Florida Real Estate U Final Exam
Study online at https://quizlet.com/_dcy8kp
1. An appraisal can be completed by which of the fol- A licensed appraiser using
lowing? USPAP standards
A home inspector
A real estate broker
A licensed appraiser using USPAP standards
A mortgage loan originator
2. What is a BPO? Broker Price Opinion
Broker Price Opinion
Best Practice Organization
Best Prospective Offer
Beyond Present Opportunities
3. Which of the following is incorrect? Farming only involves raising
crops, fish or animals.
Farming methods include Direct Mail and Just Listed
Post Cards.
Farming only involves raising crops, fish or animals.
Farming is a great way for a licensee to introduce
themselves.
Farming involves concentrating business efforts in
a particular geographical area.
4. Which of the following is NOT considered a major Cemetery Plots
real estate licensee sales specialty?
Agricultural
Cemetery Plots
Commercial
Residential
, Florida Real Estate U Final Exam
Study online at https://quizlet.com/_dcy8kp
5. What is a home built from blueprints supplied by the A custom home
buyer is called?
An architectural original
A spec home
A tract home
A custom home
6. MLS is an acronym for which of the following? Multiple Listing System
Multiple Land Syndication
Major Lending Service
Multiple Lender Sources
Multiple Listing System
7. Why is there a high demand for property managers Absentee owners
in Florida?
Cruise ships
Absentee owners
Gated communities
High temperatures
8. An organization with at least one real estate broker Real estate brokerage
acting as the agent for others in negotiating the sale
or rental of real property for a fee is known as a/an?
Cooperative
Real estate brokerage
MLS
Management company
9. What is dedication?
, Florida Real Estate U Final Exam
Study online at https://quizlet.com/_dcy8kp
Giving up private land for public use Giving up private land for
Donating a building to a private school public use
Putting other people's priorities above your own
The motto of the health service
10. One qualified by education, training and experi- Appraiser
ence who is hired to estimate the value of real and
personal property based on experience, judgment,
facts, and use of formal appraisal process is known
as a/an?
Sales Associate
Broker
Appraiser
Underwriter
11. Which Organization approves the Sales Associate DBPR
and Broker License Applications?
Fannie Mae
NAR
DBPR
FREC
12. A Licensee from another State may be able to get a Mutual Recognition
FL license without undergoing pre-licensing educa-
tion through which of the following?
Being a REALTOR®
Mutual Recognition
Buying a home in Florida
RESPA
, Florida Real Estate U Final Exam
Study online at https://quizlet.com/_dcy8kp
13. When should Fingerprints be submitted? As soon as an application has
been submitted to DBPR
Fingerprints are not required
Before enrolling in pre-licensing courses
As soon as an application has been submitted to
DBPR
After passing the State Exam
14. What is a newly licensed person working for a bro- A Sales Associate
ker known as?
A Sales Associate
An Appraiser
A Home Inspector
An Unlicensed Assistant
15. Which of the following is correct? The pre-licensing education
requirement for a Broker is 72
The Post Licensing education requirement for a hours
Sales Associate is 14 hours
The pre-licensing education requirement for a Sales
Associate is 60 hours
The pre-licensing education requirement for a Bro-
ker is 72 hours
Brokers do not need to do any Post Licensing Edu-
cation
16. Which of the following is regarded as unlicensed Giving an opinion on a Title
activity?
Marketing to FSBO's
Attending another Sales Associate's Open House
Showing property without having a signed Buyer
Study online at https://quizlet.com/_dcy8kp
1. An appraisal can be completed by which of the fol- A licensed appraiser using
lowing? USPAP standards
A home inspector
A real estate broker
A licensed appraiser using USPAP standards
A mortgage loan originator
2. What is a BPO? Broker Price Opinion
Broker Price Opinion
Best Practice Organization
Best Prospective Offer
Beyond Present Opportunities
3. Which of the following is incorrect? Farming only involves raising
crops, fish or animals.
Farming methods include Direct Mail and Just Listed
Post Cards.
Farming only involves raising crops, fish or animals.
Farming is a great way for a licensee to introduce
themselves.
Farming involves concentrating business efforts in
a particular geographical area.
4. Which of the following is NOT considered a major Cemetery Plots
real estate licensee sales specialty?
Agricultural
Cemetery Plots
Commercial
Residential
, Florida Real Estate U Final Exam
Study online at https://quizlet.com/_dcy8kp
5. What is a home built from blueprints supplied by the A custom home
buyer is called?
An architectural original
A spec home
A tract home
A custom home
6. MLS is an acronym for which of the following? Multiple Listing System
Multiple Land Syndication
Major Lending Service
Multiple Lender Sources
Multiple Listing System
7. Why is there a high demand for property managers Absentee owners
in Florida?
Cruise ships
Absentee owners
Gated communities
High temperatures
8. An organization with at least one real estate broker Real estate brokerage
acting as the agent for others in negotiating the sale
or rental of real property for a fee is known as a/an?
Cooperative
Real estate brokerage
MLS
Management company
9. What is dedication?
, Florida Real Estate U Final Exam
Study online at https://quizlet.com/_dcy8kp
Giving up private land for public use Giving up private land for
Donating a building to a private school public use
Putting other people's priorities above your own
The motto of the health service
10. One qualified by education, training and experi- Appraiser
ence who is hired to estimate the value of real and
personal property based on experience, judgment,
facts, and use of formal appraisal process is known
as a/an?
Sales Associate
Broker
Appraiser
Underwriter
11. Which Organization approves the Sales Associate DBPR
and Broker License Applications?
Fannie Mae
NAR
DBPR
FREC
12. A Licensee from another State may be able to get a Mutual Recognition
FL license without undergoing pre-licensing educa-
tion through which of the following?
Being a REALTOR®
Mutual Recognition
Buying a home in Florida
RESPA
, Florida Real Estate U Final Exam
Study online at https://quizlet.com/_dcy8kp
13. When should Fingerprints be submitted? As soon as an application has
been submitted to DBPR
Fingerprints are not required
Before enrolling in pre-licensing courses
As soon as an application has been submitted to
DBPR
After passing the State Exam
14. What is a newly licensed person working for a bro- A Sales Associate
ker known as?
A Sales Associate
An Appraiser
A Home Inspector
An Unlicensed Assistant
15. Which of the following is correct? The pre-licensing education
requirement for a Broker is 72
The Post Licensing education requirement for a hours
Sales Associate is 14 hours
The pre-licensing education requirement for a Sales
Associate is 60 hours
The pre-licensing education requirement for a Bro-
ker is 72 hours
Brokers do not need to do any Post Licensing Edu-
cation
16. Which of the following is regarded as unlicensed Giving an opinion on a Title
activity?
Marketing to FSBO's
Attending another Sales Associate's Open House
Showing property without having a signed Buyer
