Florida Real Estate Sales Associate

1. What was the significance of the 1968 Jones v. Mayer Supreme Court ruling? (a) Handicap and familial status protections were added. (b) Certain exemptions were upheld for racial discrimination. (c) Discrimination based on race was strictly prohibited, preventing exceptions of any kind. (d) Persons with AIDs or HIV were designated as handicapped. (c) Discrimination based on race was strictly prohibited, preventing exceptions of any kind. What year is civil rights? 1866, race, no exem...

The _______________________ determines monetary policy in the U. S. by controlling the availability of money. Federal Reserve System The Homestead Act was passed primarily to exempt property from forced sale A sales associate authorized to negotiate a sale of property has the authority to work under the direction of a broker or in some cases an owner-developer The sales specialty that involves the knowledge of regulated land use, environmental considerations, transportation, labor costs...

Bob was appointed by a court to sell an orange grove near Tampa. Bob can: Be compensated for the sale During the week, Jane works for Dolphin Realty, Inc. as a sale associate. On weekends, she holds open house for Grouper Homes and is paid a 2% commission directly by Greg Grouper on any sales she helps procure. Which is correct? This is prohibited activity Which of the following statements best describes a group license? It is issued to sales associates and broker-associates when working f...

When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the following is true regarding the Florida RE commission? Two members do not have to have a Florida Real Estate license The Fair Housing Act prohibits discrimination based on Race, color, religion, national origin,...

A comparative market analysis (CMA) with adjustments assumes that adjustments for differences have been made to the comparable property. The point where the business cycle, at its highest point, levels off and begins to fall is called recession A licensed sales associate employs a salaried, unlicensed personal assistant. The assistant hands out brochures at an open house but does not do any selling, nor does she write contracts. Which is TRUE? This activity is allowed Which is FALSE abo...

Absentee Owner A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the condition of title (a history of title) Acceleration Clause A condition in a loan contract that permits the lender to require immediate repayment of the entire loan balance of the loan if the contract is breached or con...

One Acre 43560 sq ft One Mile 5280 feet Township 36 Sections (6m x 6 m) Section 640 acres (1m x 1m) Follow-up what a sales associate does for buyers/sellers after a sale Property Management involves leasing, managing, marketing & maintenance of property CMA Comparative Market Analysis: a marketing tool & many not be referred to or represented as an appraisal - CMAs do not have to conform to USPAP standards Categories of real estate licenses (3) 1. Sales Associate (under dire...

Township A square 6 miles on each side (6 miles square) containing 36 square miles (36 sections); also an (east-west) strip of land north and south of a baseline (tier). Section A square 1 mile on each side (1 mile square) containing 1 square mile (640 acres). Quarter Section One-fourth of a square mile-or 160 acres- of publicly owned land. Government lot Fractional piece of land less than a quarter section resulting from geographical features (e.g., lakes, streams) interfering with lan...