Real Estate Exam Simulator (100 Questions, 3 Hours, 100% To Pass, Unlimited Retakes) Updated Version 2023

Real Estate Exam Simulator (100 Questions, 3 Hours, 100% to Pass, Unlimited retakes) Updated Version 2023 Questions You Answered =ncorrectly 3. All of the following services require a real estate license, EXCEPT: (a) Leasing (b) Mortgaging (c) Buying (d) Selling Your answer: a Correct Ans: b The most common services of real estate requiring a real estate license are appraising (in a non-federally related transaction), buying, auctioning, renting, selling, advertising real estate services, leasing, and exchanging. F.S. 475.01 specifies the services that require a valid active real estate license to perform. As discussed in Chapter 1, mortgage loan originators require a separate license issued by the FDFS. Reference: Chapter 2, Activities Requiring a Real Estate License, Statutory Services of Real Estate, Memory Device: "A BAR SALE" 6. Hones, Smith, and Charles bought a parcel of land with equal and undivided interest. Hones and Smith were brokers and Charles was not. Hones and Smith decided to let Charles handle the resale of the land. Charles had no experience but managed to find someone that bought the property. Because of this, Hones and Smith decided to give Charles 40% of the profit and divide the balance equally. Which of the following applies?