Real estate fl exam 2023 Study guides, Class notes & Summaries

The respondent in a complaint has how many days in which to file an appeal to the final order issued by the Florida Real Estate Commission? a. Seven b. Ten c. Fourteen d. Thirty - correct answer -D In order to renew an initial broker license, a broker must: I. Take fourteen hours of continuing education II. Complete the proper form and pay the required fee III. Successfully complete sixty hours of post licensing course during his or her initial issue of licensing IV. Pay proper fe...

d - correct answer -A broker has a listing on a seller's house. The seller goes on vacation. During this time, the broker gets an offer for $78,000 and another offer for $80,000. What should the broker do? a. Present the $80,000 offer upon seller's return b. Accept the $80,000 offer on behalf of the seller c. Reject the $78,000 offer d. Present both offers upon the seller's return d - correct answer -In case of a financial hardship due to a zoning requirement, for what should the...

c - correct answer -Which remedies are available when a seller breaches a contract? a. A suit for specific performance b. Buyer gets deposit returned c. A or b but not both d. Notifying FREC b - correct answer -What term refers to the right of a mortgagor to stop a foreclosure process by paying the entire balance, interest and so on? a. Equity of estoppel b. Right of redemption c. Right of defeasance d. Equity of disposition d - correct answer -Which type of mortgage is...

Aceable Agent FL Section 2 Exam Questions & Answers 2023/2024 Florida Real Estate Commission (FREC) - ANSWER-quasi-judicial body that administers and enforces license law in FL (makes rules & hears disciplinary actions) Rules: 61J2 of Fl Admin code 61J2 FL Admin code - ANSWER-FREC rules (technically not law) - directions based on Chapter 475 Florida Statute Chapter 475 - ANSWER-FL Real Estate statutes - 4 parts 1. Brokers, Sales associates & schools 2. Appraisers 3. The Commercial R...

Post Pre-Licensing Exam for Sales Associate in FL 2023/2024 A property is likely to sell faster if it is priced at the... - ANSWER-"sold" section of the CMA Voluntary Inactive - ANSWER-The license status that results when a licensee has met all of the requirements for licensure, yet the licensee chooses not to engage in the real estate business, and has requested that the license be placed in this status. Involuntary Inactive - ANSWER-A sales associate who works for a broker whose lic...

FL Real Estate License Practice Exam 3 2023/2024 with 100% correct answers

FL Real Estate License Practice Exam 1 2023/2024 with 100% correct answers

Gold Coast School Real Estate | Final Exam Questions With Correct Answers Graded A+ (2023/2024). All of the following would be considered commercial property, EXCEPT A. an office building that accommodates three tenants B. A high-rise apartment building in the downtown area of the city C. A shopping center that adjoins a residential neighborhood D. A large house that has been subdivided into four apartments - Answer- D. A large house that has been subdivided into four apartments If the sa...

A sales associate works under - ANSWER the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal - ANSWER With a flat fee The product/service that all real estate professionals sell is - ANSWER their expert knowledge Which area of real estate requires the highest degree of expertise? - ANSWER Counseling Which Florida Administrative Code expands upon the statutory provisions of Chapter 475, Florida Statutes? - ANSWER 61J2 Aft...

Agency relationship in Florida with the fewest duties/obligations: - correct answers -Non-representation broker If Jackson has no fiduciary duty and offers no representation whatsoever to the buyer or the seller in a transaction, Jackson is a: - correct answers -Non-representation broker Entity that determines and issues the final order in a disciplinary case constituting the finale agency action? - correct answers -FREC Circumstance when broker serving as an intermediary can collect fr...