their individual specifications is called ____ _____.
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ANSWER

custom building @x




QUESTION 10 @x