Which of the following is NOT considered a major real estate licensee sales specialty?
Residential
Commercial
Agricultural
Cemetery Plots
What is the term for making a larger parcel from smaller ones?
Co-operative
Assemblage
Trust
Subdivision
What is a BPO?
Best Practice Organization
Best Prospective Offer
Beyond Present Opportunities
Broker Price Opinion
What is a seller who offers financing on more than two homes in a two year period required to do?
Get an off-shore tax account
Become incorporated
Take an appraiser course
Register as a loan originator
Which of the following is incorrect?
Farming is a great way for a licensee to introduce themselves.
Farming methods include Direct Mail and Just Listed Post Cards.
Farming only involves raising crops, fish or animals.
Farming involves concentrating business efforts in a particular geographical area.
What is a home built from blueprints supplied by the buyer is called?
A spec home
A custom home
A tract home
An architectural original
Why is there a high demand for property managers in Florida?
Gated communities
Cruise ships
High temperatures
Absentee owners
An appraisal can be completed by which of the following?
A real estate broker
A licensed appraiser using USPAP standards
A home inspector
A mortgage loan originator
MLS is an acronym for which of the following?
Major Lending Service
Multiple Lender Sources
Multiple Land Syndication
Multiple Listing System
What is dedication?
Giving up private land for public use
The motto of the health service
Donating a building to a private school
Putting other people’s priorities above your own
2ch-REU-PL-Qonly-quiz
What is the difference between a Broker Associate and a Broker?
A Broker Associate has passed the Broker exam but chooses to work for a Broker
A Broker Associate is the Broker’s unlicensed Assistant
There is no difference
A Broker Associate is studying real estate under the guidance of the Broker
Which of the following is regarded as unlicensed activity?
Giving an opinion on a Title
Showing property without having a signed Buyer Representation Agreement
Marketing to FSBO’s
Attending another Sales Associate’s Open House
What is the meaning of Caveat Emptor?
Buyer Beware
Danger – Sink Holes
Beware of the Cat
Pot Holing Venter
What is the minimum education requirement for an applicant?
High school diploma or equivalent
PHD
MBA
There is no minimum requirement
A Licensee from another State may be able to get a FL license without undergoing pre-licensing education through which of the following?
Mutual Recognition
RESPA
Buying a home in Florida
Being a REALTOR®
When should Fingerprints be submitted?
Before enrolling in pre-licensing courses
Fingerprints are not required
As soon as an application has been submitted to DBPR
After passing the State Exam
Which Organization approves the Sales Associate and Broker License Applications?
Fannie Mae
DBPR
FREC
NAR
What is a newly licensed person working for a broker known as?
An Appraiser
A Home Inspector
An Unlicensed Assistant
A Sales Associate
Which of the following are exempt from real estate licensure?
A Property Manager working in a Property Management Company
An attorney acting on his client’s behalf
Broker Associate
Sales Associate
Which of the following is correct?
The Post Licensing education requirement for a Sales Associate is 14 hours
Brokers do not need to do any Post Licensing Education
The pre-licensing education requirement for a Broker is 72 hours
The pre-licensing education requirement for a Sales Associate is 60 hours
3ch-REU-PL-Qonly-quiz
How many members of the FREC must be active licensed brokers?
Three
Two
Seven
Four
Who issues real estate licenses?
The Governor
The Association
The Department
The Commission
How many of the Members of FREC are not and never have been Brokers or Sales Associates?
Four
Five
Two
Three
After passing the Sales Associate exam when does a license become effective?
After written notice is received that the applicant passed the examination
After signing an employment contract with a broker
Upon leaving the Testing Center
When he receives his Certificate
What is the Maximum fine that can be levied by FREC for any violation of 475 F.S. and 455 F.S.?
$5,000 (Dollars)
$2,500 (Dollars)
$2,000 (Dollars)
$1,500 (Dollars)
If a Sales Associate fails to complete their 14-hours of Continuing Education before their license expires March 31, What is the status of their license on April 1?
The license is revoked
The license is involuntarily inactive
The license is voluntarily inactive
The license is null and void
The DBPR has powers of enforcement in how many areas?
Seven
Six
Eight
Three
Which of the following is FREC NOT required to do?
Inspect and Audit Licensees and business practices
Approve real estate education courses
Impose Disciplinary Actions
Issue a Florida sales associate’s real estate license
An initial license is issued in October of 2018. When must the license be renewed in order to prevent expiration?
31 March 2020
30 September 2020
30 September 2021
31 March 2021
What is the purpose of the Department of Business and Professional Regulation?
Real Estate Licensing
To act as a Consumer Protection Agency
Regulation of Police Power
Real Estate Licensing