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Exam Review (Tampa School of Real Estate) exam with correct answers 2024
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Exam Review (Tampa School of RealEstate) exam with correct answers 2024
What are the three areas of expertise where real estate professionals are
qualified to provide expert information? - ANSWER-1. Property Transfer
2. Market Conditions
3. How to market real estate & business.
When would a property manager need an active real estate license? - ANSWER-
If the property manager is being paid as a commission or transactional basis.
Does bankruptcy have to be disclosed on a license application? - ANSWER-No.
A timeshare owner is selling their portion of the timeshare for sale by owner,
are they required to have a real estate license? - ANSWER-No.
How many broker associate licenses may a licensee hold? - ANSWER-Only one
(Brokers may have more than one).
What chapter of the Florida statues defines legal practice and procedure for
the department of business and professional regulation? - ANSWER-Chapter
455.
What must members of the military do to obtain a reciprocal license in Florida?
- ANSWER-Submit a Florida real estate license application.
Who appoints the DBPR secretary? - ANSWER-The Governor, subject to state
senate confirmation.
, Exam Review (Tampa School of Real
Estate) exam with correct answers 2024
When would a broker need multiple licenses? - ANSWER-If they are a broker
for two or more separate brokerage entities.
If a sales associate wants to become a member of the Florida Real Estate
Commission, what is required? - ANSWER-Active experience from the last two
years.
Executive power allows the Florida Real Estate to... - ANSWER-Regulate and
enforce license law.
Which duty has a transaction broker violated if they disclose to the buyer that
the seller will accept a lower price than listed? - ANSWER-Limited
confidentiality.
What would cause termination of a brokerage relationship? - ANSWER-
Bankruptcy, Revocation, Agreement, Destruction, Fulfillment, Renouncement,
Expiration, Death.
Which types of transactions require brokerage relationship disclosures? -
ANSWER-Residential Sales.
Which duties are required in all relationships? - ANSWER-Account for all funds,
Disclose all material facts, Deal honestly and fairly.
Which of the following is the least misleading advertisement and meets all
advertising requirements? - ANSWER-Call Tom Jones, ABC Realty (813)-555-
0505 (Cell)
Last name, Brokerage, Phone #.
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