Aceable Agent Exam Questions with 100% Correct Answers

Aceable Agent Exam Questions with 100% Correct Answers C. client - answerA 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 - answerWhich 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 - answerAparna 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 - answerAlberto 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 - answerWhat 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 - answerFlorida 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. - answerWhich 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. - answerKim 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 - answerAletheia 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 - answerWhich 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 - answerLorenzo 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 - answerWhich 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 - answerA 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 - answerWhich 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 - answerMiguel 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 - answerWhat 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 - answerThe 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 - answerFor 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 - answerWhat 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 - answerA 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 - answerDuring the initial phase of developing land, developers will need to be prepared to: A. pay a lot of fees B. dedicate curbs and