Exam Revie Ch 1-5

All of the following business formations can register to conduct real estate transactions, EXCEPT:

All of the following businesses are required to file documents with the state, EXCEPT:

the minimum employment requirements for a licensed sales associate to qualify for a real estate broker’s license?

All of the following individuals are exempt from the real estate license law, EXCEPT:

Which of the following statements is true regarding a plumber who has been appointed by a court to appraise a business?

Which service provided by real estate licensees requires the most experience and knowledge?

Which of the following entities issues real estate licenses?

In which circumstance are licensees expected to act with fairness and honesty?

Which of the following statements is correct regarding a broker’s authority to act on behalf of the principal?

If a broker has conflicting demands on money held in escrow, what is the first thing the broker should do?

Who owes fiduciary duties in a single agency relationship?

Which of the following statements is true regarding a mortgage loan originator?

Each of the following relationships is adversarial, EXCEPT:

All of the following provide control of agency relationships, EXCEPT:

. How long may a license remain in voluntary inactive status?

Which statement is true regarding the secretary of the Department of Business and Professional Regulation?

How may a licensed sales associate be paid by their owner-developer?

A developer contracts to build a home according to the buyer’s specifications. This is an ex: of which type of building?

Which of the following best describes licensees who are involved in business opportunity brokerage?

A real estate brokerage firm advertises a listed property. Which requirement is correct?

Which of the following statements best describes an attorney-in-fact?

The Division of Real Estate is an administrative part of which of the following?

What is the purpose of the real estate license law?

Why was the Florida Real Estate Commission created?

Which condition would require a location to be registered as a brokerage branch office?

Which insurance policies can a real estate licensee offer to the public without additional state licensing?

An appraiser, who is registered, licensed, or certified under 475, Part II, must be utilized in which of the following?

How many hours of post-license education are required to renew a broker license?

Which of the following statements regarding an ostensible partnership is correct?

What does the term “farming” refer to in real estate?

What is the maximum number of years a member may serve on the Florida Real Estate Commission?

All of the following are responsibilities of a property manager, EXCEPT:

When is a request for the renewal of a license effective?

Who has the right to inspect a broker’s escrow account records?

which following is correct regarding a licensed broker associate who is with a real estate brokerage partnership?

As an agent, a broker is employed by and acts on behalf of whom?

If a sales associate receives a postdated check, which of the following is the most appropriate action?

The Department of Business and Professional Regulation has the authority to issue all of the following, EXCEPT:

Which condition must exist for an applicant to qualify for a Florida real estate license?

. New Commission rules must be approved by which of the following?

What is a broker associate?

A sales associate failed to complete the required post-license education prior to renewal. The status of the license Is?

A real estate appraiser’s fee for professional service is based on which of the following?

Which statement best describes the sign requirements for a brokerage office?

What must a sales associate do upon receiving an earnest money deposit?

Which statement is true regarding examination questions and answers?

When can an agent disclose confidential or harmful information about a principal?

In which of the following situations does a general agency relationship exist?

All of the following information appears on a Florida real estate license, EXCEPT:

When does a real estate license expire?

What is an agent required to do in an agency relationship?

All of the following services require a real estate license, EXCEPT:

the following actions are authorized alternatives for a broker to use in order to resolve an escrow dispute, EXCEPT:

Which of the following statements best describes a transaction broker?

When can both parties in a transaction pay a broker a commission?

Which of the following best describes the real estate brokerage business?

In what year was the Florida Real Estate Commission created?

Violations of the Commission rules are prosecuted by which agency?

The Department of Business and Professional Regulation is created by which statute

Real estate licensees are expected to be knowledgeable in all of the following areas, EXCEPT:

Which of the following best describes certificates that are entered into court as evidence?

A sales associate licensed with a real estate brokerage corporation can be which of the following?