STATE EXAM FLORIDA REAL ESTATE
Correct 100%
1. Property management in the real estate business has gained popularity and
importance due to - ANSWER the growth in absentee ownership.
2. A licensee may substitute attendance at one legal agenda session of the FREC for -
ANSWER three hours of continuing education credit.
3. Since performing a broker price opinion or comparative market analysis constitutes
real estate brokerage activity, the compensation collected in connection with that activity
must be paid to the - ANSWER sales associate's Broker/brokerage.
4.Sales associates who fail to complete the post-licensing education requirement after
24 months and want to continue in the real estate business are required to requalify for
licensure by - ANSWER repeating the pre-licensure class, passing the end-of-course
examination, and passing the state licensure examination.
5.After completing the post-licensing education during the initial license period,
licensees must complete - ANSWER at least 14 hours of continuing education during
every 2-year license period for active and inactive licensees.
6. Prior to Owner's death, she named her friend, Jenny, as the personal representative
of her estate. To take an active part in the sale of Owner's real estate, Jenny is -
ANSWER not required to obtain a real estate license.
7. An unlicensed personal assistant may be at an open house and can - ANSWER hand
out materials.
8. Of the seven total members of the FREC, two must be - ANSWER never licensed as
real estate sales associates or broker.
9. The law that establishes the legal rights and responsibilities of real estate licensees is
- ANSWER Florida Statute Chapter 475
10. A licensed real estate broker has a listing with an asking price $80,000. A prospect
makes an oral offer of $78,000. A second prospect aware of the first oral offer, offers
$82,000. Broker, without consulting owner, prepares a written contract for only the
$82,000 offer and submits it to owner. Which of these is a correct statement? -
ANSWER Broker should have submitted both offers to Owner.
11. From a legal standpoint, when the buyer is a real estate broker's principal, the sales
associates in the broker's office are - ANSWER also legally bound by the broker's
agency obligations.
, 12.The No Brokerage Relationship notice must be disclosed - ANSWER in writing
before the showing of property.
13. A licensed real estate sales associate in the employ of a broker has - ANSWER the
same obligations to the broker's clients and customers as the broker.
14.A broker entered into a listing contract with the seller of a house and became the
single agent of the seller. A potential buyer wants to see the seller's house and wishes
to have representation by the broker as well. The broker must - ANSWER have the
seller sign a Transition to Transaction Broker form before showing the house to the
buyer.
15. A broker receives a listing on a home he knows to be perfect for his best friend. The
home is being sold because of a divorce, and the broker knows the owners will accept a
substantially lower bid then the listed price. The broker should tell his best friend -
ANSWER nothing, but present to Owner any offer that his friend wishes to make.
16. A sales associate leaves Realty Company to work for Realty, Inc. Before leaving,
the sales associate takes the original copies of listing contracts that he secured for
Realty company. The sales associate is - ANSWER subject to a charge of larceny.
25.Advertisements that fail to disclose the license name of the brokerage firm are called
- ANSWER blind advertisements.
26. A sales associate has an argument with his broker and immediately goes to work for
another broker. Which of these is a correct statement? - ANSWER The sales associate
must be registered with FREC under the new broker before working there.
27. A licensee has been confined in a State Penitentiary as a result of activities not
associated with his real estate business. His license may be - ANSWER effective until
time for renewal.
28. When Haley, the landlord for 5604 Wagon Wheel Street, receives money given as a
security deposit she may deposit the funds in one of three ways. Which is the
INCORRECT way to deposit the security deposit? - ANSWER hold the money in any
bank, credit union or savings and loans institution located in any of the 50 states and
may not commingle
29. After receiving written notification from the landlord, intending to impose a claim for
damages upon the security deposit of tenant, how many days does the tenant have to
object in writing to the deduction from the security deposit? - ANSWER 15
30. What should a licensee do when his principal, an owner of subdivision lots, directs
that he not shows the lots to person of a particular sex, race, or region? - ANSWER
withdraw and refuse to deal with the owner
Correct 100%
1. Property management in the real estate business has gained popularity and
importance due to - ANSWER the growth in absentee ownership.
2. A licensee may substitute attendance at one legal agenda session of the FREC for -
ANSWER three hours of continuing education credit.
3. Since performing a broker price opinion or comparative market analysis constitutes
real estate brokerage activity, the compensation collected in connection with that activity
must be paid to the - ANSWER sales associate's Broker/brokerage.
4.Sales associates who fail to complete the post-licensing education requirement after
24 months and want to continue in the real estate business are required to requalify for
licensure by - ANSWER repeating the pre-licensure class, passing the end-of-course
examination, and passing the state licensure examination.
5.After completing the post-licensing education during the initial license period,
licensees must complete - ANSWER at least 14 hours of continuing education during
every 2-year license period for active and inactive licensees.
6. Prior to Owner's death, she named her friend, Jenny, as the personal representative
of her estate. To take an active part in the sale of Owner's real estate, Jenny is -
ANSWER not required to obtain a real estate license.
7. An unlicensed personal assistant may be at an open house and can - ANSWER hand
out materials.
8. Of the seven total members of the FREC, two must be - ANSWER never licensed as
real estate sales associates or broker.
9. The law that establishes the legal rights and responsibilities of real estate licensees is
- ANSWER Florida Statute Chapter 475
10. A licensed real estate broker has a listing with an asking price $80,000. A prospect
makes an oral offer of $78,000. A second prospect aware of the first oral offer, offers
$82,000. Broker, without consulting owner, prepares a written contract for only the
$82,000 offer and submits it to owner. Which of these is a correct statement? -
ANSWER Broker should have submitted both offers to Owner.
11. From a legal standpoint, when the buyer is a real estate broker's principal, the sales
associates in the broker's office are - ANSWER also legally bound by the broker's
agency obligations.
, 12.The No Brokerage Relationship notice must be disclosed - ANSWER in writing
before the showing of property.
13. A licensed real estate sales associate in the employ of a broker has - ANSWER the
same obligations to the broker's clients and customers as the broker.
14.A broker entered into a listing contract with the seller of a house and became the
single agent of the seller. A potential buyer wants to see the seller's house and wishes
to have representation by the broker as well. The broker must - ANSWER have the
seller sign a Transition to Transaction Broker form before showing the house to the
buyer.
15. A broker receives a listing on a home he knows to be perfect for his best friend. The
home is being sold because of a divorce, and the broker knows the owners will accept a
substantially lower bid then the listed price. The broker should tell his best friend -
ANSWER nothing, but present to Owner any offer that his friend wishes to make.
16. A sales associate leaves Realty Company to work for Realty, Inc. Before leaving,
the sales associate takes the original copies of listing contracts that he secured for
Realty company. The sales associate is - ANSWER subject to a charge of larceny.
25.Advertisements that fail to disclose the license name of the brokerage firm are called
- ANSWER blind advertisements.
26. A sales associate has an argument with his broker and immediately goes to work for
another broker. Which of these is a correct statement? - ANSWER The sales associate
must be registered with FREC under the new broker before working there.
27. A licensee has been confined in a State Penitentiary as a result of activities not
associated with his real estate business. His license may be - ANSWER effective until
time for renewal.
28. When Haley, the landlord for 5604 Wagon Wheel Street, receives money given as a
security deposit she may deposit the funds in one of three ways. Which is the
INCORRECT way to deposit the security deposit? - ANSWER hold the money in any
bank, credit union or savings and loans institution located in any of the 50 states and
may not commingle
29. After receiving written notification from the landlord, intending to impose a claim for
damages upon the security deposit of tenant, how many days does the tenant have to
object in writing to the deduction from the security deposit? - ANSWER 15
30. What should a licensee do when his principal, an owner of subdivision lots, directs
that he not shows the lots to person of a particular sex, race, or region? - ANSWER
withdraw and refuse to deal with the owner
