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45 Hour Post License Florida Questions and Answers (100% Correct Answers) Already Graded A+

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45 Hour Post License Florida Questions and Answers (100% Correct Answers) Already Graded A+

Instelling
45 Hour Post License
Vak
45 Hour Post License

Voorbeeld van de inhoud

1
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45 Hour Post License Florida Questions
and Answers (100% Correct Answers)
Already Graded A+
Farming [ANS:] Concentrating on one type of style of property or
on one particular neighborhood

A residential transaction os defined in F.S. 475 as the sale of any:
[ANS:] - Duplex
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- improved residential property of four units or fewer, including
condominium units
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-unimproved property intended for four units or fewer

- agricultural properties of ten acres or less

- leases with options to purchase all or a portion of improved
property of four or fewer residential units

- dispositions of business interests for property of four or fewer
residential units

absentee owners [ANS:] owners who buy income property as
investments and depend on professionals to manage them

All appraisals, whether performed by a licensed appraiser or a real
estate licensee, must be developed and reported in conformity
with the [ANS:] Uniform Standards of Professional Appraisal
Practice (USPAP)

The largest and most prestigious real estate organization in the
world is ________. They work for legislation enforce professional

, 2
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standards of conduct through its ________. [ANS:] 1. The National
Association of Realtors (NAR)

2. Code of Ethics

The largest trade association in the state is _________ [ANS:] The
Florida Association of Realtors (FAR)

The duties required by the Code of Ethics are: [ANS:] 1. Duties to
clients and customers
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2. Duties to the public in general

3. Duties to other real estate licensees
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Required Skills for the Real estate professional are: [ANS:] 1.
Valuation - Must be able to discern important differences
between properties and know ho to translate those differences
into value. Must be able to conduct a CMA.

2. Marketing - must have an understanding of the tools and
technologies available to market a property.

3. Property Transfer - understand how to close a transaction

Mission Statement [ANS:] description of a desired outcome that
excites, motivates, and helps you to create a mental picture of
your business goal.

Industrial Sales or Leasing [ANS:] include warehouses and
manufacturing facilities. Industrial sales and leasing generally
involve user/owners, rather than investors.

The law that specifically regulates real estate licensees, schools,
and appraisers is _________ [ANS:] F.S. 475

, 3
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The Range Of Penalties for disobeying FS 475 or 455 from lowest to
highest is: [ANS:] Reprimand, fine, probation, suspension, and
revocation or denial.

Which is the maximum penalty for disobeying laws under FS 455 or
FS 475 [ANS:] Revocation or denial of license

If the licensee does not complete the 45 hour course before the
expiration date of their first renewal, the license becomes ____
[ANS:] void and the licensee will be out of business. (have to start
over everything)
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When a sales associate changes employers, they must notify the
Commission of the change no later than ________ days after the
change by using the form provided by the commission. [ANS:] 10
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Advertisements may not be [ANS:] fraudulent, false, deceptive, or
misleading.

Advertising false, inaccurate, misleading or exaggerated
information could result in ____________ [ANS:] the issuance of a
citation and a fine of $500

A sales associate who receives a deposit must deliver it to the
broker or employer no later than [ANS:] the end of the business
day following the receipt of the item to be deposited

A sales associate may not collect money in connection with a real
estate transaction except [ANS:] in the name of the employer
(cannot be payed by buyer or seller)

A sales associate receives compensation only from his or her
______. A sales associate can however be paid a portion of a
commission by a closing agent if such instructions have been
provided in writing by the _____. [ANS:] 1. broker

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45 Hour Post License
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45 Hour Post License

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