1. Owners that buy income properties as investments and depend on professionals
to manage them: Absentee Owners
2. a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal: CMA -Comparative Market Analysis...
3. A contractor is employed by an owner of land to build on that land to the owner's
specifications: Custom Building
4. When a contractor builds on his own land with the hope of locating a purchaser
after construction has been completed: Speculative building
5. A developer that acquires a large that aquires a large tract of land and builds a
model center from which sales may be made: tract building
6. Property management has grown as a service of real estate primarily bc of an
increase of _______ _________: Absentee Ownership
7. The category of construction that applies when a property owner employs a
contractor to build on his or her lot is called________ ___________: Custom Building
8. 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: C. the time and difficulty of the appraisal
9. 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: b. custom
10. 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::
1. Preforming a service of real estate
2.In the state of Florida
3.For another
4.For compensation
11 _________ has been defined to include anything or any service of Value paid,
recieved or expected to be paid or recieved.: Compensation
12. The postlicense educational course for sales associate consists of ________ hours:
45
13. The continuing education requirement consists of ______ hours: 14
,14. Florida Real estate sales associates that desire to become brokers must wait
_______ ________ before taking the state exam.: one year
15. A tenant in an apartment complex may recieve up to ______ for refferal of a new
tenant for the same complex.: $50
16. ________ ________ education must be completed during the initial sales
associates's license period.: Post Licensing
17. 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: d. a commission or salary
18. 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: c. 12 months under 1 or more
actively licensed brokers
19. How many hours of postlicense education are required to renew a brokers
license?: 60 hours
20. How long can an voluntary inactive licencee remain in that lisence status?-
: indefinately
, 21. The agreement the state of Florida has w/ some other states that recognises the
similarity in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing: b. mutual recognition
22. A plumber has been appointed by a court to appraise a small business. The
plumber.......
a. is in violation of F.S. 475
b. is allowed to charge a commission
c. may do so and be paid a fee
d. must first be licensed under F.S. 475, Part II: c. may do so and be paid a fee
23. A Georgia Auctioneer was asked by a local real estate broker to auction a small
motel in Jacksonville. The auction did not result in a sale. The Florida broker paid the
auctioneer for out-of-pocket expenses, but did not pay a commission. It would be
correct to say that the:
a. Georgia Autioneer violated the license law
b. Florida Broker did not violate the license law
c. Florida broker is not subject to discipline by the Florida real estate commi-sion
to manage them: Absentee Owners
2. a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal: CMA -Comparative Market Analysis...
3. A contractor is employed by an owner of land to build on that land to the owner's
specifications: Custom Building
4. When a contractor builds on his own land with the hope of locating a purchaser
after construction has been completed: Speculative building
5. A developer that acquires a large that aquires a large tract of land and builds a
model center from which sales may be made: tract building
6. Property management has grown as a service of real estate primarily bc of an
increase of _______ _________: Absentee Ownership
7. The category of construction that applies when a property owner employs a
contractor to build on his or her lot is called________ ___________: Custom Building
8. 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: C. the time and difficulty of the appraisal
9. 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: b. custom
10. 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::
1. Preforming a service of real estate
2.In the state of Florida
3.For another
4.For compensation
11 _________ has been defined to include anything or any service of Value paid,
recieved or expected to be paid or recieved.: Compensation
12. The postlicense educational course for sales associate consists of ________ hours:
45
13. The continuing education requirement consists of ______ hours: 14
,14. Florida Real estate sales associates that desire to become brokers must wait
_______ ________ before taking the state exam.: one year
15. A tenant in an apartment complex may recieve up to ______ for refferal of a new
tenant for the same complex.: $50
16. ________ ________ education must be completed during the initial sales
associates's license period.: Post Licensing
17. 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: d. a commission or salary
18. 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: c. 12 months under 1 or more
actively licensed brokers
19. How many hours of postlicense education are required to renew a brokers
license?: 60 hours
20. How long can an voluntary inactive licencee remain in that lisence status?-
: indefinately
, 21. The agreement the state of Florida has w/ some other states that recognises the
similarity in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing: b. mutual recognition
22. A plumber has been appointed by a court to appraise a small business. The
plumber.......
a. is in violation of F.S. 475
b. is allowed to charge a commission
c. may do so and be paid a fee
d. must first be licensed under F.S. 475, Part II: c. may do so and be paid a fee
23. A Georgia Auctioneer was asked by a local real estate broker to auction a small
motel in Jacksonville. The auction did not result in a sale. The Florida broker paid the
auctioneer for out-of-pocket expenses, but did not pay a commission. It would be
correct to say that the:
a. Georgia Autioneer violated the license law
b. Florida Broker did not violate the license law
c. Florida broker is not subject to discipline by the Florida real estate commi-sion
