100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Florida Real Estate Exam Questions With Marking Scheme(New Update)|Graded A+ $10.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Florida Real Estate
  4.  
  5. Florida Real Estate

Exam (elaborations)

Florida Real Estate Exam Questions With Marking Scheme(New Update)|Graded A+
 0 purchase
  • Course
  • Florida Real Estate
  • Institution
  • Florida Real Estate

Florida Real Estate Exam Questions With Marking Scheme(New Update)|Graded A+ The _______________________ determines monetary policy in the U. S. by controlling the availability of money. - Answer-Federal Reserve System /.The Homestead Act was passed primarily to - Answer-exempt property from ...

[Show more]

Preview 2 out of 15  pages

Document information

  • November 6, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • florida real estate exam
  • florida real estate exam questions
  • florida real estate exam questions with
  • florida real estate exam questions with marking
  • questions with marking schemenew updategraded

Written for

  • Florida Real Estate
  • Florida Real Estate

Seller

avatar-seller
kartelodoc

Reviews received

Content preview

Florida Real Estate Exam Questions
With Marking Scheme(New
Update)|Graded A+
The _______________________ determines monetary policy in the U. S. by controlling
the availability of money. - Answer-Federal Reserve System

/.The Homestead Act was passed primarily to - Answer-exempt property from forced
sale

/.A sales associate authorized to negotiate a sale of property has the authority to -
Answer-work under the direction of a broker or in some cases an owner-developer

/.The sales specialty that involves the knowledge of regulated land use, environmental
considerations, transportation, labor costs and utility charges is - Answer-industrial

/.A real estate agent's trade association that requires raising the professional and ethical
standards of their members is the - Answer-National Association of Realtors.

/.Property management customarily includes all these but - Answer-representation of
the tenant

/.Property management in the real estate business has gained popularity and
importance due to - Answer-the growth in absentee ownership.

/.The sales associate who can explain property taxes and homestead exemptions, in
addition to helping prospective buyers obtain financing, is a - Answer-residential
specialist

/.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 - Answer-illegal, since sales associate violated Chapter 475, F.S.

/.The product that all real estate professionals sell is - Answer-their expert knowledge

/.Which area of real estate requires the highest degree of expertise? - Answer-
Counseling

/.A licensed appraiser is compensated for an appraisal - Answer-with a flat fee

/.Sales associates who fail to complete the post-licensing education requirement after
24 months and want to continue in the real estate business are required to requalify for

, licensure by - Answer-repeating the pre-licensure class, passing the end-of-course
examination, and passing the state licensure examination.

/.After completing the 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 for active and inactive licensees.

/.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 - Answer-
not required to obtain a real estate license.

/.Since performing a broker price opinion or comparative market analysis constitutes
real estate brokerage activity, the compensation collected in connection with that activity
must be paid to the - Answer-sales associate's Broker/brokerage.

/.A licensee may substitute attendance at one legal agenda session of the FREC for -
Answer-three hours of continuing education credit.

/.An unlicensed personal assistant may be at an open house and can - Answer-hand
out materials

/.As a licensed sales associate, you have decided to hire someone to help with your
business, so you hire an unlicensed personal assistant. They can - Answer-gather
information for a comparative market analysis

/.A manager is a salaried manager of a 20-unit condominium complex. An owner of one
unit is leaving town for six months. If the manager rents the owner's unit to a student for
the six-month period, does he need a real estate license? - Answer-No, because the
rental period arranged was for not more than one year

/.Which Florida Administrative Code expands upon the statutory provisions of Chapter
475, Florida Statutes - Answer-61J2

/.In addition to Chapter 475, The Florida Statute that defines the general legal practice
and procedure for the Department of Business and Professional Regulation (DBPR) and
the licensees of all professions, including real estate, is - Answer-455

/.FREC has the authority to discipline Florida-licensed, real estate professionals under
what Florida State Statute? - Answer-Chapter 455

/.On the seven total members of the FREC, two must be - Answer-never licensed as
real estate sales associates or brokers.

/.If a real estate licensee believes a rule or guideline that substantially affects him is not
valid and needs to be changed, recourse should be sought by - Answer-petitioning for
an administrative determination before the Florida Real Estate Commission.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller kartelodoc. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67418 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.99
  • (0)
Add to cart
Added