Phoebe is a broker who specializes in high-rise apartment buildings in metro areas. What types of properties are these?
Commercial
Industrial
Residential
Special purpose
Brenda conducts brokerage activities and can receive compensation directly from buyers or sellers. She must be a ______.
Broker
Licensee working under a broker
Property manager
Sales associate
Membership in NAR—or any of its state/local associations—is ______.
Exclusive
Free
Required
Voluntary
Florida defines ______ real estate as four or fewer residential units, vacant land zoned for four or fewer units, or fewer than 10 acres of agricultural property.
Agricultural
Commercial
Industrial
Residential
Which of the following statements is true about specializing in a type of property?
Both brokers and sales associates may specialize in one or more types of property.
License law requires additional education for sales associates who wish to specialize in one or more types of property.
Only brokers may specialize in one or more types of property.
Sales associates may specialize, but only in one type of property.
Office buildings, shopping centers, and hotels are examples of what area of specialization?
Commercial
Industrial
Residential
Special purpose
An apartment building of more than four units is an example of what kind of property?
Commercial
Industrial
Residential
Special purpose
Orchards and ranches are examples of ____________ properties.
Agricultural
Business
Commercial
Residential
Arthur specializes in the sale, purchase, and lease of businesses in Florida. Does he need a real estate license?
No, a license is not required
Only if land is involved
Only if real property, land or buildings, is involved
Yes, an active current real estate license is required to sell business opportunities
What is the area of specialty for an individual who helps people buy and sell office buildings and shopping centers?
Commercial
Industrial
Residential
Special purpose
What type of business brings together buyers and sellers?
Agency
Appraisal
Brokerage
Property management
In the real estate business, whose primary role is it to make improvements to land?
Home inspector
Property manager
Real estate appraiser
Real estate developer
In the real estate business, whose primary role is to manage properties for others?
Developer
Investor
Property manager
Real estate broker
In the real estate business, whose primary role is it to provide clients with the information they need to make informed decisions about their own specific real estate interests?
Home inspector
Lender
Real estate counselor
Real estate educator
Scott is a sales associate who works under the supervision of a broker. Which of the following is true?
Scott can be either an employee or an independent contractor.
Scott can receive compensation directly from clients.
Scott must be an employee.
Scott must be an independent contractor.
In Florida, is a real estate license required to buy and sell business opportunities?
No, a license is not required
Only if land is involved
Only if real property, land, or buildings are involved
Yes, an active current real estate license is required to sell business opportunities
Marissa, a new licensee, has some questions. Which of the following questions can the association of REALTORS® in her state help her answer?
How do I choose an educator for my post-licensing education requirements?
What kinds of records do I need to keep, and for how long?
What steps do I have to take to become a principal broker?
Where can I go to find marketing data on my area so I can advertise more effectively?
Can a new licensee specialize in the sale of farm and ranch property?
Not until the licensee has at least five years of experience in agricultural real estate
Not until the licensee passes additional courses in agricultural real estate
Yes, a new licensee can specialize in agricultural real estate
Yes, as long as the new licensee has a degree in agriculture
David conducts business on behalf of a supervising broker and is paid on a commission basis. He does not receive compensation directly from clients. David must be a what?
A broker
An investor
A property manager
A sales associate
Florida classifies income-producing properties, including residential property of more than four units, as ______ properties.
Agricultural
Businesses
Commercial
Residential
Which of the following best describes the role of government in the regulation of the Florida real estate industry?
Local, state, and federal government agencies have a hand in regulating the real estate industry.
Only federal government agencies have a role in regulating the real estate industry.
Only state government agencies have a role in regulating the real estate industry.
The real estate industry is not regulated by governmental bodies at any level.
In the real estate business, whose primary role is to estimate property value based on established valuation guidelines?
Home inspector
Property manager
Real estate appraiser
Real estate developer
In order to be considered REALTORS®, what must licensees do?
Have their real estate license for at least five years.
Join the National Association of REALTORS®.
Pass their broker exam.
Pass their initial licensing exam.
Which of the following is an example of industrial real estate?
Church
Factory
Orchard
Shopping center
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What does the Latin term “caveat emptor” mean?
Let the buyer beware
Right to sell property
Seize the day
With one exception
Which of the following individuals qualify for an exemption from the pre-licensing course requirement for sales associates?
A member of the Florida Real Estate Commission
An applicant who has passed the examination with a score of 90 or better
An attorney who is an active member of the Florida Bar
An owner/developer
In Florida, applicants for the sales associate license are required to disclose any criminal history on the application and submit _________________ for a background check.
A credit report
Copy of driver’s license
Fingerprints
Passport number
How many years of experience must a licensed sales associate in Florida have before applying for a broker license?
Five
Four
One
Two
Your sales associate license document serves as ______ you have a valid and current license.
A key with a code to access the DBPR website which shows that
An exemption from parking tickets while on the job because
A sign that must be posted on your office wall to show that
Prima facie evidence that
When a Florida real estate licensee moves out of the state, the licensee is required to _______.
Do nothing
Inform FREC of the licensee’s new mailing address within 60 days
Re-apply for a nonresident Florida real estate license
Surrender his or her Florida real estate license
The sales associate licensee is required to ______ before the initial sales associate license expires.
Complete at least 45 hours of coursework of FREC-approved post-licensing education
Pass a renewal examination
Register with two or more employing brokers
Work for at least two years as a sales associate
When is licensure obtained?
When an applicant passes the state license exam
When an individual submits an application and fees to the DBPR
When the applicant completes the pre-licensing education requirement
When the licensee registers as active with the DBPR
Callie has sublet an apartment in Florida for the past four months this year and plans to continue to reside in Florida and apply for a Florida real estate license. Which of the following applies?
Callie is a nonresident and can apply for a Florida real estate license.
Callie is a nonresident and cannot apply for a Florida real estate license until she has lived in Florida for a year.
Callie is a nonresident but can apply for a Florida real estate license only if she has a real estate license from another state.
Callie is a resident of Florida and can apply for a Florida real estate license.
Real estate license candidates who score a 75 or better on the examination leave the test center with ______.
An appointment to retake the examination
A results report showing that they have successfully completed the license examination
A take-home fingerprint test
Their real estate license
In Florida, what’s next for licensee candidates who have completed their broker pre-licensing course successfully and have had their broker license application approved?
The candidate needs to pass the real estate broker license examination.
The candidate needs to register with an employing broker.
The candidate will be issued a broker license.
The candidate will be issued a sales associate license.
What’s next for a licensee candidate who’s successfully completed the pre-licensing course and has had their sales associate license application approved?
The candidate needs to pass the real estate sales associate examination.
The candidate needs to register with an employing broker.
The candidate will be issued a broker license.
The candidate will be issued a sales associate license.
The Florida real estate sales associate examination consists of which of the following?
100 multiple choice questions
20 matching questions and 30 multiple choice questions.
30 true and false questions and 20 short answer questions
50 short answer questions and 50 True False questions
Real estate license candidates who score a 75 or better on the examination leave the test center with ____________.
An appointment to retake the examination
A results report showing that they have successfully completed the license examination
A take-home fingerprint test
Their real estate license
To pass the Florida real estate sales associate examination, you’ll need to score at least a ______.
65
70
75
80
Which of the following is true for a non-resident licensee from the state of Alabama, which has a mutual recognition agreement with Florida?
The Alabama licensee can provide a certification of license history with the Florida application and is exempt from the pre-licensing course requirement, provided the applicant passes an examination of Florida real estate license law.
The Alabama licensee does not need a Florida license to practice real estate in Florida.
The Alabama licensee must reside in Florida at least four months of the year in order to qualify for a Florida real estate license.
The Alabama licensee must reside in Florida in order to qualify for a Florida real estate license.
To take the real estate sales associate examination, what must you do first?
Activate your license
Complete the 14-hour continuing education requirement
Complete the 63-hour approved pre-licensing course for a sales associate license
Complete the 73-hour pre-licensing course for a broker’s license
What’s next for licensee candidates who have successfully passed the real estate sales associate examination?
Their broker license will need to be activated.
Their sales associate license will need to be activated.
They are ready to start performing real estate services.
They will need to complete their pre-licensing course requirement.
Cara has been working as a sales associate in Tallahassee for the last two years and has decided she wants to become a broker. To take the real estate broker examination, what must she do first?
Activate her license.
Complete a 60-hour continuing education requirement.
Complete the 72-hour approved pre-licensing course for a broker license.
Request exemption from 30 hours of the pre-licensing course.
Which of the following is true when a Florida sales associate is issued a real estate license?
If the licensee chooses to perform real estate services for compensation, the licensee must be licensed and registered as active with the DBPR.
The sales associate license does not require any additional education requirements to remain on active status once it’s issued.
The sales associate licensee can work independently to perform real estate services for compensation.
The sales associate license is automatically issued as active.
How much post-licensing education must sales associates complete before their first license renewal?
14-hours of education
45-hour course
60-hour course
63-hour course
Gracen has had his sales associate license for five years. He’s completed the FREC-approved 72-hour pre-licensing course for brokers. Which of these statements about Gracen obtaining a broker’s license is true?
He must pass submit his application and pass his broker’s license exam.
He needs to activate his license before he can become licensed as a broker.
He needs to find an employing broker.
He’s eligible to obtain his broker’s license.
What’s the minimum amount of real estate industry experience that Kirk, a sales associate licensee in Kissimmee, must have to qualify for a broker license?
Four years
One year
Three years
Two years
A real estate sales associate must be at least how old in Florida?
18
19
20
21
Amy acts like a sales associate and is supervised by a broker, but she holds her broker license. What is her title?
Broker associate
Broker of record
Confused
Sales associate
What’s the minimum amount of real estate industry experience that an individual must have to qualify for a sales associate license?
One year
Six months
There is no real estate experience requirement for sales associates
Two years
What’s next for the licensee candidate who has successfully passed the real estate broker license examination?
The candidate is ready to work independently of an employing broker.
The candidate must complete the pre-licensing course requirement.
The candidate’s broker license must be activated.
The candidate’s sales associate license must be at least 25 years old.
Elliott is a 19-year-old Florida real estate sales associate who would like to get his broker’s license so he can open his own office. Is he qualified to become a licensed real estate broker in Florida?
No, because he has not been licensed for two years.
No, because the minimum age for broker licensing is 21.
Only if he has completed the required 72 hours of CE.
Yes, because the minimum age for broker licensing is 18.
Applicants for a Florida real estate license are required to report if they have ever been ______ a crime.
A victim of
A witness to
Charged with
Convicted or found guilty of
What is the passing score for the Florida real estate sales associate examination?
65 or better
70 or better
75 or better
80 or better
To sit for the real estate sales associate examination, you must provide proof of _______.
Background check
Pre-licensing course completion
U.S. citizenship
Your residency in Florida
What is a mutual recognition agreement?
An agreement between two states that allows a licensee in one state to practice real estate in both states.
An agreement with some states that exempts licensees from that state from paying a fee for licensure in Florida.
An agreement with some states that recognizes residency in other states as a qualification for licensure in Florida.
An agreement with some states that recognizes the education and experience of licensees in those states.
Jerome, a real estate licensee, can only work under the supervision of a broker. This means that he is licensed as ______.
A broker
A broker associate
A broker associate who has at least five years of experience
A sales associate
Consuela is a Florida real estate licensee, and she has three other licensees working under her supervision. What type of license does Consuela hold?
Associate broker
Broker
Office manager
Sales associate
What is the purpose of the Florida real estate license law?
To collect fees for licensing real estate professionals
To establish the Florida Real Estate Commission
To promote real estate as a profession
To protect the health, safety, and welfare of the public
Once sales associates complete their post-licensing education and renew their licenses, how many hours of continuing education are required during each two-year renewal period?
14 hours
45 hours
60 hours
63 hours