Florida Real Estate Exam
Owners that buy income properties as investments and depend on professionals to
manage them - ANS- Absentee Owners
a Value estimated based on resent sales of similar properties in the same neighborhood,
not an appraisal - ANS- CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's
specifications - ANS- Custom Building
When a contractor builds on his own land with the hope of locating a purchaser after
construction has been completed - ANS- 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 - ANS- tract building
Property management has grown as a service of real estate primarily bc of an increase of
_______ _________ - ANS- Absentee Ownership
The category of construction that applies when a property owner employs a contractor to
build on his or her lot is called________ ___________ - ANS- Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - ANS- 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:
a. tract
b. custom
c. speculative
d. subdivision - ANS- b. custom
A Florida Real Estate lisence is required when anyone performs a service is specified
under
F.S. 475 when all the following conditions are simultaneously present, unless that
individual is otherwise exempt under the law: - ANS- 1. Preforming a service of real
estate
2. In the state of Florida
, 3. For another
4. For compensation
_________ has been defined to include anything or any service of Value paid, recieved or
expected to be paid or recieved. - ANS- Compensation
The postlicense educational course for sales associate consists of ________ hours -
ANS- 45
The continuing education requirement consists of ______ hours - ANS- 14
Florida Real estate sales associates that desire to become brokers must wait _______
________ before taking the state exam. - ANS- one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant
for the same complex. - ANS- $50
________ ________ education must be completed during the initial sales associates's
license period. - ANS- Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary - ANS- d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been employed for a
minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker - ANS- c. 12 months under 1 or
more actively licensed brokers
How many hours of postlicense education are required to renew a brokers license? -
ANS- 60 hours
How long can an voluntary inactive licencee remain in that lisence status? - ANS-
indefinately
The agreement the state of Florida has w/ some other states that recognises the
similarity in education and experience required of licencees is called:
a.reciprocity
Owners that buy income properties as investments and depend on professionals to
manage them - ANS- Absentee Owners
a Value estimated based on resent sales of similar properties in the same neighborhood,
not an appraisal - ANS- CMA -Comparative Market Analysis...
A contractor is employed by an owner of land to build on that land to the owner's
specifications - ANS- Custom Building
When a contractor builds on his own land with the hope of locating a purchaser after
construction has been completed - ANS- 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 - ANS- tract building
Property management has grown as a service of real estate primarily bc of an increase of
_______ _________ - ANS- Absentee Ownership
The category of construction that applies when a property owner employs a contractor to
build on his or her lot is called________ ___________ - ANS- Custom Building
A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - ANS- 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:
a. tract
b. custom
c. speculative
d. subdivision - ANS- b. custom
A Florida Real Estate lisence is required when anyone performs a service is specified
under
F.S. 475 when all the following conditions are simultaneously present, unless that
individual is otherwise exempt under the law: - ANS- 1. Preforming a service of real
estate
2. In the state of Florida
, 3. For another
4. For compensation
_________ has been defined to include anything or any service of Value paid, recieved or
expected to be paid or recieved. - ANS- Compensation
The postlicense educational course for sales associate consists of ________ hours -
ANS- 45
The continuing education requirement consists of ______ hours - ANS- 14
Florida Real estate sales associates that desire to become brokers must wait _______
________ before taking the state exam. - ANS- one year
A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant
for the same complex. - ANS- $50
________ ________ education must be completed during the initial sales associates's
license period. - ANS- Post Licensing
Owner-employers of licensed real estate sales associates are allowed to pay them:
a. on a salary basis only
b. on a commision basis only
c. a commission , but not a bonus
d. a commission or salary - ANS- d. a commission or salary
To qualify for a real estate broker's license, an applicant must have been employed for a
minimum of:
a. 6 months under one actively licensed broker
b. 12 months under one actively licensed broker
c. 12 months under 1 or more actively licensed brokers
d. 6 months under 1 or more actively lisenced broker - ANS- c. 12 months under 1 or
more actively licensed brokers
How many hours of postlicense education are required to renew a brokers license? -
ANS- 60 hours
How long can an voluntary inactive licencee remain in that lisence status? - ANS-
indefinately
The agreement the state of Florida has w/ some other states that recognises the
similarity in education and experience required of licencees is called:
a.reciprocity
