FLORIDA Real Estate Pre-license Exam | 100% VERIFIED CORRECT | LATEST 2024/25

FLORI DA Real Estate Pre -license Exam | 100% VERIFIED CORRECT | LATEST 2024/25 Real IIEstate IIBusiness II- II II II IIIs IIcomposed IIof IImany IIspecialization's: II - II(1)Details IIof IIProperty IITransfer -Knowledge IIof: (2)market IIconditions (3)how IIto IImarket IIreal IIestate IIbusiness (4)how IIto IIanalyze IIbuyers IIneeds (5)laws IIthat IIpertain IIto IIreal IIestate Real IIEstate IIBrokerage II- II II II IIIs IIthe IIbringing IItogether IIof IIbuyers IIand IIsellers, IIowners IIand IIrenters IIand IIcompleting IIreal IIestate IItransactions. ***How IIcan IIa IIagent IImaintain IIgood IIstanding IIwith IIclients? II(After IItitle IIclosing)*** II- II II II II***Follow IIUp. IIThis IIwill IIresult IIin IIa IIgood IIreputation IIand IIFUTURE IIREFERRALS IIand IIword -of-mouth IIadvertising.*** What IIare IIthe II5 IImajor IIsales IIspecialties? II(Types IIof IIproperties/lots) II- II II II IIResidential. II(Remember II4-10 IIRule: IIany IIvacant IIland IIzoned IIfor II4 IIor IIfewer IIresidential IIunits IIOR IIagricultural IIproperty IIof II10 IIor IIfewer IIacres.){A IIcondo IIis IIconsidered IIa IIsingle IIfamily IIhome} Commercial. Industrial. Agricultural. Business. II(Considered II"business IIbrokers." II***Presumption IIin IIFlorida IIthat IIbusinesses IIinclude IIreal IIproperty***) What IIis IIa IIFarm IIArea? II- II II II IIWhen IIbrokers/sales IIassociate IIbecome IIan IIexpert IIin IIone IIportion IIof IIthe IIcity. What IIis IIthe IIdifference IIbetween IIa IIrental IIagent IIand IIa IIproperty IImanager? II- II II II IIRental IIAgent: IIfind IIa IItenant II& IIcollect IIfee. Property IIManager: IIcontinue IIto IImanage IIproperty IIafter IItenant IIis IIsecured. What IIis IIan IIabsentee IIowner? II- II II II IIis IIa IIproperty IIowner IIwho IIdoes IInot IIreside IIon IIproperty/often IIrelies IIon IIprofessional IIproperty IImanager IIto IImanage IIinvestment. Can IIa IIreal IIestate IIbroker II/ IIsales IIassociate IIappraise IIa IIproperty IIfor IIcompensation? II- II II II IIYes, IIbut IICANNOT IIsay IIthey IIare IIstate IIcertified, IIregistered IItrainee, IIor IIlicensed IIappraisers. When IIconducting IIappraisals, IImust IIfollow IIwhat IIset IIof IIguidelines? II- II II II IIUniform IIStandards IIof IIProfessional IIAppraisal IIPractice II(USPAP) II(Best IIPractices) What IIis IIa IIbrokers IIprice IIopinion II(BPO)? IICan IIa IIreal IIestate IIlicensees IIcharge IIfor IIthese? II- II II II IIIt IIis IIthe IIopinion IIof IIvalue IIof IIreal IIproperty, IIand IIyes IIas IIlong IIas IIit IIis IInot IIconsidered IIan IIappraisal . ***Who IIdoes IIthe IIcommission IIfor IIa IIBPO, IIor IIfor IIany IIservice IIof IIreal IIestate, IIgo IIto? II a)broker IIassociate b)sales IIassociate c)broker II- II II II II***C. IICompensation IIcan IInot IIbe IIpaid IIdirectly IIto IIassociates. Who IImay IIuse IIthe IIterm IIREALTOR? II- II II II IIREALTOR IIand IIreal IIestate IIlicensee IIare IInot IIsynonymous. IIREALTORS IIare IImembers IIof IIa IIlocal IIboard IIof IIrealtors II(privately IIrun IIorganization). Who IIcreated IIthe IIMLS II(Multiple IIListing IIService) IIdatabase? II- II II II IINational IIAssociation IIof IIRealtors. Applicants IIshould IIbe IIfamiliar IIwith IIthese IIlaws IIan IIrules IIand IItheir IIrespective IIsubsections: II- II II II II(F.S. II= IIFlorida IIStatute) F.S. II20 F.S. IIChapter II475 II-Part II1. IIpertains IIto IIreal IIestate IIbrokerage II-Part II2. IIpertains IIto IIreal IIestate IIappraisers II-Part II3. IICommercial IIReal IIEstate IISALES IICommission IILien IIAct II(Lien IIis IIonly IIon IIowners IInet IIproceeds) II-Part II4. IICommercial IIReal IIEstate IILEASING IICommission IILien IIAct. II(Gives IIbroker IIlien IIrights) F.S. II455 Chapter II61J2 ***When IIgoing IIthrough IIapplication IIprocess IIwhat IIshould IIapplicant IINOT IIexclude? II- II II II II***Cautioned IIto IIcomplete IIcarefully, IIand IIto IIfully IIdisclose IIany IIbackground IIcriminal IIhistory IIEVEN IIIF IIconviction IIwas IIwithheld IIadjudication. II{It IIis IIthe IIapplicants IIresponsibility IIto IIverify IIthese IIthings} ***Non -florida -residents IIare IInot IIrequired IIto IIprovide: II- II II II IIProof IIof IIU.S. IIcitizenship, IIhowever IImust IIhave IIa IIsocial IIsecurity IInumber. II(SSN IIused IIto IIsee IIif IIapplicants IIare IIin IIcompliance IIwith IIchild IIsupport IIobligations) ***Real IIEstate IIapplicants IIapproved IIfor IIlicensure IIunder IImutual IIrecognition IIare IIexempt IIfrom: II- II II II IIPre-license IIcourse. On IIFlorida IIstate IIexam, IIwhat IIpercentage IIis IIconsidered IIpassing? IIWhat IIpercent IIon IIlicense IIexam? II- II II II IILicense IIExam II- II70%