Florida Real Estate Exam Questions And Answers 100% Correct

A sales associate is a _________ of the brokers's principal. {Ans: SubAgent}A sales associate failed to complete required postlicense education prior to expiration of the license period. What is the status of license? a. active b. voluntary inactive c. involuntary inactive d. null and void {Ans: d. null and void}Florida Real estate sales associates that desire to become brokers must wait _______ ________ before taking the state exam. {Ans: one year}When a contractor builds on his own land with the hope of locating a purchaser after construction has been completed {Ans: Speculative building}When is a request for the renewal of a license effective? a. when recieved by the department b. the day following the experation c. on the date the application is mailed d. on the date indicated on the license {Ans: a. when recieved by the department}Sales associates can be stockholders in a brokerage corporation but may not be _________ or _________? {Ans: officers or directors}The process of qualifying the applicant and the property is called _________ ___________, analysing risk. {Ans: mortgage underwriting}Property that is exempt from execution of foreclosure to satisfy a personal debt of the head of the household can