Florida Real Estate Exam
Owners that buy income properties as investments and depend on professionals to manage them -
correct answer Absentee Owners
a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal
- correct answer CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's specifications - correct
answer Custom Building
When a contractor builds on his own land with the hope of locating a purchaser after construction has
been completed - correct answer 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 - correct answer tract building
Property management has grown as a service of real estate primarily bc of an increase of _______
_________ - correct answer Absentee Ownership
The category of construction that applies when a property owner employs a contractor to build on his or
her lot is called________ ___________ - correct answer 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 - correct answer 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 - correct answer b. custom
A Florida Real Estate lisence is required when anyone performs a service is specified under
F.S. 475 when all the following conditions are simultaneously present, unless that individual is otherwise
exempt under the law: - correct answer 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. - correct answer Compensation
The postlicense educational course for sales associate consists of ________ hours - correct answer 45
The continuing education requirement consists of ______ hours - correct answer 14
Florida Real estate sales associates that desire to become brokers must wait _______ ________ before
taking the state exam. - correct answer one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant for the same
complex. - correct answer $50
________ ________ education must be completed during the initial sales associates's license period. -
correct answer 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 - correct answer 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 - correct answer c. 12 months under 1 or more
actively licensed brokers
How many hours of postlicense education are required to renew a brokers license? - correct answer 60
hours
How long can an voluntary inactive licencee remain in that lisence status? - correct answer indefinately
The agreement the state of Florida has w/ some other states that recognises the similarity in education
and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing - correct answer b. mutual recognition
A plumber has been appointed by a court to appraise a small business. The plumber.......
a. is in violation of F.S. 475
b. is allowed to charge a commission
c. may do so and be paid a fee
Owners that buy income properties as investments and depend on professionals to manage them -
correct answer Absentee Owners
a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal
- correct answer CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's specifications - correct
answer Custom Building
When a contractor builds on his own land with the hope of locating a purchaser after construction has
been completed - correct answer 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 - correct answer tract building
Property management has grown as a service of real estate primarily bc of an increase of _______
_________ - correct answer Absentee Ownership
The category of construction that applies when a property owner employs a contractor to build on his or
her lot is called________ ___________ - correct answer 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 - correct answer 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 - correct answer b. custom
A Florida Real Estate lisence is required when anyone performs a service is specified under
F.S. 475 when all the following conditions are simultaneously present, unless that individual is otherwise
exempt under the law: - correct answer 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. - correct answer Compensation
The postlicense educational course for sales associate consists of ________ hours - correct answer 45
The continuing education requirement consists of ______ hours - correct answer 14
Florida Real estate sales associates that desire to become brokers must wait _______ ________ before
taking the state exam. - correct answer one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant for the same
complex. - correct answer $50
________ ________ education must be completed during the initial sales associates's license period. -
correct answer 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 - correct answer 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 - correct answer c. 12 months under 1 or more
actively licensed brokers
How many hours of postlicense education are required to renew a brokers license? - correct answer 60
hours
How long can an voluntary inactive licencee remain in that lisence status? - correct answer indefinately
The agreement the state of Florida has w/ some other states that recognises the similarity in education
and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing - correct answer b. mutual recognition
A plumber has been appointed by a court to appraise a small business. The plumber.......
a. is in violation of F.S. 475
b. is allowed to charge a commission
c. may do so and be paid a fee
