Florida Real Estate Class Final Exam 2025 UPDATE Verified Question
Florida Real Estate Class Final Exam
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1. A Business Broker Specializes in the sale,
purchase or lease of busi-
nesses. Is required to have
a real estate license and
may be licensed as a real
estate broker or sales as-
sociate
2. Follow-Up is Keeping in contact with
the new owner after the
closing of the sale
3. A builder constructs a house on an owner's lot ac- Custom Building
cording to the owner's plans and specifications. This
is called
4. A builder purchases several vacant lots in an estab- Spec Building
lished residential subdivision. The builder constructs
houses w/o having secured a buyer in advance of
the construction of each home and advertises them
for sale to prospective buyers. This is which type of
residential construction?
5. What is exempt from Real Estate licensure under 1. Straight Salary .
Chapter 475? 2. A person who sells
cemetery lots for a com-
mission. 3. Court jurisdic-
tion.
4. Renting of a mobil
home lot in a mobil home
park
6. Other exemptions from licensure include
, Florida Real Estate Class Final Exam
Study online at https://quizlet.com/_42ekh
1. For Sale by Owner
2. Owner of a Timeshare
period who offers the
property for resale.
3. A leasing agent of an
apt. complex if they are
salaried, work in an onsite
rental office and work in a
leasing capacity.
4. A manager of a condo
and Co-op if employed for
a salary and rent is for pe-
riods no greater than 1 yr.
5. An Attorney-in-Fact
(Power of Attorney)
6. An Attorney-at-Law
when acting in the scope
of his or her duties as an
attorney. Not receiving any
compensation for a sale.
7. A decedent (personal
representative) when ap-
pointed by the court.
8. A person selling entities
licensed by the FCC (radio,
TV or cable enterprises)
9. A person selling per-
sonal property.
7. A farmer is appointed by the court to appraise the Yes because he was ap-
farm land of a deceased neighbor. The farmer will be pointed by the courts.
, Florida Real Estate Class Final Exam
Study online at https://quizlet.com/_42ekh
paid a $3000 fee for the appraisal. Is he exempt from
Chapter 475?
8. A sales assoc employs an unlicensed assistant. The Both violated the license
licensee prepares a fact sheet for all of her listings. law when the assistant en-
The sales assoc instructs her assistant to drive a tered the property to show
prospective purchaser by several listed properties. it.
When questioned about a particular property, the as-
sistant reads information from the fact sheet. The
prospect decides to buy after the assistant showed
her the interior of the last property. Have one or the
other or both violated Chapter 475?
9. Under FREC rules, a Fla resident is a person who has resided in Fla for at least 4
mos within the preceding
year.
10. Tom intends to make application to become a Fla real To be a US Citizen
estate sales associate. He must have a Social Security
number, a high school diploma, be over 18, and be
competent to negotiate. What is not required?
11. Mary has a 4 year degree in real estate. Mary must Continuing Education
still attend the pre-licensing course and post-licensing
education. What class is she exempt from?
12. If a Florida licensee becomes a non-resident of Florida, notify the BPR within 10
he or she must days and file an "irrevo-
cable consent to service"
within 60 days
13. complete the 63-hour
sales assoc pre-licensing
, Florida Real Estate Class Final Exam
Study online at https://quizlet.com/_42ekh
If a real estate licensee moves to Florida from another course and pass the Fla li-
state and wants to obtain a Fla Sales Assoc license cense exam.
based on Mutual Recognition, the licensee must
14. To obtain a broker's license, the applicant must have 1. Satisfactorily completed
the 72 hr broker course.
2. been an Active Sales As-
soc for at least 24 months.
15. What information is required to be disclosed on an 1. If you've ever been con-
application for RE licensure? victed of a crime.
2. Entered a plea of nolo
contendere, regardless of
adjudicaton.
3. Any violation of the law
(except traffic violations,
speeding tickets, etc)
16. What does NOT have to be disclosed on an application Personal Bankruptcy
for RE licensure?
17. If a developer owns 3 subdivisions in the names of 3 A Group License
different entities. A sales assoc or broker assoc may be
employed by the owner-developer on a commission
basis to sell lots in the 3 subdivisions if the assoc is
issued what type of license?
18. To be a broker for several real estate brokerage com- Multiple Broker licenses
panies, you must be issued what type of license? (one for each company)
19. If a real estate licensee fails to renew her license at the It reverts to an involuntary
end of the biennial renewal period, what will happen inactive status
to the license?
Florida Real Estate Class Final Exam
And Answers | Guaranteed Success!!
Study online at https://quizlet.com/_42ekh
1. A Business Broker Specializes in the sale,
purchase or lease of busi-
nesses. Is required to have
a real estate license and
may be licensed as a real
estate broker or sales as-
sociate
2. Follow-Up is Keeping in contact with
the new owner after the
closing of the sale
3. A builder constructs a house on an owner's lot ac- Custom Building
cording to the owner's plans and specifications. This
is called
4. A builder purchases several vacant lots in an estab- Spec Building
lished residential subdivision. The builder constructs
houses w/o having secured a buyer in advance of
the construction of each home and advertises them
for sale to prospective buyers. This is which type of
residential construction?
5. What is exempt from Real Estate licensure under 1. Straight Salary .
Chapter 475? 2. A person who sells
cemetery lots for a com-
mission. 3. Court jurisdic-
tion.
4. Renting of a mobil
home lot in a mobil home
park
6. Other exemptions from licensure include
, Florida Real Estate Class Final Exam
Study online at https://quizlet.com/_42ekh
1. For Sale by Owner
2. Owner of a Timeshare
period who offers the
property for resale.
3. A leasing agent of an
apt. complex if they are
salaried, work in an onsite
rental office and work in a
leasing capacity.
4. A manager of a condo
and Co-op if employed for
a salary and rent is for pe-
riods no greater than 1 yr.
5. An Attorney-in-Fact
(Power of Attorney)
6. An Attorney-at-Law
when acting in the scope
of his or her duties as an
attorney. Not receiving any
compensation for a sale.
7. A decedent (personal
representative) when ap-
pointed by the court.
8. A person selling entities
licensed by the FCC (radio,
TV or cable enterprises)
9. A person selling per-
sonal property.
7. A farmer is appointed by the court to appraise the Yes because he was ap-
farm land of a deceased neighbor. The farmer will be pointed by the courts.
, Florida Real Estate Class Final Exam
Study online at https://quizlet.com/_42ekh
paid a $3000 fee for the appraisal. Is he exempt from
Chapter 475?
8. A sales assoc employs an unlicensed assistant. The Both violated the license
licensee prepares a fact sheet for all of her listings. law when the assistant en-
The sales assoc instructs her assistant to drive a tered the property to show
prospective purchaser by several listed properties. it.
When questioned about a particular property, the as-
sistant reads information from the fact sheet. The
prospect decides to buy after the assistant showed
her the interior of the last property. Have one or the
other or both violated Chapter 475?
9. Under FREC rules, a Fla resident is a person who has resided in Fla for at least 4
mos within the preceding
year.
10. Tom intends to make application to become a Fla real To be a US Citizen
estate sales associate. He must have a Social Security
number, a high school diploma, be over 18, and be
competent to negotiate. What is not required?
11. Mary has a 4 year degree in real estate. Mary must Continuing Education
still attend the pre-licensing course and post-licensing
education. What class is she exempt from?
12. If a Florida licensee becomes a non-resident of Florida, notify the BPR within 10
he or she must days and file an "irrevo-
cable consent to service"
within 60 days
13. complete the 63-hour
sales assoc pre-licensing
, Florida Real Estate Class Final Exam
Study online at https://quizlet.com/_42ekh
If a real estate licensee moves to Florida from another course and pass the Fla li-
state and wants to obtain a Fla Sales Assoc license cense exam.
based on Mutual Recognition, the licensee must
14. To obtain a broker's license, the applicant must have 1. Satisfactorily completed
the 72 hr broker course.
2. been an Active Sales As-
soc for at least 24 months.
15. What information is required to be disclosed on an 1. If you've ever been con-
application for RE licensure? victed of a crime.
2. Entered a plea of nolo
contendere, regardless of
adjudicaton.
3. Any violation of the law
(except traffic violations,
speeding tickets, etc)
16. What does NOT have to be disclosed on an application Personal Bankruptcy
for RE licensure?
17. If a developer owns 3 subdivisions in the names of 3 A Group License
different entities. A sales assoc or broker assoc may be
employed by the owner-developer on a commission
basis to sell lots in the 3 subdivisions if the assoc is
issued what type of license?
18. To be a broker for several real estate brokerage com- Multiple Broker licenses
panies, you must be issued what type of license? (one for each company)
19. If a real estate licensee fails to renew her license at the It reverts to an involuntary
end of the biennial renewal period, what will happen inactive status
to the license?
