COMPREHENSIVE COURSE REVIEW,
PRACTICE QUESTIONS, CORRECT ANSWERS
AND STUDY GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
, All appraisals, whether performed by a licensed appraiser or a Uniform Standards of Professional Appraisal Practice (USPAP)
real estate licensee, must be developed and reported in
conformity with the
The largest and most prestigious real estate organization in 1. The National Association of Realtors (NAR)
the world is ________. They work for legislation enforce 2. Code of Ethics
professional standards of conduct through its ________.
The largest trade association in the state is _________ The Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: 1. Duties to clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
Required Skills for the Real estate professional are: 1. Valuation - Must be able to discern important differences between properties and
know ho to translate those differences into value. Must be able to conduct a CMA.
2. Marketing - must have an understanding of the tools and technologies available to
market a property.
3. Property Transfer - understand how to close a transaction
Mission Statement description of a desired outcome that excites, motivates, and helps you to create a
mental picture of your business goal.
Industrial Sales or Leasing include warehouses and manufacturing facilities. Industrial sales and leasing generally
involve user/owners, rather than investors.
The law that specifically regulates real estate licensees, F.S. 475
schools, and appraisers is _________
The Range Of Penalties for disobeying FS 475 or 455 from Reprimand, fine, probation, suspension, and revocation or denial.
lowest to highest is:
Which is the maximum penalty for disobeying laws under FS Revocation or denial of license
455 or FS 475
If the licensee does not complete the 45 hour course before void and the licensee will be out of business. (have to start over everything)
the expiration date of their first renewal, the license becomes
____