Florida Real Estate Exam 2024
Owners that buy income properties as investments and depend on professionals
to manage them
Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal
CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's
specifications
Custom Building
When a contractor builds on his own land with the hope of locating a purchaser
after construction has been completed
Speculative building
A developer that acquires a large that aquires a large tract of land and builds a
model center from which sales may be made
tract building
Property management has grown as a service of real estate primarily bc of an
increase of _______ _________
Absentee Ownership
The category of construction that applies when a property owner employs a
contractor to build on his or her lot is called________ ___________
Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales
C. the time and difficulty of the appraisal
A developer contracts to build a home on a buyer's lot to the buyer's
specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision
b. custom
A Florida Real Estate lisence is required when anyone performs a service is
specified under
F.S. 475 when all the following conditions are simultaneously present, unless that
individual is otherwise exempt under the law:
1. Preforming a service of real estate
2. In the state of Florida
3. For another
4. For compensation
_________ has been defined to include anything or any service of Value paid,
recieved or expected to be paid or recieved.
, Compensation
The postlicense educational course for sales associate consists of ________
hours
45
The continuing education requirement consists of ______ hours
14
Florida Real estate sales associates that desire to become brokers must wait
_______ ________ before taking the state exam.
one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new
tenant for the same complex.
$50
________ ________ education must be completed during the initial sales
associates's license period.
Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay
them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary
d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been
employed for a minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker
c. 12 months under 1 or more actively licensed brokers
How many hours of postlicense education are required to renew a brokers
license?
60 hours
How long can an voluntary inactive licencee remain in that lisence status?
indefinately
The agreement the state of Florida has w/ some other states that recognises the
similarity in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing
b. mutual recognition
A plumber has been appointed by a court to appraise a small business. The
plumber.......
a. is in violation of F.S. 475
Owners that buy income properties as investments and depend on professionals
to manage them
Absentee Owners
a Value estimated based on resent sales of similar properties in the same
neighborhood, not an appraisal
CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's
specifications
Custom Building
When a contractor builds on his own land with the hope of locating a purchaser
after construction has been completed
Speculative building
A developer that acquires a large that aquires a large tract of land and builds a
model center from which sales may be made
tract building
Property management has grown as a service of real estate primarily bc of an
increase of _______ _________
Absentee Ownership
The category of construction that applies when a property owner employs a
contractor to build on his or her lot is called________ ___________
Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales
C. the time and difficulty of the appraisal
A developer contracts to build a home on a buyer's lot to the buyer's
specifications. This is an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision
b. custom
A Florida Real Estate lisence is required when anyone performs a service is
specified under
F.S. 475 when all the following conditions are simultaneously present, unless that
individual is otherwise exempt under the law:
1. Preforming a service of real estate
2. In the state of Florida
3. For another
4. For compensation
_________ has been defined to include anything or any service of Value paid,
recieved or expected to be paid or recieved.
, Compensation
The postlicense educational course for sales associate consists of ________
hours
45
The continuing education requirement consists of ______ hours
14
Florida Real estate sales associates that desire to become brokers must wait
_______ ________ before taking the state exam.
one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new
tenant for the same complex.
$50
________ ________ education must be completed during the initial sales
associates's license period.
Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay
them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary
d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been
employed for a minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker
c. 12 months under 1 or more actively licensed brokers
How many hours of postlicense education are required to renew a brokers
license?
60 hours
How long can an voluntary inactive licencee remain in that lisence status?
indefinately
The agreement the state of Florida has w/ some other states that recognises the
similarity in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing
b. mutual recognition
A plumber has been appointed by a court to appraise a small business. The
plumber.......
a. is in violation of F.S. 475
