FLORIDA Real Estate Pre-license Exam Review Questions with Complete Solutions (Latest 2025) Real Estate Business - Correct Answers ✅Is composed of
many specialization's:
- (1)Details of Property Transfer
-Knowledge of:
(2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - Correct Answers ✅Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions.***How can a agent maintain good standing with clients?(After title closing)*** - Correct Answers ✅***Follow Up.This will result in a good reputation and FUTURE REFERRALS and word-of-mouth advertising.*** What are the 5 major sales specialties? (Types of properties/lots) - Correct Answers ✅Residential.
(Remember 4-10 Rule: any vacant land zoned for 4 or fewer
residential units OR agricultural property of 10 or fewer acres.){A condo is considered a single family home} Commercial.Industrial. 1 / 3
FLORIDA Real Estate Pre-license Exam Review Questions with Complete Solutions (Latest 2025) Agricultural.Business. (Considered "business brokers." ***Presumption in Florida that businesses include real property***) What is a Farm Area? - Correct Answers ✅When brokers/sales associate become an expert in one portion of the city.What is the difference between a rental agent and a property
manager? - Correct Answers ✅Rental Agent: find a tenant
& collect fee.
Property Manager: continue to manage property after tenant
is secured.What is an absentee owner? - Correct Answers ✅is a property owner who does not reside on property/often relies on professional property manager to manage investment.Can a real estate broker / sales associate appraise a property for compensation? - Correct Answers ✅Yes, but CANNOT say they are state certified, registered trainee, or licensed appraisers. 2 / 3
FLORIDA Real Estate Pre-license Exam Review Questions with Complete Solutions (Latest 2025) When conducting appraisals, must follow what set of guidelines? - Correct Answers ✅Uniform Standards of Professional Appraisal Practice (USPAP) (Best Practices) What is a brokers price opinion (BPO)? Can a real estate licensees charge for these? - Correct Answers ✅It is the opinion of value of real property, and yes as long as it is not considered an appraisal.***Who does the commission for a BPO, or for any service of real estate, go to?a)broker associate b)sales associate c)broker - Correct Answers ✅***C. Compensation can not be paid directly to associates.Who may use the term REALTOR? - Correct Answers ✅REALTOR and real estate licensee are not synonymous.REALTORS are members of a local board of realtors (privately run organization).Who created the MLS (Multiple Listing Service) database? - Correct Answers ✅National Association of Realtors.
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