14 HR Real Estate CE Complete Questions And Answers Which individual has a license status that means that the license no longer exists and is no longer valid? CORRECT ANSWERS Nina, who has a null and void license due to lack of continuing education for more than two years.Merc is purchasing a home that is listed as "Turnkey". What does this mean?CORRECT ANSWERS The house will include everything—right down to the forks and towels.Percy is working with a seller to list a home. The seller is in a hurry and does not want to take time to fill out any extra paperwork. What should Percy advise the seller about the seller's obligation for property disclosures? CORRECT ANSWERS Although the seller is not legally required to fill out a written seller disclosure, doing so is the best way to prove that required property disclosures were made by a seller to a buyer in the event the seller is later sued.Sales associate Fain hired licensed assistant Dancer to show properties to buyers. How would Dancer be paid for this activity? CORRECT ANSWERS The broker of both Fain and Dancer would pay Dancer for the activity.Jordan is taking the price that a home sold for and dividing it by the amount of livable square footage of the home to calculate "Sold Price Per Square Foot." What method is Jordan using? CORRECT ANSWERS Alternative Square Footage Method Sara, a licensee, could be considered as providing legal advice without a license in which of the following situations? CORRECT ANSWERS Telling a buyer that in Sara's opinion the property has a clear marketable title.Which statement is correct about licensees that behave unethically resulting in a payout from the real estate recovery fund? CORRECT ANSWERS The licensee would lose their license until the fund is repaid, plus interest.Danny has not paid his rent. He has received an eviction notice demanding that he pay the rent in how many days or face eviction? CORRECT ANSWERS 3 John is serving a written notice with intent to cancel the lease based on condition of the property. How many days' notice must be provided to the tenant to legally vacate or correct the issue sited? CORRECT ANSWERS 7 days How are property taxes paid on condominiums? CORRECT ANSWERS Property taxes are levied on the individual units and paid by each individual unit owner just the same as when someone purchases an unattached single-family home. 1 / 2
Braylin wants to become a broker. How many previous years as an active real estate licensee does Braylin need before she qualifies? CORRECT ANSWERS 2 out of the previous 5 years Lisa moved to a different address and must update her address to the DBPR within how many days? CORRECT ANSWERS 10 Which statement would be true about a Chief Financial Officer (CFO) of a company falsely altering financial records to lower the company's taxes due? CORRECT ANSWERS The CFO would be acting illegally and unethically.Which statement is correct regarding ethics? CORRECT ANSWERS The application of business ethics is not always clear.Ian is a landlord for his two homes. Ian is ok with tenants having pets, but he does require a pet deposit of $500, a minimum credit score of 615, and a background check.Is Ian legally allowed to ask for these things? CORRECT ANSWERS Yes, as a landlord Ian may set a variety of requirements including those listed above, so long as he does not discriminate.Mildred, a real estate licensee, is overseeing the rental of property. Is Mildred required to provide agency disclosure? CORRECT ANSWERS No, agency disclosures are only required for residential sales transactions.The relationship of trust and confidence between Maxwell the real estate broker and Connie his buyer is called? CORRECT ANSWERS Fiduciary Relationship Broker Sunshine is setting up a property escrow account. What is the maximum amount of brokerage personal funds that may be deposited to create and maintain the account?
CORRECT ANSWERS $5000
Luna is working as a buyer's agent with a buyer that wants to avoid restrictions on the use of her home. As such, her buyer is avoiding property located with a homeowner's association or condominium association. Which of the following ways should Luna advise the buyer? CORRECT ANSWERS The buyer should be advised to look to rules in place via local city and county regulations which may place restrictions on the use of the property.Which of the following individuals could get a Florida real estate license under mutual recognition? CORRECT ANSWERS George holding a Georgia real estate license.Hermione needs to figure out who to get ahold of to handle an arbitration regarding recall and election disputes for the homeowner's association of her home in Hogsmeade. Who handles this arbitration? CORRECT ANSWERS The Division of Florida Condominiums, Timeshares, and Mobile Homes
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