FLORIDA REAL ESTATE: CRAM EXAM 1
Absentee ownership has increased the demand for which area of brokerage? - Answers
:property management
How is a real estate appraiser paid? - Answers :a free based upon time and difficulty of
the appraisal
What does the local planning agency have the authority to approve? - Answers
:subdivision plat maps
What is it called when a developer gives land to a government body? - Answers
:dedication
What business is a licensee engaged in who markets, leases and maintains 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 of revocation of a real estate
license, EXCEPT? - Answers :not being a resident of Florida
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 FS 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 partnership that are not
qualified to perform the services of real estate must be registered: - Answers :for
identification purposes
Bill's license expired on Sept. 30, 2013. On Feb. 14, 2014 he wants to renew it. If it is
not his first renewal, what must Bill do? - Answers :pay a late fee and complete 14
hours of continuing education
Ron and his wife each have real estate licenses before he enters the military. Ron is
stationed in Washington, D.C., and his wife accompanies him there. If they make their
licenses inactive: - Answers :Ron and his wife are exempt from renewal requirements
until 6 months after Ron's discharge.
, What is the status of a sales associate's 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
Karl's license expired on Sept. 30, 2010. On Feb. 10, 2014 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-bathroom house. One of the agents in that broker's office has found
an investor wanting to hire the brokerage firm as a single agent. For the investor to be
shown this seller's house: - Answers :both the seller and the investor must agree to
transition to transaction broker status.
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 require that a licensee complete before the first renewal of a
Florida real estate license? - Answers :post-licensing course
In a brokerage corporation, the officers and directors can be active or inactive 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
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 instructs him or her not to
show properties to people of a certain race? - Answers :find a new employer
Which form requires the signature of all parties? - Answers :transition to transaction
broker
The agency disclosure forms developed by the state must be used in instance? -
Answers :residential sales
Absentee ownership has increased the demand for which area of brokerage? - Answers
:property management
How is a real estate appraiser paid? - Answers :a free based upon time and difficulty of
the appraisal
What does the local planning agency have the authority to approve? - Answers
:subdivision plat maps
What is it called when a developer gives land to a government body? - Answers
:dedication
What business is a licensee engaged in who markets, leases and maintains 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 of revocation of a real estate
license, EXCEPT? - Answers :not being a resident of Florida
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 FS 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 partnership that are not
qualified to perform the services of real estate must be registered: - Answers :for
identification purposes
Bill's license expired on Sept. 30, 2013. On Feb. 14, 2014 he wants to renew it. If it is
not his first renewal, what must Bill do? - Answers :pay a late fee and complete 14
hours of continuing education
Ron and his wife each have real estate licenses before he enters the military. Ron is
stationed in Washington, D.C., and his wife accompanies him there. If they make their
licenses inactive: - Answers :Ron and his wife are exempt from renewal requirements
until 6 months after Ron's discharge.
, What is the status of a sales associate's 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
Karl's license expired on Sept. 30, 2010. On Feb. 10, 2014 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-bathroom house. One of the agents in that broker's office has found
an investor wanting to hire the brokerage firm as a single agent. For the investor to be
shown this seller's house: - Answers :both the seller and the investor must agree to
transition to transaction broker status.
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 require that a licensee complete before the first renewal of a
Florida real estate license? - Answers :post-licensing course
In a brokerage corporation, the officers and directors can be active or inactive 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
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 instructs him or her not to
show properties to people of a certain race? - Answers :find a new employer
Which form requires the signature of all parties? - Answers :transition to transaction
broker
The agency disclosure forms developed by the state must be used in instance? -
Answers :residential sales
