Florida Post License Questions and
Answers correctly upgraded
Farming - Answer Concentrating on one type of style of property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: - Answer - Duplex
- improved residential property of four units or fewer, including condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved property of four or fewer residential units
- dispositions of business interests for property of four or fewer residential units
absentee owners - Answer owners who buy income property as investments and depend on
professionals to manage them
All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be developed
and reported in conformity with the - Answer Uniform Standards of Professional Appraisal Practice
(USPAP)
The largest and most prestigious real estate organization in the world is ________. They work for
legislation enforce professional standards of conduct through its ________. - Answer 1. The National
Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is _________ - Answer The Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: - Answer 1. Duties to clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
, Required Skills for the Real estate professional are: - Answer 1. Valuation - Must be able to discern
important differences between properties and know ho to translate those differences into value. Must
be able to conduct a CMA.
2. Marketing - must have an understanding of the tools and technologies available to market a property.
3. Property Transfer - understand how to close a transaction
Mission Statement - Answer description of a desired outcome that excites, motivates, and helps you to
create a mental picture of your business goal.
Industrial Sales or Leasing - Answer include warehouses and manufacturing facilities. Industrial sales and
leasing generally involve user/owners, rather than investors.
The law that specifically regulates real estate licensees, schools, and appraisers is _________ - Answer
F.S. 475
The Range Of Penalties for disobeying FS 475 or 455 from lowest to highest is: - Answer Reprimand, fine,
probation, suspension, and revocation or denial.
Which is the maximum penalty for disobeying laws under FS 455 or FS 475 - Answer Revocation or
denial of license
If the licensee does not complete the 45 hour course before the expiration date of their first renewal,
the license becomes ____ - Answer void and the licensee will be out of business. (have to start over
everything)
When a sales associate changes employers, they must notify the Commission of the change no later
than ________ days after the change by using the form provided by the commission. - Answer 10
Advertisements may not be - Answer fraudulent, false, deceptive, or misleading.
Advertising false, inaccurate, misleading or exaggerated information could result in ____________ -
Answer the issuance of a citation and a fine of $500
Answers correctly upgraded
Farming - Answer Concentrating on one type of style of property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: - Answer - Duplex
- improved residential property of four units or fewer, including condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved property of four or fewer residential units
- dispositions of business interests for property of four or fewer residential units
absentee owners - Answer owners who buy income property as investments and depend on
professionals to manage them
All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be developed
and reported in conformity with the - Answer Uniform Standards of Professional Appraisal Practice
(USPAP)
The largest and most prestigious real estate organization in the world is ________. They work for
legislation enforce professional standards of conduct through its ________. - Answer 1. The National
Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is _________ - Answer The Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: - Answer 1. Duties to clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
, Required Skills for the Real estate professional are: - Answer 1. Valuation - Must be able to discern
important differences between properties and know ho to translate those differences into value. Must
be able to conduct a CMA.
2. Marketing - must have an understanding of the tools and technologies available to market a property.
3. Property Transfer - understand how to close a transaction
Mission Statement - Answer description of a desired outcome that excites, motivates, and helps you to
create a mental picture of your business goal.
Industrial Sales or Leasing - Answer include warehouses and manufacturing facilities. Industrial sales and
leasing generally involve user/owners, rather than investors.
The law that specifically regulates real estate licensees, schools, and appraisers is _________ - Answer
F.S. 475
The Range Of Penalties for disobeying FS 475 or 455 from lowest to highest is: - Answer Reprimand, fine,
probation, suspension, and revocation or denial.
Which is the maximum penalty for disobeying laws under FS 455 or FS 475 - Answer Revocation or
denial of license
If the licensee does not complete the 45 hour course before the expiration date of their first renewal,
the license becomes ____ - Answer void and the licensee will be out of business. (have to start over
everything)
When a sales associate changes employers, they must notify the Commission of the change no later
than ________ days after the change by using the form provided by the commission. - Answer 10
Advertisements may not be - Answer fraudulent, false, deceptive, or misleading.
Advertising false, inaccurate, misleading or exaggerated information could result in ____________ -
Answer the issuance of a citation and a fine of $500
