ACEABLE AGENT LATEST 2026 COMPREHENSIVE EXAM
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔what does chapter 120 F.S. state - ✔✔the administrative procedure act
how regulatory agencies decide and implement agency action
lays out how licensing procedures and disciplinary processes
✔✔What does the acronym NASAL BRACE stand for? - ✔✔Negotiating
Advertising real estate services
Selling
Appraising
Leasing
Buying
Renting
Auctioning
Closing property or business
Exchanging property of businesses
✔✔ Who is it important to make relationships with in real estate - ✔✔Lenders, builders,
local business lenders
✔✔Why is it important to make relationships in real estate? - ✔✔To help get more
referrals in different times of a transaction
✔✔Relationships are safety net and an asset in real estate especially when the market
is down, in order to always have good relationships you have to... - ✔✔Market yourself
✔✔What is the most consistent factor that affects the real estate market? - ✔✔Supply &
Demand
✔✔What is a sellers market? - ✔✔when there are few homes on the market then its a
sellers market
✔✔What is a buyers market? - ✔✔if there are more homes on the market then it is a
buyers market
✔✔What are some seller's market characteristics? - ✔✔challenging to get a buyer offer
accepted with out having to pay too much above the listing price. Most likely won't get a
home for cheaper then the listing price.
✔✔What are some characteristics in a buyer's market? - ✔✔Sells prices are more
negotiable, supply is high, and there are better deals on a piece of real estate
, ✔✔What is a brokerage? - ✔✔the physical business that oversees consummating and
completing real estate transactions
✔✔What are agent's responsibility in a brokrage - ✔✔fulfill agent client contracts
seek out other parties
provide good appropriate advise
confidentiality
compliance
✔✔What are the different type of residential properties? - ✔✔single - family residences
vacations properties
multi - family properties
town houses
condominiums
apartment buildings
manufactured homes
✔✔What is the whole idea behind commercial properties? - ✔✔making money for their
owners
✔✔What are the different types of industrial properties? - ✔✔manufacturing plants
distribution facilities
warehouses
storage facilities
research facilities
data centers
✔✔What are the different types of agricultural properties? - ✔✔family and commercial
farms
ranches
orchards
nurseries and greenhouses
pastures
feed lots
✔✔A real estate transaction involving a business that already exist with tangible and
intangible assets is called? - ✔✔business opportunity
✔✔Define tangible property - ✔✔a real home (a physical property)
✔✔Define intangible property - ✔✔a business model or restaurant (cannot always
physically touch)
✔✔Define special purpose property - ✔✔property created with a special and often
limited purpose (a school or a religious building)
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔what does chapter 120 F.S. state - ✔✔the administrative procedure act
how regulatory agencies decide and implement agency action
lays out how licensing procedures and disciplinary processes
✔✔What does the acronym NASAL BRACE stand for? - ✔✔Negotiating
Advertising real estate services
Selling
Appraising
Leasing
Buying
Renting
Auctioning
Closing property or business
Exchanging property of businesses
✔✔ Who is it important to make relationships with in real estate - ✔✔Lenders, builders,
local business lenders
✔✔Why is it important to make relationships in real estate? - ✔✔To help get more
referrals in different times of a transaction
✔✔Relationships are safety net and an asset in real estate especially when the market
is down, in order to always have good relationships you have to... - ✔✔Market yourself
✔✔What is the most consistent factor that affects the real estate market? - ✔✔Supply &
Demand
✔✔What is a sellers market? - ✔✔when there are few homes on the market then its a
sellers market
✔✔What is a buyers market? - ✔✔if there are more homes on the market then it is a
buyers market
✔✔What are some seller's market characteristics? - ✔✔challenging to get a buyer offer
accepted with out having to pay too much above the listing price. Most likely won't get a
home for cheaper then the listing price.
✔✔What are some characteristics in a buyer's market? - ✔✔Sells prices are more
negotiable, supply is high, and there are better deals on a piece of real estate
, ✔✔What is a brokerage? - ✔✔the physical business that oversees consummating and
completing real estate transactions
✔✔What are agent's responsibility in a brokrage - ✔✔fulfill agent client contracts
seek out other parties
provide good appropriate advise
confidentiality
compliance
✔✔What are the different type of residential properties? - ✔✔single - family residences
vacations properties
multi - family properties
town houses
condominiums
apartment buildings
manufactured homes
✔✔What is the whole idea behind commercial properties? - ✔✔making money for their
owners
✔✔What are the different types of industrial properties? - ✔✔manufacturing plants
distribution facilities
warehouses
storage facilities
research facilities
data centers
✔✔What are the different types of agricultural properties? - ✔✔family and commercial
farms
ranches
orchards
nurseries and greenhouses
pastures
feed lots
✔✔A real estate transaction involving a business that already exist with tangible and
intangible assets is called? - ✔✔business opportunity
✔✔Define tangible property - ✔✔a real home (a physical property)
✔✔Define intangible property - ✔✔a business model or restaurant (cannot always
physically touch)
✔✔Define special purpose property - ✔✔property created with a special and often
limited purpose (a school or a religious building)
