45 Hour Post License Florida (100% Correct Answers)
Latest ( 2024/2025)
Farming correct answers Concentrating on one type of style of property or on one particular
neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: correct answers - Duplex
- improved residential property of four units or fewer, including condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved property of four or fewer
residential units
- dispositions of business interests for property of four or fewer residential units
absentee owners correct answers owners who buy income property as investments and depend on
professionals to manage them
All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be
developed and reported in conformity with the correct answers Uniform Standards of
Professional Appraisal Practice (USPAP)
The largest and most prestigious real estate organization in the world is ________. They work
for legislation enforce professional standards of conduct through its ________. correct answers
1. The National Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is _________ correct answers The Florida Association
of Realtors (FAR)
The duties required by the Code of Ethics are: correct answers 1. Duties to clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
Required Skills for the Real estate professional are: correct answers 1. Valuation - Must be able
to discern important differences between properties and know ho to translate those differences
into value. Must be able to conduct a CMA.
2. Marketing - must have an understanding of the tools and technologies available to market a
property.
3. Property Transfer - understand how to close a transaction
Mission Statement correct answers description of a desired outcome that excites, motivates, and
helps you to create a mental picture of your business goal.
Industrial Sales or Leasing correct answers include warehouses and manufacturing facilities.
Industrial sales and leasing generally involve user/owners, rather than investors.
, The law that specifically regulates real estate licensees, schools, and appraisers is _________
correct answers F.S. 475
The Range Of Penalties for disobeying FS 475 or 455 from lowest to highest is: correct answers
Reprimand, fine, probation, suspension, and revocation or denial.
Which is the maximum penalty for disobeying laws under FS 455 or FS 475 correct answers
Revocation or denial of license
If the licensee does not complete the 45 hour course before the expiration date of their first
renewal, the license becomes ____ correct answers void and the licensee will be out of business.
(have to start over everything)
When a sales associate changes employers, they must notify the Commission of the change no
later than ________ days after the change by using the form provided by the commission. correct
answers 10
Advertisements may not be correct answers fraudulent, false, deceptive, or misleading.
Advertising false, inaccurate, misleading or exaggerated information could result in
____________ correct answers the issuance of a citation and a fine of $500
A sales associate who receives a deposit must deliver it to the broker or employer no later than
correct answers the end of the business day following the receipt of the item to be deposited
A sales associate may not collect money in connection with a real estate transaction except
correct answers in the name of the employer (cannot be payed by buyer or seller)
A sales associate receives compensation only from his or her ______. A sales associate can
however be paid a portion of a commission by a closing agent if such instructions have been
provided in writing by the _____. correct answers 1. broker
2. broker
Single agents are held accountable for what four specific duties? correct answers 1.
Confidentiality
2. Obedience
3. Loyalty
4. Full Disclosure
Appraisals utilized by federally regulated lenders in federally related transactions be developed
and reported in conformity with the _______ correct answers Uniform Standards of Professional
Appraisal Practices (USPAP)
Assessed value is correct answers the value assigned by the property appraiser for ad valorem tax
purposes
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