45 Hour Post License Florida Exam with veried questions & 100% correct answers latest 2024 update graded A+

45 Hour Post License Florida Exam with veried questions & 100% correct answers latest 2024 update graded A+ The __________ prohibits discrimination based on race in the purchase, sale, or lease of real property. - ANSWERCivil Rights Act of 1866 Fair housing laws prohibit ______, ________, and _________. - ANSWERSteering or Channeling, Blockbusting, Redlining absentee owners - ANSWERowners who buy income property as investments and depend on professionals to manage them All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be developed and reported in conformity with the - ANSWERUniform Standards of Professional Appraisal Practice (USPAP) When the rate of return exceeds the costs of borrowing, the leverage is said to be ________ - ANSWERpositive If the cost of borrowing is greater than the return it is - ANSWERnegative The largest and most prestigious real estate organization in the world is ________. They work for legislation enforce professional standards of conduct through its ________. - ANSWER1. The National Association of Realtors (NAR) 2. Code of Ethics The largest trade association in the state is _________ - ANSWERThe Florida Association of Realtors (FAR) The duties required by the Code of Ethics are: - ANSWER1. Duties to clients and customers 2. Duties to the public in general 3. Duties to other real estate licensees Required Skills for the Real estate professional are: - ANSWER1. Valuation - Must be able to discern important differences between properties and know ho to translate those differences into value. Must be able to conduct a CMA. 2. Marketing - must have an understanding of the tools and technologies available to market a property. 3. Property Transfer - understand how to close a transaction Mission Statement - ANSWERdescription of a desired outcome that excites, motivates, and helps you to create a mental picture of your business goal. Industrial Sales or Leasing - ANSWERinclude warehouses and manufacturing facilities. Industrial sales and leasing generally involve user/owners, rather than investors. Which is the maximum penalty for disobeying laws under FS 455 or FS 475 - ANSWERRevocation or denial of license If the licensee does not complete the 45 hour course before the expiration date of their first renewal, the license becomes ____ - ANSWERvoid and the licensee will be out of business. (have to start over everything) When a sales associate changes employers, they must notify the Commission of the change no later than ________ days after the change by using the form provided by the commission. - ANSWER10 When a mortgage foreclosure sale does not produce enough funds to pay the loan in full, the lender can obtain a ____________________ in order to try and satisfy the outstanding balance from the borrowers other properties, income, and assets. - ANSWERDeficiency Judgment Farming - ANSWERConcentrating on one type of style of property or on one particular neighborhood Advertisements may not be - ANSWERfraudulent, false, deceptive, or misleading.