FREE AND STUDY GAMES ABOUT FLORIDA REAL ESTATE

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FREE AND STUDY GAMES ABOUT FLORIDA REAL ESTATE

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -38 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: Applicant must

Answer:

18 years of age or older have earned a high school diploma (or equivalent) be of good character have not violated Chapter 475 within one year prior to application

Question 2: Two types of real estate licenses

Answer:

Sales associate= introductory level; must work under the direction, control & mgmt of a broker or owner-developer; must be registered under one broker or one owner-developer Broker licenses require additional education and experience

Question 3: Compensation

Answer:

is anything of value or a valuable consideration, directly or indirectly paid, promised, or expected to be paid or received

Question 4: Exempt from taking Course 1

Answer:

Attorneys who are active members of The Florida Bar are exempt from Course I Individuals with a four-year college degree in real estate are exempt from Course I Question 5: Must Sales staff hold active real estate licenses to be paid commission

Answer:

YES

Question 6: Florida resident

Answer:

resided in Florida continuously for a period of four calendar months within the preceding year A person who currently resides in Florida with the intention to reside continuously in Florida for a period of four months or more

Question 7: Mutual recognition agreements

Answer:

recognize the education and experience that real estate licensees have acquired in another state or nation

Question 8: Caveat emptor

Answer:

is a policy of let the buyer beware (buyer is responsible for own knowledge in real estate transactions).

Question 9: Broker requirements

Answer:

Complete Course II with a passing score of at least 70 on the end-of-course exam Must complete at least 24 months of real estate experience during the five-year period preceding becoming licensed as a broker

Question 10: Change in mailing address

Answer:

requires licensee to inform the DBPR in writing within ten days

Question 11: Broker associate

Answer:

is an individual who meets the requirements of a broker but who chooses to work (operate) in real estate under the direction (employ) of another broker.

Question 12: Resident

Answer:

application and licensing purposes, person resided in Florida continuously for a period of four calendar months or more within the preceding year, regardless if they resided in a recreational vehicle, hotel or other temporary or permanent location.

Question 13: Mutual recognition agreement

Answer:

is a transactional agreement between Florida and another state that provides for the two states to recognize each other's real estate pre-license education.

Question 14: Broker associates

Answer:

are licensed as brokers but choose to work under the direction of a broker/employer

Question 15: Mutual recognition agreements

Answer:

exclusively to nonresidents licensed in other jurisdictions Required to pass 40 question Florida-specific real estate law exam with at least 75 percent If licensed through mutual recognition must complete the Florida post-licensing requirement

Question 16: Who is exempt from Broker Course II

Answer:

Broker applicants who have received a four-year degree in real estate are exempt from Course II

Question 17: Withhold adjudication

Answer:

court determines defendant is not likely to again engage in a criminal act court withhold adjudication of guilt. the court may withhold adjudication of guilt, stay (stop) the imposition of the sentence, and place the defendant on probation.

Question 18: Registration

Answer:

is the official placement of a real estate business or individual into the DBPR's records (database).Question 19: Is Sales staff is exempt from licensure if paid strictly on salaried basis

Answer:

YES

Question 20: Application requirements

Answer:

Background information whether the applicant has been convicted of a crime, pled guilty to a crime, or pled nolo contendere Must disclose prior conviction even if court action was withheld Disclose other names or alias, including a maiden name Question 21: Broker applicants who hold a Florida real estate sales associate's license must

Answer:

Broker applicants who hold a Florida real estate sales associate's license must complete the 45-hour post-licensing course for sales associates before the initial sales associate's license expires to be eligible for a broker's license

Question 22: License

Answer:

is a written document issued by the DBPR that serves as prima facie evidence (valid on its face) that the person is licensed on the date shown.

Question 23: Broker

Answer:

is a person who, for another and for compensation, performs real estate services

Question 24: Post-licensing requirement for sales associates

Answer:

Florida sales associates must complete the 45-hour post-licensing course before the expiration of the initial sales associate license