Chapter 2 - Quiz Flashcards

1
Q

What is the difference between a Broker Associate and a Broker?
A Broker Associate is studying real estate under the guidance of the Broker
A Broker Associate is the Broker’s unlicensed Assistant
There is no difference
A Broker Associate has passed the Broker exam but chooses to work for a Broker

A

AA Broker Associate has passed the Broker exam but chooses to work for a Broker

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2
Q

Which of the following are exempt from real estate licensure?
An attorney acting on his client’s behalf
Sales Associate
A Property Manager working in a Property Management Company
Broker Associate

A

An attorney acting on his client’s behalf

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3
Q

When should Fingerprints be submitted?
Before enrolling in pre-licensing courses
Fingerprints are not required
As soon as an application has been submitted to DBPR
After passing the State Exam

A

As soon as an application has been submitted to DBPR

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4
Q
What is a newly licensed person working for a broker known as?
An Appraiser
An Unlicensed Assistant
A Home Inspector
A Sales Associate
A

A Sales Associate

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5
Q

Which of the following is correct?
The pre-licensing education requirement for a Broker is 72 hours
Brokers do not need to do any Post Licensing Education
The pre-licensing education requirement for a Sales Associate is 60 hours
The Post Licensing education requirement for a Sales Associate is 14 hours

A

The pre-licensing education requirement for a Broker is 72 hours

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6
Q
Which Organization approves the Sales Associate and Broker License Applications?
FREC
Fannie Mae
DBPR
NAR
A

DBPR

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7
Q
A Licensee from another State may be able to get a FL license without undergoing pre-licensing education through which of the following?
Being a REALTOR®
RESPA
Mutual Recognition
Buying a home in Florida
A

Mutual Recognition

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8
Q

Which of the following is regarded as unlicensed activity?
Attending another Sales Associate’s Open House
Showing property without having a signed Buyer Representation Agreement
Marketing to FSBO’s
Giving an opinion on a Title

A

Giving an opinion on a Title

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9
Q
What is the meaning of Caveat Emptor?
Beware of the Cat
Buyer Beware
Pot Holing Venter
Danger - Sink Holes
A

Buyer Beware

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