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Post-Licensing Practice Exam for Florida Real Estate Sales Associates Questions with Correct Answers The MOST probable price a property should bring in an arm's-length transaction in a competitive and open market is called - Answer-the market value. The point where the business cycle, at its highest point, levels off and begins to fall is called - Answer-recession. Targeted strangers in your database should be contacted at LEAST - Answer-every other month. The relationship between...

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45 Hour Post License Final Exam with UPDATED QUESTIONS AND CORRECT ANSWERS If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - CORRECT ANSWER seller would raise the selling price in order to make up for the shortfall.

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The final step a licensee will take when preparing a CMA is: 1. Choosing comparables 2. Estimating a reasonable selling price range 3. Making adjustments to comparables 4. Collecting and analyzing information - ANSWER CORRECT ANSWER: Estimating a reasonable selling price range A broker price opinion must include what the price was based on and: 1. License number 2. The broker's phone number 3. Applicable market data 4. A legal description - ANSWER CORRECT ANSWER: Applic...

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