Review 2025/2026 Exam Questions and
Verified Answers | Already Graded A+
Real Estate Business - 🧠 ANSWER ✔✔Is composed of many
specialization's:
- (1)Details of Property Transfer
-Knowledge of:
(2)market conditions
(3)how to market real estate business
(4)how to analyze buyers needs
(5)laws that pertain to real estate
Real Estate Brokerage - 🧠 ANSWER ✔✔Is the bringing together of buyers
and sellers, owners and renters and completing real estate transactions.
,***How can a agent maintain good standing with clients? (After title
closing)*** - 🧠 ANSWER ✔✔***Follow Up. This will result in a good
reputation and FUTURE REFERRALS and word-of-mouth advertising.***
What are the 5 major sales specialties? (Types of properties/lots) - 🧠
ANSWER ✔✔Residential. (Remember 4-10 Rule: any vacant land zoned
for 4 or fewer residential units OR agricultural property of 10 or fewer
acres.){A condo is considered a single family home}
Commercial.
Industrial.
Agricultural.
Business. (Considered "business brokers." ***Presumption in Florida that
businesses include real property***)
What is a Farm Area? - 🧠 ANSWER ✔✔When brokers/sales associate
become an expert in one portion of the city.
What is the difference between a rental agent and a property manager? - 🧠
ANSWER ✔✔Rental Agent: find a tenant & collect fee.
Property Manager: continue to manage property after tenant is secured.
, What is an absentee owner? - 🧠 ANSWER ✔✔is a property owner who
does not reside on property/often relies on professional property manager
to manage investment.
Can a real estate broker / sales associate appraise a property for
compensation? - 🧠 ANSWER ✔✔Yes, but CANNOT say they are state
certified, registered trainee, or licensed appraisers.
When conducting appraisals, must follow what set of guidelines? - 🧠
ANSWER ✔✔Uniform Standards of Professional Appraisal Practice
(USPAP) (Best Practices)
What is a brokers price opinion (BPO)? Can a real estate licensees charge
for these? - 🧠 ANSWER ✔✔It is the opinion of value of real property, and
yes as long as it is not considered an appraisal.
***Who does the commission for a BPO, or for any service of real estate,
go to?
a)broker associate
b)sales associate
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