Sales Associate Pre-License Course Florida Real Estate Exam.pdf file:///C:/Users/HP/Desktop/NIW/Sales%20Associate%20Pre-Licen
Sales Associate Pre-License Course Florida Real
Estate Exam
1. What does the term "farming" refer to in real estate?
ANS Specializing in one geographic area
2. A developer contracts to build a home according to the buyer's specifica- tions. This is
an example of which type of building?
ANS Custom
3. The federal, state, and local governments all play a role in the regulation of real estate.
In which of the following area would the LOCAL government have the most impact?
ANS Property taxes, building moratoriums, and zoning
4. Real estate licensees are expected to be knowledgeable in all of the follow- ing areas,
EXCEPT
ANS Accounting
5. An appraiser who is registered, licensed, or certified under F.S. 475, PART 2, must be
utilized in which of the following?
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ANS All appraisals
6. A sales associate failed to complete the required post-license education prior to
renewal. What is the status of the license?
ANS Void
7. What are the minimum employment requirements for a licensed sales asso- ciate to
qualify for a real estate brokers license?
ANS Employed for 24 months under one or more actively licensed brokers within 5 years
8. What must an applicant for a real estate license do if he or she has been convicted of a
crime
ANS The applicant must disclose all convictions on the application
9. Which condition must exist for an applicant to qualify for a Florida real estate
license?
ANS The applicant must have a high school education or equivalent
10. Which of the following statements best describes an attorney-in-fact?
ANS An attorney-in-fact is authorized by a power of attorney to act for another.
11. What is a broker associate?
ANS A broker who is employed as a sales associate
12. The departments of Business and Professional Regulation had the author- ity to issue
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all of the following, EXCEPT
ANS an Injunction (can seek it in court)
13. After being active in the real estate business for over 5 years, a licensee's license
expired on September 30th. What is the status of the license on October 1st?
ANS Involuntary Inactive
14. A sales associate is employed by a broker Monday-Friday and for a builder on the
weekends.The sales associate feels the added experience is beneficial especially since both
employers pay an attractive commission split. Which statement is correct?
ANS This arrangement violates the license law
15. As an agent, a broker is employed by and acts on behalf of whom?
ANS A principal (employer)
16. Broker Joan just received an oral offer to purchase a listed property. No earnest
money accompanied the oral offer.Which of the following statements is correct?
ANS Joan must present the offer. (all offers must be presented, unless the seller say otherwise)
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