Pre-License Sales Associate Real Estate Practice Exam
Questions With Accurate Solutions
What type of license or other credential is required for an individual to engage
in the sale, purchase, or lease of businesses for others? - accurate answers-
Real Estate License
Which document would contain information regarding the architectural
design standards that must be used in a particular subdivision? - accurate
answers-Restrictive Covenants
Which instrument can be used by a property owner to control how a
particular parcel of real property may be utilized by future property owners? -
accurate answers-Deed Restrictions
Which property would be defined as agricultural property under Chpt 475 of
the FL statutes? - accurate answers-15 acres of undeveloped agricultural land
A couple tours several model homes in a new subdivision. The couple decides
to purchase one of the available lots and have the builder construct one of the
model floor plans on the lot. Which type of construction is this? - accurate
answers-Tract home
The sales associate that worked with the buyer in the transaction sets up an
appointment with the buyers to visit them 6 weeks after the sale. The sales
associate routinely makes a visit after the title closing to thank the buyers for
choosing her real estate comp., and extend an offer to help with the buyers'
future real estate needs. What type of service is the sales associate providing?
- accurate answers-Follow-up
Which property is defined as residential real estate under Chpt 475, F.S.? -
accurate answers-8 acres of agricultural property
In which way does the state govnt influence the real estate business? -
accurate answers-Identification of Coastal regions
,A marketing tool used by real estate licensees in the process of soliciting for
listings that is intended to help sellers determine an asking price is known as
a(n): - accurate answers-comparative market analysis
A map that indicates the size and location of individual lots, streets, and public
utilities within a new development is called a(n) - accurate answers-
subdivision plat map
Which statement concerning a broker's price options (BPO's) is true -
accurate answers-the payment for a BPO must be paid to the broker and not
directly to the sales associate who prepared the BPO
A developer transfers to the city privately owned streets in a subdivision with
the agreement that the city will maintain the streets in future. This process is
known as: - accurate answers-dedication
Attorneys who are active members in good standing with the FL Bar are
exempt from which education requirement? - accurate answers-FREC Course I
for sales associates
Which individual is NOT exempt from holding a FL real estate license? -
accurate answers-Certified Public Accountant, who is employed by a real
estate corporation and receives a salary plus bonuses based on real estate
transactions
A student who fails the sales-associate end of course exam must wait how long
from the date of the original exam to retest? - accurate answers-30 days
Which individual must hold a FL real estate license? - accurate answers-
Lawyer who receives a share of the commission for each transaction resulting
from the referral of a client to a local brokerage office
An applicant has been issued a broker's license. The broker licensee does not
want to own her own real estate brokerage business. The licensee went to
work selling real estate under another broker. She is BEST described as a -
accurate answers-broker associate
A developer of a new residential subdivison hires a sales staff to sell homes.
The sales staff receives a base salary plus 1% of the sale price of each home
,they sell. Are the people who well these homes for the developer required to
hold real estate licenses? - accurate answers-Yes, the sales staff must hold a
real estate license because they are partially compensated based on actual
sales
A first time home buyer responds to a for salle by owner yard sign and walks
through a home for sale. The buyer is not sure what recent prices homes in
the neighborhood have been commanding or what is a resonable offering
price. This situation is BEST described as - accurate answers-caveat emptor
"nolo contendere" is a term that means - accurate answers-no contest
For licensing purposes, a resident of FL is defined as a person who has resided
in FL for what period of time? - accurate answers-4 months
Students must pass the prelicense end of course exam with a grade of at Least
what percent? - accurate answers-70
What is required of all nonresident license applicants? - accurate answers-
Agree to the irrevocable consent to service section on the license application
Within one year, how many times may a student who failed the end of course
exam retest without repeating the course? - accurate answers-one
An individual who received a four year degree in real estate from a state
university is NOT exempt from which license requirement? - accurate
answers-State license exam
What is the percentage passing score on the state license exam? - accurate
answers-75
The rules of the FL Real Estate Commission are found in - accurate answers-
Chpt. 61J2
When a real estate school changes business address and the school permit
holder notifies the FREC within the required 10 days, the instructor permits of
the instructors who continue to teach for school - accurate answers-remain in
force
, When a brokers license is revoked, what happenes to the licenses of the sales
associates that are registered under the broker? - accurate answers-the
licenses revert to involuntary inactive status
What is the maximum number of consecutive years a Commissioner may
serve on the FL Real Estate Commission? - accurate answers-8
The FREC's power to determine license law violations is an exercise of which
type of power? - accurate answers-Quasi-judicial
Which power is NOT given to the FL Real Estate Commission? - accurate
answers-Imposing Jail Sentences
Members of the FL Real Estate Commission are appointed by the - accurate
answers-Governor
A sales associate moved from the Lake City, FL to Key West FL. WHat action
must the licensee take? - accurate answers-within 10 days of moving, inform
the DBPR in writing of the change of address
How many FL Real Estate Commission members may be licensed as a real
estate sales associate? - accurate answers-One
Which task must a sales associate complete prior to the expiration of the
initial sales associate license? - accurate answers-Complete the 45 hour post
license education course
After what period of time does an involuntary inactive license automatically
expire and become null and void? - accurate answers-2 years
After what period of time does an involuntary inactive license automatically
expire and become null and void? - accurate answers-2 years
The director of the division of real estate is appointed by the - accurate
answers-Secretary of the department of business and professional regulation
(DBPR)
Assume on February 28, 2011, an initial real estate license was issued. What
date will this license expire? - accurate answers-September 30, 2012
Questions With Accurate Solutions
What type of license or other credential is required for an individual to engage
in the sale, purchase, or lease of businesses for others? - accurate answers-
Real Estate License
Which document would contain information regarding the architectural
design standards that must be used in a particular subdivision? - accurate
answers-Restrictive Covenants
Which instrument can be used by a property owner to control how a
particular parcel of real property may be utilized by future property owners? -
accurate answers-Deed Restrictions
Which property would be defined as agricultural property under Chpt 475 of
the FL statutes? - accurate answers-15 acres of undeveloped agricultural land
A couple tours several model homes in a new subdivision. The couple decides
to purchase one of the available lots and have the builder construct one of the
model floor plans on the lot. Which type of construction is this? - accurate
answers-Tract home
The sales associate that worked with the buyer in the transaction sets up an
appointment with the buyers to visit them 6 weeks after the sale. The sales
associate routinely makes a visit after the title closing to thank the buyers for
choosing her real estate comp., and extend an offer to help with the buyers'
future real estate needs. What type of service is the sales associate providing?
- accurate answers-Follow-up
Which property is defined as residential real estate under Chpt 475, F.S.? -
accurate answers-8 acres of agricultural property
In which way does the state govnt influence the real estate business? -
accurate answers-Identification of Coastal regions
,A marketing tool used by real estate licensees in the process of soliciting for
listings that is intended to help sellers determine an asking price is known as
a(n): - accurate answers-comparative market analysis
A map that indicates the size and location of individual lots, streets, and public
utilities within a new development is called a(n) - accurate answers-
subdivision plat map
Which statement concerning a broker's price options (BPO's) is true -
accurate answers-the payment for a BPO must be paid to the broker and not
directly to the sales associate who prepared the BPO
A developer transfers to the city privately owned streets in a subdivision with
the agreement that the city will maintain the streets in future. This process is
known as: - accurate answers-dedication
Attorneys who are active members in good standing with the FL Bar are
exempt from which education requirement? - accurate answers-FREC Course I
for sales associates
Which individual is NOT exempt from holding a FL real estate license? -
accurate answers-Certified Public Accountant, who is employed by a real
estate corporation and receives a salary plus bonuses based on real estate
transactions
A student who fails the sales-associate end of course exam must wait how long
from the date of the original exam to retest? - accurate answers-30 days
Which individual must hold a FL real estate license? - accurate answers-
Lawyer who receives a share of the commission for each transaction resulting
from the referral of a client to a local brokerage office
An applicant has been issued a broker's license. The broker licensee does not
want to own her own real estate brokerage business. The licensee went to
work selling real estate under another broker. She is BEST described as a -
accurate answers-broker associate
A developer of a new residential subdivison hires a sales staff to sell homes.
The sales staff receives a base salary plus 1% of the sale price of each home
,they sell. Are the people who well these homes for the developer required to
hold real estate licenses? - accurate answers-Yes, the sales staff must hold a
real estate license because they are partially compensated based on actual
sales
A first time home buyer responds to a for salle by owner yard sign and walks
through a home for sale. The buyer is not sure what recent prices homes in
the neighborhood have been commanding or what is a resonable offering
price. This situation is BEST described as - accurate answers-caveat emptor
"nolo contendere" is a term that means - accurate answers-no contest
For licensing purposes, a resident of FL is defined as a person who has resided
in FL for what period of time? - accurate answers-4 months
Students must pass the prelicense end of course exam with a grade of at Least
what percent? - accurate answers-70
What is required of all nonresident license applicants? - accurate answers-
Agree to the irrevocable consent to service section on the license application
Within one year, how many times may a student who failed the end of course
exam retest without repeating the course? - accurate answers-one
An individual who received a four year degree in real estate from a state
university is NOT exempt from which license requirement? - accurate
answers-State license exam
What is the percentage passing score on the state license exam? - accurate
answers-75
The rules of the FL Real Estate Commission are found in - accurate answers-
Chpt. 61J2
When a real estate school changes business address and the school permit
holder notifies the FREC within the required 10 days, the instructor permits of
the instructors who continue to teach for school - accurate answers-remain in
force
, When a brokers license is revoked, what happenes to the licenses of the sales
associates that are registered under the broker? - accurate answers-the
licenses revert to involuntary inactive status
What is the maximum number of consecutive years a Commissioner may
serve on the FL Real Estate Commission? - accurate answers-8
The FREC's power to determine license law violations is an exercise of which
type of power? - accurate answers-Quasi-judicial
Which power is NOT given to the FL Real Estate Commission? - accurate
answers-Imposing Jail Sentences
Members of the FL Real Estate Commission are appointed by the - accurate
answers-Governor
A sales associate moved from the Lake City, FL to Key West FL. WHat action
must the licensee take? - accurate answers-within 10 days of moving, inform
the DBPR in writing of the change of address
How many FL Real Estate Commission members may be licensed as a real
estate sales associate? - accurate answers-One
Which task must a sales associate complete prior to the expiration of the
initial sales associate license? - accurate answers-Complete the 45 hour post
license education course
After what period of time does an involuntary inactive license automatically
expire and become null and void? - accurate answers-2 years
After what period of time does an involuntary inactive license automatically
expire and become null and void? - accurate answers-2 years
The director of the division of real estate is appointed by the - accurate
answers-Secretary of the department of business and professional regulation
(DBPR)
Assume on February 28, 2011, an initial real estate license was issued. What
date will this license expire? - accurate answers-September 30, 2012
