Real Estate Exam Simulator
111 QUESTIONS AND ANSWERS
If a pending contract is terminated and both the seller and the buyer claim that
they should receive the deposit, what is the first thing that the broker should do?
Notify FREC within 15 days.
In the cost depreciation approach to value, all of the following cost estimating
methods are available to help estimate the building reproduction cost,
EXCEPT?
Replacement cost method.
Prior to the signing of a real estate sales contract or rental agreement, what does
the Florida Legislature require?
A definition of radon gas must be disclosed.
Karl passed the sales associate pre-license course on July 4, 2022. when will his
education expire if he has not passed the state test?
July 4, 2024
Which of the following best defines the mortgagee?
Lends the money.
Gary has been licensed as a real estate sales associate for seven years but forgot
to renew his license fourteen months ago. In order to bring his license current,
what must he do?
, He must complete one 28-hour commission prescribed reactivation course and
pay the renewal and late fee.
Why was the Florida Real Estate Commission (FREC, or the Commission
created?
To administer and enforce the law.
Bob`s office has a single agency relationship with Janet for the sale of her
home. Steven comes to Bob`s office wanting to be represented by Bob`s office
to buy Janet`s house. What can Bob`s office do to represent both Janet and
Steven in the transaction?
They must get a Consent to Transition to Transaction Broker form signed by
Janet and then represent both parties as a transaction broker.
Which of the following actions would be used to terminate an offer?
Rejection
A buyer has been looking for a home with Jonathon who is a real estate sales
associate. When the buyer finds a property that is of interest, they ask Jonathon
if the seller`s title is clear. What should Jonathon do?
Tell the buyer to have an attorney check the title or get title insurance.
When appraising a vacant lot, the appraisal approach carrying the most weight
in the appraiser`s final decision would be which of the following approaches?
Sales comparison approach.
The Florida Real Estate Commission held a meeting for the purpose of passing
a new rule. This is an exercise of which Commission power?
Quasi-legislative
Johnson, Brown & Clark form a partnership by oral agreement. Brown & Clark
buy a piece of real estate and sign a contract under the partnership name. Who is
liable?
Johnson, Brown & Clark
111 QUESTIONS AND ANSWERS
If a pending contract is terminated and both the seller and the buyer claim that
they should receive the deposit, what is the first thing that the broker should do?
Notify FREC within 15 days.
In the cost depreciation approach to value, all of the following cost estimating
methods are available to help estimate the building reproduction cost,
EXCEPT?
Replacement cost method.
Prior to the signing of a real estate sales contract or rental agreement, what does
the Florida Legislature require?
A definition of radon gas must be disclosed.
Karl passed the sales associate pre-license course on July 4, 2022. when will his
education expire if he has not passed the state test?
July 4, 2024
Which of the following best defines the mortgagee?
Lends the money.
Gary has been licensed as a real estate sales associate for seven years but forgot
to renew his license fourteen months ago. In order to bring his license current,
what must he do?
, He must complete one 28-hour commission prescribed reactivation course and
pay the renewal and late fee.
Why was the Florida Real Estate Commission (FREC, or the Commission
created?
To administer and enforce the law.
Bob`s office has a single agency relationship with Janet for the sale of her
home. Steven comes to Bob`s office wanting to be represented by Bob`s office
to buy Janet`s house. What can Bob`s office do to represent both Janet and
Steven in the transaction?
They must get a Consent to Transition to Transaction Broker form signed by
Janet and then represent both parties as a transaction broker.
Which of the following actions would be used to terminate an offer?
Rejection
A buyer has been looking for a home with Jonathon who is a real estate sales
associate. When the buyer finds a property that is of interest, they ask Jonathon
if the seller`s title is clear. What should Jonathon do?
Tell the buyer to have an attorney check the title or get title insurance.
When appraising a vacant lot, the appraisal approach carrying the most weight
in the appraiser`s final decision would be which of the following approaches?
Sales comparison approach.
The Florida Real Estate Commission held a meeting for the purpose of passing
a new rule. This is an exercise of which Commission power?
Quasi-legislative
Johnson, Brown & Clark form a partnership by oral agreement. Brown & Clark
buy a piece of real estate and sign a contract under the partnership name. Who is
liable?
Johnson, Brown & Clark
