FLORIDA REAL ESTATE EXAM BUNDLE 2023

Joint Ventures - ANSWERSis a temporary form of business arrangement often encountered in real estate business. Trade Names - ANSWERSis a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - ANSWERSAdminis...

The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law - ANSWERSD. FREC and the license...

Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REA...

Absentee Owner - ANSWERSA property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title - ANSWERSA compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the ...

When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - ANSWERSthe licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the follo...

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 ...

In which area of brokerage has absentee ownership increased the demand? - ANSWERSProperty management How is a real estate appraiser typically paid? - ANSWERSA fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve - ANSWERSA subdiv...

Q. Which statement is FALSE regarding a corporation for profit that is doing business as a real estate broker? - ANSWERSA. All stockholders must be registered with the FREC as inactive brokers. Q. A real estate license may be revoked without prejudice for which action? - ANSWERSA. Issuance of a l...

A sales associate was issued a citation for failing to timely notify the Commission of her change of address. How many days does the licensee have to either pay the citation or file an objection to the alleged violation? - ANSWERS30 days Pam's home has an assessed value of $301,000. She qualifie...