FLORIDA Real Estate Pre-license Exam
Review Questions and Answers (Latest
Update 2024)
Real Estate Business - Correct Answer ✅ Is composed of
many specialization's:
- (1)Details of Property Transfer
-Knowledge of:
(2)market conditions
(3)how to market real estate business
(4)how to analyze buyers needs
(5)laws that pertain to real estate
Real Estate Brokerage - Correct Answer ✅ Is the bringing
together of buyers and sellers, owners and renters and
completing real estate transactions.
***How can a agent maintain good standing with clients?
(After title closing)*** - Correct Answer ✅ ***Follow Up.
This will result in a good reputation and FUTURE REFERRALS
and word-of-mouth advertising.***
What are the 5 major sales specialties? (Types of
properties/lots) - Correct Answer ✅ Residential.
,FLORIDA Real Estate Pre-license Exam
Review Questions and Answers (Latest
Update 2024)
(Remember 4-10 Rule: any vacant land zoned for 4 or fewer
residential units OR agricultural property of 10 or fewer
acres.){A condo is considered a single family home}
Commercial.
Industrial.
Agricultural.
Business. (Considered "business brokers." ***Presumption in
Florida that businesses include real property***)
What is a Farm Area? - Correct Answer ✅ When
brokers/sales associate become an expert in one portion of
the city.
What is the difference between a rental agent and a property
manager? - Correct Answer ✅ Rental Agent: find a tenant
& collect fee.
Property Manager: continue to manage property after tenant
is secured.
, FLORIDA Real Estate Pre-license Exam
Review Questions and Answers (Latest
Update 2024)
What is an absentee owner? - Correct Answer ✅ is a
property owner who does not reside on property/often relies
on professional property manager to manage investment.
Can a real estate broker / sales associate appraise a property
for compensation? - Correct Answer ✅ Yes, but CANNOT
say they are state certified, registered trainee, or licensed
appraisers.
When conducting appraisals, must follow what set of
guidelines? - Correct Answer ✅ Uniform Standards of
Professional Appraisal Practice (USPAP) (Best Practices)
What is a brokers price opinion (BPO)? Can a real estate
licensees charge for these? - Correct Answer ✅ It is the
opinion of value of real property, and yes as long as it is not
considered an appraisal.
***Who does the commission for a BPO, or for any service of
real estate, go to?
a)broker associate
Review Questions and Answers (Latest
Update 2024)
Real Estate Business - Correct Answer ✅ Is composed of
many specialization's:
- (1)Details of Property Transfer
-Knowledge of:
(2)market conditions
(3)how to market real estate business
(4)how to analyze buyers needs
(5)laws that pertain to real estate
Real Estate Brokerage - Correct Answer ✅ Is the bringing
together of buyers and sellers, owners and renters and
completing real estate transactions.
***How can a agent maintain good standing with clients?
(After title closing)*** - Correct Answer ✅ ***Follow Up.
This will result in a good reputation and FUTURE REFERRALS
and word-of-mouth advertising.***
What are the 5 major sales specialties? (Types of
properties/lots) - Correct Answer ✅ Residential.
,FLORIDA Real Estate Pre-license Exam
Review Questions and Answers (Latest
Update 2024)
(Remember 4-10 Rule: any vacant land zoned for 4 or fewer
residential units OR agricultural property of 10 or fewer
acres.){A condo is considered a single family home}
Commercial.
Industrial.
Agricultural.
Business. (Considered "business brokers." ***Presumption in
Florida that businesses include real property***)
What is a Farm Area? - Correct Answer ✅ When
brokers/sales associate become an expert in one portion of
the city.
What is the difference between a rental agent and a property
manager? - Correct Answer ✅ Rental Agent: find a tenant
& collect fee.
Property Manager: continue to manage property after tenant
is secured.
, FLORIDA Real Estate Pre-license Exam
Review Questions and Answers (Latest
Update 2024)
What is an absentee owner? - Correct Answer ✅ is a
property owner who does not reside on property/often relies
on professional property manager to manage investment.
Can a real estate broker / sales associate appraise a property
for compensation? - Correct Answer ✅ Yes, but CANNOT
say they are state certified, registered trainee, or licensed
appraisers.
When conducting appraisals, must follow what set of
guidelines? - Correct Answer ✅ Uniform Standards of
Professional Appraisal Practice (USPAP) (Best Practices)
What is a brokers price opinion (BPO)? Can a real estate
licensees charge for these? - Correct Answer ✅ It is the
opinion of value of real property, and yes as long as it is not
considered an appraisal.
***Who does the commission for a BPO, or for any service of
real estate, go to?
a)broker associate
