POST LICENSE COURSE (BARNEY FLETCHER) EXAM
NEWEST 2024 ACTUAL EXAM 350 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |
ALREADY GRADED A+
Lender Lenny refuses to make a loan on a property based on the racial composition
of the neighborhood. This is a violation of the Fair Housing Act known as: - ANSWER:
redlining
Sales Associate Rita recommends to a family that they do not buy in a particular
neighborhood based on the racial makeup of the neighborhood. This is a prohibited
act known as: - ANSWER: steering
Sales Associate Sanders suggests to neighbors that they should sell their homes
because of an ethic background have moved into the neighborhood. This prohibited
act is known as: - ANSWER: blockbusting
Removing barriers to accessibility in public accommodations is a requirement of: -
ANSWER: ADA
The Florida Constitution provides three categories of homestead protections. Which
of the following is NOT a benefit of owning a homestead? - ANSWER: The homestead
could be lost for failure to pay property taxes, a mortgage, a contractor's lien or
mandatory association fees.
Property is reassessed annually on January 1st. Any change in assessed (SOH) value
of the homestead is limited to the lesser of 3% of the assessed value or: - ANSWER:
the change in the Consumer Price Index (CPI)
Any person or entity that is not a U.S. person or entity is defined as a/n: - ANSWER:
foreign person
According to FIRPTA, if the property is for use by the transferee as a residence and
the amount realized is $300,001 to $1,000,000, what percentage must be withheld?
- ANSWER: 10%
The average height of the high tides over a 19-year period is the: - ANSWER: mean
highwater line
All tidally influenced waters and navigable fresh bodies of water to the mean or
ordinary highwater line in existence when Florida became a state is defined as: -
ANSWER: Sovereignty Submerged Lands
The general right of the public at large to possess and use certain privately owned
dry sand areas for recreational purposes is an example of: - ANSWER: customary use
, The Florida state agency responsible for the administration of the water resources at
the state level is: - ANSWER: Department of Environmental Protection (DEP)
The program designed to help Florida's coastal communities deal with flooding,
erosion, and habitat shifts through technical assistance and funding is: - ANSWER:
Florida Resilient Coastlines Program
Reclaimed water, brackish ground and surface water, seawater, and new storage
facilities for surface and groundwater are examples of: - ANSWER: alternative water
supply
An overflowing of a large amount of water beyond its normal confines, especially
over what is normally dry land is a: - ANSWER: flood
An area is considered to be at high risk of experiencing a flood if there is a chance of
flooding of: - ANSWER: 1%
Anyone who solicits a mortgage loan or accepts an application for a mortgage loan is
defined as a: - ANSWER: mortgage loan originator
Florida's Business Rent Tax (BRT) is due on the total rent charged for renting, leasing,
or granting a license to use: - ANSWER: commercial real estate
What is the term for a permit that is currently active and is still within the 180 days
of issuance or within 180 days of the last inspection? - ANSWER: open permit
What is the term for a permit that has become null and void? - ANSWER: Expired
permit
John, a licensed Sales Associate, is very busy and has asked his unlicensed assistant
to help negotiate a purchase and sale contract on a $200,000 home in exchange for a
small commission. This action is: - ANSWER: illegal and subject to a third degree
felony charge for unlicensed activity
Sales Associate Myra wants to operate her real estate business as an entity rather
than as an individual. According to Chapter 471 F.S., Myra can operate as a: -
ANSWER: limited liability company or professional corporation
Pat just completed her post-licensing education. What is Pat's next education
requirement? - ANSWER: Complete 14 hours of continuing education during the next
two-year license renewal period
Which topics are required AFTER the first license renewal as part of the 14-hour
continuing education requirement? - ANSWER: Core Law and Business Ethics
NEWEST 2024 ACTUAL EXAM 350 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |
ALREADY GRADED A+
Lender Lenny refuses to make a loan on a property based on the racial composition
of the neighborhood. This is a violation of the Fair Housing Act known as: - ANSWER:
redlining
Sales Associate Rita recommends to a family that they do not buy in a particular
neighborhood based on the racial makeup of the neighborhood. This is a prohibited
act known as: - ANSWER: steering
Sales Associate Sanders suggests to neighbors that they should sell their homes
because of an ethic background have moved into the neighborhood. This prohibited
act is known as: - ANSWER: blockbusting
Removing barriers to accessibility in public accommodations is a requirement of: -
ANSWER: ADA
The Florida Constitution provides three categories of homestead protections. Which
of the following is NOT a benefit of owning a homestead? - ANSWER: The homestead
could be lost for failure to pay property taxes, a mortgage, a contractor's lien or
mandatory association fees.
Property is reassessed annually on January 1st. Any change in assessed (SOH) value
of the homestead is limited to the lesser of 3% of the assessed value or: - ANSWER:
the change in the Consumer Price Index (CPI)
Any person or entity that is not a U.S. person or entity is defined as a/n: - ANSWER:
foreign person
According to FIRPTA, if the property is for use by the transferee as a residence and
the amount realized is $300,001 to $1,000,000, what percentage must be withheld?
- ANSWER: 10%
The average height of the high tides over a 19-year period is the: - ANSWER: mean
highwater line
All tidally influenced waters and navigable fresh bodies of water to the mean or
ordinary highwater line in existence when Florida became a state is defined as: -
ANSWER: Sovereignty Submerged Lands
The general right of the public at large to possess and use certain privately owned
dry sand areas for recreational purposes is an example of: - ANSWER: customary use
, The Florida state agency responsible for the administration of the water resources at
the state level is: - ANSWER: Department of Environmental Protection (DEP)
The program designed to help Florida's coastal communities deal with flooding,
erosion, and habitat shifts through technical assistance and funding is: - ANSWER:
Florida Resilient Coastlines Program
Reclaimed water, brackish ground and surface water, seawater, and new storage
facilities for surface and groundwater are examples of: - ANSWER: alternative water
supply
An overflowing of a large amount of water beyond its normal confines, especially
over what is normally dry land is a: - ANSWER: flood
An area is considered to be at high risk of experiencing a flood if there is a chance of
flooding of: - ANSWER: 1%
Anyone who solicits a mortgage loan or accepts an application for a mortgage loan is
defined as a: - ANSWER: mortgage loan originator
Florida's Business Rent Tax (BRT) is due on the total rent charged for renting, leasing,
or granting a license to use: - ANSWER: commercial real estate
What is the term for a permit that is currently active and is still within the 180 days
of issuance or within 180 days of the last inspection? - ANSWER: open permit
What is the term for a permit that has become null and void? - ANSWER: Expired
permit
John, a licensed Sales Associate, is very busy and has asked his unlicensed assistant
to help negotiate a purchase and sale contract on a $200,000 home in exchange for a
small commission. This action is: - ANSWER: illegal and subject to a third degree
felony charge for unlicensed activity
Sales Associate Myra wants to operate her real estate business as an entity rather
than as an individual. According to Chapter 471 F.S., Myra can operate as a: -
ANSWER: limited liability company or professional corporation
Pat just completed her post-licensing education. What is Pat's next education
requirement? - ANSWER: Complete 14 hours of continuing education during the next
two-year license renewal period
Which topics are required AFTER the first license renewal as part of the 14-hour
continuing education requirement? - ANSWER: Core Law and Business Ethics
