FLORIDA REAL ESTATE SALES
ASSOCIATE 63 HR COURSE EXAM
CHAPTERS 1-10 QUESTIONS &
CORRECT ANSWERS UPDATED
One Acre - CORRECT ANSWER 43560 sq ft
One Mile - CORRECT ANSWER 5280 feet
Township - CORRECT ANSWER 36 Sections (6m x 6 m)
Section - CORRECT ANSWER 640 acres (1m x 1m)
Follow-up - CORRECT ANSWER what a sales associate does for buyers/sellers after a
sale
Property Management - CORRECT ANSWER involves leasing, managing, marketing &
maintenance of property
CMA - CORRECT ANSWER 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) - CORRECT ANSWER 1. Sales Associate (under
direction of Broker)
2. Broker
3. Broker Associate (under direction of Broker)
Key to Real Estate Application - CORRECT ANSWER Truthfulness
Mutual Recognition - CORRECT ANSWER 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 - CORRECT ANSWER 2 years - RE Lic. applications good
for 2 years w/DBPR.
Power of Attorney (Attorney-in-fact) - CORRECT ANSWER 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 - CORRECT ANSWER Responsibility of FREC:
1. power to grant/deny applications
2.determine lic. law violations & administer penalties (CANNOT impose imprisonment -
FREC handles administrative not criminal violations)
Temporary License - CORRECT ANSWER 6 month expiration - NOT renewable
Voluntarily Relinquish - CORRECT ANSWER Or XCL, only allowed if NO investigation
or discipline pending
Multiple License - CORRECT ANSWER Issued to Broker if more than one business.
Each business (location) needs separate lic.
"Arm's Length" - CORRECT ANSWER conduct business on own behalf w/out trusting
other's fairness/integrity (caveat emptor applies).
Caveat Emptor - CORRECT ANSWER Buyer beware!
Agency Relationship - CORRECT ANSWER Business transactions i.e. Attorney (agent)
and Client (principal)
Disclosure Document Held for how many years? - CORRECT ANSWER 5 years -
Broker of all residential transaction that result in written contract must be held by Broker
for 5 years.
Designated Sales Associate - CORRECT ANSWER Non-residential transactions:
Broker may appoint 2 (DUAL AGENTS) of his/her sales agents to each be a single
agent to the buyer and the other to the seller - ONLY IF buyer & seller have assets of 1
Million or more and sign a disclosure to state assets & includes duties of single agent
Reasons for Termination of Brokerage Relationship btwn Principal (customer) & Broker
- CORRECT ANSWER 1. Fulfillment
2. Mutual Agreement
3. Expiration
4. Broker renounces
5. Principal revokes
6. Death of a buyer's broker
7. Death of a seller's broker
8. Destruction of property or eminent domain
9.Bankruptcy of principal (customer)
Active Broker's Sign - CORRECT ANSWER Must display sign at exterior or interior of
entrance to office (every office location must have one)
1. Trade Name
2. Broker's Name
ASSOCIATE 63 HR COURSE EXAM
CHAPTERS 1-10 QUESTIONS &
CORRECT ANSWERS UPDATED
One Acre - CORRECT ANSWER 43560 sq ft
One Mile - CORRECT ANSWER 5280 feet
Township - CORRECT ANSWER 36 Sections (6m x 6 m)
Section - CORRECT ANSWER 640 acres (1m x 1m)
Follow-up - CORRECT ANSWER what a sales associate does for buyers/sellers after a
sale
Property Management - CORRECT ANSWER involves leasing, managing, marketing &
maintenance of property
CMA - CORRECT ANSWER 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) - CORRECT ANSWER 1. Sales Associate (under
direction of Broker)
2. Broker
3. Broker Associate (under direction of Broker)
Key to Real Estate Application - CORRECT ANSWER Truthfulness
Mutual Recognition - CORRECT ANSWER 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 - CORRECT ANSWER 2 years - RE Lic. applications good
for 2 years w/DBPR.
Power of Attorney (Attorney-in-fact) - CORRECT ANSWER 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 - CORRECT ANSWER Responsibility of FREC:
1. power to grant/deny applications
2.determine lic. law violations & administer penalties (CANNOT impose imprisonment -
FREC handles administrative not criminal violations)
Temporary License - CORRECT ANSWER 6 month expiration - NOT renewable
Voluntarily Relinquish - CORRECT ANSWER Or XCL, only allowed if NO investigation
or discipline pending
Multiple License - CORRECT ANSWER Issued to Broker if more than one business.
Each business (location) needs separate lic.
"Arm's Length" - CORRECT ANSWER conduct business on own behalf w/out trusting
other's fairness/integrity (caveat emptor applies).
Caveat Emptor - CORRECT ANSWER Buyer beware!
Agency Relationship - CORRECT ANSWER Business transactions i.e. Attorney (agent)
and Client (principal)
Disclosure Document Held for how many years? - CORRECT ANSWER 5 years -
Broker of all residential transaction that result in written contract must be held by Broker
for 5 years.
Designated Sales Associate - CORRECT ANSWER Non-residential transactions:
Broker may appoint 2 (DUAL AGENTS) of his/her sales agents to each be a single
agent to the buyer and the other to the seller - ONLY IF buyer & seller have assets of 1
Million or more and sign a disclosure to state assets & includes duties of single agent
Reasons for Termination of Brokerage Relationship btwn Principal (customer) & Broker
- CORRECT ANSWER 1. Fulfillment
2. Mutual Agreement
3. Expiration
4. Broker renounces
5. Principal revokes
6. Death of a buyer's broker
7. Death of a seller's broker
8. Destruction of property or eminent domain
9.Bankruptcy of principal (customer)
Active Broker's Sign - CORRECT ANSWER Must display sign at exterior or interior of
entrance to office (every office location must have one)
1. Trade Name
2. Broker's Name
