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Course Exam Review for Tampa School of Real Estate exam with complete solutions.
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Course Exam Review for Tampa School of Real Estate exam with complete solutions.
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Course Exam Review for Tampa Schoolof Real Estate exam with complete
solutions
Someone who specializes in selling businesses would be referred to as? -
ANSWER-Business broker
Beginning construction on homes without having secured any buyers is
referred to as what type of construction? - ANSWER-Spec Homes
Florida Statute 475 Part IV allows a broker to place a lien for unpaid
commission on what type of transactions? - ANSWER-Commericial Leases
If a member of the US Armed Forces has a real estate license in another state,
Florida must issue them a real estate license. This concept is known as? -
ANSWER-Reciprocity
Who is exempt from the post licensing course? Attorney? 4 Year Real Estate
Degree Holders? - ANSWER-4 Year Real Estate Degree Holders
How much active experience under a broker must a sales associate obtain to be
eligible for a broker license? - ANSWER-2 years
Does the required experience to become a broker have to be earned in Florida?
- ANSWER-No, experience may be obtained under a Florida broker or a broker
in another state.
How many Florida broker associate licenses may a real estate licensee hold? -
ANSWER-One, a broker associate may only be issued one license that may be
registered with either a broker or owner developer.
, Course Exam Review for Tampa School
of Real Estate exam with complete
solutions
How does the secretary of the DBPR gain their position? - ANSWER-Appointed
by the Governor, Confirmed by the Senate
Can the FREC imprison a licensee? - ANSWER-No, the FREC does not have the
power to impose imprisonment.
If you did not complete the 14 hour continuing education by your renewal
deadline, you can still complete the course with the next - ANSWER-12 months
What would a sales associate be issued if they are employed by an owner
developer that uses multiple entity names? - ANSWER-A group license
A residential sale is defined as _______ or fewer units? - ANSWER-Four or
fewer units
What is the assumed brokerage relationship in Florida? - ANSWER-Transaction
Broker
If a transaction fails to close, how long must records be kept? - ANSWER-5
years
What are the ways to terminate a brokerage relationship - ANSWER-B -
Bankruptcy
R- Renounce (Fired)
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