Florida Real Estate Exam
Study online at https://quizlet.com/_1lb5w
1. Owners that buy income properties as investments Absentee Owners
and depend on professionals to manage them
2. a Value estimated based on resent sales of similar CMA -Comparative Market
properties in the same neighborhood, not an ap- Analysis...
praisal
3. A contractor is employed by an owner of land to build Custom Building
on that land to the owner's specifications
4. When a contractor builds on his own land with the Speculative building
hope of locating a purchaser after construction has
been completed
5. A developer that acquires a large that aquires a large tract building
tract of land and builds a model center from which
sales may be made
6. Property management has grown as a service of real Absentee Ownership
estate primarily bc of an increase of _______ _________
7. The category of construction that applies when a Custom Building
property owner employs a contractor to build on his
or her lot is called________ ___________
8. A Real Estate appraiser's fee for professional service C. the time and difficulty of
is based on: the appraisal
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales
9. b. custom
, Florida Real Estate Exam
Study online at https://quizlet.com/_1lb5w
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
10. A Florida Real Estate lisence is required when anyone 1. Preforming a service of
performs a service is specified under real estate
F.S. 475 when all the following conditions are simul- 2. In the state of Florida
taneously present, unless that individual is otherwise 3. For another
exempt under the law: 4. For compensation
11. _________ has been defined to include anything or any Compensation
service of Value paid, recieved or expected to be paid
or recieved.
12. The postlicense educational course for sales associ- 45
ate consists of ________ hours
13. The continuing education requirement consists of 14
______ hours
14. Florida Real estate sales associates that desire to be- one year
come brokers must wait _______ ________ before taking
the state exam.
15. A tenant in an apartment complex may recieve up $50
to ______ for refferal of a new tenant for the same
complex.
16. Post Licensing
, Florida Real Estate Exam
Study online at https://quizlet.com/_1lb5w
________ ________ education must be completed during
the initial sales associates's license period.
17. Owner-employers of licensed real estate sales associ- d. a commission or salary
ates are allowed to pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary
18. To qualify for a real estate broker's license, an appli- c. 12 months under 1 or
cant must have been employed for a minimum of: more actively licensed bro-
a. 6 months under one actively licensed broker kers
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed bro-
kers
d. 6 months under 1 or more actively lisenced broker
19. How many hours of postlicense education are re- 60 hours
quired to renew a brokers license?
20. How long can an voluntary inactive licencee remain indefinately
in that lisence status?
21. The agreement the state of Florida has w/ some other b. mutual recognition
states that recognises the similarity in education and
experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing
Study online at https://quizlet.com/_1lb5w
1. Owners that buy income properties as investments Absentee Owners
and depend on professionals to manage them
2. a Value estimated based on resent sales of similar CMA -Comparative Market
properties in the same neighborhood, not an ap- Analysis...
praisal
3. A contractor is employed by an owner of land to build Custom Building
on that land to the owner's specifications
4. When a contractor builds on his own land with the Speculative building
hope of locating a purchaser after construction has
been completed
5. A developer that acquires a large that aquires a large tract building
tract of land and builds a model center from which
sales may be made
6. Property management has grown as a service of real Absentee Ownership
estate primarily bc of an increase of _______ _________
7. The category of construction that applies when a Custom Building
property owner employs a contractor to build on his
or her lot is called________ ___________
8. A Real Estate appraiser's fee for professional service C. the time and difficulty of
is based on: the appraisal
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales
9. b. custom
, Florida Real Estate Exam
Study online at https://quizlet.com/_1lb5w
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
10. A Florida Real Estate lisence is required when anyone 1. Preforming a service of
performs a service is specified under real estate
F.S. 475 when all the following conditions are simul- 2. In the state of Florida
taneously present, unless that individual is otherwise 3. For another
exempt under the law: 4. For compensation
11. _________ has been defined to include anything or any Compensation
service of Value paid, recieved or expected to be paid
or recieved.
12. The postlicense educational course for sales associ- 45
ate consists of ________ hours
13. The continuing education requirement consists of 14
______ hours
14. Florida Real estate sales associates that desire to be- one year
come brokers must wait _______ ________ before taking
the state exam.
15. A tenant in an apartment complex may recieve up $50
to ______ for refferal of a new tenant for the same
complex.
16. Post Licensing
, Florida Real Estate Exam
Study online at https://quizlet.com/_1lb5w
________ ________ education must be completed during
the initial sales associates's license period.
17. Owner-employers of licensed real estate sales associ- d. a commission or salary
ates are allowed to pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary
18. To qualify for a real estate broker's license, an appli- c. 12 months under 1 or
cant must have been employed for a minimum of: more actively licensed bro-
a. 6 months under one actively licensed broker kers
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed bro-
kers
d. 6 months under 1 or more actively lisenced broker
19. How many hours of postlicense education are re- 60 hours
quired to renew a brokers license?
20. How long can an voluntary inactive licencee remain indefinately
in that lisence status?
21. The agreement the state of Florida has w/ some other b. mutual recognition
states that recognises the similarity in education and
experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing
