Florida Real Estate
U Final Exam
Questions and
Complete Solutions
Graded A+
Denning [Date] [Course title]
,An appraisal can be completed by which of the following?
A home inspector
A real estate broker
A licensed appraiser using USPAP standards
A mortgage loan originator - Answer: A licensed appraiser using USPAP standards
What is a BPO?
Broker Price Opinion
Best Practice Organization
Best Prospective Offer
Beyond Present Opportunities - Answer: Broker Price Opinion
Which of the following is incorrect?
Farming methods include Direct Mail and Just Listed Post Cards.
Farming only involves raising crops, fish or animals.
Farming is a great way for a licensee to introduce themselves.
Farming involves concentrating business efforts in a particular geographical area. - Answer: Farming
only involves raising crops, fish or animals.
Which of the following is NOT considered a major real estate licensee sales specialty?
Agricultural
Cemetery Plots
Commercial
Residential - Answer: Cemetery Plots
,What is a home built from blueprints supplied by the buyer is called?
An architectural original
A spec home
A tract home
A custom home - Answer: A custom home
MLS is an acronym for which of the following?
Multiple Land Syndication
Major Lending Service
Multiple Lender Sources
Multiple Listing System - Answer: Multiple Listing System
Why is there a high demand for property managers in Florida?
Cruise ships
Absentee owners
Gated communities
High temperatures - Answer: Absentee owners
An organization with at least one real estate broker acting as the agent for others in negotiating the sale
or rental of real property for a fee is known as a/an?
Cooperative
Real estate brokerage
MLS
Management company - Answer: Real estate brokerage
, What is dedication?
Giving up private land for public use
Donating a building to a private school
Putting other people's priorities above your own
The motto of the health service - Answer: Giving up private land for public use
One qualified by education, training and experience who is hired to estimate the value of real and
personal property based on experience, judgment, facts, and use of formal appraisal process is known as
a/an?
Sales Associate
Broker
Appraiser
Underwriter - Answer: Appraiser
Which Organization approves the Sales Associate and Broker License Applications?
Fannie Mae
NAR
DBPR
FREC - Answer: DBPR
A Licensee from another State may be able to get a FL license without undergoing pre-licensing
education through which of the following?
Being a REALTOR®
Mutual Recognition
Buying a home in Florida
RESPA - Answer: Mutual Recognition
U Final Exam
Questions and
Complete Solutions
Graded A+
Denning [Date] [Course title]
,An appraisal can be completed by which of the following?
A home inspector
A real estate broker
A licensed appraiser using USPAP standards
A mortgage loan originator - Answer: A licensed appraiser using USPAP standards
What is a BPO?
Broker Price Opinion
Best Practice Organization
Best Prospective Offer
Beyond Present Opportunities - Answer: Broker Price Opinion
Which of the following is incorrect?
Farming methods include Direct Mail and Just Listed Post Cards.
Farming only involves raising crops, fish or animals.
Farming is a great way for a licensee to introduce themselves.
Farming involves concentrating business efforts in a particular geographical area. - Answer: Farming
only involves raising crops, fish or animals.
Which of the following is NOT considered a major real estate licensee sales specialty?
Agricultural
Cemetery Plots
Commercial
Residential - Answer: Cemetery Plots
,What is a home built from blueprints supplied by the buyer is called?
An architectural original
A spec home
A tract home
A custom home - Answer: A custom home
MLS is an acronym for which of the following?
Multiple Land Syndication
Major Lending Service
Multiple Lender Sources
Multiple Listing System - Answer: Multiple Listing System
Why is there a high demand for property managers in Florida?
Cruise ships
Absentee owners
Gated communities
High temperatures - Answer: Absentee owners
An organization with at least one real estate broker acting as the agent for others in negotiating the sale
or rental of real property for a fee is known as a/an?
Cooperative
Real estate brokerage
MLS
Management company - Answer: Real estate brokerage
, What is dedication?
Giving up private land for public use
Donating a building to a private school
Putting other people's priorities above your own
The motto of the health service - Answer: Giving up private land for public use
One qualified by education, training and experience who is hired to estimate the value of real and
personal property based on experience, judgment, facts, and use of formal appraisal process is known as
a/an?
Sales Associate
Broker
Appraiser
Underwriter - Answer: Appraiser
Which Organization approves the Sales Associate and Broker License Applications?
Fannie Mae
NAR
DBPR
FREC - Answer: DBPR
A Licensee from another State may be able to get a FL license without undergoing pre-licensing
education through which of the following?
Being a REALTOR®
Mutual Recognition
Buying a home in Florida
RESPA - Answer: Mutual Recognition
