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CH 1 - 13 Combined (45 Hour Post-license 1st renewal) questions with correct answers.
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CH 1 - 13 Combined (45 Hour Post-license 1st renewal) questions with correct answers.
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CH 1 - 13 Combined (45 Hour Post-license 1st renewal) questions with
correct answers.
Greg grew up and lives in a rural farming area. He's very comfortable selling that type of property and
knows he can work well with clients in that area. What property type will most likely be his speciality?
A. Timeshare/Vacation
B. Industrial
C. Commercial
D. Agricultural ANS -D. Agricultural
What area of RE deals with absentee owners who buy income producing property as an investment?
A. Special use
B. Residential
C. Property Management
D. Agricultural ANS -C.Property Management
All of the following are considered residential property according to the Florida statutes, EXCEPT?
A. two -acres of farmland
B. A condominium unit
C. A vacant lot zoned for a single-family home
D. A 50-unit motel ANS -D.A 50-unit motel
,Jake has decided to specialize in working with clients who purchase and sell investment property such as
malls and shopping centers. In what property type will jake specialize?
A. Agricultural
B. Residential
C. Commercial
D. Industrial ANS -C. Commercial
All of the following duties are included in the NAR Code of Ethics EXCEPT?
A. Duties to the Department of Business and Professional Regulation (DBPR)
B. Duties to clients and customers
C. Duties to other real estate licensees
C. Duties to the public in general ANS -A. Duties to the Department of Business and Professional
Regulation (DBPR)
Which of these is the largest national real estate organization in the United States?
A. MLS
B. Florida Association of REALTORS
C. Local Association of REALTORS
D. National Association of REALTORS ANS -D. National Association of REALTORS
When presenting themselves to the public, who may use the designation of REALTOR?
A. Anyone with a RE license
B. Anyone performing RE related services
C. Only members of NAR
,D. Any licenses RE broker ANS -C. Only members of NAR
Even if you have been in RE business for many years, you need to continue your RE _________ to ensure
long-term success.
A. Logo
B. Jargon
C. Education
D. Business cards ANS -C. Education
Attaining ________ will increase your credibility in the marketplace and provide another tool to
separate you from the competition.
A. Fancy cars
B. Expensive marketing experts
C. Designations and certifications
D. Large offices ANS -C. Designations and certifications
Which of the following is a common NAR designation?
A. REE - Real Estate Expert
B. ASAP - American Sales Associate Profession
C. GRI - Graduate, REALTOR Institute
D. MRET - Master Real Estate Trainer ANS -C. GRI - Graduate, REALTOR Institute
In what three areas in a RE professional is expected to have expert knowledge?
A. Valuation, Marketing, Property Transfer
B. Banking, Technology, Marketing
C. Federal regulations, Forms Programs, Goal Setting
, D. Property Management, MLS use, Valuation ANS -A. Valuation, Marketing, Property Transfer
Comparative market analysis (CMA) preparation and investment analysis fall under which category?
A. Multiple Listing Service
B. Marketing Skills
C. Valuation
D. Interpreting Deeds ANS -C. Valuation
Listing contracts, disclosures, and seller net sheets all have to do with an understanding of which skill
set?
A. Property Transfer
B. Marketing
C. Product Knowledge
D. Valuation ANS -A. Property Transfer
Specific knowledge on market statistics, available inventory, and distressed properties have to do with
an understanding of which knowledge base?
A. Product Knowledge
B. Valuation
C. Procedural Skills
D. Marketing Skills ANS -A. Product Knowledge
What percentage of buyers start their search for a new home on the internet?
A. Less than 30%
B. More than 85%
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