Exam (elaborations)
Florida Real Estate Exam __ Questions With Complete Solutions
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- Florida Real
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- Florida Real
Florida Real Estate Exam __ Questions With Complete Solutions
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Florida Real Estate Exam __ QuestionsWith Complete Solutions
Owners that buy income properties as investments and depend on
professionals to manage them Correct Ans - Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal Correct Ans - CMA -Comparative
Market Analysis...
A contractor is employed by an owner of land to build on that land to the
owner's specifications Correct Ans - Custom Building
When a contractor builds on his own land with the hope of locating a
purchaser after construction has been completed Correct Ans -
Speculative building
A developer that acquires a large that aquires a large tract of land and builds a
model center from which sales may be made Correct Ans - tract
building
Property management has grown as a service of real estate primarily bc of an
increase of _______ _________ Correct Ans - Absentee Ownership
The category of construction that applies when a property owner employs a
contractor to build on his or her lot is called________ ___________ Correct Ans
- Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales Correct Ans - C. the time and
difficulty of the appraisal
,A developer contracts to build a home on a buyer's lot to the buyer's
specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision Correct Ans - b. custom
A Florida Real Estate lisence is required when anyone performs a service is
specified under
F.S. 475 when all the following conditions are simultaneously present, unless
that individual is otherwise exempt under the law: Correct Ans - 1.
Preforming a service of real estate
2. In the state of Florida
3. For another
4. For compensation
_________ has been defined to include anything or any service of Value paid,
recieved or expected to be paid or recieved. Correct Ans -
Compensation
The postlicense educational course for sales associate consists of ________
hours Correct Ans - 45
The continuing education requirement consists of ______ hours Correct Ans
- 14
Florida Real estate sales associates that desire to become brokers must wait
_______ ________ before taking the state exam. Correct Ans - one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new
tenant for the same complex. Correct Ans - $50
________ ________ education must be completed during the initial sales
associates's license period. Correct Ans - Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay
them:
a. on a salary basis only
b. on a commision basis only
, c. a commission , but not a bonus
d. a commission or salary Correct Ans - d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been
employed for a minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker Correct Ans - c.
12 months under 1 or more actively licensed brokers
How many hours of postlicense education are required to renew a brokers
license? Correct Ans - 60 hours
How long can an voluntary inactive licencee remain in that lisence status?
Correct Ans - indefinately
The agreement the state of Florida has w/ some other states that recognises
the similarity in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing Correct Ans - b. mutual recognition
A plumber has been appointed by a court to appraise a small business. The
plumber.......
a. is in violation of F.S. 475
b. is allowed to charge a commission
c. may do so and be paid a fee
d. must first be licensed under F.S. 475, Part II Correct Ans - c. may do
so and be paid a fee
A Georgia Auctioneer was asked by a local real estate broker to auction a small
motel in Jacksonville. The auction did not result in a sale. The Florida broker
paid the auctioneer for out-of-pocket expenses, but did not pay a commission.
It would be correct to say that the:
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