Florida Real Estate Exam review questions
and answers
Owners that buy income properties as investments and depend on professionals
to manage them - Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's
specifications - Custom Building
When a contractor builds on his own land with the hope of locating a purchaser
after construction has been completed - Speculative building
A developer that acquires a large that aquires a large tract of land and builds a
model center from which sales may be made - tract building
Property management has grown as a service of real estate primarily bc of an
increase of _______ _________ - Absentee Ownership
,Florida Real Estate Exam review questions
and answers
The category of construction that applies when a property owner employs a
contractor to build on his or her lot is called________ ___________ - Custom
Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - C. the time and difficulty of the appraisal
A developer contracts to build a home on a buyer's lot to the buyer's
specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision - b. custom
A Florida Real Estate lisence is required when anyone performs a service is
specified under
,Florida Real Estate Exam review questions
and answers
F.S. 475 when all the following conditions are simultaneously present, unless that
individual is otherwise exempt under the law: - 1. Preforming a service of real
estate
2. In the state of Florida
3. For another
4. For compensation
_________ has been defined to include anything or any service of Value paid,
recieved or expected to be paid or recieved. - Compensation
The postlicense educational course for sales associate consists of ________ hours
- 45
The continuing education requirement consists of ______ hours - 14
Florida Real estate sales associates that desire to become brokers must wait
_______ ________ before taking the state exam. - one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new
tenant for the same complex. - $50
, Florida Real Estate Exam review questions
and answers
________ ________ education must be completed during the initial sales
associates's license period. - Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary - d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been employed
for a minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker - c. 12 months under 1 or
more actively licensed brokers
and answers
Owners that buy income properties as investments and depend on professionals
to manage them - Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's
specifications - Custom Building
When a contractor builds on his own land with the hope of locating a purchaser
after construction has been completed - Speculative building
A developer that acquires a large that aquires a large tract of land and builds a
model center from which sales may be made - tract building
Property management has grown as a service of real estate primarily bc of an
increase of _______ _________ - Absentee Ownership
,Florida Real Estate Exam review questions
and answers
The category of construction that applies when a property owner employs a
contractor to build on his or her lot is called________ ___________ - Custom
Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - C. the time and difficulty of the appraisal
A developer contracts to build a home on a buyer's lot to the buyer's
specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision - b. custom
A Florida Real Estate lisence is required when anyone performs a service is
specified under
,Florida Real Estate Exam review questions
and answers
F.S. 475 when all the following conditions are simultaneously present, unless that
individual is otherwise exempt under the law: - 1. Preforming a service of real
estate
2. In the state of Florida
3. For another
4. For compensation
_________ has been defined to include anything or any service of Value paid,
recieved or expected to be paid or recieved. - Compensation
The postlicense educational course for sales associate consists of ________ hours
- 45
The continuing education requirement consists of ______ hours - 14
Florida Real estate sales associates that desire to become brokers must wait
_______ ________ before taking the state exam. - one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new
tenant for the same complex. - $50
, Florida Real Estate Exam review questions
and answers
________ ________ education must be completed during the initial sales
associates's license period. - Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary - d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been employed
for a minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker - c. 12 months under 1 or
more actively licensed brokers
