Real Estate U Final Study Guide
Questions And Answers 2024
Why is there a high demand for property managers in Florida? - answers:Absentee owners
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? - answers:Appraiser
What is dedication? - answers:Giving up private land for public use
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? - answers:Real estate brokerage
What is a home built from blueprints supplied by the buyer is called? - answers:A custom home
An appraisal can be completed by? - answers:A licensed appraiser using USPAP standards
MLS is an acronym for? - answers:Multiple Listing System
What is a BPO? - answers:Broker Price Opinion
What is the meaning of Caveat Emptor? - answers:Buyer Beware
What is the difference between a Broker Associate and a Broker? - answers:A Broker Associate
has passed the Broker exam but chooses to work for a Broker
Which Organization approves the Sales Associate and Broker License Applications? -
answers:DBPR
, What is a newly licensed person working for a broker known as? - answers:A Sales Associate
What is the pre-licensing education requirement for a Broker? - answers:72 hours
A Licensee from another State may be able to get a FL license without undergoing pre-licensing
education through which of the following? - answers:Mutual Recognition
When should Fingerprints be submitted? - answers:As soon as an application has been submitted
to DBPR
What is the minimum education requirement for an applicant? - answers:High school diploma or
equivalent
What is the purpose of the Department of Business and Professional Regulation? - answers:To
act as a Consumer Protection Agency
If a Sales Associate fails to complete their 14-hours of Continuing Education before their license
expires March 31, What is the status of their license on April 1? - answers:The license is
involuntarily inactive
Who issues real estate licenses? - answers:The Department
How many of the Members of FREC are not and never have been Brokers or Sales Associates? -
answers:Two
What is the Maximum fine that can be levied by FREC for any violation of 475 F.S. and 455
F.S.? - answers:$5,000 (Dollars)
How many members of the FREC must be active licensed brokers? - answers:Four
FREC is NOT required to? - answers:Issue a Florida sales associate's real estate license
Questions And Answers 2024
Why is there a high demand for property managers in Florida? - answers:Absentee owners
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? - answers:Appraiser
What is dedication? - answers:Giving up private land for public use
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? - answers:Real estate brokerage
What is a home built from blueprints supplied by the buyer is called? - answers:A custom home
An appraisal can be completed by? - answers:A licensed appraiser using USPAP standards
MLS is an acronym for? - answers:Multiple Listing System
What is a BPO? - answers:Broker Price Opinion
What is the meaning of Caveat Emptor? - answers:Buyer Beware
What is the difference between a Broker Associate and a Broker? - answers:A Broker Associate
has passed the Broker exam but chooses to work for a Broker
Which Organization approves the Sales Associate and Broker License Applications? -
answers:DBPR
, What is a newly licensed person working for a broker known as? - answers:A Sales Associate
What is the pre-licensing education requirement for a Broker? - answers:72 hours
A Licensee from another State may be able to get a FL license without undergoing pre-licensing
education through which of the following? - answers:Mutual Recognition
When should Fingerprints be submitted? - answers:As soon as an application has been submitted
to DBPR
What is the minimum education requirement for an applicant? - answers:High school diploma or
equivalent
What is the purpose of the Department of Business and Professional Regulation? - answers:To
act as a Consumer Protection Agency
If a Sales Associate fails to complete their 14-hours of Continuing Education before their license
expires March 31, What is the status of their license on April 1? - answers:The license is
involuntarily inactive
Who issues real estate licenses? - answers:The Department
How many of the Members of FREC are not and never have been Brokers or Sales Associates? -
answers:Two
What is the Maximum fine that can be levied by FREC for any violation of 475 F.S. and 455
F.S.? - answers:$5,000 (Dollars)
How many members of the FREC must be active licensed brokers? - answers:Four
FREC is NOT required to? - answers:Issue a Florida sales associate's real estate license
