FL R.E.I. Pre License Exam Non-State TLO 1 Test Review Questions and Correct Answers.
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FL R.E.I. Pre License
FL R.E.I. Pre License Exam Non-State TLO 1 Test Review Questions and Correct Answers.
A developer submits a "___________-________________ ________________ ___________ to the "local legislative body" (county commission or city council) for approval. The __________ ___________ is then recorded in ...
FL R.E.I. Pre License Exam Non-State TLO 1
Test Review Questions and Correct Answers.
A developer submits a "___________-________________ ________________
___________ to the "local legislative body" (county commission or city council)
for approval. The __________ ___________ is then recorded in public records of
the county
A developer submits a "Sub-Division Plat Map" to the "local legislative body" (county
commission or city council) for approval. The plat map is then recorded in public
records of the county
Chapter 1. #21:
Sub-Division Plat Map; Approval and Recordation
Chapter 2: #10,
US citizenship; NOT requirement for licensure.
an applicant for a real estate license is not required to be 1) a Florida resident or 2) a
US citizen (12)
A Georgia real estate licensee moves to Florida " 5 months ago" the Georgia
licensee wants to obtain a Florida sales associate license based on " Mutual
recognition". The Georgia licensee must complete the ___-hour pre-licensing
course and pass a ____-question Florida licensing exam. this person is a Florida
resident after __ months and does not qualify under the Mutual recognition rule
(22.23)
a Georgia real estate licensee moves to Florida " 5 months ago" the Georgia licensee
wants to obtain a Florida sales associate license based on " Mutual recognition". the
Georgia licensee must complete the 63-hour pre-licensing course and pass a 100-
question Florida licensing exam. this person is a Florida resident after 4 months and
does not qualify under the Mutual recognition rule (22.23)
Chapter 2: #25,
Mutual recognition; summary points.
A real estate licensee who holds a license that expires on or after September
30th, 2018 must take once during each renewal period
1) 3 hours of ______ ___________;
2) 3 hours of __________ ________
3) 8 hours______________ _____________
A real estate licensee who holds a license that expires on or after September 30th,
2018 must take once during each renewal period
1) 3 hours of core law;
2) 3 hours of business ethics; and
3) 8 hours of specialty education
Chapter 2: #33,
continuing education; subject matter requirement.
,Is a salaried manager of a condominium apartment complex who rents units for
periods greater than one year ( such as two years) exempt from the real estate
license requirement. (30)
NO
being a salaried manager of a condominium apartment complex who rents units for
periods greater than one year ( such as two years) is not exempt from the real estate
license requirement. (30)
Chapter 2: #52,
Exemption, salaried manager of a condominium
A sales associate license expired on September 30th. on October 5th, the
associate is the procuring cause of sale of a listed property. Is the associate
entitled to a commission or compensation when the sale closes?
No
A sales associate license expired on September 30th. on October 5th, the associate is
the procuring cause of sale of a listed property. when the transaction closes, the
associate is not entitled to a commission or compensation. ( textbook 3-6)
Chapter 3: #5
inactive status; no right to compensation
A ________________ ___________________ is prepared and use to determine if
there is an encroachment where a man made improvement without legal
authorization crosses the boundary line of the parcel of land.
A land survey is prepared and use to determine if there is an encroachment where a
man-made improvement without legal authorization crosses the boundary line of the
parcel of land
Chapter 10 legal descriptions: 4 encroachment unlawful use survey.
The developer owns three subdivision properties in the names of three different
entities. a sales associate or broker associate may be employed by the owner-
developer on a commission basis to sell Lots in the three subdivisions if the
associate is issued a _______________ ___________
The developer owns three subdivision properties in the names of three different entities.
a sales associate or broker associate may be employed by the owner-developer on a
commission basis to sell Lots in the three subdivisions if the associate is issued
a group license (14)
Chapter 3: #30
group license summary points,
In a single Agent form of representation, is a single agent disclosure required for
listing to sell a 10-acre tract of agricultural land (9-8)
yes , for all residential sales
1- improved residential property of 4 units or fewer
2- unimproved property zoned for 4 units or less
3- agricultural property of 10 acres or less.
In a single Agent form of representation, a single agent disclosure is required for a
listing to sell a 10-acre tract of agricultural land (9-8)
Chapter 4:#14
Disclosure notice; residential sale
, Chapter 4: # 29
transaction broker; present all offers
a seller that resides out of state accepts a $200,000 offer on the phone and request that
the associate mail the written offer to him. another associate of the broker comes into
the office shortly thereafter with a written offer of $210,000 for the seller's property. the
listing associate must present both offers immediately (11,13)
Chapter 4: # 44
sales associate; fiduciary duty to broker
A sales associate shows her friend a house while employed by broker A. Associate
learns that she can earn a higher commission split with broker B. her friend contracts to
purchase the house through broker B. this is a violation of Associates fiduciary
relationship with broker a. (20-21)
Chapter 4: #51
Condition of title disclosure requirement
during a listing appointment, the associate must disclose the lien to a prospective buyer
before he or she submits an offer to purchase the property (22)
Mary and Jim are sales associates of XYZ Realty but work in different branch
offices. Mary obtains a listing to sell Martha's home under a single agent
agreement. Jim finds investor John who is interested in purchasing several
single-family investment properties. John enters into a single agency agreement
with XYZ Realty. John becomes interested in Martha's house. Before showing
Martha's property to John, what must the seller and the buyer do?
Mary and Jim are sales associates of XYZ Realty but work in different branch offices.
Mary obtains a listing to sell Martha's home under a single agent agreement. Jim finds
investor John who is interested in purchasing several single-family investment
properties. John enters into a single agency agreement with XYZ Realty. John becomes
interested in Martha's house. Before showing Martha's property to John, the seller and
the buyer must each consent to transition to the transaction broker and each
must sign the required disclosure notice form. (13, 16)
Chapter 4: # 37
Consent to transition; disclosure requirement
The following entities may be registered and licensed as a Florida real estate
broker:
** a ____________is not allowed since it is a corporation sole
The following entities may be registered and licensed as a Florida real estate broker:
sole proprietorship,
Corporation for profit,
Corporation not-for-profit,
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