Post License Renewal Questions with
100% Correct Answers
Chris inherited property and found out if he left the existing structures
untouched, the party would be worth 500,000. An appraisal estimates the E to
be worth 800,000 if he spends about 150,000 improving the real estate. He Alex
to make the recommended real estate improvements. Which appraisal applies
to the situation? Correct Answer: Highest and best use
Before listing their property the seller remodeled their kitchen at a cost of
$75,000. Based on the selling prices in the neighborhood, the real estate license
he estimates that the improvements to the kitchen increased the home value
by $60,000. What is this appraisal principal called? Correct Answer: Contribution
John decides to concentrate his marketing efforts in one particular
neighborhood that is located outside of the city limits. What is this called?
Correct Answer: Farming
The national Association of realtors has a code of ethics which is the standard
that Realtors agree to comply with. All of the following duties are included
except:
(a) do not provide misleading information
(b) provide equal nondiscriminatory services
(c) do not make false statements about other licensees
(d) use laws as the maximum standards Correct Answer: Use laws as the
maximum standards
, What type of real estate profession has come into prominence due to absentee
ownership? Correct Answer: Property manager
If a sales associate concentrated Business on manufacturing facilities in
warehouse is, what type of real estate would it be said that they specialize in
Correct Answer: Industrial
Early related transactions must be performed by a registered licensed or
certified appraiser in compliance with? Correct Answer: Uniform Standards of
Professional Appraisal Practice (USPAP)
Real estate licenses specialize in properties that include interval ownership
would want to concentrate on what type of sales Correct Answer: Time Shares
In addition to laws and rules, where could real estate licensees find a written
code of ethical standards to conduct their business by Correct Answer: NAR
code of ethics
Real estate licensees would be expected to perform all of the following duties
while providing real estate services to the public, EXCEPT:
(a) Prepare a purchase and sale contract
(b) Prepare a listing agreement
(c) prepare a comparative market analysis
(d) prepare an appraisal for a federally related Correct Answer: prepare an
appraisal for a federally related
What does FL Statute 475.23 require a real estate licensee to do upon changing
employing brokers? Correct Answer: Must provide notice to FREC within 10 days
after change
100% Correct Answers
Chris inherited property and found out if he left the existing structures
untouched, the party would be worth 500,000. An appraisal estimates the E to
be worth 800,000 if he spends about 150,000 improving the real estate. He Alex
to make the recommended real estate improvements. Which appraisal applies
to the situation? Correct Answer: Highest and best use
Before listing their property the seller remodeled their kitchen at a cost of
$75,000. Based on the selling prices in the neighborhood, the real estate license
he estimates that the improvements to the kitchen increased the home value
by $60,000. What is this appraisal principal called? Correct Answer: Contribution
John decides to concentrate his marketing efforts in one particular
neighborhood that is located outside of the city limits. What is this called?
Correct Answer: Farming
The national Association of realtors has a code of ethics which is the standard
that Realtors agree to comply with. All of the following duties are included
except:
(a) do not provide misleading information
(b) provide equal nondiscriminatory services
(c) do not make false statements about other licensees
(d) use laws as the maximum standards Correct Answer: Use laws as the
maximum standards
, What type of real estate profession has come into prominence due to absentee
ownership? Correct Answer: Property manager
If a sales associate concentrated Business on manufacturing facilities in
warehouse is, what type of real estate would it be said that they specialize in
Correct Answer: Industrial
Early related transactions must be performed by a registered licensed or
certified appraiser in compliance with? Correct Answer: Uniform Standards of
Professional Appraisal Practice (USPAP)
Real estate licenses specialize in properties that include interval ownership
would want to concentrate on what type of sales Correct Answer: Time Shares
In addition to laws and rules, where could real estate licensees find a written
code of ethical standards to conduct their business by Correct Answer: NAR
code of ethics
Real estate licensees would be expected to perform all of the following duties
while providing real estate services to the public, EXCEPT:
(a) Prepare a purchase and sale contract
(b) Prepare a listing agreement
(c) prepare a comparative market analysis
(d) prepare an appraisal for a federally related Correct Answer: prepare an
appraisal for a federally related
What does FL Statute 475.23 require a real estate licensee to do upon changing
employing brokers? Correct Answer: Must provide notice to FREC within 10 days
after change
