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45 HOUR POST LICENSE FLORIDA FINAL
EXAM ACCURATE VERIFIED QUESTIONS
& ANSWERS
Farming - correct answer- Concentrating on one type of style of
property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of
any: - correct answer- - Duplex
- improved residential property of four units or fewer, including
condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved
property of four or fewer residential units
- dispositions of business interests for property of four or fewer
residential units
absentee owners - correct answer- owners who buy income
property as investments and depend on professionals to
manage them
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All appraisals, whether performed by a licensed appraiser or a
real estate licensee, must be developed and reported in
conformity with the - correct answer- Uniform Standards of
Professional Appraisal Practice (USPAP)
The largest and most prestigious real estate organization in the
world is ________. They work for legislation enforce
professional standards of conduct through its ________. -
correct answer- 1. The National Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is _________ -
correct answer- The Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: - correct answer-
1. Duties to clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
Required Skills for the Real estate professional are: - correct
answer- 1. Valuation - Must be able to discern important
differences between properties and know ho to translate those
differences into value. Must be able to conduct a CMA.
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2. Marketing - must have an understanding of the tools and
technologies available to market a property.
3. Property Transfer - understand how to close a transaction
Mission Statement - correct answer- description of a desired
outcome that excites, motivates, and helps you to create a
mental picture of your business goal.
Industrial Sales or Leasing - correct answer- include
warehouses and manufacturing facilities. Industrial sales and
leasing generally involve user/owners, rather than investors.
The law that specifically regulates real estate licensees,
schools, and appraisers is _________ - correct answer- F.S.
475
The Range Of Penalties for disobeying FS 475 or 455 from
lowest to highest is: - correct answer- Reprimand, fine,
probation, suspension, and revocation or denial.
Which is the maximum penalty for disobeying laws under FS
455 or FS 475 - correct answer- Revocation or denial of license
45 HOUR POST LICENSE FLORIDA FINAL
EXAM ACCURATE VERIFIED QUESTIONS
& ANSWERS
Farming - correct answer- Concentrating on one type of style of
property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of
any: - correct answer- - Duplex
- improved residential property of four units or fewer, including
condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved
property of four or fewer residential units
- dispositions of business interests for property of four or fewer
residential units
absentee owners - correct answer- owners who buy income
property as investments and depend on professionals to
manage them
,2 | Page
All appraisals, whether performed by a licensed appraiser or a
real estate licensee, must be developed and reported in
conformity with the - correct answer- Uniform Standards of
Professional Appraisal Practice (USPAP)
The largest and most prestigious real estate organization in the
world is ________. They work for legislation enforce
professional standards of conduct through its ________. -
correct answer- 1. The National Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is _________ -
correct answer- The Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: - correct answer-
1. Duties to clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
Required Skills for the Real estate professional are: - correct
answer- 1. Valuation - Must be able to discern important
differences between properties and know ho to translate those
differences into value. Must be able to conduct a CMA.
, 3 | Page
2. Marketing - must have an understanding of the tools and
technologies available to market a property.
3. Property Transfer - understand how to close a transaction
Mission Statement - correct answer- description of a desired
outcome that excites, motivates, and helps you to create a
mental picture of your business goal.
Industrial Sales or Leasing - correct answer- include
warehouses and manufacturing facilities. Industrial sales and
leasing generally involve user/owners, rather than investors.
The law that specifically regulates real estate licensees,
schools, and appraisers is _________ - correct answer- F.S.
475
The Range Of Penalties for disobeying FS 475 or 455 from
lowest to highest is: - correct answer- Reprimand, fine,
probation, suspension, and revocation or denial.
Which is the maximum penalty for disobeying laws under FS
455 or FS 475 - correct answer- Revocation or denial of license
