Which service, when performed for another person for compensation, does NOT require a real estate license?
Advertising
Financing
Selling
Leasing
What did the Clean Air Act prohibit to help protect the earth’s protective ozone layer?
The use of R-22 refrigerant to service an existing air conditioner
The use of R-22 refrigerant in newly manufactured air conditioners
The production of R-22 refrigerant for any use
The sale of R-22 refrigerant in the United States
During an open house, licensee Jenny obtained contact information on the open house register from several potential consumers who showed interest in the home. Jenny wants to follow up to see if they are still in the market for a new home. In accordance with the “Do Not Call” laws, even if they are on the DNC registry, Jenny may call them:
only for one month.
for up to three months.
for up to 18 months.
only if the customer contacts the licensee first.
A landlord requests a credit check when considering a tenant application. Which credit score would indicate the highest risk that the applicant would become delinquent on rent payments?
800 and higher
670 to 799
580 to 669
579 or lower
Which is NOT a protected status under the Fair Housing Act?
Race
Familial status
Disability
Occupation
Real estate agent Bob who is licensed in Florida is preparing an ad for his real estate services in a local paper. In the ad, he includes his full name and phone number. The ad must also contain his:
license number.
brokerage firm’s web address.
email address.
brokerage firm’s registered name.
Broker Maria did not complete her post-license renewal requirements by the initial broker license expiration date. What is the status of her license?
Involuntary inactive
Null and void
Voluntary inactive
Active
Alan is considering becoming a commercial landlord. What source should Alan consult to find information governing commercial landlord activities?
Chapter 83, F.S., Part I
Chapter 83, F.S., Part II
Chapter 475, F.S., Part I
Chapter 475, F.S., Part II
Licensee Danita is personally selling her residence without the service of a brokerage firm. In this situation, Danita:
must disclose her license status in any advertisement.
should disclose her license status in the sales contract at the time an offer is made.
must disclose her license status (owner/broker) on the yard sign, if any.
should disclose her license status at closing.
To help create a stronger public image and build trust in the community, ABC Realty is actively engaged in corporate social responsibility projects. An example of such a project would be if they:
host a dinner for employees.
have a company picnic for employees and families.
have a company policy encouraging employees to volunteer in the local community.
hold an annual shareholders meeting.
Julia desires to purchase a home in the same neighborhood as her aging parents. She found the perfect house, so she included an escalation clause in the offer stating the maximum amount that she is willing to pay to purchase the home. This clause is referred to as a:
debt ceiling.
maximum quote.
price ceiling.
top bid.
Premier Realty Group wants to regulate behavior for employees with an emphasis on compliance and rules. To accomplish this, they should institute a:
code of conduct with fundamentals.
code of ethics.
code of practice.
social contract.
Broker Dan wants to open a branch office for his brokerage firm. According to the FREC, the new location would need to be:
located at least 10 miles away from the principal office.
located in a different municipality.
registered as a branch office.
registered under a different firm name.
Under which circumstance is a residential landlord prohibited from entering a dwelling unit?
At any time, at the will of the landlord
In case of emergency
With the consent of the tenant
When the tenant unreasonably withholds consent
Evan’s offer to purchase a property was not accepted, so he submitted a(n) __________ to the seller with agreed-upon terms in case the primary contract is terminated.
preemptive offer
invalid offer
preliminary offer
backup offer
The local REALTOR Association determined in an ethics hearing panel that a REALTOR breached the NAR Code of Ethics. What can the discipline include?
Loss of their state license
Up to 30 days probation
A fine not to exceed $15,000
Publication of the finding on social media
Buyer Nathan found his dream home and decided to make an offer without requiring an inspection or any other conditions. This type of offer means there are no:
prequalifications.
pending items.
contingencies.
adjustments.
A real estate licensee who wants to know more about the ethical duties owed to clients and customers should review which NAR Articles?
Articles 1-9
Articles 10-14
Articles 13-15
Articles 15-17
Haley is an unlicensed personal assistant for a brokerage firm. In her role, what is Haley permitted to do?
Conduct an open house
Be paid a commission
Provide keys to prospects
Attend an open house for security purposes
Business ethics do NOT apply to:
business decision making.
the establishment of laws that govern the business.
business practices.
the conduct of individuals in the business.
Real estate broker firm Simson Group may use the word ________ in their advertisement for their sales licensees.
team
agency
corporation
brokerage
Which restriction is NOT included in Florida’s Mangrove Trimming and Preservation Act?
No herbicide may be used for the purpose of removing mangrove leaves.
No mangrove may be trimmed below six feet.
A maximum of 50% of trees may be trimmed in any given year.
Mangroves more than ten feet tall must be trimmed by a licensed professional.
Seller George wants to file an ethics complaint against the agent who handled his real estate transaction. Which entity should he file the complaint with based on alleged ethics violations of the NAR Code of Ethics?
Florida Real Estate Commission
Local Association of REALTORS grievance committee and hearing panel
County courts
Local federal court district
According to the articles of the NAR Code of Ethics, what is the ethical thing to do if the seller of a home you have listed asks you to hide the fact that there is a plan to build a railway along the property line?
Yield to the seller’s request and keep quiet when speaking to prospective buyers
Have the seller sign an affidavit declaring that they know of no planning applications that might affect the property
Privately tell prospective buyers about the imminent plans for the railway
Insist that all pertinent facts related to the property be disclosed to all prospective buyers
What is mediation?
A voluntary process for dispute resolution that is non-binding on the parties
A course of action involving litigation and the courts
A method of dispute resolution involving the Florida Real Estate Commission (FREC)
A formal dispute resolution process that is binding on the parties
Which behavior would NOT be considered unethical?
Taking credit for work you did not do
Cheating on an exam
Selling a rundown house and disclosing known defects
Sexually harassing someone at work
A brokerage firm won a lawsuit brought by a dissatisfied buyer. To be compliant with the DBPR, the broker must maintain records relating to the litigation for not less than:
ten years.
eight years.
seven years.
five years.
A Delaware real estate licensee’s husband is in the military, but he is stationed in Florida. She moves to Florida to be closer to him. According to Florida real estate license law, she may:
practice real estate in Florida because of reciprocity.
not practice real estate in Florida until she passes the FREC I course and the state exam.
apply to the DBPR for a professional license to practice real estate in Florida.
apply for mutual recognition to practice real estate in Florida.
Florida wetlands are important for many reasons; however, those reasons do NOT include:
protection against floods.
preservation of wetland plants and animals.
filtration of dirt and pollutants.
development of low-valued land.
In an advertisement for licensee John Robert Smith, which of the following phrases is appropriate for how his name should appear?
“Ask for John.”
“Ask for “JR.”
“Ask for JR Smith.”
“Ask for Sales Associate John.”