Florida Real Estate Exam All Questions are From the Florida Real Estate Principles, Practices & Law 45th Edition

Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor b. The term "follow-up" refers to a. returning calls in a timely manner. b. completing instructions given by one's broker. c. following through on listing calls made to for sale by owners. d. what a sales associate does for buyers and sellers after the sale. d. Even though certain exceptions apply, an active real estate licensee is legally entitled to appraise real property for compensation concerning a non-federally related transaction a. as long as she does not represent herself as a state-certified or licensed appraiser and complies with the USPAP b. only if the appraisal is called a comparative market analysis c. provided the compensation is based on a commission agreed on before the appraisal work is done d. provided a license or certified appraiser signs the appraisal report. a. The field of property management has experienced growth and specialization primarily because of a. the deregulation of the real estate industry b. the increase in the number of licensees specializing in property management c. the increase in the number of absentee owners d. higher construction costs that have caused an increase in the number of renters. c. Real estate licensees must comply with the USPAP when conducting which value estimates? a. appraisals b. broker price opinions c. comparative market analysis d. real estate licensees are exempt from the provisions of USPAP a