Florida Practice Test- Post License Realtor Exam With 100% Correct Answers

Florida Practice Test- Post License Realtor Exam With 100% Correct Answers When presenting an offer, a sales associate is in a better position to get an acceptance when the buyer has - answerbeen preapproved by a lender. Properties that should be rejected as comparables for determining a subject property's value include all properties EXCEPT - answerthose sold within the previous six months. A commercial broker allows one sales associate to act as a single agent for the buyer and another sales associate to act as a single agent for the seller. Both the buyer and the seller have assets of more than $1 million, and each agrees to this form of representation. The situation describes a - answerdesignated sales associate. Under which contract does the seller warrant appliances to be in working order at closing? - answerFlorida REALTORS® A property is likely to sell faster if it is priced at the - answer"sold" section of the CMA. After completing a review of the CMA, a sales associate and seller agree on a list price of $240,000. Sellers' expenses, including brokerage fee, are estimated at $17,600, and prorations for taxes and interest paid in arrears are estimated at $6,700. The mortgage payoff is expected to be $196,500. What is the seller's equity? - answer$43,500 The BEST way to acquire product knowledge is to - answerbe in the marketplace. A person who sends a fax - answermust allow the recipient to opt out of getting more faxes. A sales associate works an average of nine hours each day. Last year, he worked for 260 days and made gross income of $102,000. What was his hourly rate? - answer$43.59 The optimum rental price for standard space in a local area is determined by - answermarket analysis. A person wishing to avoid liability under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, claiming innocent purchaser status, must - answerexercise due diligence by investigating the property, usually in the form of an environmental audit. Which FSBO activity is more likely to generate a listing? - answerVisiting The principle of value that says improvement to a property is worth only what it adds to the property's market value, regardless of actual cost, is called the principle of - answercontribution. A woman is searching for a new apartment. When she drives up to a particular apartment complex, she gets a wonderful impression and decides to rent if the price is right. The woman's first impression is called - answercurb appeal. A new mortgage in the amount of $82,500 at 9% interest is used to finance the purchase of a home. The closing will be on September 15. Using the 365-day method and the exact number of days in the month, how will prepaid interest be handled on the closing statement? - answerBuyer must pay $325.48 in prepaid interest at closing A very important social media site for uploading and viewing videos is - answerYouTube. What is a contract that may be terminated at the option of one of the parties? - answerVoidable What is MOST important in a sales contract? - answerSubject property's legal description Which is NOT allowed under the CAN-SPAM Act? - answerFailing to include an opt-out method in commercial advertisements Which duty is owed by the broker to a principal in a single-agency relationship that is NOT owed to a customer in a transaction broker relationship? - answerLoyalty