FLORIDA CAM EXAM 1 PRACTICE QUESTIONS
2026 WITH COMPLETE SOLUTIONS
◉ The time and difficulty of the appraisal. Answer: A real estate
appraiser's fee for professional service is based on which of the
following?
◉ Service business Answer: Which of the following best describes
the real estate brokerage business?
◉ Preparing leases. Answer: All of the following are responsibilities
of a property manager, EXCEPT:
*Renting property for an absentee owner.
*Collecting rent.
*Overseeing maintenance.
*Preparing leases.
◉ Specializing in one geographic area Answer: What does the term
"farming" refer to in real estate?
◉ None of the above Answer: Which insurance policies can a real
estate licensee offer to the public without additional state licensing?
*Flood insurance
,*Fire insurance
*Renter's insurance
*None of the above
◉ Preserve the right of individuals to own real property through an
exchange of information. Answer: What is the purpose of the
National Association of REALTORS?
◉ The designation identifies the real estate professional as a
member of the NAR. Answer: What does the designation of
REALTOR® signify?
◉ Custom Answer: A developer contracts to build a home according
to the buyer's specifications. This is an example of which type of
building?
◉ They must be able to analyze financial statements and understand
balance sheets. Answer: Which of the following best describes
licensees who are involved in business brokerage?
◉ Accounting Answer: Real estate licensees are required to be
knowledgeable in all of the following areas, EXCEPT:
•Marketing
•Valuation
, •Property transfer
•Accounting
◉ Counseling Answer: Which service provided by real estate
licensees requires the most experience and knowledge?
◉ Federally-related transactions Answer: An appraiser who is
registered, licensed, or certified under F.S. 475, Part II, must be
utilized in which of the following?
◉ Dedication Answer: When a developer completes construction of
a new subdivision, all streets, electric, water, and sewer installation
are finished and deeded to the city or county. What is this process
called?
◉ An assignment to give an estimate of value for an attorney in a
divorce case. Answer: Which of the following assignments would be
acceptable for a Florida real estate licensee who does not represent
themselves as an appraiser, and follows the Uniform Standards of
Professional Appraisal Practice (USPAP)?
◉ 1925 Answer: An assignment to give an estimate of value for an
attorney in a divorce case.
2026 WITH COMPLETE SOLUTIONS
◉ The time and difficulty of the appraisal. Answer: A real estate
appraiser's fee for professional service is based on which of the
following?
◉ Service business Answer: Which of the following best describes
the real estate brokerage business?
◉ Preparing leases. Answer: All of the following are responsibilities
of a property manager, EXCEPT:
*Renting property for an absentee owner.
*Collecting rent.
*Overseeing maintenance.
*Preparing leases.
◉ Specializing in one geographic area Answer: What does the term
"farming" refer to in real estate?
◉ None of the above Answer: Which insurance policies can a real
estate licensee offer to the public without additional state licensing?
*Flood insurance
,*Fire insurance
*Renter's insurance
*None of the above
◉ Preserve the right of individuals to own real property through an
exchange of information. Answer: What is the purpose of the
National Association of REALTORS?
◉ The designation identifies the real estate professional as a
member of the NAR. Answer: What does the designation of
REALTOR® signify?
◉ Custom Answer: A developer contracts to build a home according
to the buyer's specifications. This is an example of which type of
building?
◉ They must be able to analyze financial statements and understand
balance sheets. Answer: Which of the following best describes
licensees who are involved in business brokerage?
◉ Accounting Answer: Real estate licensees are required to be
knowledgeable in all of the following areas, EXCEPT:
•Marketing
•Valuation
, •Property transfer
•Accounting
◉ Counseling Answer: Which service provided by real estate
licensees requires the most experience and knowledge?
◉ Federally-related transactions Answer: An appraiser who is
registered, licensed, or certified under F.S. 475, Part II, must be
utilized in which of the following?
◉ Dedication Answer: When a developer completes construction of
a new subdivision, all streets, electric, water, and sewer installation
are finished and deeded to the city or county. What is this process
called?
◉ An assignment to give an estimate of value for an attorney in a
divorce case. Answer: Which of the following assignments would be
acceptable for a Florida real estate licensee who does not represent
themselves as an appraiser, and follows the Uniform Standards of
Professional Appraisal Practice (USPAP)?
◉ 1925 Answer: An assignment to give an estimate of value for an
attorney in a divorce case.
