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Florida Real Estate Exam Test Bank 2024
Florida Real Estate Exam Test Bank 2024
[Meer zien]Florida Real Estate Exam Test Bank 2024
[Meer zien]Which statement is true regarding the use of the term REALTOR? 
 
A. All real estate licensees are realtors 
B. All realtors are members of the NAR 
C. The term real estate licensee and realtor may be used interchangeably 
D. The Florida DBPR authorizes the use of the term realtor - correct answe...
Voorbeeld 3 van de 17 pagina's
In winkelwagenWhich statement is true regarding the use of the term REALTOR? 
 
A. All real estate licensees are realtors 
B. All realtors are members of the NAR 
C. The term real estate licensee and realtor may be used interchangeably 
D. The Florida DBPR authorizes the use of the term realtor - correct answe...
1x verkocht
administrative law - correct answer -Body of law created by administrative agencies in the form of rules, regulations, orders, and decisions. 
 
agent - correct answer -A person entrusted with another's business; the person authorized by the principal to act on the principal's behalf. 
 
at arm's...
Voorbeeld 2 van de 8 pagina's
In winkelwagenadministrative law - correct answer -Body of law created by administrative agencies in the form of rules, regulations, orders, and decisions. 
 
agent - correct answer -A person entrusted with another's business; the person authorized by the principal to act on the principal's behalf. 
 
at arm's...
In which area of brokerage has absentee ownership increased the demand? - Correct answer-Property management 
 
How is a real estate appraiser typically paid? - Correct answer-A fee based upon time and difficulty of the appraisal 
 
What does the local planning agency have the authority to approve -...
Voorbeeld 2 van de 5 pagina's
In winkelwagenIn which area of brokerage has absentee ownership increased the demand? - Correct answer-Property management 
 
How is a real estate appraiser typically paid? - Correct answer-A fee based upon time and difficulty of the appraisal 
 
What does the local planning agency have the authority to approve -...
1.	Which of the following statements is true regarding a mortgage loan originator (MLO)? 
A mortgage loan originator is the same as a mortgage broker. 
*A mortgage loan originator must have a separate license. 
A mortgage loan originator makes loans. 
A mortgage loan originator must have a real ...
Voorbeeld 3 van de 19 pagina's
In winkelwagen1.	Which of the following statements is true regarding a mortgage loan originator (MLO)? 
A mortgage loan originator is the same as a mortgage broker. 
*A mortgage loan originator must have a separate license. 
A mortgage loan originator makes loans. 
A mortgage loan originator must have a real ...
Owners that buy income properties as investments and depend on professionals to manage them - Absentee Owners 
 
a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - CMA -Comparative Market Analysis... 
 
A contractor is employed by an owner of l...
Voorbeeld 2 van de 15 pagina's
In winkelwagenOwners that buy income properties as investments and depend on professionals to manage them - Absentee Owners 
 
a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - CMA -Comparative Market Analysis... 
 
A contractor is employed by an owner of l...
Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 
 
1) $1,050.00 
2) $1,260.00 
3) $630.00 
4) $525.00 ...
Voorbeeld 4 van de 33 pagina's
In winkelwagenLinda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 
 
1) $1,050.00 
2) $1,260.00 
3) $630.00 
4) $525.00 ...
Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a c...
Voorbeeld 3 van de 16 pagina's
In winkelwagenSue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a c...
Agency relationship in Florida with the fewest duties/obligations: - correct answers -Non-representation broker 
 
If Jackson has no fiduciary duty and offers no representation whatsoever to the buyer or the seller in a transaction, Jackson is a: - correct answers -Non-representation broker 
 
Entit...
Voorbeeld 3 van de 17 pagina's
In winkelwagenAgency relationship in Florida with the fewest duties/obligations: - correct answers -Non-representation broker 
 
If Jackson has no fiduciary duty and offers no representation whatsoever to the buyer or the seller in a transaction, Jackson is a: - correct answers -Non-representation broker 
 
Entit...
1031 tax-deferred exchange - Answer- Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange 
 
Ex. Real estate investors...
Voorbeeld 4 van de 113 pagina's
In winkelwagen1031 tax-deferred exchange - Answer- Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange 
 
Ex. Real estate investors...
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