Florida real estate frec - Study guides, Class notes & Summaries

Real Estate Brokerage (Ch. 1) A business in which real estate-related activities are performed under the authority of a licensed real estate broker Farming (Ch. 1) concentrating on one type or style of property in one particular area of neighborhood Property Transfer, Valuation & Marketing (Ch. 1) areas of expert knowledge that are required for all real estate licensees Residential Transaction (Ch. 1) F.S 475 The sale of any improved residential property of 4 units or f...

An economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. correct answers B) two successive quarterly increases in the gross domestic product. Explanation When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Sl...

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...

Florida Real Estate Final Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Tom intends to make application to become a Fla real estate sales associate. He must have a Social Security number, a high school diploma, be over 18, and be competent to negotiate. What is not required? Answer: To be a US Citizen Q: Mary has a 4 year degree in real estate. Mary must still attend the pre-licensing course and post-licensing education. What class...

Florida Real Estate STATE exam Questions and Answers 100% Pass The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a...

Florida Real Estate Exam (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Florida Real estate sales associates that desire to become brokers must wait _______ ________ before taking the state exam. Answer: one year Q: A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant for the same complex. Answer: $50 Q: ________ ________ education must be completed during the initial sales associates's license p...

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broker in a single agency relationship - Answer- Who is the ...

A $1.5 billion agency regulating one million professionals and businesses across some 200 licensee categories in Florida is: - The Florida Department of Business and Professional Regulation. Who elects the Chairperson of the FREC? - The FREC Members What is the primary mission of FREC? - To protect the public Nelson just received his Florida license. Which of the following will NOT be on the license? - An Equal Housing Opportunity Logo Broker Norman failed to display an office entrance sig...

Florida Real Estate License Law Questions and Answers 100% Pass Chapter 475 - Correct Answer ️️ -Real Estate License Law 1. Real Estate Brokerage 2. Appraisal 3. Commercial Sales Lien Rights 4. Commercial Leasing Lien Rights Chapter 455 - Correct Answer ️️ -Regulation of Business and Professions. Defines general practices and procedures of DBPR, including unlicensed practice of real estate. FS 120 - Correct Answer ️️ -Licensing and disciplinary procedures for real estate li...