LICENSE EXAM QUESTIONS AND ANSWERS
RealDEstateDBusinessD-DCORRECTDANSWER-IsDcomposedDofDmanyDspecialization's:D
-D(1)DetailsDofDPropertyDTransfer
-KnowledgeDof:
(2)marketDconditions
(3)howDtoDmarketDrealDestateDbusiness
(4)howDtoDanalyzeDbuyersDneeds
(5)lawsDthatDpertainDtoDrealDestate
RealDEstateDBrokerageD-DCORRECTDANSWER-
IsDtheDbringingDtogetherDofDbuyersDandDsellers,DownersDandDrentersDandDcompletingDrealDestateDtransacti
ons.
***HowDcanDaDagentDmaintainDgoodDstandingDwithDclients?D(AfterDtitleDclosing)***D-DCORRECTDANSWER-
***FollowDUp.DThisDwillDresultDinDaDgoodDreputationDandDFUTUREDREFERRALSDandDword-of-
mouthDadvertising.***
WhatDareDtheD5DmajorDsalesDspecialties?D(TypesDofDproperties/lots)D-DCORRECTDANSWER-
Residential.D(RememberD4-
10DRule:DanyDvacantDlandDzonedDforD4DorDfewerDresidentialDunitsDORDagriculturalDpropertyDofD10DorDfewerD
acres.){ADcondoDisDconsideredDaDsingleDfamilyDhome}
Commercial.
Industrial.
Agricultural.
Business.D(ConsideredD"businessDbrokers."D***PresumptionDinDFloridaDthatDbusinessesDincludeDrealDprop
erty***)
WhatDisDaDFarmDArea?D-DCORRECTDANSWER-
WhenDbrokers/salesDassociateDbecomeDanDexpertDinDoneDportionDofDtheDcity.
, WhatDisDtheDdifferenceDbetweenDaDrentalDagentDandDaDpropertyDmanager?D-DCORRECTDANSWER-
RentalDAgent:DfindDaDtenantD&DcollectDfee.
PropertyDManager:DcontinueDtoDmanageDpropertyDafterDtenantDisDsecured.
WhatDisDanDabsenteeDowner?D-DCORRECTDANSWER-
isDaDpropertyDownerDwhoDdoesDnotDresideDonDproperty/oftenDreliesDonDprofessionalDpropertyDmanagerDto
DmanageDinvestment.
CanDaDrealDestateDbrokerD/DsalesDassociateDappraiseDaDpropertyDforDcompensation?D-DCORRECTDANSWER-
Yes,DbutDCANNOTDsayDtheyDareDstateDcertified,DregisteredDtrainee,DorDlicensedDappraisers.
WhenDconductingDappraisals,DmustDfollowDwhatDsetDofDguidelines?D-DCORRECTDANSWER-
UniformDStandardsDofDProfessionalDAppraisalDPracticeD(USPAP)D(BestDPractices)
WhatDisDaDbrokersDpriceDopinionD(BPO)?DCanDaDrealDestateDlicenseesDchargeDforDthese?D-
DCORRECTDANSWER-
ItDisDtheDopinionDofDvalueDofDrealDproperty,DandDyesDasDlongDasDitDisDnotDconsideredDanDappraisal.
***WhoDdoesDtheDcommissionDforDaDBPO,DorDforDanyDserviceDofDrealDestate,DgoDto?D
a)brokerDassociate
b)salesDassociate
c)brokerD-DCORRECTDANSWER-***C.DCompensationDcanDnotDbeDpaidDdirectlyDtoDassociates.
WhoDmayDuseDtheDtermDREALTOR?D-DCORRECTDANSWER-
REALTORDandDrealDestateDlicenseeDareDnotDsynonymous.DREALTORSDareDmembersDofDaDlocalDboardDofDrea
ltorsD(privatelyDrunDorganization).
WhoDcreatedDtheDMLSD(MultipleDListingDService)Ddatabase?D-DCORRECTDANSWER-
NationalDAssociationDofDRealtors.
ApplicantsDshouldDbeDfamiliarDwithDtheseDlawsDanDrulesDandDtheirDrespectiveDsubsections:D-
DCORRECTDANSWER-(F.S.D=DFloridaDStatute)
F.S.D20