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45 Hour Post License Florida Questions and
Correct Answers
Farming Ans: — 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:
Ans: — - 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 Ans: — owners who buy income property as
investments and depend on professionals to manage them
All appraisals, whether performed by a licensed appraiser or a real
estate licensee, must be developed and reported in conformity
with the Ans: — 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 ________. Ans: — 1. The National
Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is _________ Ans: — The
Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: Ans: — 1. Duties to
clients and customers
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2. Duties to the public in general
3. Duties to other real estate licensees
Required Skills for the Real estate professional are: Ans: — 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.
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 Ans: — description of a desired outcome that
excites, motivates, and helps you to create a mental picture of
your business goal.
Industrial Sales or Leasing Ans: — 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 _________ Ans: — F.S. 475
The Range Of Penalties for disobeying FS 475 or 455 from lowest
to highest is: Ans: — Reprimand, fine, probation, suspension, and
revocation or denial.
Which is the maximum penalty for disobeying laws under FS 455
or FS 475 Ans: — Revocation or denial of license
If the licensee does not complete the 45 hour course before the
expiration date of their first renewal, the license becomes ____
Ans: — void and the licensee will be out of business. (have to start
over everything)
When a sales associate changes employers, they must notify the
Commission of the change no later than ________ days after the
change by using the form provided by the commission. Ans: — 10
Advertisements may not be Ans: — fraudulent, false, deceptive, or
misleading.
© 2025 All rights reserved
45 Hour Post License Florida Questions and
Correct Answers
Farming Ans: — 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:
Ans: — - 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 Ans: — owners who buy income property as
investments and depend on professionals to manage them
All appraisals, whether performed by a licensed appraiser or a real
estate licensee, must be developed and reported in conformity
with the Ans: — 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 ________. Ans: — 1. The National
Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is _________ Ans: — The
Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: Ans: — 1. Duties to
clients and customers
© 2025 All rights reserved
, 2 | Page
2. Duties to the public in general
3. Duties to other real estate licensees
Required Skills for the Real estate professional are: Ans: — 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.
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 Ans: — description of a desired outcome that
excites, motivates, and helps you to create a mental picture of
your business goal.
Industrial Sales or Leasing Ans: — 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 _________ Ans: — F.S. 475
The Range Of Penalties for disobeying FS 475 or 455 from lowest
to highest is: Ans: — Reprimand, fine, probation, suspension, and
revocation or denial.
Which is the maximum penalty for disobeying laws under FS 455
or FS 475 Ans: — Revocation or denial of license
If the licensee does not complete the 45 hour course before the
expiration date of their first renewal, the license becomes ____
Ans: — void and the licensee will be out of business. (have to start
over everything)
When a sales associate changes employers, they must notify the
Commission of the change no later than ________ days after the
change by using the form provided by the commission. Ans: — 10
Advertisements may not be Ans: — fraudulent, false, deceptive, or
misleading.
© 2025 All rights reserved
