Coast Q&A CRAM EXAM 1&2
Questions with Verified Answers
Property management - ANSWERSAbesntee ownership has increased the demand for
which area of brokerage
A fee based upon time and difficulty of appraisal - ANSWERSWhat is a real estate
appraiser is paid
A subdivision plat map - ANSWERSWhat does the local planning agency have the
authority to approve
Dedication - ANSWERSWhat is it called when a developer gives land to a governmental
body?
Property management - ANSWERSWhat business is a license engaged in who
markets, leases and maintains property for someone else?
Residential sales - ANSWERSIn which service of real estate must a licensee disclosure
the agency relationship and the responsibilities of that relationship to the public
QUASI legislative - ANSWERSWhich power authorizes the frec to pass or revise rules
Not being a resident of Florida - ANSWERSWould be grounds for suspension or
revocation of a real estate license except
Transfer her license from the broker to owner developer - ANSWERSSandy works as a
sales associate for a broker and has been asked to work weekends for a developer to
sell new homes on commission. What must sandy do to work for the developers
A post licensing course - ANSWERSWhat does the license law require that a licensee
complete before the first renewal of a Florida real estate license
qualify just as anyone else - ANSWERSIn a brokerage corp, the officers and directors
can be active or inactive brokers or non licensed registeres persons. if someone who is
non licensed and registered wants to become a broker, what must they do?
a person who rents mobile home lots - ANSWERSwho would be exempt from the real
estate licensing law?
, FREC and the license law - ANSWERSWhich entity provides the best protection for the
public during a real estate transaction
it may be held by a sales associate or broker associate - ANSWERSWhich of the
following is a characteristic of the group license
business brokers - ANSWERSAll of the following are exempt from FS 475 EXCEPT
holds multiple licenses - ANSWERSComplete the sentence. A broker who holds more
than one broker license
for identification purposes - ANSWERSGeneral partners in a brokerage partership that
are not qualified to perform the services of real estate must be registered:
late fee and 14 hours of continuing education - ANSWERSBill's license expired on Sept.
30, 2013. On Feburary 14, 2012 he wants to renew it. If it is not his first renewal, what
must bill do?
Ron and his wife are exempt from renewal - ANSWERSRon and his wife each have real
estate licenses before he enters the military. Ron is stationed in Washington, DC. And
his wife accompanies him there, if they makw their licenses inactive>
involuntary inactive - ANSWERSwhat is the status of a sales associates license if the
sales associate works for a broker loses his license?
Impose imprisonment as a penalty - ANSWERSThe Florida Real Estate Commission
my do all of the following except
His license is null and void - ANSWERSKarls license expired on sept 30 2010. on Feb
10 2014 he wants to activate it again. Which is correct?
Both the seller and investor must agree to transition to transaction broker - ANSWERSA
real estate broker has entered into a single agency relationship with the sellers of a
three bedroom, two-bath house. One of the agents in that brokers office has found an
investor wanting to hire the brokerage firm as a single-agent. For the investor to be
shown this seller's house:
Single agency notice - ANSWERSWhat must be given to a seller who is about to enter
into a fiduciary relationship with a brokerage firm?
Find a new employer - ANSWERSWhat should sales associate do if his employing
broker instructs him or her not to show properties to people of a certain race?
Transition to transaction broker - ANSWERSWhich form requires the signature of all
parties?