Florida Real Estate Exam.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Real%20Estate%20Exam
Florida Real Estate Exam Questions & Answers
1. The determines monetary policy in the U. S. by
controlling the availability of money.
ANS Federal Reserve System
2. The Homestead Act was passed primarily to
ANS exempt property from forced sale
3. A sales associate authorized to negotiate a sale of property has the author- ity to
ANS work under the direction of a broker or in some cases an owner-developer
4. The sales specialty that involves the knowledge of regulated land use, environmental
considerations, transportation, labor costs and utility charges is
ANS industrial
5. A real estate agent's trade association that requires raising the professional and ethical
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standards of their members is the
ANS National Association of Realtors.
6. Property management customarily includes all these but
ANS representation of the tenant
7. Property management in the real estate business has gained popularity and importance
due to
ANS the growth in absentee ownership.
8. The sales associate who can explain property taxes and homestead exemp- tions, in
addition to helping prospective buyers obtain financing, is a
ANS residen- tial specialist
9. A sales associate with ABC Realty was contacted by Big Bank to do a Broker Price
Opinion (BPO). Since the fee for this was small, the bank paid the salesperson directly.
This situation is
ANS illegal, since sales associate violated Chapter 475, F.S.
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10. The product that all real estate professionals sell is
ANS their expert knowledge
11. Which area of real estate requires the highest degree of expertise?
ANS Coun- seling
12. A licensed appraiser is compensated for an appraisal
ANS with a flat fee
13. Sales associates who fail to complete the post-licensing education re- quirement after
24 months and want to continue in the real estate business are required to requalify for
licensure by
ANS repeating the pre-licensure class, passing the end-of-course examination, and passing the
state licensure examination.
14. After completing the post-licensing education during the initial license period,
licensees must complete
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ANS at least 14 hours of continuing education during every 2-year license period for active and
inactive licensees.
15. Prior to Owner's death, she named her friend, Jenny, as the personal representative
of her estate.To take an active part in the sale of Owner's real estate, Jenny is
ANS not required to obtain a real estate license.
16. Since performing a broker price opinion or comparative market analysis constitutes
real estate brokerage activity, the compensation collected in con- nection with that activity
must be paid to the
ANS sales associate's Broker/broker- age.
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