Florida Real Estate Class Final Exam
Questions and Answers A+ Guide
A Business Broker - correct answers✅✅Specializes in the sale,
purchase or lease of businesses. Is required to have a real estate
license and may be licensed as a real estate broker or sales
associate
Follow-Up is - correct answers✅✅Keeping in contact with the
new owner after the closing of the sale
A builder constructs a house on an owner's lot according to the
owner's plans and specifications. This is called - correct
answers✅✅Custom Building
A builder purchases several vacant lots in an established
residential subdivision. The builder constructs houses w/o having
secured a buyer in advance of the construction of each home and
advertises them for sale to prospective buyers. This is which type
of residential construction? - correct answers✅✅Spec Building
What is exempt from Real Estate licensure under Chapter 475? -
correct answers✅✅1. Straight Salary .
2. A person who sells cemetery lots for a commission. 3. Court
jurisdiction.
4. Renting of a mobil home lot in a mobil home park
Other exemptions from licensure include - correct
answers✅✅1. For Sale by Owner
2. Owner of a Timeshare period who offers the property for resale.
,Florida Real Estate Class Final Exam
Questions and Answers A+ Guide
3. A leasing agent of an apt. complex if they are salaried, work in
an onsite rental office and work in a leasing capacity.
4. A manager of a condo and Co-op if employed for a salary and
rent is for periods no greater than 1 yr.
5. An Attorney-in-Fact (Power of Attorney)
6. An Attorney-at-Law when acting in the scope of his or her
duties as an attorney. Not receiving any compensation for a sale.
7. A decedent (personal representative) when appointed by the
court.
8. A person selling entities licensed by the FCC (radio, TV or cable
enterprises)
9. A person selling personal property.
A farmer is appointed by the court to appraise the farm land of a
deceased neighbor. The farmer will be paid a $3000 fee for the
appraisal. Is he exempt from Chapter 475? - correct
answers✅✅Yes because he was appointed by the courts.
A sales assoc employs an unlicensed assistant. The licensee
prepares a fact sheet for all of her listings. The sales assoc
instructs her assistant to drive a prospective purchaser by several
listed properties. When questioned about a particular property,
the assistant reads information from the fact sheet. The prospect
decides to buy after the assistant showed her the interior of the
last property. Have one or the other or both violated Chapter 475?
- correct answers✅✅Both violated the license law when the
assistant entered the property to show it.
,Florida Real Estate Class Final Exam
Questions and Answers A+ Guide
Under FREC rules, a Fla resident is a person who has - correct
answers✅✅resided in Fla for at least 4 mos within the
preceding year.
Tom intends to make application to become a Fla real estate sales
associate. He must have a Social Security number, a high school
diploma, be over 18, and be competent to negotiate. What is not
required? - correct answers✅✅To be a US Citizen
Mary has a 4 year degree in real estate. Mary must still attend the
pre-licensing course and post-licensing education. What class is
she exempt from? - correct answers✅✅Continuing Education
If a Florida licensee becomes a non-resident of Florida, he or she
must - correct answers✅✅notify the BPR within 10 days and
file an "irrevocable consent to service" within 60 days
If a real estate licensee moves to Florida from another state and
wants to obtain a Fla Sales Assoc license based on Mutual
Recognition, the licensee must - correct answers✅✅complete
the 63-hour sales assoc pre-licensing course and pass the Fla
license exam.
To obtain a broker's license, the applicant must have - correct
answers✅✅1. Satisfactorily completed the 72 hr broker course.
2. been an Active Sales Assoc for at least 24 months.
, Florida Real Estate Class Final Exam
Questions and Answers A+ Guide
What information is required to be disclosed on an application for
RE licensure? - correct answers✅✅1. If you've ever been
convicted of a crime.
2. Entered a plea of nolo contendere, regardless of adjudicaton.
3. Any violation of the law (except traffic violations, speeding
tickets, etc)
What does NOT have to be disclosed on an application for RE
licensure? - correct answers✅✅Personal Bankruptcy
If a developer owns 3 subdivisions in the names of 3 different
entities. A sales assoc or broker assoc may be employed by the
owner-developer on a commission basis to sell lots in the 3
subdivisions if the assoc is issued what type of license? - correct
answers✅✅A Group License
To be a broker for several real estate brokerage companies, you
must be issued what type of license? - correct
answers✅✅Multiple Broker licenses (one for each company)
If a real estate licensee fails to renew her license at the end of the
biennial renewal period, what will happen to the license? -
correct answers✅✅It reverts to an involuntary inactive status
If Mary's initial license was issue on Feb 6, 2011, what is the
expiration date on her license? - correct
Questions and Answers A+ Guide
A Business Broker - correct answers✅✅Specializes in the sale,
purchase or lease of businesses. Is required to have a real estate
license and may be licensed as a real estate broker or sales
associate
Follow-Up is - correct answers✅✅Keeping in contact with the
new owner after the closing of the sale
A builder constructs a house on an owner's lot according to the
owner's plans and specifications. This is called - correct
answers✅✅Custom Building
A builder purchases several vacant lots in an established
residential subdivision. The builder constructs houses w/o having
secured a buyer in advance of the construction of each home and
advertises them for sale to prospective buyers. This is which type
of residential construction? - correct answers✅✅Spec Building
What is exempt from Real Estate licensure under Chapter 475? -
correct answers✅✅1. Straight Salary .
2. A person who sells cemetery lots for a commission. 3. Court
jurisdiction.
4. Renting of a mobil home lot in a mobil home park
Other exemptions from licensure include - correct
answers✅✅1. For Sale by Owner
2. Owner of a Timeshare period who offers the property for resale.
,Florida Real Estate Class Final Exam
Questions and Answers A+ Guide
3. A leasing agent of an apt. complex if they are salaried, work in
an onsite rental office and work in a leasing capacity.
4. A manager of a condo and Co-op if employed for a salary and
rent is for periods no greater than 1 yr.
5. An Attorney-in-Fact (Power of Attorney)
6. An Attorney-at-Law when acting in the scope of his or her
duties as an attorney. Not receiving any compensation for a sale.
7. A decedent (personal representative) when appointed by the
court.
8. A person selling entities licensed by the FCC (radio, TV or cable
enterprises)
9. A person selling personal property.
A farmer is appointed by the court to appraise the farm land of a
deceased neighbor. The farmer will be paid a $3000 fee for the
appraisal. Is he exempt from Chapter 475? - correct
answers✅✅Yes because he was appointed by the courts.
A sales assoc employs an unlicensed assistant. The licensee
prepares a fact sheet for all of her listings. The sales assoc
instructs her assistant to drive a prospective purchaser by several
listed properties. When questioned about a particular property,
the assistant reads information from the fact sheet. The prospect
decides to buy after the assistant showed her the interior of the
last property. Have one or the other or both violated Chapter 475?
- correct answers✅✅Both violated the license law when the
assistant entered the property to show it.
,Florida Real Estate Class Final Exam
Questions and Answers A+ Guide
Under FREC rules, a Fla resident is a person who has - correct
answers✅✅resided in Fla for at least 4 mos within the
preceding year.
Tom intends to make application to become a Fla real estate sales
associate. He must have a Social Security number, a high school
diploma, be over 18, and be competent to negotiate. What is not
required? - correct answers✅✅To be a US Citizen
Mary has a 4 year degree in real estate. Mary must still attend the
pre-licensing course and post-licensing education. What class is
she exempt from? - correct answers✅✅Continuing Education
If a Florida licensee becomes a non-resident of Florida, he or she
must - correct answers✅✅notify the BPR within 10 days and
file an "irrevocable consent to service" within 60 days
If a real estate licensee moves to Florida from another state and
wants to obtain a Fla Sales Assoc license based on Mutual
Recognition, the licensee must - correct answers✅✅complete
the 63-hour sales assoc pre-licensing course and pass the Fla
license exam.
To obtain a broker's license, the applicant must have - correct
answers✅✅1. Satisfactorily completed the 72 hr broker course.
2. been an Active Sales Assoc for at least 24 months.
, Florida Real Estate Class Final Exam
Questions and Answers A+ Guide
What information is required to be disclosed on an application for
RE licensure? - correct answers✅✅1. If you've ever been
convicted of a crime.
2. Entered a plea of nolo contendere, regardless of adjudicaton.
3. Any violation of the law (except traffic violations, speeding
tickets, etc)
What does NOT have to be disclosed on an application for RE
licensure? - correct answers✅✅Personal Bankruptcy
If a developer owns 3 subdivisions in the names of 3 different
entities. A sales assoc or broker assoc may be employed by the
owner-developer on a commission basis to sell lots in the 3
subdivisions if the assoc is issued what type of license? - correct
answers✅✅A Group License
To be a broker for several real estate brokerage companies, you
must be issued what type of license? - correct
answers✅✅Multiple Broker licenses (one for each company)
If a real estate licensee fails to renew her license at the end of the
biennial renewal period, what will happen to the license? -
correct answers✅✅It reverts to an involuntary inactive status
If Mary's initial license was issue on Feb 6, 2011, what is the
expiration date on her license? - correct
