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REPL CERTIFICATION EXAM
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REPL CERTIFICATION EXAM
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REPL CERTIFICATION EXAM NEWEST 2024 ACTUALEXAM COMPLETE ALL 200 QUESTIONS AND CORECT
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A
A $1.5 billion agency regulating one million professionals and businesses across
some 200 licensee categories in Florida is: - ANSWER: The Florida Department of
Business and Professional Regulation.
Who elects the Chairperson of the FREC? - ANSWER: The FREC Members
What is the primary mission of FREC? - ANSWER: To protect the public
Nelson just received his Florida license. Which of the following will NOT be on the
license? - ANSWER: An Equal Housing Opportunity Logo
Broker Norman failed to display an office entrance sign. Which disciplinary action is
Norman most likely to receive? - ANSWER: A citation
Jane cheated on her real estate examination and was caught. What will happen? -
ANSWER: Jane will have her application denied.
A veteran sales associate's license expired on September 30. What will be the status
of the license on Oct. 1? - ANSWER: The license is involuntarily inactive.
Katherine loves to show and sell houses for others for compensation. She has been
doing so for two years and without a license. She has been caught and she wants to
obtain a license. What is likely to happen? - ANSWER: The FREC may deny her license
since she was holding herself out to be a licensee, practicing real estate in the
previous year.
The Real Estate Recovery Fund - ANSWER: Was designed to serve as consumer
protection for those consumers who were harmed in a real estate transaction.
Jane is a college graduate with a four-year degree in real estate. She has a sales
associate's license and seeks to renew the license for the second time. What must
she do? - ANSWER: She must take 14 hours of continued education. She must fill out
the form, pay the fee, and return it before the expiration date.
In a licensee's personal business budget, a trade association fee would qualify as
what type of expense? - ANSWER: Operating expense
What does it mean to "qualify" a seller in real estate? - ANSWER: To find out if the
seller is truly ready to sell
When you are developing your Target Market Summary, you should: - ANSWER:
Select an area with which you are familiar and in which you are comfortable.
,You are scheduled for "floor time" tomorrow. What is "floor time"? - ANSWER: When
an agent is in the office to receive phone calls from prospective clients
A possible client walks into your office and says he wants to buy a house. He has not
talked to a mortgage agent yet, but he says he can pay 25% down and already knows
how much of a monthly payment he can afford. He wants to move in the next 90
days. What should your next step be? - ANSWER: Advise him to speak with a
mortgage agent and get, at minimum, pre-qualified, but preferably pre-approved for
a loan.
Which of the following is a benefit of developing a Business and Marketing Plan? -
ANSWER: It will help you set clear goals and stay focused.
One of your least favorite things to do is write your monthly newsletter. But it has to
be out by the end of the week, and you have scheduled yourself time to work on it
today. Where should it be on your "to-do" list? - ANSWER: First on the list so you can
get it over with and move on to things you enjoy.
According to the course, people should have - ANSWER: Three months' salary in
savings.
You have been an agent for six months. You are reviewing your activities and their
results. You find that you are getting one listing appointment for every 20 expired
listings you call. You also find that you are getting one for every ten FSBOs you call.
You should: - ANSWER: Spend less time on Expireds and more on FSBOs, since that is
where you are getting the best results.
You are creating a form to track your performance as a Real Estate agent. What
activity should not be included on the form? - ANSWER: Floor time. Because it is
scheduled by your office, and you can use the time for other things; it does not need
to be tracked.
What type of legal notice would most likely provide leads? - ANSWER: Foreclosures
Which of the following is NOT an exception to the Do-Not-Call laws? - ANSWER: You
can call as long as you block your company name and number.
Which of the following is most important to have on a licensee's personal website? -
ANSWER: The licensee's contact information
Once you have sent your friends and family a letter of introduction regarding your
real estate practice: - ANSWER: You should follow-up with a phone call in a day or
two.
, When someone whose previous listing expired tells you mistakes the previous agent
made: - ANSWER: Comment on the action, not the agent, and explain how a
different action might produce different results next time.
What should you give to potential customers when prospecting door-to-door? -
ANSWER: Your business card
If you prefer meeting people face-to-face, select a neighborhood and go knocking on
doors. When you go, you should: - ANSWER: Dress professionally
You are trying to select a "farm" area and you have narrowed the choices down to
four areas, as follows. Among the alternatives, which would be the best choice? -
ANSWER: An area close to your own house, where the 125 homes are similar to
yours and familiar to you.
What is the primary advantage of selling your own home without an agent? -
ANSWER: That you do not have to pay $1000's in the form of a commission
When prospecting FSBOs: - ANSWER: Call and ask if you can view the house and ask
if they are willing to work with you if you find a buyer.
A house was listed for $400,000 and it sold for 93% of its listing price. There was no
mortgage lien on the property. The brokers' commission was 7% of the sales price.
Other closing costs came to 1% of sales price. What was the seller's net? - ANSWER:
$342,240
Which of the following questions will not help you determine a home's best list
price? - ANSWER: How much do you think your home is worth?
When developing a marketing plan for the CMA you should: - ANSWER: Include how
often you intend to hold open houses.
According to what theory should an aged house be demolished and replaced with
high-rise condominiums? - ANSWER: Highest and Best Use
When determining market value of a home, "conformity" means: - ANSWER: That
the homes in a particular neighborhood should be similar in size and style.
The benefit of including in your CMA similar homes that listed but did not sell is: -
ANSWER: It shows your clients that comparable but expired listings may have been
overpriced.
What is one benefit you CANNOT offer to someone who lists with you? - ANSWER: A
guarantee that the house will sell in 60 days or less.
If your sellers have painted their living rooms walls a bright blue, you should: -
ANSWER: Suggest they paint over it with a more subtle, neutral color.
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