Florida Real Estate State Exam Questions and Answers 2024

In which area of brokerage has absentee ownership increased the demand? - Correct answer-Property management How is a real estate appraiser typically paid? - Correct answer-A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve - Correct answer-A subdivision plat map What is it called when a developer gives the land to a government body - Correct answer-Dedication What business is a licensee engaged in who markets, leases and maintains property for someone else - Correct answer-Property management In which service of real estate must a licensee disclose the agency relationship and the responsibilities of the relationship to the public - Correct answer-Residential sales Which power authorizes the front to pass or revise rules - Correct answer-Quasi- legislative All of the following would be grounds for suspension or revocation of a real estate license except - Correct answer-Not being a resident of Florida Sandy works as a sales associate for a broker and has been asked to work weekends for a new developer to sell new homes on commission what must Sandy do for the developer? - Correct answer-Transfer her license from the broker to the owner developer What does the license law require that the licenseecomplete before the first renewal of a Florida real estate license - Correct answer-A post licensing course In a brokerage corporation the officers and directors can be active or in active brokers or non-licensed registered persons. If someone who is non-licensed and registered wants to become a broker what must he or she do? - Correct answer-Qualify for a broker license in the same way as anyone else Who would be exempt from the real estate licensing law - Correct answer-A person who rents homes less than a year Which entity provides the best protection for the public during the real estate transaction - Correct answer-Frec