FL real estate: pearson vue practice
exam questions and answers
equity -
correct answer ✅the difference between the value of a property
and the total amount of liens against it is known as
operating expenses -
correct answer ✅in order for a property manager to determine
net operating income on a property, what fees are subtracted from
the effective gross income?
recommend that the buyer insert an inspection contingency in the
purchase agreement -
correct answer ✅if a prospective buyer is concerned about the
electric service on a property, the buyer's licensee SHOULD
may rescind the listing contract upon obtaining permission from the
owners -
correct answer ✅a broker lists a property. the broker advertises
and shows the property several times, but after each showing, the
owners call the broker with a list of unreasonable restrictions they
want placed on the showing of the property. the broker decides not
to continue the listing. in this situation, the broker:
,FL real estate: pearson vue practice
exam questions and answers
as soon as possible -
correct answer ✅when a contract states that "time is of the
essence," the contract MUST be delivered and presented:
reviewing all documents and transaction files prior to closing -
correct answer ✅what action BEST describes proper supervision of
a license by their broker?
encumbrance to which the policy has not taken an exception -
correct answer ✅a title insurance policy will protect a buyer from
financial losses that are caused by a(n):
be signed by the seller -
correct answer ✅a valid real estate sales contact MUST:
common elements -
correct answer ✅in a condominium apartment project, the BEST
term to describe swimming pools and laundry rooms for the use of
unit owners is:
disclose the condition of the roof to prospective buyers -
correct answer ✅the owners of a house must sign a listing
, FL real estate: pearson vue practice
exam questions and answers
agreement and later tell the licensee that the garage roof leaks. if
the owners tell the licensee not to reveal the roof's condition to any
prospective buyers, the licensee MUST:
owner -
correct answer ✅a property manager works in the best interests
of the:
sale price of the comparable property, down for the age and up for
the number of baths -
correct answer ✅a licensee preparing a competitive market
analysis (CMA) has information on a comparable property that is
similar in all respects to the subject property except that, while the
subject property is ten years old and has two baths, the comparable
property is five years old and has one bath. in this case, the licensee
SHOULD adjust the:
$406
step 1: loan amount = appraised value * loan %
step 2: first monthly payment = interest payment + loan repayment
exam questions and answers
equity -
correct answer ✅the difference between the value of a property
and the total amount of liens against it is known as
operating expenses -
correct answer ✅in order for a property manager to determine
net operating income on a property, what fees are subtracted from
the effective gross income?
recommend that the buyer insert an inspection contingency in the
purchase agreement -
correct answer ✅if a prospective buyer is concerned about the
electric service on a property, the buyer's licensee SHOULD
may rescind the listing contract upon obtaining permission from the
owners -
correct answer ✅a broker lists a property. the broker advertises
and shows the property several times, but after each showing, the
owners call the broker with a list of unreasonable restrictions they
want placed on the showing of the property. the broker decides not
to continue the listing. in this situation, the broker:
,FL real estate: pearson vue practice
exam questions and answers
as soon as possible -
correct answer ✅when a contract states that "time is of the
essence," the contract MUST be delivered and presented:
reviewing all documents and transaction files prior to closing -
correct answer ✅what action BEST describes proper supervision of
a license by their broker?
encumbrance to which the policy has not taken an exception -
correct answer ✅a title insurance policy will protect a buyer from
financial losses that are caused by a(n):
be signed by the seller -
correct answer ✅a valid real estate sales contact MUST:
common elements -
correct answer ✅in a condominium apartment project, the BEST
term to describe swimming pools and laundry rooms for the use of
unit owners is:
disclose the condition of the roof to prospective buyers -
correct answer ✅the owners of a house must sign a listing
, FL real estate: pearson vue practice
exam questions and answers
agreement and later tell the licensee that the garage roof leaks. if
the owners tell the licensee not to reveal the roof's condition to any
prospective buyers, the licensee MUST:
owner -
correct answer ✅a property manager works in the best interests
of the:
sale price of the comparable property, down for the age and up for
the number of baths -
correct answer ✅a licensee preparing a competitive market
analysis (CMA) has information on a comparable property that is
similar in all respects to the subject property except that, while the
subject property is ten years old and has two baths, the comparable
property is five years old and has one bath. in this case, the licensee
SHOULD adjust the:
$406
step 1: loan amount = appraised value * loan %
step 2: first monthly payment = interest payment + loan repayment
