14 HR Real Estate CE 2024-2025. Questions &
Correct, Verified Answers. Graded A
A licensee with a history of unethical (dishonest) behavior may not experience
which of the following administrative penalties as issued directly by FREC? -
ANSImprisonment
Alex wants to use a drone to capture a video of his new listing, a 10-acre estate.
What does Alex need to do before using his drone? - ANSAlex needs to check all
the areas laws and aviation regulations before using a drone.
Article 4 of the NAR Code of Ethics requires that a licensee reveal that the licensee
holds a real estate license whenever purchasing a home. Why is this in the code? -
ANSHolding a real estate license could give the person an unfair negotiating
advantage.
Article 5 of the NAR Code of Ethics requires that a licensee reveal if the licensee
has ever had an interest in the property being considered by a buyer. Why is this
in the code? - ANSHaving an interest in the property could risk the licensee not
working to the best ability to secure the property for the buyer.
Braylin wants to become a broker. How many previous years as an active real
estate licensee does Braylin need before she qualifies? - ANS2 out of the previous
5 years
Broker Connie told her agents that they were not allowed to take a listing for less
than seven percent. Which statement is true? - ANSThis does not qualify as price
fixing as broker Connie may set commissions within her own office.
PG 1
, Broker Sunshine is setting up a property escrow account. What is the maximum
amount of brokerage personal funds that may be deposited to create and
maintain the account? - ANS$5000
Chris is an Army Veteran and is looking to buy his first home. What type of loan is
specifically for veterans? - ANSVA Loan
City and/or county property taxes, homeowners' association fees, mortgage
interest on an assumed loan, and prepaid rent collected on a rental property, are
all entered on the closing disclosure as: - ANSProrated between the buyer and
seller according to the terms of the contract.
Danny has not paid his rent. He has received an eviction notice demanding that he
pay the rent in how many days or face eviction? - ANS3
Genny wanted to apply for a real estate mortgage. Bart, the mortgage loan
originator, checked her credit and verified her income. Bart assured her that
based on the information gathered, she would qualify for a mortgage. However,
Bart also told her that because she was not married, she would likely be turned
down by his lending sources. Which of the following statements is correct? - ANSIt
is illegal per the Equal Credit Opportunity Act to turn a borrower down based on
marital status.
Hermione needs to figure out who to get ahold of to handle an arbitration
regarding recall and election disputes for the homeowner's association of her
home in Hogsmeade. Who handles this arbitration? - ANSThe Division of Florida
Condominiums, Timeshares, and Mobile Homes
PG 2
Correct, Verified Answers. Graded A
A licensee with a history of unethical (dishonest) behavior may not experience
which of the following administrative penalties as issued directly by FREC? -
ANSImprisonment
Alex wants to use a drone to capture a video of his new listing, a 10-acre estate.
What does Alex need to do before using his drone? - ANSAlex needs to check all
the areas laws and aviation regulations before using a drone.
Article 4 of the NAR Code of Ethics requires that a licensee reveal that the licensee
holds a real estate license whenever purchasing a home. Why is this in the code? -
ANSHolding a real estate license could give the person an unfair negotiating
advantage.
Article 5 of the NAR Code of Ethics requires that a licensee reveal if the licensee
has ever had an interest in the property being considered by a buyer. Why is this
in the code? - ANSHaving an interest in the property could risk the licensee not
working to the best ability to secure the property for the buyer.
Braylin wants to become a broker. How many previous years as an active real
estate licensee does Braylin need before she qualifies? - ANS2 out of the previous
5 years
Broker Connie told her agents that they were not allowed to take a listing for less
than seven percent. Which statement is true? - ANSThis does not qualify as price
fixing as broker Connie may set commissions within her own office.
PG 1
, Broker Sunshine is setting up a property escrow account. What is the maximum
amount of brokerage personal funds that may be deposited to create and
maintain the account? - ANS$5000
Chris is an Army Veteran and is looking to buy his first home. What type of loan is
specifically for veterans? - ANSVA Loan
City and/or county property taxes, homeowners' association fees, mortgage
interest on an assumed loan, and prepaid rent collected on a rental property, are
all entered on the closing disclosure as: - ANSProrated between the buyer and
seller according to the terms of the contract.
Danny has not paid his rent. He has received an eviction notice demanding that he
pay the rent in how many days or face eviction? - ANS3
Genny wanted to apply for a real estate mortgage. Bart, the mortgage loan
originator, checked her credit and verified her income. Bart assured her that
based on the information gathered, she would qualify for a mortgage. However,
Bart also told her that because she was not married, she would likely be turned
down by his lending sources. Which of the following statements is correct? - ANSIt
is illegal per the Equal Credit Opportunity Act to turn a borrower down based on
marital status.
Hermione needs to figure out who to get ahold of to handle an arbitration
regarding recall and election disputes for the homeowner's association of her
home in Hogsmeade. Who handles this arbitration? - ANSThe Division of Florida
Condominiums, Timeshares, and Mobile Homes
PG 2
