Florida Real Estate Sales Associate Examination Content Outline practice questions
214 free questions with answers and explanations.
- 201.A Florida real estate sales associate is found to have made a false promise to a potential buyer regarding a property's future development plans, which the sales associate knew to be untrue. This action is most likely to be classified as which of the following violations?Real Estate Brokerage Activities and Procedures
- 202.A real estate sales associate is advising a client interested in purchasing an income-producing property. The client is concerned about the potential for the property's value to decrease over time due to physical wear and tear and functional obsolescence. Which of the following types of depreciation is the client primarily concerned with?Real Estate Investment and Business Brokerage
- 203.A Florida real estate sales associate is hosting an open house for a seller who is a single agent. A potential buyer expresses strong interest in the property and begins to confide personal financial information to the sales associate. How should the sales associate handle this situation?Real Estate Brokerage Activities and Procedures
- 204.A real estate sales associate is preparing a comparative market analysis (CMA) for a subject property. The subject property has a two-car garage. A comparable property, which recently sold for $350,000, has only a one-car garage. The market value difference for a two-car garage versus a one-car garage is estimated to be $10,000. How should the sales associate adjust the comparable property's sales price?Real Estate Valuation and Market Analysis
- 205.A Florida real estate sales associate decides to resign from their current brokerage. What is the sales associate's primary responsibility regarding their real estate license upon resignation?Real Estate Brokerage Activities and Procedures
- 206.A Florida real estate broker is dissolving their sole proprietorship brokerage. They currently have several active listing agreements and buyer brokerage agreements. What is the broker's primary responsibility regarding these active agreements upon dissolution?Real Estate Brokerage Activities and Procedures
- 207.A Florida real estate broker receives an earnest money deposit in the form of a post-dated check. What is the broker's proper course of action regarding this check?Real Estate Brokerage Activities and Procedures
- 208.A licensed real estate sales associate in Florida decides to transition from actively practicing real estate to a career outside the industry. They do not wish to renew their license but want to retain the option to reactivate it in the future without retaking the pre-licensing course. Which of the following license statuses should they pursue?Real Estate Brokerage Activities and Procedures
- 209.A real estate investor is evaluating a potential apartment complex purchase. The property generates $300,000 in annual gross income. Operating expenses, excluding debt service, are $120,000 annually. The investor estimates a 6% capitalization rate for similar properties in the area. What is the estimated market value of this apartment complex based on the income capitalization approach?Real Estate Investment and Business Brokerage
- 210.A real estate agent is preparing for a closing. They are reviewing the various documents involved. Which of the following documents is primarily designed to protect the lender's interest in the property?Real Estate Closings and Post-Closing
- 211.A buyer is purchasing a property for $400,000. They are obtaining a new mortgage of $320,000. What is the amount of the Florida documentary stamp tax on the promissory note?Real Estate Closings and Post-Closing
- 212.A lender is preparing a loan for a borrower and needs to ensure that the loan is secured by both the real estate and the personal property within the home, such as appliances and furniture. Which type of mortgage would best suit this requirement?Real Estate Finance
- 213.A buyer is considering a mortgage where the interest rate can fluctuate based on a specified economic index. Which type of mortgage is this buyer most likely considering?Real Estate Finance
- 214.Which of the following is typically a debit to the buyer at closing?Real Estate Closings and Post-Closing