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Exam (elaborations)

FLORIDA REAL ESTATE U FINAL EXAM LATEST ACTUAL EXAM

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FLORIDA REAL ESTATE U FINAL EXAM LATEST ACTUAL EXAM

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September 25, 2024
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Written in
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FLORIDA REAL ESTATE U FINAL EXAM LATEST ACTUAL EXAM
Which of the following classes are protected under the Americans with Disabilities
Act?
A. Intellectually disabled individuals (formerly mental retardation).
B. people confined to wheelchairs
C. HIV positive individuals
D. all of the above - ANSWER: D. all of the above

The license law is administered by:
A. The Commission of Florida Real Estate
B. Department of Real Estate
C. Florida Real Estate Commission
D. Department of State of Florida - ANSWER: C. Florida Real Estate Commission

The Florida licensing law governing the activities of real estate practitioners is:
A. Title VII
B. Statue 110
C. The Administrative Code
D. Chapter 475 - ANSWER: D. Chapter 475

A summary suspension may be issued :
A. To summarize the circumstances that led to FREC's decision to suspend the
subject's license.
B. In lieu of an further action to be taken against the licensee.
C. It is easily determinable that the licensee is guilty of the allegations thus halting
the complaint process.
D. If the allegations against the subject are so severe that the DBPR feel it crucial to
immediately suspend the licensee. - ANSWER: D. If the allegations against the
subject are so severe that the DBPR feels it crucial to immediately suspend the
license.

A broker who has limited representation to a buyer, a sell, or both, in a real estate
transaction, but does not represent either in a fiduciary capacity is a:
A. Non-representation broker
B. Dual agent
C. Single agent
D. Transaction broker - ANSWER: D. Transaction broker

The Florida Americans with Disabilities Accessibility Implementation Act
accomplished all of these EXCEPT:
A. Incorporated the Americans Disabilities Act of 1990
B. Reduced the federal requirements to ease the burden for Florida builders
C. Provide reasonable accommodations for those with disabilities in the workplace
D. Created law that is more stringent than the ADA - ANSWER: B. Reduced the
federal requirements to ease the burden for Florida builders

, Florida statute defines "immediately" for the broker to deposit earnest monies that
are turned over to him/her by an associate as:
A. By the end of the week
B. Within one business day
C. Within 24 hours
D. Within three business days - ANSWER: D. Within three business days

A salesperson who has just listed a home for a neighbor has the following
relationship with the neighbor?
A. The neighbor is the listings broker's customer and not the salesperson's
B. The neighbor is the salesperson's customer
C. The neighbor is the customer
D. The neighbor is the client of the broker - ANSWER: D. The neighbor is the client of
the broker

Real Estate is:
A. land and all permanent attachments to it
B. land and everything growing on it
C. landing and buildings
D. land - ANSWER: A. land and all permanent attachments to it

Salesperson Jerry lists Bill's house for sale as a single agent. Under which of these
circumstances would the listing agreement be terminated?
A. Bill accepts the offer
B. At the will of either Jerry or Bill without notice
C. The date the house is listed placed in the MLS
D. Upon renunciation by Jerry and with Jerry's broker having full knowledge of this -
ANSWER: D. Upon renunciation by Jerry and with Jerry's broker having full
knowledge of this

Real estate brokerage offices:
A. May be withing the home of a salesperson
B. May not operate within a personal residence
C. May be located outside the state of Florida
D. Must be in an enclosed room in a stationary building - ANSWER: D. Must be in an
enclosed room in a stationary building

Which of the following agency relationships in Florida has the fewest number of
duties and obligations?
A. Single agent
B. All of the above
C. Transaction broker
D. Non-representation - ANSWER: D. Non-representation

Advertising in which a reasonable person would not know they are dealing with a
real estate license is called a(n):

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