Real Estate Sales Associate Practice Test Questions and Answers

Absentee ownership has increased the demand for which area of brokerage? Commercial sales What is a real estate appraiser paid? A fee based upon how time and difficulty of the appraisal What does the local planning agency have the authority to approve? A subdivision plat map what is it called when a developer gives land to a governmental body? Dedication What business is a licensee engaged in who markets, leases and maintains property for someone els? Property management In which service of real estate must a licensee disclose the agency relationship and the responsibilities of that relationship to the public? Residential sales Which power authorizes the FREC to pass or revise rules? Quasi-legislative What would not be grounds for suspension or revocation of a real estate license? Not being a Florida resident Sandy works as a sales associate for a broker and has been asked to work weekends for a developer to sell new homes on commission. What must sandy do to work for the developer? Transfer her license from the broker to the owner-developer What does the license law require that a licensee complete before the first renewal of the Florida real estate license? A post licensing course If someone who is non licensed and registered wants to become a broker, what must he or she do? Qualify for a broker license in the same way as anyone els Who would be exempt from a real estate licensing law? A person who rents mobile home lots Which entity provides the best protection for the public during a real estate transaction? FREC and the license law Which of the following is a characteristic of a group license? It may be held by a sales associate or broker associate