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Pre-Sales Test > Pre-Sales Test > Flashcards

Pre-Sales Test Flashcards

1
Q

The DPBR does not have the authority to issue

a - cese and desist order

b - subpoena

c - injunction

d - notice of noncompliance

A

c - injunction

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2
Q

Real Estate Brokers are not required to be knowlagable regarding?

a - marketing

b - valuation

c - property transfer

d - accounting

A

d - accounting

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3
Q

A sales associate is a _____________ of the brokers prinicapal

A

Subagent

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4
Q

A real estate brokerage corp must have a least ________

active broker serving as an _________

A

1 - officer

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5
Q

A licenssee who disagrees with an order of the FREC my file an appel withing ______ days

A

30

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6
Q

What rights does a property owner have to use the water flowing over or through his land

a - riparian

b - littoral

c - flowage

d - aquifer

A

a - riparian

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7
Q

The commisions ability to impose diciplinary actions against the licenses is known as?

A

Quasi Judical Power

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8
Q

The post license educational course for sales associates

consists of _____ hours

A

45

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9
Q

The catagory of construction that applies when a property owner employs a contrator to build on his lot is called?

A

Custom Build

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10
Q

Fairness and honesty are required of all licensees in which realationship?

a - single agency

b - transaction brokerage

c - no brokerage relationship

d - any real estate transaction

A

d - any real estate transaction

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11
Q

The four unities required to create a joint tenancy are?

P

I

T

T

A

possession

intrest

time

title

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12
Q

Establishing educational requierments for licensees is an example of the excercise of ____________ power by the commision

A

Executive

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13
Q

The estate that may be created by the same or difrent deeds is the tenancy

________ _______

A

in common

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14
Q

A broker associate is a?

a - broker

b - sales associate

c - broker employed as a sales associate

d - sales associate emplyed as a broker

A

c - broker employed as a sales associate

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15
Q

the oldest and least accurate method of legally describing property is the

____________ method

A

monuments

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16
Q

Anyone licensed or not can be a ________ _________ in a

real estate brokerage limited partnership

A

limited partner

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17
Q

A legal discription which uses topographical features as boundary

markers has been described using the

a - metes and bounds method

b - government survey method

c - plat method

d - monuments method

A

d - monuments method

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18
Q

the metes and bounds legal descriprtion begins at the

a - starting point

b - point of beginning

c - initial referance point

d - point of referance

A

b - point of beginning

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19
Q

The warrant in a deed in which the grantor assures the grantee freedom from

hostial claims against their wonership is the

a - habendum clause

b - warrant of seisin

c - warrant of quiet enjoyment

d - reddendum clause

A

c - warrant of quiet enjoyment

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20
Q

Broker Joan just recived an oral offer to purchase listed property. No ernest money accompanied the oral offer. Joan….

a - must present the offer

b - should not present the offer since no ernest money was recived

c - must advise the customer an earnest money deposit is required

d - should reject the offer on behalf of the seller

A

a - must present the offer

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21
Q

A broker

a - can refuse offers on behalf of the principle

b - can buy the listed property without consent of the principle

c - must follow all legal instructions of the principle or withdraw

d - must ignore the instructions of a principle when the instructions are not in the best intrest of the principle.

A

c - must follow all legal instructions of the principle or withdraw

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22
Q

Broker Tom sold a property listed with broker Alice. Tom was unable to attend the closing and broker Alice collected the entire commission. Should broker alice refuse to pay broker Tom his share of the commission, broker Alice could be charged with

a - failure to account

b - collecting an overage

c - commingling

d - fraud

A

a - failure to account

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23
Q

A sales associate failed to complete the required post license

education prior ro renewal. What is the status of his license?

a - revoked

b - suspended

c - involuntarily inactive

d - void

A

d - void

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24
Q

Concentrating on one neighberhood or style of property is called?

A

Farming

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25
Q

A contractor who builds on his own lot in hopes of finding a purcheser upon compleation is building on?

A

Speculation

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26
Q

Sales associates can be stockholders in a brokerage corperation but may not

be an __________ or ____________

A

Sales associates can be stockholders in a brokerage corperation but may not

be an __________ or ____________

officer Director

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27
Q

The three areas of expertise real estate licensees bring to the transaction are?

A

Valuation - marketing - property Transfer

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28
Q
A
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29
Q

An agent whose continuing authority is limited to a single trade or buissness

has a __________ agency

A

general

30
Q

Morgatge Brokers are licensed in FLorida by the?

A

Department of Finacial Services

31
Q

Which fiduciary duty would a broker breach by failure to advise a principal regarding the vaule of the owners property prior to accepting a listing?

a - loyalty

b - disclosure

c - accounting

d - obedience

A

b - disclosure

32
Q

When a broker has conflicting demands for funds held in escrow, he must report the conflict to the FREC with in _______ days and take an action to resolve the

dispute within ______ days

A

15 and 30

33
Q

An investigator with the department may express any personal opinion concerning an investigation

true / false

A

true

34
Q

A general agency exists when a

a - broker is employed to market a property

b - sales associate is working with a customer

c - sales associate is employed by a broker

d - broker is employed by a buyer

A

c - sales associate is employed by a broker

35
Q

The Rule Making athority of the FREC is called __________ _________ power

A

Quasi Legislative

36
Q

Brokers are required to retain copies of all disclosure documents for transactions that have resulted in a contract being entered into for a period of at lest _____

years

A

5

37
Q

Operating in a careless, reckless, excessively negligent manner may result in

a broker being charged with ___________ _________

A

Culpabile Neglegence

38
Q

An agent is empowered to perform a single act on behalf of his principle

has a _________ agency relationship

A

special

39
Q

A licensee that fails to renew when required to do so will have his license placed on ____________ ___________

A

Involuntary Inactive

40
Q

Appraisers that are registered, licensed or certified under F.S. 475, part II must be

used in?

a - all appraisles

b - the appraisal of residental property

c - the appraisal of nonresidential property

d - federally related transactions

A

d - federally related transactions

41
Q

The S 1/2 OF THE SW 1/4 OF THE SE 1/4 OF SECTION 14 contains how many acers

A

20

42
Q

The four unities required to create a joint tenancy are

a - intrest - survivorship - possession - and time

b - possession - deed - title - and time

c - possession - intrest - time - and title

d - person - use - interest - purpose

A

c - possession - intrest - time - and title

43
Q

Educational requierments of applicants for a real estate license are promulgated under which athourity of the FREC?

a - ministerial

b - executive

c - quasi-legislative

d - quasi-judicial

A

b - executive

44
Q

After compleation of construction of a subdivision, the streets, sidewalks and common areas are frequently conveyed to the city or county in a process called?

A

Dedication

45
Q

the most accurate method of legally describing property is

the ________ ________ _______ method

A

meets and bounds

46
Q

An individual who dies leaving no will has died

a - in defult

b - intestate

c - in bound

d - escheat

A

b - intestate

47
Q

Paul and Paula are husband and wife. They own property as tenants by the entireties. They divorce without a property settelment. Unless otherwise decreed by a court they now hold title as?

a - joint tenants

b - tenants in common

c - tenants by the entireties

d - joint tenants with the right of survivorship

A

b - tenants in common

48
Q

A broker associate acts in the capacity of a __________ _________

A

Sales Associate

49
Q

_______ rights allow a property owner whose property boarders

on a river or stream to use the water

A

Riparian

50
Q

How many acers are contained in a parcel of land described by the following

legal description

N 1/2 OF THE NE 1/4 OF THE SE 1/4 OF THE SW 1/4 OF SECTION 12, T24S, R13E

A

5

51
Q

The Florida real estate commission held a meeting for the purpose of passing a new rule. This is an exercise of which commission power?

a - executive

b - quasi - legislative

c - quasi - judicial

d - ministerial

A

b - quasi - legislative

52
Q

The maximum amount that will be paid by the recovery fund based on the actions of a licensee is_________

A

150k

53
Q

A sales associates license will be ________ if he does not compleate

required post license education during his inital license period

A

void

54
Q

A citation may be issued to a licensee if

a - no substantial threat to the public health, saftey and wealfare exist

b - the hearing officer recommends one

c - a finial order was served on the licensee

d - a formal complaint has been recived by the department

A

a - no substantial threat to the public health, saftey and wealfare exist

55
Q

A tenancy for years must have a definite beginning date and a definate _________

________

A

ending date

56
Q

The balance in the recovery fund is maintained by ________ and ________ paid by licensses

A

fines and fees

57
Q

A violation cited in the notice of noncompliance must be corrected with in

______ days

A

15

58
Q

Calculate the acerage of a parcel having the following legal description

the W 1/2 OF THE SW 1/4 OF THE NW 1/4 OF THE NE 1/4 AND THE SE 1/4 OF THE SW 1/4 OF THE NW 1/4 OF THE NE 1/4 OF SECTION 28, T19S, R10E

A

7.5

59
Q

A group license would be requested when a

a - broker servers as the only active broker in two or more brokerage corps

b - broker employs two or more sales associates

c - sales associate is employed by both a broker and an owner - employer

d - sales associate is employed by an owner - employer and is required to work from more then one geographic location.

A

d - sales associate is employed by an owner - employer and is required to work from more then one geographic location.

60
Q

A transaction broker

a - is an agent of both parties

b - has fiduciary duties to the seller

c -has fiduciary duities to the buyer

d - provides limited representation to both parties

A

d - provides limited representation to both parties

61
Q

a meets and bounds legal descriptions begins at a point called the

_________ ______ ________

A

point of beginning

62
Q

citations issued by investegators assigned by the Division of Real Estate must be paid within ______ days

A

30

63
Q

A tenancy at will is best described as

a - a lease which can be terminated at the will of the landlord or tenant by giving notice

b - any lease for less then a year

c - a written lease which provides a begining and ending date

d - any tenancy created by a lease

A

a - a lease which can be terminated at the will of the landlord or tenant by giving notice

64
Q

a ttract of land measures 660 feet along the highway and contains

20 acers. How deep is the tract?

A

1,320’

65
Q

What is the maximum amount that can be paid form the Recovery Fund to three persons who suffered monetary loss as a result of a licensee and have been awarded a single judgment?

a - 150k

b - 50k

c - 25k

d - 10k

A

b - 50k

66
Q

A joint teancy and a tenancy by the entireties both

include a right of __________________

A

survivorship

67
Q

A broker associate licensed with a real estate brokerage partnership

a - can be a member of the partnership

b - can make earnest money deposits

c - cannot manage the office

d - is never allowed to supervise licensed associates

A

b - can make earnest money deposits

68
Q

Two or more brokers that share office space but do not maintain their separate status as independent brokers could be charged with

__________ ___________

A

ostensible part

69
Q

Registration of an active sales associate with the Department refers to?

a - placing and keeping on record the sales associates name and address

b - placing and keeping on record the sales associates name and home address

buisness address and address of his broker

c - the brokers name and address

d - placing and keeping on record the sales associates name and address and the buisnness address of his employer

A

b - placing and keeping on record the sales associates name and home address

buisness address and address of his broker

70
Q

What type of notice is considered to be the best evidence of ownership

a - actual

b - constructive

c - implied

d - expressed

A

d - expressed

Pre-Sales Test (1 decks)

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