FLORIDA REAL ESTATE 45 HOUR POST
LICENSE PRACTICE COMPREHENSIVE
REVIEW SHEET WITH SOLVED QUESTIONS
AND ANSWERS GRADED A+
⩥ Brokerage partnership- all provide Real estate service.
Answer: All partners licensed as a active broker
⩥ Real Estate Brokerage Sign.
Answer: name of broker plus "licensed real estate broker"
⩥ License expired on March 31st- no action.
Answer: Status of April 1st - involuntary inactive
⩥ FI and federal telephone solicitations.
Answer: not permitted prior to 8 am/after 9 pm
⩥ Restricted amount of yearly tax increase.
Answer: Save our Homes Act
,⩥ A fence over a property line of another.
Answer: Encroachment
⩥ Indicator for stability in residential area.
Answer: vacancy rate
⩥ contractor builds to owner's specifications.
Answer: custom building
⩥ FREC adopts rules and regulations.
Answer: Quasi-legislative power
⩥ Statute of Frauds.
Answer: must be in writing to be enforceable
⩥ appraiser's term "price".
Answer: the amount received in a transaction
⩥ Prima facie evidence in court.
Answer: Possession of current & valid license
, ⩥ Law informing of all settlement cost.
Answer: Real Estate Settlement Procedures Act
⩥ Amount of commission a broker charges.
Answer: agreement between broker and employer
⩥ FHA mortgage loans.
Answer: may be prepaid without penalty
⩥ line described as "north 90 degrees East".
Answer: runs east and west
⩥ changes to property for ADA (disabilities act).
Answer: must be economically feasible
⩥ license involuntary inactive status.
Answer: 2 years
⩥ Township directly west of T28S, R19E.
LICENSE PRACTICE COMPREHENSIVE
REVIEW SHEET WITH SOLVED QUESTIONS
AND ANSWERS GRADED A+
⩥ Brokerage partnership- all provide Real estate service.
Answer: All partners licensed as a active broker
⩥ Real Estate Brokerage Sign.
Answer: name of broker plus "licensed real estate broker"
⩥ License expired on March 31st- no action.
Answer: Status of April 1st - involuntary inactive
⩥ FI and federal telephone solicitations.
Answer: not permitted prior to 8 am/after 9 pm
⩥ Restricted amount of yearly tax increase.
Answer: Save our Homes Act
,⩥ A fence over a property line of another.
Answer: Encroachment
⩥ Indicator for stability in residential area.
Answer: vacancy rate
⩥ contractor builds to owner's specifications.
Answer: custom building
⩥ FREC adopts rules and regulations.
Answer: Quasi-legislative power
⩥ Statute of Frauds.
Answer: must be in writing to be enforceable
⩥ appraiser's term "price".
Answer: the amount received in a transaction
⩥ Prima facie evidence in court.
Answer: Possession of current & valid license
, ⩥ Law informing of all settlement cost.
Answer: Real Estate Settlement Procedures Act
⩥ Amount of commission a broker charges.
Answer: agreement between broker and employer
⩥ FHA mortgage loans.
Answer: may be prepaid without penalty
⩥ line described as "north 90 degrees East".
Answer: runs east and west
⩥ changes to property for ADA (disabilities act).
Answer: must be economically feasible
⩥ license involuntary inactive status.
Answer: 2 years
⩥ Township directly west of T28S, R19E.
