CRAM Exam 1 Questions and Answers Latest Update 2025 Graded A+
In which area of brokerage has absentee ownership increased the demand? - Answers Property
management
How is a real estate appraiser typically paid? - Answers A fee based upon time and difficulty of the
appraisal
What does the local planning agency have the authority to approve? - Answers Subdivision plat map
What is it called when a developer gives land to a governmental body? - Answers Dedication
What business is a licensee who markets, leases and maintains engaged in property for someone else? -
Answers Property management
In which service of real estate must a licensee disclose the agency relationship and the responsibilities of
that relationship to the public? - Answers Residential sales
Which power authorizes the FREC to pass or revise rules - Answers quasi-legislative
All of the following would be grounds for Suspension or revocation of a real estate license, except: -
Answers Not being a resident in FL
Sandy works as a sales associate for a broker and has been asked to work weekends for a developer to
sell new homes on commission. What must Sandy do to work for the developer? - Answers Transfer her
license from the broker to the owner developer
What does the license law requires that a licensee complete before the first renewal of a Florida real
estate license? - Answers A post licensing course
In a brokerage corporation, the officers and directors can be active or in active brokers or non-licensed
registered persons. If someone who is non-licensed and registered wants to become a broker, what
must he or she do? - Answers Qualify for a broker license in the same way as anyone else
Who would be exempt from the real estate licensing law? - Answers A person who rents mobile home
lots
Which entity provides the best protection for the public during a real estate transaction? - Answers FREC
and the license law
Which of the following is a characteristic of group license? - Answers It may be held by a sales associate
or broker associate
All of the following are exempt from F.S.475, except: - Answers Business brokers
Complete the sentence. A broker who holds more than one broker license: - Answers Holds multiple
licenses
, Complete the sentence. General partners in a brokerage partnerships that are not qualified to perform
the services of real estate must be registered: - Answers For identification purposes
Bills license expired on September 30. On February 14, of the following year, he wants to renew it. If it is
not his first renewal, what must bill do? - Answers Pay a late fee and a complete 14 hours of continuing
education
Ron and his wife each have real estate license before he enters the military. Ron is stationed in
Washington DC, and his wife accompanies him there. If they make their licenses in active: - Answers Ron
and his wife are exempt from renewal requirements until six months after runs discharge.
What is the status of a sales associates license if the Sales Associate works for a broker, and that broker
loses his license? - Answers Involuntary inactive
The Florida real estate commission may do all of the following, except: - Answers Impose imprisonment
as a penalty
Carls license expired on September 30, 2015. On February 10, 2019 he wants to activate it again. Which
is correct? - Answers His license is null and void
A real estate broker has entered into a single agency relationship with the sellers of a three bedroom,
two bath house. One of the agents in that brokers office has found an investor wanting to hire the
brokerage firm as a single agent. For the investor to be shown the sellers house: - Answers Both the
seller and the investor must agree to transition to transaction broker status
What must be given to a seller who is about to enter into a fiduciary relationship with a brokerage firm?
- Answers Single agency notice
What should a sales associate do if his employing broker instruct him or her not to show properties to
people of a certain race? - Answers Find a new employer
Which form requires a signature of all parties? - Answers Transition to transaction broker
In which instance must the agency disclosure forms developed by the state be used? - Answers
Residential sales
Which duty does a broker owe to a customer? - Answers Disclose known facts affecting the value of
residential property
What must all advertising have listed property contain? - Answers The name of the brokerage firm
Sales Associate Glenn works for a broker John. If Glenn receives an escrow deposit on Tuesday, what
should he do? - Answers Deliver it to his broker immediately next business day
A broker may hold escrow deposit in any of the following, except: - Answers A mutual fund
To whom do listings obtained by a Sales Associate belong to? - Answers The employing broker
In which area of brokerage has absentee ownership increased the demand? - Answers Property
management
How is a real estate appraiser typically paid? - Answers A fee based upon time and difficulty of the
appraisal
What does the local planning agency have the authority to approve? - Answers Subdivision plat map
What is it called when a developer gives land to a governmental body? - Answers Dedication
What business is a licensee who markets, leases and maintains engaged in property for someone else? -
Answers Property management
In which service of real estate must a licensee disclose the agency relationship and the responsibilities of
that relationship to the public? - Answers Residential sales
Which power authorizes the FREC to pass or revise rules - Answers quasi-legislative
All of the following would be grounds for Suspension or revocation of a real estate license, except: -
Answers Not being a resident in FL
Sandy works as a sales associate for a broker and has been asked to work weekends for a developer to
sell new homes on commission. What must Sandy do to work for the developer? - Answers Transfer her
license from the broker to the owner developer
What does the license law requires that a licensee complete before the first renewal of a Florida real
estate license? - Answers A post licensing course
In a brokerage corporation, the officers and directors can be active or in active brokers or non-licensed
registered persons. If someone who is non-licensed and registered wants to become a broker, what
must he or she do? - Answers Qualify for a broker license in the same way as anyone else
Who would be exempt from the real estate licensing law? - Answers A person who rents mobile home
lots
Which entity provides the best protection for the public during a real estate transaction? - Answers FREC
and the license law
Which of the following is a characteristic of group license? - Answers It may be held by a sales associate
or broker associate
All of the following are exempt from F.S.475, except: - Answers Business brokers
Complete the sentence. A broker who holds more than one broker license: - Answers Holds multiple
licenses
, Complete the sentence. General partners in a brokerage partnerships that are not qualified to perform
the services of real estate must be registered: - Answers For identification purposes
Bills license expired on September 30. On February 14, of the following year, he wants to renew it. If it is
not his first renewal, what must bill do? - Answers Pay a late fee and a complete 14 hours of continuing
education
Ron and his wife each have real estate license before he enters the military. Ron is stationed in
Washington DC, and his wife accompanies him there. If they make their licenses in active: - Answers Ron
and his wife are exempt from renewal requirements until six months after runs discharge.
What is the status of a sales associates license if the Sales Associate works for a broker, and that broker
loses his license? - Answers Involuntary inactive
The Florida real estate commission may do all of the following, except: - Answers Impose imprisonment
as a penalty
Carls license expired on September 30, 2015. On February 10, 2019 he wants to activate it again. Which
is correct? - Answers His license is null and void
A real estate broker has entered into a single agency relationship with the sellers of a three bedroom,
two bath house. One of the agents in that brokers office has found an investor wanting to hire the
brokerage firm as a single agent. For the investor to be shown the sellers house: - Answers Both the
seller and the investor must agree to transition to transaction broker status
What must be given to a seller who is about to enter into a fiduciary relationship with a brokerage firm?
- Answers Single agency notice
What should a sales associate do if his employing broker instruct him or her not to show properties to
people of a certain race? - Answers Find a new employer
Which form requires a signature of all parties? - Answers Transition to transaction broker
In which instance must the agency disclosure forms developed by the state be used? - Answers
Residential sales
Which duty does a broker owe to a customer? - Answers Disclose known facts affecting the value of
residential property
What must all advertising have listed property contain? - Answers The name of the brokerage firm
Sales Associate Glenn works for a broker John. If Glenn receives an escrow deposit on Tuesday, what
should he do? - Answers Deliver it to his broker immediately next business day
A broker may hold escrow deposit in any of the following, except: - Answers A mutual fund
To whom do listings obtained by a Sales Associate belong to? - Answers The employing broker
