Frec 4 Study guides, Class notes & Summaries

Gold Coast RE 1001 Cram, Practice Math and Final Exam Questions and Answers 100% Pass 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 ...

Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 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 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 ...

Gold Coast RE 1001 Cram, Practice Math and Final Exam Q&A 2024 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 - CORRECT 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....

1. John Anderson is a licensed real estate sales associate. Under which name may he register and be licensed? a. Complete Real Estate Sales Services b. John Anderson Brokerage c. John Anderson, LLC d. John Anderson and Partners - Answer-c. John Anderson, LLC 2. A sales associate receives a binder deposit from a buyer on Monday. By the end of business on what day of the week must the broker deposit the funds into the escrow account? a. Tuesday b. Wednesday c. Thursday d. Friday - Answe...

A person works for an owner-developer and is paid on a salary basis. Along with that, they also earn a bonus for each lot sold in the development. Are they required to hold an active real estate license? - Yes. Anyone who makes a commission from sales must hold an active RE license. A prospective buyer of an existing condo (resale) unit just receive what document(s)? - 1. Most recent year-end financial report 2. Rules of the assocation 3. Governance form A sales associate receives an earn...

Unit 1 The Real Estate Business Define the term “farm area”  Farm Area: to select one specific portion of a city and to become an expert in that particular portion. Distinguish among the various sales specialties.  Residential, Commercial, Industrial, Agricultural, Business Explain how appraisers are compensated.  Appraisers charge a fee based on time and difficulty of the appraisal assignment. Distinguish among the three categories of residential construction.  Speculat...

AZURE TIDE REAL ESTATE SCHOOL Exam Questions with Correct Answers 2024/ Verified A tenant was required to pay $1200 as security deposit. Three weeks after making the deposit, the landlord passed along to the tenant by phone the mandatory information concerning his deposit of funds. Why has the landlord violated F.S. 83? - Correct Answer The landlord failed to notify the tenant in writing of the bank name, address, and other information regarding the deposit Sales associate Donald hired Sam a...

Gold Coast Real Estate Final Exam Study Guide (only contains highlights from Ch's 1, 2,3,4 and some of 11) 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 ...

Florida Real Estate Class Final Exam Questions and Answers 100% Pass A Business Broker - Correct Answer ️️ -Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - Correct Answer ️️ -Keeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is cal...

FREC Practice Test Questions & Answers 2023/2024 1. Which of the following statements is true regarding a mortgage loan originator (MLO)? a. A mortgage loan originator is the same as a mortgage broker. b. A mortgage loan originator must have a separate license. c. A mortgage loan originator makes loans. d. A mortgage loan originator must have a real estate license. - ANSWER-B 2. A real estate appraiser's fee for professional service is based on which of the following? a. A percentage...