FL Real Estate Sales Associate 63 Hr Course Exam Chapters 1-10 Practice Questions and Answers
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 direction of Broker) 2. Broker 3. Broker Associate (under direction of Broker) Key to Real Estate Application Truthfulness Mutual Recognition If approved for MUTUAL RECOGNITION applicants are exempt from prelicense education course, must pass 40 question test on FL real estate law w/75% (30 correct) or higher. Term of Application validity 2 years - RE Lic. applications good for 2 years w/DBPR. Power of Attorney (Attorney-in-fact) A person cannot appoint another individual as an attorney-in-fact for the purpose of conduction real estate services for others (only for self). Quasi-judicial Responsibility of FREC: 1. power to grant/deny applications mine lic. law violations & administer penalties (CANNOT impose imprisonment - FREC handles administrative not criminal violations)
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