45 Hour Post License Florida / / Expert Verified Actual Questions & Answers for Guaranteed Pass / Newest Update, 2025-2026.
Farming ✔️Concentrating on one type of style of property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: ✔️- Duplex
- improved residential property of four units or fewer, including condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved property of four or fewer residential units
- dispositions of business interests for property of four or fewer residential units
absentee owners ✔️owners who buy income property as investments and depend on professionals to manage them
All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be developed and reported in conformity with the
✔️Uniform Standards of Professional Appraisal Practice (USPAP)
The largest and most prestigious real estate organization in the world is ________. They work for legislation enforce professional standards of
conduct through its ________. ✔️1. The National Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is _________ ✔️The Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: ✔️1. Duties to clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
Required Skills for the Real estate professional are: ✔️1. Valuation - Must be able to discern important differences between properties and know
ho to translate those differences into value. Must be able to conduct a CMA.
2. Marketing - must have an understanding of the tools and technologies available to market a property.
3. Property Transfer - understand how to close a transaction
Mission Statement ✔️description of a desired outcome that excites, motivates, and helps you to create a mental picture of your business goal.
Industrial Sales or Leasing ✔️include warehouses and manufacturing facilities. Industrial sales and leasing generally involve user/owners, rather
than investors.
The law that specifically regulates real estate licensees, schools, and appraisers is _________ ✔️F.S. 475
The Range Of Penalties for disobeying FS 475 or 455 from lowest to highest is: ✔️Reprimand, fine, probation, suspension, and revocation or
denial.
Which is the maximum penalty for disobeying laws under FS 455 or FS 475 ✔️Revocation or denial of license
If the licensee does not complete the 45 hour course before the expiration date of their first renewal, the license becomes ____ ✔️void and the
licensee will be out of business. (have to start over everything)
When a sales associate changes employers, they must notify the Commission of the change no later than ________ days after the change by
using the form provided by the commission. ✔️10
Advertisements may not be ✔️fraudulent, false, deceptive, or misleading.
Advertising false, inaccurate, misleading or exaggerated information could result in ____________ ✔️the issuance of a citation and a fine of
$500
, A sales associate who receives a deposit must deliver it to the broker or employer no later than ✔️the end of the business day following the
receipt of the item to be deposited
A sales associate may not collect money in connection with a real estate transaction except ✔️in the name of the employer (cannot be payed by
buyer or seller)
A sales associate receives compensation only from his or her ______. A sales associate can however be paid a portion of a commission by a
closing agent if such instructions have been provided in writing by the _____. ✔️1. broker
2. broker
Single agents are held accountable for what four specific duties? ✔️1. Confidentiality
2. Obedience
3. Loyalty
4. Full Disclosure
Appraisals utilized by federally regulated lenders in federally related transactions be developed and reported in conformity with the _______
✔️Uniform Standards of Professional Appraisal Practices (USPAP)
Assessed value is ✔️the value assigned by the property appraiser for ad valorem tax purposes
What is the difference between price and value? ✔️Price is the amount that is actually paid in a real estate transaction. It may not represent the
market value.
The Principle of Contribution states that ✔️the value of a component of the property is the amount it increases the total value of the property
(ex. renovating the kitchen to increase the asking price)
Highest and Best Use Analysis ✔️every property has a single use the produces the greatest income and return.
Comparable Sales Approach is used ✔️to estimate the value indicated by the recent sales of comparable properties in the market.
Matched Pair Sales Technique ✔️Locating other properties that have been sold in the area, of which, one that has a particular feature you are
trying to value and another one that does not. So, if you find a home with a swimming pool that sold for $210,000 and then you find a home
that doesn't have a swimming pool, but is very similar, and sold for $200,000 you can assume that the pool was worth $10,000.
A ________ is an estimate of value for a property owned by the bank. ✔️Broker Price Opinion
Properties owned by a bank due to foreclosure, deed in lieu of foreclosure, or a short sale are called ✔️Real Estate Owned (REO) properties
Prospecting is ✔️the process of looking for new business; this process never stops. You should spend a majority of your time prospecting for
new business.
Consistency of Contacts is when you protect each day and ✔️Prospect to the same people consistently
Push Marketing is the traditional form of marketing that is used by real estate professionals which includes: ✔️Mail outs, flyers, newspaper ads,
magazine ads, radio, TV, cold calling
Pull Marketing is about developing relationships that attract your ideal client to you, which is done by using ✔️Social media
Keep your ______ up to date. As your business hows, so will your experience, education, and affiliations. ✔️Personal Profile
Three ways to market a property are: ✔️using MLS, Direct mail and email campaigns, and open houses
What is one way to prepare a home before putting it on the market? ✔️Brighten rooms by installing high wattage light bulbs and turn them on.
Ask relevant questions to gather information about their needs, their timeframe, the price they may have in mind, and their level of _______
and _______. ✔️Motivation and Expectations
What questions do you ask a seller? ✔️Why are you moving?
When would you like to be in your new home?
Farming ✔️Concentrating on one type of style of property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: ✔️- Duplex
- improved residential property of four units or fewer, including condominium units
-unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved property of four or fewer residential units
- dispositions of business interests for property of four or fewer residential units
absentee owners ✔️owners who buy income property as investments and depend on professionals to manage them
All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be developed and reported in conformity with the
✔️Uniform Standards of Professional Appraisal Practice (USPAP)
The largest and most prestigious real estate organization in the world is ________. They work for legislation enforce professional standards of
conduct through its ________. ✔️1. The National Association of Realtors (NAR)
2. Code of Ethics
The largest trade association in the state is _________ ✔️The Florida Association of Realtors (FAR)
The duties required by the Code of Ethics are: ✔️1. Duties to clients and customers
2. Duties to the public in general
3. Duties to other real estate licensees
Required Skills for the Real estate professional are: ✔️1. Valuation - Must be able to discern important differences between properties and know
ho to translate those differences into value. Must be able to conduct a CMA.
2. Marketing - must have an understanding of the tools and technologies available to market a property.
3. Property Transfer - understand how to close a transaction
Mission Statement ✔️description of a desired outcome that excites, motivates, and helps you to create a mental picture of your business goal.
Industrial Sales or Leasing ✔️include warehouses and manufacturing facilities. Industrial sales and leasing generally involve user/owners, rather
than investors.
The law that specifically regulates real estate licensees, schools, and appraisers is _________ ✔️F.S. 475
The Range Of Penalties for disobeying FS 475 or 455 from lowest to highest is: ✔️Reprimand, fine, probation, suspension, and revocation or
denial.
Which is the maximum penalty for disobeying laws under FS 455 or FS 475 ✔️Revocation or denial of license
If the licensee does not complete the 45 hour course before the expiration date of their first renewal, the license becomes ____ ✔️void and the
licensee will be out of business. (have to start over everything)
When a sales associate changes employers, they must notify the Commission of the change no later than ________ days after the change by
using the form provided by the commission. ✔️10
Advertisements may not be ✔️fraudulent, false, deceptive, or misleading.
Advertising false, inaccurate, misleading or exaggerated information could result in ____________ ✔️the issuance of a citation and a fine of
$500
, A sales associate who receives a deposit must deliver it to the broker or employer no later than ✔️the end of the business day following the
receipt of the item to be deposited
A sales associate may not collect money in connection with a real estate transaction except ✔️in the name of the employer (cannot be payed by
buyer or seller)
A sales associate receives compensation only from his or her ______. A sales associate can however be paid a portion of a commission by a
closing agent if such instructions have been provided in writing by the _____. ✔️1. broker
2. broker
Single agents are held accountable for what four specific duties? ✔️1. Confidentiality
2. Obedience
3. Loyalty
4. Full Disclosure
Appraisals utilized by federally regulated lenders in federally related transactions be developed and reported in conformity with the _______
✔️Uniform Standards of Professional Appraisal Practices (USPAP)
Assessed value is ✔️the value assigned by the property appraiser for ad valorem tax purposes
What is the difference between price and value? ✔️Price is the amount that is actually paid in a real estate transaction. It may not represent the
market value.
The Principle of Contribution states that ✔️the value of a component of the property is the amount it increases the total value of the property
(ex. renovating the kitchen to increase the asking price)
Highest and Best Use Analysis ✔️every property has a single use the produces the greatest income and return.
Comparable Sales Approach is used ✔️to estimate the value indicated by the recent sales of comparable properties in the market.
Matched Pair Sales Technique ✔️Locating other properties that have been sold in the area, of which, one that has a particular feature you are
trying to value and another one that does not. So, if you find a home with a swimming pool that sold for $210,000 and then you find a home
that doesn't have a swimming pool, but is very similar, and sold for $200,000 you can assume that the pool was worth $10,000.
A ________ is an estimate of value for a property owned by the bank. ✔️Broker Price Opinion
Properties owned by a bank due to foreclosure, deed in lieu of foreclosure, or a short sale are called ✔️Real Estate Owned (REO) properties
Prospecting is ✔️the process of looking for new business; this process never stops. You should spend a majority of your time prospecting for
new business.
Consistency of Contacts is when you protect each day and ✔️Prospect to the same people consistently
Push Marketing is the traditional form of marketing that is used by real estate professionals which includes: ✔️Mail outs, flyers, newspaper ads,
magazine ads, radio, TV, cold calling
Pull Marketing is about developing relationships that attract your ideal client to you, which is done by using ✔️Social media
Keep your ______ up to date. As your business hows, so will your experience, education, and affiliations. ✔️Personal Profile
Three ways to market a property are: ✔️using MLS, Direct mail and email campaigns, and open houses
What is one way to prepare a home before putting it on the market? ✔️Brighten rooms by installing high wattage light bulbs and turn them on.
Ask relevant questions to gather information about their needs, their timeframe, the price they may have in mind, and their level of _______
and _______. ✔️Motivation and Expectations
What questions do you ask a seller? ✔️Why are you moving?
When would you like to be in your new home?
