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Florida RE License Comprehensive Exam Practice Questions and Answers

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Florida RE License Comprehensive Exam Practice Questions and Answers It's a sign that the overall economy is strong if which of the following things is healthy? - ANSWER- Real Estate Market Real Estate licensees, who deal in which type of property must be able to show its potential for after-ta...

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  • October 30, 2024
  • 40
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 2025 Tests
  • 2025 Tests
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Emillect
©EMILLECT2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Florida RE License Comprehensive Exam

Practice Questions and Answers


It's a sign that the overall economy is strong if which of the following things is healthy? - ANSWER✔✔-

Real Estate Market


Real Estate licensees, who deal in which type of property must be able to show its potential for after-tax

gains? - ANSWER✔✔-Commercial


Real estate licensees may not conduct appraisals involving which type of transaction? - ANSWER✔✔-

Federally backed


What is one of the best ways for real estate licensees to promote future referrals, a good reputation, and

word of mouth advertising? - ANSWER✔✔-Follow-up with clients


which of the following is not a primary area of sales specialty for real estate licensees - ANSWER✔✔-

farmland


Who works for a real estate broker - ANSWER✔✔-sales associate


real estate finance knowledge and the ability to communicate it to prospective buyers is perhaps more

important than being a great - ANSWER✔✔-show person

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FIRST PUBLISH OCTOBER 2024




Real estate licensees who choose this area must be adept with highly technical information concerning

proposed land-uses and related land-use activities. What area of specialization is this? - ANSWER✔✔-

Industrial


The target area of a real estate licensee becomes known as that agent's - ANSWER✔✔-farm area


Which of the following transactions are not conducted by real estate licensees - ANSWER✔✔-net income


which type of map is produced to demarcate the scale and positioning of lots before land development

begins? - ANSWER✔✔-subdivision plat


Local associations (or boards) of realtors are one offspring of the - ANSWER✔✔-National Association of

Realtors (NAR)


For a sales associate to use the term REALTOR, he or she must only - ANSWER✔✔-All of the above


Which of the following is not a phase of land development - ANSWER✔✔-allocation


what is the largest trade association in the world - ANSWER✔✔-national association of Realtors (NAR)


Streets are first constructed by the developer. How does the developer make them available for public

use? - ANSWER✔✔-Dedicated


Which of the following play a significant role in formulating land-use regulations? - ANSWER✔✔-Federal,

state, and local


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FIRST PUBLISH OCTOBER 2024




Which entity sponsors educational resources for real estate licensees while promoting adherence to a

professional standard - ANSWER✔✔-NAR


Which of the following homes is not a type of residential construction - ANSWER✔✔-model homes


How does the national association of REALTORS lay out those guidelines considered acceptable for

licensees within the real estate industry - ANSWER✔✔-Code of ethics and standards of practice


A real estate licensee specializing in commercial property would - ANSWER✔✔-potential for after-tax

gains


who can conduct appraisals involving federally backed transactions - ANSWER✔✔-licensed or state-

certified appraisor


where can you find ethical guidelines for real estate licensees? - ANSWER✔✔-NAR Code of ethics

guidelines for real estate licensees


what is one of the activities of the national association of realtors? - ANSWER✔✔-Sponsor educational

resources for its members


which of the following guidelines stiputaltes that licensees and appraisers mist not receive commission

or a percentage - ANSWER✔✔-USPAP Ethics Rule


Which professional acts as intermediary between borrowers and lenders who conduct primary loan

transactions - ANSWER✔✔-mortgage loan originators

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, ©EMILLECT2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




which entity considers a transaction that uses a federal source - ANSWER✔✔-financial institutions

reform recovery and enforcement act


If an appraiser were paid a percentage of the appraised property value, the appraiser might be tempted

to inflate the vlaue of that property. So an appraisal is viewed as a(n) - ANSWER✔✔-check and balance


which of the following figures would be determined by analyzing similar homes in the neighborhood that

have recently sold? - ANSWER✔✔-Market Value


a property buyer will often pay for which of the following things when applying for a loan? -

ANSWER✔✔-Appraisal


What is a typical activity for a real estate broker - ANSWER✔✔-title transfers


a real estate licensee specializing in industrial properties would need knowledge in which area -

ANSWER✔✔-technical information regarding land uses


what is one of the services provided by multiple listing service - ANSWER✔✔-mapping software to

access internet property listings


what is an example of the land use regulations formulated by local and state governments? -

ANSWER✔✔-coastal management


which professional can use the term realtor in ads? - ANSWER✔✔-licensed NAR member




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