45 Hour Post License Florida Exam Questions and Answers Latest 2024/2025 (100% Correct Answers)
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Course
45 Hour Post License Florida
Institution
45 Hour Post License Florida
Farming correct answers 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 answers - Duplex
- improved residential property of four units or fewer, including condominium units
-unimproved ...
Farming correct answers 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 answers - 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 answers 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 correct answers 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 answers 1. The National Association of Realtors (NAR) 2. Code of Ethics The largest trade association in the state is _________ correct answers The Florida Association of Realtors (FAR) The duties required by the Code of Ethics are: correct answers 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 answers 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 correct answers 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 answers include warehouses and manufacturing facilities. Industrial sales and leasing generally involve user/owners, rather than investors. 45 Hour Post License Florida Exam Questions and Answers Latest 2024/2025 |100% Correct Answers The law that specifically regulates real estate licensees, schools, and appraisers is _________ correct answers F.S. 475 The Range Of Penalties for disobeying FS 475 or 455 from lowest to highest is: correct answers Reprimand, fine, probation, suspension, and revocation or denial. Which is the maximum penalty for disobeying laws under FS 455 or FS 475 correct answers 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 ____ correct answers 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. correct answers 10 Advertisements may not be correct answers fraudulent, false, deceptive, or misleading. Advertising false, inaccurate, misleading or exaggerated information could result in ____________ correct answers the issuance of a citation and a fine of $500 A sales associate who receives a deposit must deliver it to the broker or employer no later than correct answers the end of the business day following the receipt of the item to be deposited A sales associate may not collect money in connection with a real estate transaction except correct answers in the name of the employer (cannot be payed by buyer or seller) A sales associate receives compensation only from his or her ______. A sales associate can however be paid a portion of a commission by a closing agent if such instructions have been provided in writing by the _____. correct answers 1. broker 2. broker Single agents are held accountable for what four specific duties? correct answers 1. Confidentiality 2. Obedience 3. Loyalty 4. Full Disclosure Appraisals utilized by federally regulated lenders in federally related transactions be developed and reported in conformity with the _______ correct answers Uniform Standards of Professional Appraisal Practices (USPAP) Assessed value is correct answers the value assigned by the property appraiser for ad valorem tax purposes
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