1
Florida Real Estate Exam Questions
and Correct Detailed Answers
(Verified Answers)
Q: Owners that buy income properties as investments and
depend on professionals to manage them
Ans: Absentee Owners
Q: a Value estimated based on resent sales of similar properties
in the same neighborhood, not an appraisal
Ans: CMA -Comparative Market Analysis...
Q: A contractor is employed by an owner of land to build on that
land to the owner's specifications
Ans: Custom Building
Q: When a contractor builds on his own land with the hope of
locating a purchaser after construction has been completed
Master01 | 2025/2026 | Latest update
, 2
Ans: Speculative building
Q: A developer that acquires a large that aquires a large tract of
land and builds a model center from which sales may be made
Ans: tract building
Q: Property management has grown as a service of real estate
primarily bc of an increase of _______ _________
Ans: Absentee Ownership
Q: The category of construction that applies when a property
owner employs a contractor to build on his or her lot is
called________ ___________
Ans: Custom Building
Q: A Real Estate appraiser's fee for professional service is based
on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
Master01 | 2025/2026 | Latest update
, 3
c. the time and difficulty of the appraisal
d. a percentage of property's sales
Ans: C. the time and difficulty of the appraisal
Q: A developer contracts to build a home on a buyer's lot to the
buyer's specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision
Ans: b. custom
Q: A Florida Real Estate lisence is required when anyone
performs a service is specified under
F.S. 475 when all the following conditions are simultaneously
present, unless that individual is otherwise exempt under the law:
Master01 | 2025/2026 | Latest update
, 4
Ans: 1. Preforming a service of real estate
2. In the state of Florida
3. For another
4. For compensation
Q: _________ has been defined to include anything or any
service of Value paid, recieved or expected to be paid or recieved.
Ans: Compensation
Q: The postlicense educational course for sales associate consists
of ________ hours
Ans: 45
Q: The continuing education requirement consists of ______
hours
Ans: 14
Q: Florida Real estate sales associates that desire to become
brokers must wait _______ ________ before taking the state exam.
Master01 | 2025/2026 | Latest update
Florida Real Estate Exam Questions
and Correct Detailed Answers
(Verified Answers)
Q: Owners that buy income properties as investments and
depend on professionals to manage them
Ans: Absentee Owners
Q: a Value estimated based on resent sales of similar properties
in the same neighborhood, not an appraisal
Ans: CMA -Comparative Market Analysis...
Q: A contractor is employed by an owner of land to build on that
land to the owner's specifications
Ans: Custom Building
Q: When a contractor builds on his own land with the hope of
locating a purchaser after construction has been completed
Master01 | 2025/2026 | Latest update
, 2
Ans: Speculative building
Q: A developer that acquires a large that aquires a large tract of
land and builds a model center from which sales may be made
Ans: tract building
Q: Property management has grown as a service of real estate
primarily bc of an increase of _______ _________
Ans: Absentee Ownership
Q: The category of construction that applies when a property
owner employs a contractor to build on his or her lot is
called________ ___________
Ans: Custom Building
Q: A Real Estate appraiser's fee for professional service is based
on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
Master01 | 2025/2026 | Latest update
, 3
c. the time and difficulty of the appraisal
d. a percentage of property's sales
Ans: C. the time and difficulty of the appraisal
Q: A developer contracts to build a home on a buyer's lot to the
buyer's specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision
Ans: b. custom
Q: A Florida Real Estate lisence is required when anyone
performs a service is specified under
F.S. 475 when all the following conditions are simultaneously
present, unless that individual is otherwise exempt under the law:
Master01 | 2025/2026 | Latest update
, 4
Ans: 1. Preforming a service of real estate
2. In the state of Florida
3. For another
4. For compensation
Q: _________ has been defined to include anything or any
service of Value paid, recieved or expected to be paid or recieved.
Ans: Compensation
Q: The postlicense educational course for sales associate consists
of ________ hours
Ans: 45
Q: The continuing education requirement consists of ______
hours
Ans: 14
Q: Florida Real estate sales associates that desire to become
brokers must wait _______ ________ before taking the state exam.
Master01 | 2025/2026 | Latest update
