FLORIDA REAL ESTATE U FINAL EXAM QUESTIONS 100%
CORRECTLY SOLVED ANSWERS.(100% PASS)
An appraisal can be completed by which of the following?
_ _ _ _ _ _ _ _ _
A) A home inspector
_ _
B) A real estate broker
_ _ _
C) A licensed appraiser using USPAP standards
_ _ _ _ _
D) A mortgage loan originator -- Correct Answer ✔✔ A licensed appraiser using
_ _ _ _ _ _ _ _ _ _ _ _
USPAP standards _
What is a BPO?
_ _ _
A) Broker Price Opinion _ _
B) Best Practice Organization
_ _
C) Best Prospective Offer
_ _
D) Beyond Present Opportunities -- Correct Answer ✔✔ Broker Price Opinion
_ _ _ _ _ _ _ _ _
Which of the following is incorrect?
_ _ _ _ _
A) Farming methods include Direct Mail and Just Listed Post Cards.
_ _ _ _ _ _ _ _ _
B) Farming only involves raising crops, fish or animals.
_ _ _ _ _ _ _
C) Farming is a great way for a licensee to introduce themselves.
_ _ _ _ _ _ _ _ _ _
D) Farming involves concentrating business efforts in a particular geographical area.
_ _ _ _ _ _ _ _ _ _
-- Correct Answer ✔✔ Farming only involves raising crops, fish or animals.
_ _ _ _ _ _ _ _ _ _ _
Which of the following is NOT considered a major real estate licensee sales specialty?
_ _ _ _ _ _ _ _ _ _ _ _ _
A) Agricultural
B) Cemetery Plots _
C) Commercial
D) Residential -- Correct Answer ✔✔ Cemetery Plots _ _ _ _ _ _
,What is a home built from blueprints supplied by the buyer is called?
_ _ _ _ _ _ _ _ _ _ _ _
A) An architectural original
_ _
B) A spec home _ _
C) A tract home_ _
D) A custom home -- Correct Answer ✔✔ A custom home
_ _ _ _ _ _ _ _ _
MLS is an acronym for which of the following?
_ _ _ _ _ _ _ _
A) Multiple Land Syndication _ _
B) Major Lending Service _ _
C) Multiple Lender Sources _ _
D) Multiple Listing System -- Correct Answer ✔✔ Multiple Listing System
_ _ _ _ _ _ _ _ _
Why is there a high demand for property managers in Florida?
_ _ _ _ _ _ _ _ _ _
A) Cruise ships _
B) Absentee owners _
C) Gated communities _
D) High temperatures -- Correct Answer ✔✔ Absentee owners
_ _ _ _ _ _ _
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?
_ _ _ _ _ _ _ _ _ _ _ _ _ _
A) Cooperative
B) Real estate brokerage
_ _
C) MLS
D) Management company -- Correct Answer ✔✔ Real estate brokerage _ _ _ _ _ _ _ _
What is dedication?
_ _
A) Giving up private land for public use _ _ _ _ _ _
B) Donating a building to a private school _ _ _ _ _ _
C) Putting other people's priorities above your own
_ _ _ _ _ _
, D) The motto of the health service -- Correct Answer ✔✔ Giving up private land
_ _ _ _ _ _ _ _ _ _ _ _ _ _
for public use _ _
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?
_ _ _ _ _
A) Sales Associate _
B) Broker
C) Appraiser
D) Underwriter -- Correct Answer ✔✔ Appraiser _ _ _ _ _
Which Organization approves the Sales Associate and Broker License Applications?
_ _ _ _ _ _ _ _ _
A) Fannie Mae _
B) NAR
C) DBPR
D) FREC -- Correct Answer ✔✔ DBPR _ _ _ _ _
A Licensee from another State may be able to get a FL license without undergoing pre-
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
licensing education through which of the following?
_ _ _ _ _ _
A) Being a REALTOR® _ _
B) Mutual Recognition _
C) Buying a home in Florida _ _ _ _
D) RESPA -- Correct Answer ✔✔ Mutual Recognition
_ _ _ _ _ _
When should Fingerprints be submitted?
_ _ _ _
A) Fingerprints are not required _ _ _
B) Before enrolling in pre-licensing courses
_ _ _ _
C) As soon as an application has been submitted to DBPR
_ _ _ _ _ _ _ _ _
D) After passing the State Exam -- Correct Answer ✔✔ As soon as an application
_ _ _ _ _ _ _ _ _ _ _ _ _ _
has been submitted to DBPR
_ _ _ _
What is a newly licensed person working for a broker known as?
_ _ _ _ _ _ _ _ _ _ _
, A) A Sales Associate
_ _
B) An Appraiser _
C) A Home Inspector
_ _
D) An Unlicensed Assistant -- Correct Answer ✔✔ A Sales Associate
_ _ _ _ _ _ _ _ _
Which of the following is correct?
_ _ _ _ _
A) The Post Licensing education requirement for a Sales Associate is 14 hours
_ _ _ _ _ _ _ _ _ _ _
B) The pre-licensing education requirement for a Sales Associate is 60 hours
_ _ _ _ _ _ _ _ _ _
C) The pre-licensing education requirement for a Broker is 72 hours
_ _ _ _ _ _ _ _ _
D) Brokers do not need to do any Post Licensing Education -- Correct Answer
_ _ _ _ _ _ _ _ _ _ _ _ _
✔✔ The pre-licensing education requirement for a Broker is 72 hours
_ _ _ _ _ _ _ _ _ _
Which of the following is regarded as unlicensed activity?
_ _ _ _ _ _ _ _
A) Marketing to FSBO's _ _
B) Attending another Sales Associate's Open House _ _ _ _ _
C) Showing property without having a signed Buyer Representation Agreement
_ _ _ _ _ _ _ _
D) Giving an opinion on a Title -- Correct Answer ✔✔ Giving an opinion on a Title
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
What is the minimum education requirement for an applicant?
_ _ _ _ _ _ _ _
A) MBA
B) PHD
C) There is no minimum requirement _ _ _ _
D) High school diploma or equivalent -- Correct Answer ✔✔ High school diploma
_ _ _ _ _ _ _ _ _ _ _ _
or equivalent
_
What is the difference between a Broker Associate and a Broker?
_ _ _ _ _ _ _ _ _ _
A) Broker Associate is studying real estate under the guidance of the Broker
_ _ _ _ _ _ _ _ _ _ _
B) Broker Associate has passed the Broker exam but chooses to work for a
_ _ _ _ _ _ _ _ _ _ _ _ _
Broker
C) Broker Associate is the Broker's unlicensed Assistant
_ _ _ _ _ _
CORRECTLY SOLVED ANSWERS.(100% PASS)
An appraisal can be completed by which of the following?
_ _ _ _ _ _ _ _ _
A) A home inspector
_ _
B) A real estate broker
_ _ _
C) A licensed appraiser using USPAP standards
_ _ _ _ _
D) A mortgage loan originator -- Correct Answer ✔✔ A licensed appraiser using
_ _ _ _ _ _ _ _ _ _ _ _
USPAP standards _
What is a BPO?
_ _ _
A) Broker Price Opinion _ _
B) Best Practice Organization
_ _
C) Best Prospective Offer
_ _
D) Beyond Present Opportunities -- Correct Answer ✔✔ Broker Price Opinion
_ _ _ _ _ _ _ _ _
Which of the following is incorrect?
_ _ _ _ _
A) Farming methods include Direct Mail and Just Listed Post Cards.
_ _ _ _ _ _ _ _ _
B) Farming only involves raising crops, fish or animals.
_ _ _ _ _ _ _
C) Farming is a great way for a licensee to introduce themselves.
_ _ _ _ _ _ _ _ _ _
D) Farming involves concentrating business efforts in a particular geographical area.
_ _ _ _ _ _ _ _ _ _
-- Correct Answer ✔✔ Farming only involves raising crops, fish or animals.
_ _ _ _ _ _ _ _ _ _ _
Which of the following is NOT considered a major real estate licensee sales specialty?
_ _ _ _ _ _ _ _ _ _ _ _ _
A) Agricultural
B) Cemetery Plots _
C) Commercial
D) Residential -- Correct Answer ✔✔ Cemetery Plots _ _ _ _ _ _
,What is a home built from blueprints supplied by the buyer is called?
_ _ _ _ _ _ _ _ _ _ _ _
A) An architectural original
_ _
B) A spec home _ _
C) A tract home_ _
D) A custom home -- Correct Answer ✔✔ A custom home
_ _ _ _ _ _ _ _ _
MLS is an acronym for which of the following?
_ _ _ _ _ _ _ _
A) Multiple Land Syndication _ _
B) Major Lending Service _ _
C) Multiple Lender Sources _ _
D) Multiple Listing System -- Correct Answer ✔✔ Multiple Listing System
_ _ _ _ _ _ _ _ _
Why is there a high demand for property managers in Florida?
_ _ _ _ _ _ _ _ _ _
A) Cruise ships _
B) Absentee owners _
C) Gated communities _
D) High temperatures -- Correct Answer ✔✔ Absentee owners
_ _ _ _ _ _ _
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?
_ _ _ _ _ _ _ _ _ _ _ _ _ _
A) Cooperative
B) Real estate brokerage
_ _
C) MLS
D) Management company -- Correct Answer ✔✔ Real estate brokerage _ _ _ _ _ _ _ _
What is dedication?
_ _
A) Giving up private land for public use _ _ _ _ _ _
B) Donating a building to a private school _ _ _ _ _ _
C) Putting other people's priorities above your own
_ _ _ _ _ _
, D) The motto of the health service -- Correct Answer ✔✔ Giving up private land
_ _ _ _ _ _ _ _ _ _ _ _ _ _
for public use _ _
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?
_ _ _ _ _
A) Sales Associate _
B) Broker
C) Appraiser
D) Underwriter -- Correct Answer ✔✔ Appraiser _ _ _ _ _
Which Organization approves the Sales Associate and Broker License Applications?
_ _ _ _ _ _ _ _ _
A) Fannie Mae _
B) NAR
C) DBPR
D) FREC -- Correct Answer ✔✔ DBPR _ _ _ _ _
A Licensee from another State may be able to get a FL license without undergoing pre-
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
licensing education through which of the following?
_ _ _ _ _ _
A) Being a REALTOR® _ _
B) Mutual Recognition _
C) Buying a home in Florida _ _ _ _
D) RESPA -- Correct Answer ✔✔ Mutual Recognition
_ _ _ _ _ _
When should Fingerprints be submitted?
_ _ _ _
A) Fingerprints are not required _ _ _
B) Before enrolling in pre-licensing courses
_ _ _ _
C) As soon as an application has been submitted to DBPR
_ _ _ _ _ _ _ _ _
D) After passing the State Exam -- Correct Answer ✔✔ As soon as an application
_ _ _ _ _ _ _ _ _ _ _ _ _ _
has been submitted to DBPR
_ _ _ _
What is a newly licensed person working for a broker known as?
_ _ _ _ _ _ _ _ _ _ _
, A) A Sales Associate
_ _
B) An Appraiser _
C) A Home Inspector
_ _
D) An Unlicensed Assistant -- Correct Answer ✔✔ A Sales Associate
_ _ _ _ _ _ _ _ _
Which of the following is correct?
_ _ _ _ _
A) The Post Licensing education requirement for a Sales Associate is 14 hours
_ _ _ _ _ _ _ _ _ _ _
B) The pre-licensing education requirement for a Sales Associate is 60 hours
_ _ _ _ _ _ _ _ _ _
C) The pre-licensing education requirement for a Broker is 72 hours
_ _ _ _ _ _ _ _ _
D) Brokers do not need to do any Post Licensing Education -- Correct Answer
_ _ _ _ _ _ _ _ _ _ _ _ _
✔✔ The pre-licensing education requirement for a Broker is 72 hours
_ _ _ _ _ _ _ _ _ _
Which of the following is regarded as unlicensed activity?
_ _ _ _ _ _ _ _
A) Marketing to FSBO's _ _
B) Attending another Sales Associate's Open House _ _ _ _ _
C) Showing property without having a signed Buyer Representation Agreement
_ _ _ _ _ _ _ _
D) Giving an opinion on a Title -- Correct Answer ✔✔ Giving an opinion on a Title
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
What is the minimum education requirement for an applicant?
_ _ _ _ _ _ _ _
A) MBA
B) PHD
C) There is no minimum requirement _ _ _ _
D) High school diploma or equivalent -- Correct Answer ✔✔ High school diploma
_ _ _ _ _ _ _ _ _ _ _ _
or equivalent
_
What is the difference between a Broker Associate and a Broker?
_ _ _ _ _ _ _ _ _ _
A) Broker Associate is studying real estate under the guidance of the Broker
_ _ _ _ _ _ _ _ _ _ _
B) Broker Associate has passed the Broker exam but chooses to work for a
_ _ _ _ _ _ _ _ _ _ _ _ _
Broker
C) Broker Associate is the Broker's unlicensed Assistant
_ _ _ _ _ _
