Real Estate Vocab, Concepts, and Test Questions - ProLicense Florida 2023

Real Estate Vocab, Concepts, and Test Questions - ProLicense Florida 2023 A sales associate works under - ANSWER-The direction of a broker or in some cases an owner-developer A licensed appraiser is compensated for an appraisal - ANSWER-With a flat fee The product/service that all real estate professionals sell is - ANSWER-their expert knowledge Which area of real estate requires the highest degree of expertise? - ANSWER-Counseling Which Florida Administrative Code expands upon the statutory provisions of Chapter 475, Florida Statutes? - ANSWER-61J2 After completing the 45- hours post-licensing education during the initial license period, licensees must complete - ANSWER-at least 14 hours of continuing education during every 2-year license period An unlicensed personal assistant may be at an open house and can - ANSWER-hand out materials A licensee may substitute attendance at one legal agenda session of the FREC for - ANSWER-three hours of continuing education credit A broker price opinion or comparative market analysis constitutes real estate brokerage activity, the compensation collected in connection with activity must be paid to the - ANSWER-sales associate's Broker/brokerage Failure to complete the sales associate post-licensing education requirement will cause the initial license to - ANSWER-become null and void