Florida Real Estate Class Final Exam Study Guide Questions with Complete Solutions 2023
A Business Broker - Correct Answer Specializes in the sale, purchase or lease of businesses. Is required to have a real estate lice
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Florida Real Estate Class Final Exam Study Guide Questions with Complete Solutions 2023
A Business Broker - Correct Answer Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate
Follow-Up is - Correct Answer Keeping in contact with the new owner after the closing of the sale
A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is called - Correct Answer Custom Building
A builder purchases several vacant lots in an established residential subdivision. The builder constructs houses w/o having secured a buyer in advance of the construction of each home and advertises them for sale to prospective buyers. This is which type of residential construction? - Correct Answer Spec Building
What is exempt from Real Estate licensure under Chapter 475? - Correct Answer 1. Straight Salary .
2. A person who sells cemetery lots for a commission. 3. Court jurisdiction.
4. Renting of a mobil home lot in a mobil home park
Other exemptions from licensure include - Correct Answer 1. For Sale by Owner
2. Owner of a Timeshare period who offers the property for resale.
3. A leasing agent of an apt. complex if they are salaried, work in an onsite rental office and work in a leasing capacity.
4. A manager of a condo and Co-op if employed for a salary and rent is for periods no greater than 1 yr.
5. An Attorney-in-Fact (Power of Attorney)
6. An Attorney-at-Law when acting in the scope of his or her duties as an attorney. Not receiving any compensation for a sale.
7. A decedent (personal representative) when appointed by the court.
8. A person selling entities licensed by the FCC (radio, TV or cable enterprises)
9. A person selling personal property.
A farmer is appointed by the court to appraise the farm land of a deceased neighbor. The farmer will be paid a $3000 fee for the appraisal. Is he exempt from Chapter 475? - Correct Answer Yes because he was appointed by the courts.
A sales assoc employs an unlicensed assistant. The licensee prepares a fact sheet for all of her listings. The sales assoc instructs her assistant to drive a prospective purchaser by several listed properties. When questioned about a particular property, the
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