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45 HOUR POST LICENSE FLORIDA
EXAM 2025/2026 UPDATED EXAM
WITH VERIFIED SOLUTIONS.
A CAM license is required when the property manager receives
_________ for their services and the community has more that
_____ units and has an annual budget of more than __________.
- correct answer -compensation
10
$100,000
A ________ can be sold rapidly with minimal loss of value -
correct answer -liquid asset
_____ is the use of borrowed funds to increase the potential
return of an investment - correct answer -leverage
When the rate of return exceeds the costs of borrowing, the
leverage is said to be ________ - correct answer -positive
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If the cost of borrowing is greater than the return it is - correct
answer -negative
Unimproved land typically produces - correct answer -negative
cash flow
an ______ is one which is not readily saleable due to uncertainty
about its vale in the market which it is regularly traded - correct
answer -illiquid asset
When an investor buys a property with the intention to sell it as
soon as possible is to _______. Investors feel like they can make
a profit with or without renovations - correct answer -flip it
What are the 3 operating expenses? - correct answer -fixed
expenses, variable expenses, and reserve for replacements.
___________ are costs that do not change with the level of
occupancy, such as real estate taxes and hazard insurance. -
correct answer -fixed expenses
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What isn't an operating expense? - correct answer -debt service
An individual has a _________ if they sell an asset for less than
the purchase price. - correct answer -capital loss
_________ is the reduction in the value of an asset due to usage,
passage of time, wear and tear, technological outdating,
depletion, or other such factors - correct answer -depreciation
_______ is a deduction that allows an investor to write off the cost
of his or her investment in income-producing property over a
prescribed period. - correct answer -Tax depreciation
Tax law allows owners of residential and low-income investment
properties to depreciate a portion of their investment over ______
years on a ______________. The residential category includes
single family rentals, apartment rentals, and mobile homes. -
correct answer -27.5
straight line basis
45 HOUR POST LICENSE FLORIDA
EXAM 2025/2026 UPDATED EXAM
WITH VERIFIED SOLUTIONS.
A CAM license is required when the property manager receives
_________ for their services and the community has more that
_____ units and has an annual budget of more than __________.
- correct answer -compensation
10
$100,000
A ________ can be sold rapidly with minimal loss of value -
correct answer -liquid asset
_____ is the use of borrowed funds to increase the potential
return of an investment - correct answer -leverage
When the rate of return exceeds the costs of borrowing, the
leverage is said to be ________ - correct answer -positive
, Page | 2
If the cost of borrowing is greater than the return it is - correct
answer -negative
Unimproved land typically produces - correct answer -negative
cash flow
an ______ is one which is not readily saleable due to uncertainty
about its vale in the market which it is regularly traded - correct
answer -illiquid asset
When an investor buys a property with the intention to sell it as
soon as possible is to _______. Investors feel like they can make
a profit with or without renovations - correct answer -flip it
What are the 3 operating expenses? - correct answer -fixed
expenses, variable expenses, and reserve for replacements.
___________ are costs that do not change with the level of
occupancy, such as real estate taxes and hazard insurance. -
correct answer -fixed expenses
, Page | 3
What isn't an operating expense? - correct answer -debt service
An individual has a _________ if they sell an asset for less than
the purchase price. - correct answer -capital loss
_________ is the reduction in the value of an asset due to usage,
passage of time, wear and tear, technological outdating,
depletion, or other such factors - correct answer -depreciation
_______ is a deduction that allows an investor to write off the cost
of his or her investment in income-producing property over a
prescribed period. - correct answer -Tax depreciation
Tax law allows owners of residential and low-income investment
properties to depreciate a portion of their investment over ______
years on a ______________. The residential category includes
single family rentals, apartment rentals, and mobile homes. -
correct answer -27.5
straight line basis
