45 Hour Post License Florida Exam 2026/2027 Actual
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What's the downside for a principal who has a single
agent? - Answer-Responsible for the single agent's acts
What is the likely cause of a contract for sale of real estate
being ruled as unenforceable? - Answer-Unwritten
agreement
Aside from a property's location, what is the most
important factor that influences market value? - Answer-
Highest and best use
The margin is - Answer-the percentage added to the index
of an adjustable-rate mortgage that results in the
calculated rate.
A home sells for $370,000. The mortgage payoff is
$262,500. What is the seller's equity? - Answer-$107,500
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How often do mortgage loan originators need to have a
criminal background check? - Answer-Every year
A written listing agreement with a self-renewing clause -
Answer-is void.
When you explain the pricing process during a listing
presentation, you would NOT ordinarily discuss - Answer-
the process of closing a sale.
What are the three keys to prospecting success? -
Answer-Organization, numbers, and consistency
A sales associate, to test his understanding of what the
customer has said, uses words that are similar, but not
exactly the same as the customer's. This is called -
Answer-paraphrasing.
Which party may pay a licensed personal assistant for
selling activities? - Answer-It is not legal to pay a personal
assistant—whether licensed or unlicensed—a portion of a
real estate commission.
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In a relatively new neighborhood with 524 homes, 72
houses were sold. The turnover index in this neighborhood
is - Answer-13.7% // 7%. 72 houses sold ÷ 524 total
homes = .137 or 13.7%
A married couple have prequalified for a $240,000
conventional mortgage. If they put 20% down, they can
buy a house for - Answer-$300,000
What facts need not be disclosed in a real estate
transaction? - Answer-The property was the site of a
homicide.
What is a good graphic to show a seller that there will be
more activity if the property is competitively priced? -
Answer-The pricing pyramid
A home sells for $310,500. Expenses of the sale are
$4,800. The brokerage fee is $18,630. Prorations for taxes
and interest are $5,036. The mortgage payoff is $181,500.
What are the seller's proceeds from the sale? - Answer-
$100,534
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Filing a suit to quiet title is used when - Answer-a title
defect is found, which is difficult to remove by ordinary
means.
What are the benefits of restrictive covenants? - Answer-
Maintain and enhance value
The Florida Realtors®/Florida Bar Residential Contract for
Sale and Purchase is best for - Answer-a residential sale.
Sometimes when a buyer is not quite ready and wants to
think about it a while longer, the salesperson should -
Answer-ask permission to prepare the paperwork as if
they were buying, then go over it.
An exclusive agency listing is used when - Answer-an
owner lists with a broker on the basis that if the property is
sold by a broker, the broker is entitled to a commission,
but if the owner sells his own property, he owes no
commission.