FLORIDA REAL ESTATE EXAM, PRACTICE
EXAM AND STUDY GUIDE NEWEST 2024
ACTUAL EXAM NEWEST 200 QUESTIONS AND
CORRECT DETAILED ANSWERS
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 - ANSWER>>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 - ANSWER>>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: - ANSWER>>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. - ANSWER>>Compensation
,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 - ANSWER>>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 - ANSWER>>c. 12 months under
1 or more actively licensed brokers
How many hours of postlicense education are required to renew a brokers license? -
ANSWER>>60 hours
How long can an voluntary inactive licencee remain in that lisence status? -
ANSWER>>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 - ANSWER>>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 - ANSWER>>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:
a. Georgia Autioneer violated the license law
b. Florida Broker did not violate the license law
c. Florida broker is not subject to discipline by the Florida real estate commision
d. tranaction is perfectly within the license law - ANSWER>>a. Georgia Autioneer
violated the license law
The Commission's ability to impose disciplinary actions against licensees is known as
______ _________ power - ANSWER>>quasi - judicial
The rule-making authority of the FREC is called ______ _________ power -
ANSWER>>quasi - legislative
Members of the Florida Real estate Commission may serve no more than _____
consecutive terms - ANSWER>>2
A licensee that fails to renew when required to do so will have his or her license placed
on _______ ________ - ANSWER>>involuntary Inactive
, Licensees that are members of the armed forces have all fees, dues and other
requirements waived during their military service and for _____ months after returning
to civilian life - ANSWER>>6
The division of Real Estate is an administrative part of the department of:
a. State
b. Commerce
c. Banking
d. Business and Professional Regulation - ANSWER>>d. Business and Professional
Regulation
which department issues real estate licenses?
a. state
b. Business and Professional Regulation
c. Revenue
d. Real Estate - ANSWER>>b. Business and Professional Regulation
Which information supplied by an applicant is Public Record?
a. financial Information
b. test scores
c. name and address
d. medical information - ANSWER>>c. name and address
The Florida Real Estate Commission held a meeting for the purpose of passing a new
rule. This is an exercise of which Commission power?
a. executive
b. quasi-legislative
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