Exam questions with
complete actual
solutions updated &
rated A+
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 land with the hope of locating a purchaser after construction has been
completed
Speculative building
A developer that acquires a large that acquires 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
,Florida Real Estate
Exam questions with
complete actual
solutions updated &
rated A+
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:
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:
b. custom
A Florida Real Estate license is required when anyone performs a service 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
,Florida Real Estate
Exam questions with
complete actual
solutions updated &
rated A+
4. For Compensation
_________ has been defined to include anything or any service of Value paid, received, or expected to
be paid or received.
Compensation
The post-license educational course for sales associates consists of ________ hours
45
The continuing education requirement consists of ______ hours
14
Florida Real estate sales associates who desire to become brokers must wait _______ ________ before
taking the state exam.
one year
, Florida Real Estate
Exam questions with
complete actual
solutions updated &
rated A+
A tenant in an apartment complex may receive up to ______ for referral of a new tenant for the same
complex.
$50
________ ________ education must be completed during the initial sales associate's license period.
Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay them:
d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been employed for a minimum of:.
12 months under 1 or more actively licensed brokers
How many hours of post license education are required to renew a broker's license?
60 hours
How long can a voluntary inactive licensee remain in that license status?