Chapter 61j2 - Study guides, Class notes & Summaries

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 ...

1 FLORIDA REAL ESTATE LICENSE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ The only active general partner in a real estate partnership did not account properly for his escrowed funds. His license was suspended. All of the licenses of the sales associates in that partnership are A. Suspended B. Canceled C. Placed in involuntary inactive status D. Not affected - -C. Placed in involuntary inactive status A sales associate is selling her own property "by owner." Which statement is TR...

Chapter 20 - correct answer Establishes the structure of the executive branch of Florida government Chapter 475, Part 1 - correct answer Real Estate Brokerage (FREC) Chapter 475, Part II - correct answer Real Estate Appraisal (FREAB) Chapter 475, Part III - correct answer Commercial Real Estate Sales Commission Lien Act Chapter 475, Part IV - correct answer Commercial Real Estate Leasing Commission Lien Act Chapter 455 - correct answer Defines practices and procedures of the Depar...

1 FLORIDA REAL ESTATE STATE EXAM PREP QUESTIONS AND ANSWERS, GRADED A+ Joint Ventures - -is a temporary form of business arrangement often encountered in real estate business. Trade Names - -is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - -Administrative Procedures Act Chapter 455, F.S. - -Regulation of Professional and Occupations Chapter 28, Sections 101-110 - -Division of Administrat...

Joint Ventures - Answer- is a temporary form of business arrangement often encountered in real estate business. Trade Names - Answer- is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - Answer- Administrative Procedures Act Chapter 455, F.S. - Answer- Regulation of Professional and Occupations Chapter 28, Sections 101-110 - Answer- Division of Administrative Hearings (DOAH Rules), Florida ...

Florida Real Estate State Exam Prep Questions and Answers Joint Ventures - Correct Answer ️️ -is a temporary form of business arrangement often encountered in real estate business. Trade Names - Correct Answer ️️ -is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - Correct Answer ️️ -Administrative Procedures Act Chapter 455, F.S. - Correct Answer ️️ -Regulation of Professional ...

A sales associate works under - the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal - With a flat fee The product/service that all real estate professionals sell is - their expert knowledge Which area of real estate requires the highest degree of expertise? - Counseling Which Florida Administrative Code expands upon the statutory provisions of Chapter 475, Florida Statutes? - 61J2 After completing the 45-hours post-licensing ed...

Americans with Disabilities Act of 1990 - ️️removes barriers that prevent qualified individuals with disabilities from enjoying the same opportunities that are available to persons without disabilities. The Act prohibits discrimination in places of PUBLIC ACCOMIDATIONS and in commercial facilities. Accumulation of the Recovery Fund - ️️total of $1 million is the limit for fund at any one time. Accumulated by charging Licensees a Recovery Fund Fee when a new lic is issued or renewe...

Florida Real Estate State Exam Prep Questions and Answers Joint Ventures - Correct Answer ️️ -is a temporary form of business arrangement often encountered in real estate business. Trade Names - Correct Answer ️️ -is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - Correct Answer ️️ -Administrative Procedures Act Chapter 455, F.S. - Correct Answer ️️ -Regulation of Professional ...

Chapter 475 - correct answer Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights Chapter 455 - correct answer Regulation of Businesses and Professions. Defines general practices and procedures for DBPR , including the practice of Real Estate FS 120 - correct answer Licensing and disciplinary procedures for Real Estate Licensees 61J2 FAC - correct answer Rules of the FREC Department of Business and Professional Regulat...