Florida real estate sales Study guides, Class notes & Summaries

POST-LICENSING PRACTICE EXAM FOR FLORIDA REAL ESTATE SALES ASSOCIATES

FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party cancels in writing. The listing contract is - ANSWER void. Unlicensed personal assistants - ANSWER who are directed by the sales associate in how to do their jobs cannot be classified as independent ...

Post-Licensing Practice Exam for Florida Real Estate Sales Associates Accurate 100% FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party cancels in writing. The listing contract is - ANSWER void. Unlicensed personal assistants - ANSWER who are dir...

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...

Florida Real Estate License Exam Questions And Answers With Verified Tests Florida Real Estate License Exam Questions And Answers With Verified Tests

Post-Licensing Practice Exam for Florida Real Estate Sales Associates Questions With Complete Answers, Scored A+

Spec Home a contractor who builds on their own lot in the hope of finding a purchaser upon completion. Residential Transaction The sale of any improved residential property of four units or fewer, unimproved property intended for four unit or fewer, Agricultural properties of ten acres of less, Leases with option to purchase all of a portion of improved property of four or fewer residential units, Dispositions of business interests involving property of four or fewer residential units ...

Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024 Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer Which of the following is true about leverage? - ANSWER Leverage is the use of borrowed funds to purchase assets. Which of the following liens would take priority? - ANSWER A property tax lien In which of the following theories of mortgage lending does the borrower not retain ownership of the property during the loan ...

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...