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Course Exam Review for Tampa School of Real Estate Units 1 - 8, Tampa School of Real Estate Exam
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Course Exam Review for Tampa School of Real Estate Units 1 - 8, Tampa School of Real Estate Exam
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Course Exam Review for Tampa Schoolof Real Estate Units 1 - 8, Tampa School
of Real Estate Exam Review Units 9 - 19
✅✅
Someone who specializes in selling businesses would be referred to as? -
-Business broker
✅✅
Beginning construction on homes without having secured any buyers is referred to
as what type of construction? - -Spec Homes
✅✅
Florida Statute 475 Part IV allows a broker to place a lien for unpaid commission on
what type of transactions? - -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? -
-Reciprocity
✅✅
Who is exempt from the post licensing course? Attorney? 4 Year Real Estate Degree
Holders? - -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? - -2 years
✅✅
Does the required experience to become a broker have to be earned in Florida? -
-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? -
-One, a broker associate may only be issued one license that may be
registered with either a broker or owner developer.
How does the secretary of the DBPR gain their position? - ✅✅-Appointed by the
Governor, Confirmed by the Senate
Can the FREC imprison a licensee? - ✅✅-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 - -12 months
, ✅✅
What would a sales associate be issued if they are employed by an owner developer
that uses multiple entity names? - -A group license
A residential sale is defined as _______ or fewer units? - ✅✅-Four or fewer units
What is the assumed brokerage relationship in Florida? - ✅✅-Transaction Broker
If a transaction fails to close, how long must records be kept? - ✅✅-5 years
What are the ways to terminate a brokerage relationship - ✅✅-B - Bankruptcy
R- Renounce (Fired)
A- Agreement (Mutual
D- Death of Broker
F- Fulfillment
R- Revoke (Client Fires
E- Expiration
D- Destruction of Property
Which of the following is the least misleading advertisement and meets all
advertising requirements?
A) Call Tom at ABC Realty (813) 555-0505
B) Call Tom Jones Realtor at (813) 555-0505
✅✅-D) Call Toms Jones,
C) Call Tom Jones license #123456 at (813) 555-0505
D) Call Tom Jones, ABC Realty (813) 555-0505 (cell) -
ABC Realty (813) 555-0505 (cell)
✅✅
How long do you have to contact a past client that is on the do not call list? -
-18 months
A sales associate receives an earnest money deposit check on Friday and turns it
✅✅
over to their broker the same day. The broker must deposit the check by? -
-Wednesday
✅✅
How many days does a broker have to notify the FREC of conflicting demands? -
-15 business days
✅✅
Two parties who agree to have their dispute settled by a third party who will make a
binding decision are agree to a(n) - -Arbitration
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