FL Real Estate Exam Practice Questions And Answers(Latest Update 2023)

Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REALTOR - ANSWER All REALTORS are members of the National Association of REALTORS (NAR) The term follow up refers to...? - ANSWER what a sales associate does for buyers and sellers after the sale Even though certain exceptions apply, an active real estate licensee is legally entitled to appraise real property for compensation concerning a nonfederally related transaction - ANSWER As long as she does not represent herself as a state-certified or licensed appraiser and complies with USPAP The field of property management has experienced growth and specialization primarily because of...? - ANSWER the increase in the number of absentee owners Real estate licensees must comply with the Uniform Standards of Professional Appraisal Practice (USPAP) when conducting which value estimates? - ANSWER Appraisals Appraisers are paid a fee because - ANSWER to accept compensation based on the appraised value is a conflict of interest The five major sales specialties do NOT include agricultural