Frec 4 Study guides, Class notes & Summaries

GOLD COAST REAL ESTATE EXAM Farming when a licensee focuses on one type or style of property or one particular neighborhood farm area target market; one of the best ways to succeed in real estate Areas of expert knowledge required for all real estate licensees 1. Property Transfer 2. Valuation and Market Conditions 3. Marketing (consider MLS; Multiple Listing Service) Residential Transaction F.S 475 The sale of any improved residential property of 4 units or fewer. Unimpr...

1. The Florida Real Estate Commission was first created in what year? (a) 1932 (b) 1925 (c) 1923 (d) 1919 Your answer: B The first Florida Real Estate Commission was created in 1925 to administer and enforce the law, streamlining the process by removing the necessity for court enforcement. Reference: Chapter 2, Real Estate License Law, History of the Law 2. What is the purpose of the real estate license law? (a) To protect the public (b) To protect licensees (c) To clarify the law ...

Yes, because the city is using its power of eminent domain for public good. - correct answerA city acquires a 10-foot strip of a property owner's land for a public walking trail. The owner's home is not affected and she is able to use the land. Is the homeowner eligible for compensation? 60 hour post license course - correct answerBroker Bill takes his Broker course and passes it. He applies and gets his license on time. He pays all his fees and begins to work. ( He does not have a 4 year d...

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

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....

FREC Exam Questions & Answers 2023/2024 FREC - ANSWER-in charge of establishing and enforcing real estate rules and regulations for licensees 7 - ANSWER-How many commissioners are there? govener - ANSWER-who are the appointed by? 4 years - ANSWER-how many terms Four members must be active brokers, licensed for at least five years One member is an active sales associate or broker, licensed for at least two years Two members are consumers, who have never been licensed At least on...

Gold Coast Real Estate Exam with Verified Answers Farming - answerwhen a licensee focuses on one type or style of property or one particular neighborhood farm area - answertarget market; one of the best ways to succeed in real estate Areas of expert knowledge required for all real estate licensees - answer1. Property Transfer 2. Valuation and Market Conditions 3. Marketing (consider MLS; Multiple Listing Service) Residential Transaction - answerF.S 475 The sale of any improved resident...

The Knowledge of Property Transfer - by deed, will, inheritance or the use of contracts, or trusts. Knowledge of Market Conditions - the level of listings on the market, how the property may be financed, how quickly property sells and the value of a property Knowledge of How to Market Real Estate - techniques that include proper pricing, disclosure to both the buyer and the seller, service to the buyers and sellers, and maintaining relationships with other real estate profession...

FREC Exam Questions & Answers 2023/2024 Chapter 475 - ANSWER-Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights Chapter 455 - ANSWER-Regulation of Businesses and Professions. Defines general practices and procedures for DBPR , including the practice of Real Estate FS 120 - ANSWER-Licensing and disciplinary procedures for Real Estate Licensees 61J2 FAC - ANSWER-Rules of the FREC Department of Business and Professio...

FINAL EXAM REVIEW: CHAPTER 1: 1. A sale’s associate has decided to concentrate on trying to obtain listings from a particular neighborhood, the associate believes this shall increase knowledge of the market and improve the likelihood of success. Which term refers to this approach? (pg. 2) a. Farming 2. Real estate professionals provide expert knowledge concerning real estate transactions. All of the following are areas of expertise licensees are expected to possess, EXCEPT: a. Valuat...