Florida Real Estate Exam Questions with Actual And Detailed Answers
5 views 0 purchase
Course
Florida real estatev
Institution
Florida Real Estatev
Florida Real Estate Exam Questions with Actual And Detailed Answers
Owners that buy income properties as investments and depend on professionals to manage them - Answer-Absentee Owners
/.a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal -...
Florida Real Estate Exam Questions with
Actual And Detailed Answers
Owners that buy income properties as investments and depend on professionals to
manage them - Answer-Absentee Owners
/.a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal - Answer-CMA -Comparative Market Analysis...
/.A contractor is employed by an owner of land to build on that land to the owner's
specifications - Answer-Custom Building
/.When a contractor builds on his own land with the hope of locating a purchaser after
construction has been completed - Answer-Speculative building
/.A developer that acquires a large that aquires a large tract of land and builds a model
center from which sales may be made - Answer-tract building
/.Property management has grown as a service of real estate primarily bc of an increase
of _______ _________ - Answer-Absentee Ownership
/.The category of construction that applies when a property owner employs a contractor
to build on his or her lot is called________ ___________ - Answer-Custom Building
/.A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - Answer-C. the time and difficulty of the appraisal
/.A developer contracts to build a home on a buyer's lot to the buyer's specifications.
This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision - Answer-b. custom
/.A Florida Real Estate lisence is required when anyone performs a service is specified
under
F.S. 475 when all the following conditions are simultaneously present, unless that
individual is otherwise exempt under the law: - Answer-1. Preforming a service of real
estate
2. In the state of Florida
3. For another
, 4. For compensation
/._________ has been defined to include anything or any service of Value paid,
recieved or expected to be paid or recieved. - Answer-Compensation
/.The postlicense educational course for sales associate consists of ________ hours -
Answer-45
/.The continuing education requirement consists of ______ hours - Answer-14
/.Florida Real estate sales associates that desire to become brokers must wait _______
________ before taking the state exam. - Answer-one year
/.A tenant in an apartment complex may recieve up to ______ for refferal of a new
tenant for the same complex. - Answer-$50
/.________ ________ education must be completed during the initial sales associates's
license period. - Answer-Post Licensing
/.Owner-employers of licensed real estate sales associates are allowed to pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary - Answer-d. a commission or salary
/.To qualify for a real estate broker's license, an applicant must have been employed for
a minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker - Answer-c. 12 months under 1 or
more actively licensed brokers
/.How many hours of postlicense education are required to renew a brokers license? -
Answer-60 hours
/.How long can an voluntary inactive licencee remain in that lisence status? - Answer-
indefinately
/.The agreement the state of Florida has w/ some other states that recognises the
similarity in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing - Answer-b. mutual recognition
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 kartelodoc. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
