45 Hour Post License Florida
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
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
