©SIRJOEL EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
Florida Real Estate License Exam Study
Guide.
Client specialization - Answers✔working exclusively with buyers or sellers
property type specialization - Answers✔residential, commercial, agricultural, etc
type of transaction specialization - Answers✔sales agent, leasing agent, short sales buyer or
seller, REO specialist, property manager, etc
geographical area specialization - Answers✔a neighborhood specialist, for example
type of relationship specialization - Answers✔a fee based consultant vs. a commission based
agent vs a full time salaried employee
a real estate agent works exclusively with buyers. they have chosen a specialization that focuses
on the - Answers✔client
residential homeowner specialization - Answers✔sells primary residences to homeowners
residential investment specialization - Answers✔sells residential property to investors
commercial sales specialization - Answers✔sells commercial property to investors, including
offices, industrial space, PUDs, and retail
1|Page
, ©SIRJOEL EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
commercial leasing specialization - Answers✔leases commercial property to tenants, including
offices, industrial space, PUDs, and retial
property manager specialization - Answers✔leases and manages residential investment
properties on behalf of the owner for a fee
agricultural specialization - Answers✔sells farm land and other agricultural properties
unimproved land specialization - Answers✔sells unimproved land to investors or subdividers
residential leasing/apartment broker specialization - Answers✔leases residential properties for
landlords or helps residential tenants find homes to rent
foreclosure/short sales/reo specialist specialization - Answers✔sells distressed properties in
short sales or helps buy distresses properties in short sales or at foreclosure auctions
sellers market - Answers✔in favor of the seller, try not to pay too much above the listing price
buyers market - Answers✔in favor of the buyer; sales price are more negotiable for buyers; gets
better deal on the price
real estate brokerage - Answers✔businesses of overseeing, consummating, and completing real
estate transactions and business by brining together the parties to a transaction
brokerage - Answers✔the physical building where brokers and their sales associates often work
broker - Answers✔can also refer to the actions taken to fulfill a real estate transaction
2|Page
, ©SIRJOEL EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
aparna is working with single family residences, vacation properties, and multi-family
residences. she likely specializes in: - Answers✔residential property
Alberto is a sales associate who is very interested in revenue and profit. a specialization that
may serve his interest well is: - Answers✔commercial property
co-op category - Answers✔residential
farm area - Answers✔a specific area a real estate associate chooses to specialize and become
an expert in
which dictates what is considered acceptable at a higher level - Answers✔ethics
florida has many miles of coastal property. the state helps regulate and protect this coastal
property, along with taking a large part of the responsibility of regulating - Answers✔the
recording of property conveyance
MLS - Answers✔multiple listing service; is a database in which local member brokers share
listings so other brokers can easily find buyers for those properties and establish compensation
expectations for properties sold jointly
realtor - Answers✔an individual who has their real estate license and joins a local board of
Realtors such as the National Association of Realtors
the golden rule which the code of ethics is based on - Answers✔treat others the way you wish
to be treated
3|Page
, ©SIRJOEL EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
NAR code of ethics - Answers✔- competency, fairness, integrity
- competency
- fairness
- integrity
property management - Answers✔is the vocation of renting or leasing someone else's real
property on their behalf in exchange for compensation and in accordance with a property
management employee contract
absentee owner - Answers✔is a property owner who does not occupy the property in question
and therefore often utilizes a property manager's services
property managers - Answers✔have responsibilities buy their most important responsibility is
to realize the highest return possible on the owner's investment
miguel owns a beautiful property in Fort Lauderdale. As beautiful as it is, he doesn't live there.
Miguel is a(n) - Answers✔absentee owner
CAM - Answers✔community association manager; need a CAM license if license holder is
managing one of these types of properties, and if that property has eleven or more units and an
annual budget over $100,000 they need a CAM license
- mobil home parks
- planned unit developments (PUDs)
4|Page
ALL RIGHTS RESERVED.
Florida Real Estate License Exam Study
Guide.
Client specialization - Answers✔working exclusively with buyers or sellers
property type specialization - Answers✔residential, commercial, agricultural, etc
type of transaction specialization - Answers✔sales agent, leasing agent, short sales buyer or
seller, REO specialist, property manager, etc
geographical area specialization - Answers✔a neighborhood specialist, for example
type of relationship specialization - Answers✔a fee based consultant vs. a commission based
agent vs a full time salaried employee
a real estate agent works exclusively with buyers. they have chosen a specialization that focuses
on the - Answers✔client
residential homeowner specialization - Answers✔sells primary residences to homeowners
residential investment specialization - Answers✔sells residential property to investors
commercial sales specialization - Answers✔sells commercial property to investors, including
offices, industrial space, PUDs, and retail
1|Page
, ©SIRJOEL EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
commercial leasing specialization - Answers✔leases commercial property to tenants, including
offices, industrial space, PUDs, and retial
property manager specialization - Answers✔leases and manages residential investment
properties on behalf of the owner for a fee
agricultural specialization - Answers✔sells farm land and other agricultural properties
unimproved land specialization - Answers✔sells unimproved land to investors or subdividers
residential leasing/apartment broker specialization - Answers✔leases residential properties for
landlords or helps residential tenants find homes to rent
foreclosure/short sales/reo specialist specialization - Answers✔sells distressed properties in
short sales or helps buy distresses properties in short sales or at foreclosure auctions
sellers market - Answers✔in favor of the seller, try not to pay too much above the listing price
buyers market - Answers✔in favor of the buyer; sales price are more negotiable for buyers; gets
better deal on the price
real estate brokerage - Answers✔businesses of overseeing, consummating, and completing real
estate transactions and business by brining together the parties to a transaction
brokerage - Answers✔the physical building where brokers and their sales associates often work
broker - Answers✔can also refer to the actions taken to fulfill a real estate transaction
2|Page
, ©SIRJOEL EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
aparna is working with single family residences, vacation properties, and multi-family
residences. she likely specializes in: - Answers✔residential property
Alberto is a sales associate who is very interested in revenue and profit. a specialization that
may serve his interest well is: - Answers✔commercial property
co-op category - Answers✔residential
farm area - Answers✔a specific area a real estate associate chooses to specialize and become
an expert in
which dictates what is considered acceptable at a higher level - Answers✔ethics
florida has many miles of coastal property. the state helps regulate and protect this coastal
property, along with taking a large part of the responsibility of regulating - Answers✔the
recording of property conveyance
MLS - Answers✔multiple listing service; is a database in which local member brokers share
listings so other brokers can easily find buyers for those properties and establish compensation
expectations for properties sold jointly
realtor - Answers✔an individual who has their real estate license and joins a local board of
Realtors such as the National Association of Realtors
the golden rule which the code of ethics is based on - Answers✔treat others the way you wish
to be treated
3|Page
, ©SIRJOEL EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
NAR code of ethics - Answers✔- competency, fairness, integrity
- competency
- fairness
- integrity
property management - Answers✔is the vocation of renting or leasing someone else's real
property on their behalf in exchange for compensation and in accordance with a property
management employee contract
absentee owner - Answers✔is a property owner who does not occupy the property in question
and therefore often utilizes a property manager's services
property managers - Answers✔have responsibilities buy their most important responsibility is
to realize the highest return possible on the owner's investment
miguel owns a beautiful property in Fort Lauderdale. As beautiful as it is, he doesn't live there.
Miguel is a(n) - Answers✔absentee owner
CAM - Answers✔community association manager; need a CAM license if license holder is
managing one of these types of properties, and if that property has eleven or more units and an
annual budget over $100,000 they need a CAM license
- mobil home parks
- planned unit developments (PUDs)
4|Page
