Real Estate |Florida Real Estate
1. The act of appraisal can be completed by:: An appraiser following the USPAP standards.
2. Why does a real estate professional need a license?: He has expert informa- tion on real estate
that an average layperson does not have
3. Having a membership in the National association of realtors, Florida asso- ciation of realtors, and
the local board association of realtors: has nothing to do with obtaining or maintaining a real
estate licence
4. service that a property manager must perform for the owner are listed in: a property
management agreement
5. Which is NOT commonly an area of federal government interference in real property?: zoning laws
6. The duties of a property manager include all EXCEPT: selling the property
7. In Florida there is a demand for property management services due to the large amount of:
absentee owners
8. Local communities regulate real estate by: creating zoning laws
9. Florida law requires that you be approved by the state for licensure (through registration and
application) they can take the State-licensing exam, which is
WHY students are asked to apply for licensure as early as possible while in the course.: before
10.Dedication most nearly means: Giving private land for public use
11.It is unethical for an appraiser to accept compensation for performing an assignment when it is
contingent upon: the reporting of a pre determined result
12.A home that is specially built for a buyer, using his/her blueprints is called: a custom
home
13.One example of a Loan Originator would be a(n): Seller who finances more than one home in
a two year period
14.Which statement is TRUE?: The real estate industry makes up about 25% of the nation's
economy.
15.Which is the most important issue for a broker acting as a property manager to accomplish?: To
get maximum income in while preserving the value of the investment
, Real Estate |Florida Real Estate
16.Agriculture property in Florida is property that: has more than 10 acres.
17.The practice of a real estate sales associate specializing in a certain geographic area is
called: farming
18. Which would NOT usually be involved in financing real estate?: A real estate broker
19.Putting together two or more parcels of land to make a large piece is called: assemblage.
, Real Estate |Florida Real Estate
20.A $1.5 billion agency regulating one million professionals and businesses across some 200
licensee categories in Florida is: the Florida Department of Business and Professional Regulation.
21.For her first renewal, Broker Marie mistakenly took 14 hours of continuing education instead of
the broker post license course. Marie: can no longer work as a broker because her license is null
and void.
22.Janice did not answer truthfully on the background page of her application for licensure. When
the Department found the discrepancy, she was asked about it and she did not tell the truth again.
What will likely happen to her application?: The application may be denied and she may be subject
to subsequent disciplinary action.
23.A person owns her own company, specializing in negotiating sales of property for buyers and
sellers. She does not take listings or show property. Does she need a real estate license to do this?:
She needs a license because she negotiates sales between buyers and sellers.
24.Which activity would require a real estate license?: An attorney, managing a real estate
brokerage office
25.Pearson VUE is: the Florida Testing Service for real estate
26.Which act or crime could disqualify an individual from becoming a li- censee?: Committing
a crime of moral turpitude
27.Jane is a college graduate with a four-year degree in real estate. She has a sales associate's
license and seeks to renew the license for the second time. What must she do?: She must take 14
hours of continued education. She must fill out the form, pay the fee, and return it before the
expiration date.
28.Jim is a convicted felon. He was found guilty of cheating on his income tax for four years and
he served time in jail. He has completed his sentence and wants to become a real estate sales
associate. Which is most nearly correct?: Jim must disclose his conviction on his real estate
application.
29.A resort manager leases condominiums to out-of-town guests for several months at a time. The
resort is licensed under 509 FS. He advertised the condos in a magazine with national exposure. Does
this manager need a Florida real estate license?: No. A manager is an employee of a resort
company licensed under 509 FS.
, Real Estate |Florida Real Estate
30.A motel desk clerk gives the names of persons looking to purchase a home to a broker in
exchange for a small fee. Which BEST describes the situation?: He would need a license since he
was accepting compensation from a broker.
31.A rural Electric Company has a paid employee who is charged with the responsibility of finding
new land to put electric poles on. He buys and sells
1. The act of appraisal can be completed by:: An appraiser following the USPAP standards.
2. Why does a real estate professional need a license?: He has expert informa- tion on real estate
that an average layperson does not have
3. Having a membership in the National association of realtors, Florida asso- ciation of realtors, and
the local board association of realtors: has nothing to do with obtaining or maintaining a real
estate licence
4. service that a property manager must perform for the owner are listed in: a property
management agreement
5. Which is NOT commonly an area of federal government interference in real property?: zoning laws
6. The duties of a property manager include all EXCEPT: selling the property
7. In Florida there is a demand for property management services due to the large amount of:
absentee owners
8. Local communities regulate real estate by: creating zoning laws
9. Florida law requires that you be approved by the state for licensure (through registration and
application) they can take the State-licensing exam, which is
WHY students are asked to apply for licensure as early as possible while in the course.: before
10.Dedication most nearly means: Giving private land for public use
11.It is unethical for an appraiser to accept compensation for performing an assignment when it is
contingent upon: the reporting of a pre determined result
12.A home that is specially built for a buyer, using his/her blueprints is called: a custom
home
13.One example of a Loan Originator would be a(n): Seller who finances more than one home in
a two year period
14.Which statement is TRUE?: The real estate industry makes up about 25% of the nation's
economy.
15.Which is the most important issue for a broker acting as a property manager to accomplish?: To
get maximum income in while preserving the value of the investment
, Real Estate |Florida Real Estate
16.Agriculture property in Florida is property that: has more than 10 acres.
17.The practice of a real estate sales associate specializing in a certain geographic area is
called: farming
18. Which would NOT usually be involved in financing real estate?: A real estate broker
19.Putting together two or more parcels of land to make a large piece is called: assemblage.
, Real Estate |Florida Real Estate
20.A $1.5 billion agency regulating one million professionals and businesses across some 200
licensee categories in Florida is: the Florida Department of Business and Professional Regulation.
21.For her first renewal, Broker Marie mistakenly took 14 hours of continuing education instead of
the broker post license course. Marie: can no longer work as a broker because her license is null
and void.
22.Janice did not answer truthfully on the background page of her application for licensure. When
the Department found the discrepancy, she was asked about it and she did not tell the truth again.
What will likely happen to her application?: The application may be denied and she may be subject
to subsequent disciplinary action.
23.A person owns her own company, specializing in negotiating sales of property for buyers and
sellers. She does not take listings or show property. Does she need a real estate license to do this?:
She needs a license because she negotiates sales between buyers and sellers.
24.Which activity would require a real estate license?: An attorney, managing a real estate
brokerage office
25.Pearson VUE is: the Florida Testing Service for real estate
26.Which act or crime could disqualify an individual from becoming a li- censee?: Committing
a crime of moral turpitude
27.Jane is a college graduate with a four-year degree in real estate. She has a sales associate's
license and seeks to renew the license for the second time. What must she do?: She must take 14
hours of continued education. She must fill out the form, pay the fee, and return it before the
expiration date.
28.Jim is a convicted felon. He was found guilty of cheating on his income tax for four years and
he served time in jail. He has completed his sentence and wants to become a real estate sales
associate. Which is most nearly correct?: Jim must disclose his conviction on his real estate
application.
29.A resort manager leases condominiums to out-of-town guests for several months at a time. The
resort is licensed under 509 FS. He advertised the condos in a magazine with national exposure. Does
this manager need a Florida real estate license?: No. A manager is an employee of a resort
company licensed under 509 FS.
, Real Estate |Florida Real Estate
30.A motel desk clerk gives the names of persons looking to purchase a home to a broker in
exchange for a small fee. Which BEST describes the situation?: He would need a license since he
was accepting compensation from a broker.
31.A rural Electric Company has a paid employee who is charged with the responsibility of finding
new land to put electric poles on. He buys and sells
