100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
FLORIDA Real Estate Pre-license Exam Review Questions and Answers $9.99   Add to cart

Exam (elaborations)

FLORIDA Real Estate Pre-license Exam Review Questions and Answers

 7 views  0 purchase
  • Course
  • Florida real estate
  • Institution
  • Florida Real Estate

FLORIDA Real Estate Pre-license Exam Review Questions and Answers Real Estate Business - Answer-Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that perta...

[Show more]

Preview 3 out of 17  pages

  • October 3, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Florida real estate
  • Florida real estate
avatar-seller
EmillyCharlotte
EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024

FLORIDA Real Estate Pre-license Exam
Review Questions and Answers

Real Estate Business - Answer✔✔-Is composed of many specialization's:


- (1)Details of Property Transfer

-Knowledge of:

(2)market conditions

(3)how to market real estate business

(4)how to analyze buyers needs

(5)laws that pertain to real estate

Real Estate Brokerage - Answer✔✔-Is the bringing together of buyers and sellers,

owners and renters and completing real estate transactions.

***How can a agent maintain good standing with clients? (After title closing)*** -

Answer✔✔-***Follow Up. This will result in a good reputation and FUTURE

REFERRALS and word-of-mouth advertising.***

What are the 5 major sales specialties? (Types of properties/lots) - Answer✔✔-

Residential. (Remember 4-10 Rule: any vacant land zoned for 4 or fewer residential

units OR agricultural property of 10 or fewer acres.){A condo is considered a single

family home}

Commercial.

Industrial.

1/17

,EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024
Agricultural.

Business. (Considered "business brokers." ***Presumption in Florida that businesses

include real property***)

What is a Farm Area? - Answer✔✔-When brokers/sales associate become an expert

in one portion of the city.

What is the difference between a rental agent and a property manager? - Answer✔✔-

Rental Agent: find a tenant & collect fee.

Property Manager: continue to manage property after tenant is secured.

What is an absentee owner? - Answer✔✔-is a property owner who does not reside

on property/often relies on professional property manager to manage investment.

Can a real estate broker / sales associate appraise a property for compensation? -

Answer✔✔-Yes, but CANNOT say they are state certified, registered trainee, or

licensed appraisers.

When conducting appraisals, must follow what set of guidelines? - Answer✔✔-

Uniform Standards of Professional Appraisal Practice (USPAP) (Best Practices)

What is a brokers price opinion (BPO)? Can a real estate licensees charge for these? -

Answer✔✔-It is the opinion of value of real property, and yes as long as it is not

considered an appraisal.

***Who does the commission for a BPO, or for any service of real estate, go to?

a)broker associate

b)sales associate


2/17

, EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024
c)broker - Answer✔✔-***C. Compensation can not be paid directly to associates.

Who may use the term REALTOR? - Answer✔✔-REALTOR and real estate licensee

are not synonymous. REALTORS are members of a local board of realtors (privately

run organization).

Who created the MLS (Multiple Listing Service) database? - Answer✔✔-National

Association of Realtors.

Applicants should be familiar with these laws an rules and their respective subsections:

- Answer✔✔-(F.S. = Florida Statute)

F.S. 20

F.S. Chapter 475

-Part 1. pertains to real estate brokerage

-Part 2. pertains to real estate appraisers

-Part 3. Commercial Real Estate SALES Commission Lien Act (Lien is only on owners

net proceeds)

-Part 4. Commercial Real Estate LEASING Commission Lien Act. (Gives broker lien

rights)

F.S. 455

Chapter 61J2

***When going through application process what should applicant NOT exclude? -

Answer✔✔-***Cautioned to complete carefully, and to fully disclose any background

criminal history EVEN IF conviction was withheld adjudication. {It is the applicants

responsibility to verify these things}

3/17

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83637 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart