Aceable Agent Exam with correct
Answers
C. client - Answer- A real estate agent works exclusively with buyers. They have chosen
a specialization that focuses on the:
A. geographical area
B. commission split
C. client
D. property type
C. sales prices are more negotiable for buyers - Answer- Which of the following
describes a buyers market?
A. It's likely a seller can easily sell a home for more than the listing price
B. Sellers are less likely to have to pay for closing costs
C. Sales prices are more negotiable for buyers
D. The supply of property in a real estate market is lower
C. residential property - Answer- Aparna is working with single-family residences,
vacation properties and multi family residences. She likely specializes in:
A. agricultural property
B. industrial property
C. residential property
D. use-based property
D. commericial property - Answer- Alberto is a sales associate who is very interested in
revenue and profit. A specialization that may serve his interest well is:
A. residential property
B. agricultural property
C. use-based property
D. commercial property
C. ethics - Answer- What dictates what is considered acceptable at a higher level?
A. individual opinions
B. industry standards
C. ethics
D. laws
C. the recording of property conveyance - Answer- Florida has many miles of coastal
property. The state helps regulate and protect this coastal property, along with taking a
large part of the responsibility of regulating:
A. the IRS
,B. zoning
C. the recording of property conveyance
D. veterans affairs
B. Karen, an applicant who was honorably discharged from active military duty four
months ago. - Answer- Which of these applicants will have their application fee waived?
A. George, an applicant whose spouse once served on active military duty, more than
60 months ago
B. Karen, an applicant who was honorably discharged from active military duty four
months ago
C. Aaron, who qualifies as a low-income applicant
D. Randall, a member of the Florida Bar Association
B. She should order a copy of her criminal record to ensure the misdemeanor has been
expunged. - Answer- Kim is applying for her sales associate license. She pled guilty to a
misdemeanor in her youth, paid a fine, spent some time on probation, and has since
lived life on the straight and narrow. She thinks that misdemeanor has been expunged
from her record, but she's not completely sure. What is her BEST course of action?
A. She should submit her application and if it turns up, she can explain it to FREC then
B. She should order a copy of her criminal record to ensure the misdemeanor has been
expunged
C. She should hire a lawyer to do a full scrub of her past
D. She should not apply for a license since she has a criminal record
C. 21 - Answer- Aletheia applied for a sales associate license and was rejected. How
many days does she have to request a formal hearing?
A. 90
B. 46
C. 21
D. 30
C. Jose said he could fly, then took off into the air - Answer- Which of these scenarios is
an example of prima facie evidence?
A. Jeremiah said he could teleport, then told you to meet him in an hour across town
B. Jenny said she was impervious to bullets, then showed you a picture of a bullet
C. Jose said he could fly, then took off into the air
D. Jeremy said he had an invisibility cloak, but it was at his grandma's house right now
so he couldn't show it to you
B. No, he is licensed but not registered, because his status is not yet active - Answer-
Lorenzo is working toward his sales associate license. He has completed his pre-
licensing education, submitted his fingerprints, submitted an application, had the
application accepted, taken the state exam, and passed. At the testing center, he was
given a license number and a photo-bearing proof of licensure. He asked his sponsoring
broker to fill out the paperwork for his employment. Today, he checked the DBPR
website and his status is "inactive." Is he registered? Why or why not?
,A. Yes, because he has found a sponsoring broker, he is registered
B. No, he is licensed but not registered, because his status is not yet active
C. No, he is not registered, because he is licensed
D. Yes, he is licensed and registered because he appears on the DBPR website
D. Maria is a licensed sales associate living in Alabama - Answer- Which of these
people is eligible for mutual recognition in Florida?
A. Manuel has a Connecticut broker license, and has been staying with his mother in
Florida for six months
B. Marcus is a licensed sales associate living in New York
C. Melissa is a member of the Florida Bar living in Florida
D. Maria is a licensed sales associate living in Alabama
B. a 45-hour post-licensing education course - Answer- A sales associate's first renewal
is coming up in six months. What must they complete before that date, if they want to
retain their license?
A. 14 hours of continued education
B. a 45-hour post-licensing education course
C. a 30-hour post-licensing education course, plus 14 house of continued education
D. A 60-hour post licensing education course
D. Cory, a sales associate with a four-year degree in real estate from an accredited
university - Answer- Which of these people will need to complete 14 hours of CE before
their next renewal?
A. Cayley, a sales associate renewing for the first time
B. Cambria, a member of the Florida Bar Association and sales associate
C. Camilla, a broker renewing for the first time
D. Cory, a sales associate with a four-year degree in real estate from an accredited
university
B. absentee owner - Answer- Miguel owns a beautiful property in Fort Lauderdale. As
beautiful as it is, he doesn't live there. Miguel is a(n):
A. negligent owner
B. absentee owner
C. tax-exempt owner
D. from-afar owner
C. They typically require niche knowledge - Answer- What might be challenging about
managing a special-purpose property such as a sports arena or movie theatre?
A. There is no way to predict the behavior of special purpose properties
B. They are usually owner-occupied
C. They typically require niche knowledge
D. They would likely involve managing a mega-retailer warehouse
C. is based on a property's income whereas a flat fee does not vary - Answer- The
difference between a percentage fee and a flat fee is that a percentage fee:
, A. does not vary whereas a flat fee is based on a property's income
B. is determined by the property manager whereas a flat fee is NOT
C. is based on a property's income whereas a flat fee does not vary
D. is determined by the property owner whereas a flat fee is NOT
C. be a state-licensed and certified appraiser - Answer- For federally related real estate
transactions in Florida, the appraiser is required to:
A. possess only a sales associate license
B. possess a sales associate license and be a state-licensed and certified appraiser
C. be a state-licensed and certified appraiser
D. have no specific license or designation
D. An appraisal is more detailed and reliable. A CMA is more informal - Answer- What is
one of the most important differences between an appraisal and a CMA?
A. An appraisal affects a seller's title. A CMA does not
B. An appraisal is for commercial property. A CMA is for residential property
C. An appraisal is used to price a new property. A CMA is used to price a resold
property
D. An appraisal is more detailed and reliable. A CMA is more informal
B. loan origination - Answer- A buyer wants to obtain a loan from their local commercial
bank, so they begin the multi-step process to obtain a mortgage. This process is:
A. mortgagee origination
B. loan origination
C. mortgagor origination
D. banking origination
A. pay a lot of fees - Answer- During the initial phase of developing land, developers will
need to be prepared to:
A. pay a lot of fees
B. dedicate curbs and streets
C. contest their land claim
D. appear in small claims court
A. now owns the curbs and streets - Answer- A developer develops a 20-acre piece of
land into a subdivision. They dedicate the streets and curbs to the city. This means the
city:
A. now owns the curbs and streets
B. must repave the streets but can not use them as access roads
C. may name the streets whatever they wish
D. cannot alter the location of the curbs for street expansion
D. FREC - Answer- The DBPR handles the administrative side of licensure in Florida.
What is the quasi-judicial agency that handles rule-making, administration, and
discipline in the real estate field?
A. CREF
Answers
C. client - Answer- A real estate agent works exclusively with buyers. They have chosen
a specialization that focuses on the:
A. geographical area
B. commission split
C. client
D. property type
C. sales prices are more negotiable for buyers - Answer- Which of the following
describes a buyers market?
A. It's likely a seller can easily sell a home for more than the listing price
B. Sellers are less likely to have to pay for closing costs
C. Sales prices are more negotiable for buyers
D. The supply of property in a real estate market is lower
C. residential property - Answer- Aparna is working with single-family residences,
vacation properties and multi family residences. She likely specializes in:
A. agricultural property
B. industrial property
C. residential property
D. use-based property
D. commericial property - Answer- Alberto is a sales associate who is very interested in
revenue and profit. A specialization that may serve his interest well is:
A. residential property
B. agricultural property
C. use-based property
D. commercial property
C. ethics - Answer- What dictates what is considered acceptable at a higher level?
A. individual opinions
B. industry standards
C. ethics
D. laws
C. the recording of property conveyance - Answer- Florida has many miles of coastal
property. The state helps regulate and protect this coastal property, along with taking a
large part of the responsibility of regulating:
A. the IRS
,B. zoning
C. the recording of property conveyance
D. veterans affairs
B. Karen, an applicant who was honorably discharged from active military duty four
months ago. - Answer- Which of these applicants will have their application fee waived?
A. George, an applicant whose spouse once served on active military duty, more than
60 months ago
B. Karen, an applicant who was honorably discharged from active military duty four
months ago
C. Aaron, who qualifies as a low-income applicant
D. Randall, a member of the Florida Bar Association
B. She should order a copy of her criminal record to ensure the misdemeanor has been
expunged. - Answer- Kim is applying for her sales associate license. She pled guilty to a
misdemeanor in her youth, paid a fine, spent some time on probation, and has since
lived life on the straight and narrow. She thinks that misdemeanor has been expunged
from her record, but she's not completely sure. What is her BEST course of action?
A. She should submit her application and if it turns up, she can explain it to FREC then
B. She should order a copy of her criminal record to ensure the misdemeanor has been
expunged
C. She should hire a lawyer to do a full scrub of her past
D. She should not apply for a license since she has a criminal record
C. 21 - Answer- Aletheia applied for a sales associate license and was rejected. How
many days does she have to request a formal hearing?
A. 90
B. 46
C. 21
D. 30
C. Jose said he could fly, then took off into the air - Answer- Which of these scenarios is
an example of prima facie evidence?
A. Jeremiah said he could teleport, then told you to meet him in an hour across town
B. Jenny said she was impervious to bullets, then showed you a picture of a bullet
C. Jose said he could fly, then took off into the air
D. Jeremy said he had an invisibility cloak, but it was at his grandma's house right now
so he couldn't show it to you
B. No, he is licensed but not registered, because his status is not yet active - Answer-
Lorenzo is working toward his sales associate license. He has completed his pre-
licensing education, submitted his fingerprints, submitted an application, had the
application accepted, taken the state exam, and passed. At the testing center, he was
given a license number and a photo-bearing proof of licensure. He asked his sponsoring
broker to fill out the paperwork for his employment. Today, he checked the DBPR
website and his status is "inactive." Is he registered? Why or why not?
,A. Yes, because he has found a sponsoring broker, he is registered
B. No, he is licensed but not registered, because his status is not yet active
C. No, he is not registered, because he is licensed
D. Yes, he is licensed and registered because he appears on the DBPR website
D. Maria is a licensed sales associate living in Alabama - Answer- Which of these
people is eligible for mutual recognition in Florida?
A. Manuel has a Connecticut broker license, and has been staying with his mother in
Florida for six months
B. Marcus is a licensed sales associate living in New York
C. Melissa is a member of the Florida Bar living in Florida
D. Maria is a licensed sales associate living in Alabama
B. a 45-hour post-licensing education course - Answer- A sales associate's first renewal
is coming up in six months. What must they complete before that date, if they want to
retain their license?
A. 14 hours of continued education
B. a 45-hour post-licensing education course
C. a 30-hour post-licensing education course, plus 14 house of continued education
D. A 60-hour post licensing education course
D. Cory, a sales associate with a four-year degree in real estate from an accredited
university - Answer- Which of these people will need to complete 14 hours of CE before
their next renewal?
A. Cayley, a sales associate renewing for the first time
B. Cambria, a member of the Florida Bar Association and sales associate
C. Camilla, a broker renewing for the first time
D. Cory, a sales associate with a four-year degree in real estate from an accredited
university
B. absentee owner - Answer- Miguel owns a beautiful property in Fort Lauderdale. As
beautiful as it is, he doesn't live there. Miguel is a(n):
A. negligent owner
B. absentee owner
C. tax-exempt owner
D. from-afar owner
C. They typically require niche knowledge - Answer- What might be challenging about
managing a special-purpose property such as a sports arena or movie theatre?
A. There is no way to predict the behavior of special purpose properties
B. They are usually owner-occupied
C. They typically require niche knowledge
D. They would likely involve managing a mega-retailer warehouse
C. is based on a property's income whereas a flat fee does not vary - Answer- The
difference between a percentage fee and a flat fee is that a percentage fee:
, A. does not vary whereas a flat fee is based on a property's income
B. is determined by the property manager whereas a flat fee is NOT
C. is based on a property's income whereas a flat fee does not vary
D. is determined by the property owner whereas a flat fee is NOT
C. be a state-licensed and certified appraiser - Answer- For federally related real estate
transactions in Florida, the appraiser is required to:
A. possess only a sales associate license
B. possess a sales associate license and be a state-licensed and certified appraiser
C. be a state-licensed and certified appraiser
D. have no specific license or designation
D. An appraisal is more detailed and reliable. A CMA is more informal - Answer- What is
one of the most important differences between an appraisal and a CMA?
A. An appraisal affects a seller's title. A CMA does not
B. An appraisal is for commercial property. A CMA is for residential property
C. An appraisal is used to price a new property. A CMA is used to price a resold
property
D. An appraisal is more detailed and reliable. A CMA is more informal
B. loan origination - Answer- A buyer wants to obtain a loan from their local commercial
bank, so they begin the multi-step process to obtain a mortgage. This process is:
A. mortgagee origination
B. loan origination
C. mortgagor origination
D. banking origination
A. pay a lot of fees - Answer- During the initial phase of developing land, developers will
need to be prepared to:
A. pay a lot of fees
B. dedicate curbs and streets
C. contest their land claim
D. appear in small claims court
A. now owns the curbs and streets - Answer- A developer develops a 20-acre piece of
land into a subdivision. They dedicate the streets and curbs to the city. This means the
city:
A. now owns the curbs and streets
B. must repave the streets but can not use them as access roads
C. may name the streets whatever they wish
D. cannot alter the location of the curbs for street expansion
D. FREC - Answer- The DBPR handles the administrative side of licensure in Florida.
What is the quasi-judicial agency that handles rule-making, administration, and
discipline in the real estate field?
A. CREF
