FL State Real Estate Exam UPDATED ACTUAL Questions And Correct Answers
Terms in this set (194)
Real Estate can be described as Local in Nature
Real Estate market is best described as A free market
Expert knowledge from Real Estate pro Does not include construction knowledge
Farming Focusing on listings in a particular neighborhood
Substitution Basis for all 3 primary appraisal techniques
Developer deals common elements to County By dedication
Building to owners plan and specifications Custom Building
High school diploma or equivalent required Required to take the real estate exam
Failure to complete 45 post license course License becomes VOID
Passed Broker exam, employed by another Broker Associates
A person given power of attorney Attorney-In-Fact
Apartment complex owners can employ Unlicensed, salaries, on-site leasing agent
Injunction Issued only by the courts/ requested by anyone
Executive Power of FREC Can be exercise by chairperson alone (PIE)
Quasi-anything Requires a FREC quorum
Quasi-legislative power of FREC Allows FREC to adopt rules and regulations
FREC cannot impose as a penalty Imprisonment
Possession of a valid Real Estate license Prima Facia evidence that holder is licensed
A reissue is required To perform license service after changing employers
When licensee terminates employment Must get a reissue before performing services
Temporary incapacitation of licensee Suspended for period of disability
A line bar that was not renewed will expire On the date on the license
, Group license for sales and Broker associates Only when employed by an owner-employer
Special agent Performs a single act
Relationship of Sales Associate to Broker General Agency
Can't follow legal instructions of principal Licensee must withdraw from transaction
Sales associate working with Brokers principal Both Broker and Sales Associate same fiduciary duties
Single agent acts can only be performed for A principal
Terms in this set (194)
Real Estate can be described as Local in Nature
Real Estate market is best described as A free market
Expert knowledge from Real Estate pro Does not include construction knowledge
Farming Focusing on listings in a particular neighborhood
Substitution Basis for all 3 primary appraisal techniques
Developer deals common elements to County By dedication
Building to owners plan and specifications Custom Building
High school diploma or equivalent required Required to take the real estate exam
Failure to complete 45 post license course License becomes VOID
Passed Broker exam, employed by another Broker Associates
A person given power of attorney Attorney-In-Fact
Apartment complex owners can employ Unlicensed, salaries, on-site leasing agent
Injunction Issued only by the courts/ requested by anyone
Executive Power of FREC Can be exercise by chairperson alone (PIE)
Quasi-anything Requires a FREC quorum
Quasi-legislative power of FREC Allows FREC to adopt rules and regulations
FREC cannot impose as a penalty Imprisonment
Possession of a valid Real Estate license Prima Facia evidence that holder is licensed
A reissue is required To perform license service after changing employers
When licensee terminates employment Must get a reissue before performing services
Temporary incapacitation of licensee Suspended for period of disability
A line bar that was not renewed will expire On the date on the license
, Group license for sales and Broker associates Only when employed by an owner-employer
Special agent Performs a single act
Relationship of Sales Associate to Broker General Agency
Can't follow legal instructions of principal Licensee must withdraw from transaction
Sales associate working with Brokers principal Both Broker and Sales Associate same fiduciary duties
Single agent acts can only be performed for A principal
