FL Real Estate License Practice Exam 3 Questions and Correct Answers, Complete Solution 2024.
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FL Real Estate License
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FL Real Estate License
FL Real Estate License Practice Exam 3 Questions and Correct Answers, Complete Solution 2024.
The respondent in a complaint has how many days in which to file an appeal to the final order issued by the Florida Real Estate Commission?
a. Seven
b. Ten
c. Fourteen
d. Thirty
D
In order to re...
fl real estate license practice exam 3 questions a
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FL Real Estate License Practice Exam 3
Questions and Correct Answers, Complete
Solution 2024.
The respondent in a complaint has how many days in which to file an appeal to
the final order issued by the Florida Real Estate Commission?
a. Seven
b. Ten
c. Fourteen
d. Thirty
D
In order to renew an initial broker license, a broker must:
I. Take fourteen hours of continuing education
II. Complete the proper form and pay the required fee
III. Successfully complete sixty hours of post licensing course during his or her
initial issue of licensing
IV. Pay proper fee only, since there is no educational requirement if the license is
inactive
a. I and II
b. II and III
c. I, II, and III
d. I, III, and IV
B
An agency relationship can be terminated by:
a. Fulfillment of the contract
b. Cancellation of the contract
c. Performance
d. Any of the above
D
Randy bought a rental list from Broker Dave on July 1 for $200. After previewing
the potential units available for rent, Randy decides to remain at his present
location. In order for Randy to get his full deposit back, what is the deadline to
make this request?
a. July 15
b. July 25
c. July 31
d. Randy is not entitled to get his full deposit back.
D
,Brokers are allowed to do the following EXCEPT:
a. Offer a hot-tub to the first ten buyers.
b. Offer a lottery for a hot-tub to the first ten buyers.
c. Use puffery in advertising.
d. Advertise listings outside the state.
B
The words in a deed which state that the grantor has the legal right to convey title
is known as:
a. Warrant of fiduciary
b. Warrant of quiet enjoyment
c. Warrant for seisen
d. Warrant of disposition
C
Michelle, a sales associate for Dolphin Realty, was asked to write all advertising
for the company. Which of the following statements best applies?
a. This is a violation of Chapter 475 F.S. because the broker is the only person
authorized to write advertisements.
b. This is a violation of Chapter 475 F.S. because only the listing sales associate
can write advertisements.
c. This is not a violation of Chapter 475 F.S. because anyone in the office can
write advertisements, provided it is under the direct supervision of the broker.
d. This is not a violation of Chapter 475 F.S. because a sales associate may write
advertisements as long as the sales associate's name is in the advertisement.
C
What is the name of the imaginary line that runs east and west through
Tallahassee?
a. Range
b. Principal meridian
c. Prime meridian
d. Base line
D
Suzy Sales Associate received a binder deposit in the amount of $3,000 on
Monday, February 5th and was instructed to hold the check for two weeks until
the buyer was able to transfer funds to cover it. Suzy talked with the seller and he
agreed to this condition. Two weeks later the check was delivered to and
deposited by the broker. Is Suzy Sales Associate in violation of any laws?
a. Yes, the deposit should have been delivered to the broker immediately.
b. Yes, the deposit should have never been accepted without the broker's
permission.
c. No, Suzy was acting under the direct instruction of the buyer.
d. No, as long as the check ultimately was deposited before closing.
, A
Broker Fred sold Allen a house with the understanding that if Allen was not
satisfied with the purchase ninety days after the closing, Fred would purchase
the property back at the price paid. Which of the following is correct if sixty days
later Allen decided that he did not want the property?
a. As long as Broker Fred purchases the property as promised, no violations have
been committed.
b. If Broker Fred places his license inactive, he is not required to fulfill any
obligations made prior.
c. If Broker Fred purchases the property as promised, he may still be guilty of
misrepresentation.
d. If Broker Fred fails to purchases the property as promised, his license will
automatically be revoked.
A
After receiving conflicting demands over a $3,000 escrow deposit, Broker Bill
requested an escrow disbursement order from the FREC who directed Bill to
give the deposit to the seller. Following the disbursement, the buyer sued in court
for the deposit and obtains a judgment in the amount of $3,000. What
remedy may be available?
a. The broker must borrow the money to pay the buyer within thirty days.
b. The broker must ask the seller to give the money back to the buyer.
c. The buyer could have the claim paid by the recovery fund.
d. The buyer and seller must go to arbitration within thirty days.
C
David and his sister Laurie own a piece of property. If David dies and the property
passes to Laurie, how was the property probably held?
a. Tenancy in common
b. Estate for years
c. Joint tenancy
d. Life estate
C
If the DBPR believes that there has been a violation of the real estate license law,
they may:
a. Investigate only those individuals who hold a real estate license
b. Investigate any person thought to have been involved in the case
c. Investigate any person for any reason
d. Not participate in the investigation, this is a FREC matter only
B
When a complaint is filed with the DBPR regarding a criminal violation involving a
licensee, that information is then reported to the:
a. District Court of Appeal
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