45 HOUR POST LICENSE FLORIDA EXAM 3 LATEST VERSIONS 2024 (VERSION A, B AND C) COMPLETE 300 QUESTIONS ND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A

1 | P a g e 45 HOUR POST LICENSE FLORIDA EXAM 3 LATEST VERSIONS 2024 (VERSION A, B AND C) COMPLETE 300 QUESTIONS ND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A 45 HOUR POST LICENSE FLORIDA EXAM VERSION A Which emails are illegal under the CAN-SPAM Act? - ANSWER- Misleading from and to information in the email A home is being appraised for a mortgage loan. One of the comparable properties is smaller than the subject property, and the appraiser estimates the difference to be $7,800. The appraiser will make - ANSWER- a plus $7,800 adjustment to the comparable. Which purchase and sale agreement item supersedes the other? - ANSWER- Handwritten clause supersedes the printed clause Which listings may be entered into the MLS? - ANSWERExclusive agency listings and exclusive right-of-sale listings Florida law requires brokers to - ANSWER- give sellers the copies of written listing agreements within 24 hours. 2 | P a g e A sales associate is talking with a customer. When the customer crosses his legs, the associate smiles and crosses his arms. The associate is using a reflecting method called - ANSWERmatching. A substantial good-faith deposit and a bank preapproval letter means that the buyer is - ANSWER- ready, willing, and able. What are the requirements for persons disturbing lead-based paint in a house? - ANSWER- The person must be certified and follow specific work procedures. Reconciliation is - ANSWER- the resolution of several adjusted values on a comparative market analysis. Which would be considered a preclosing duty? - ANSWERMaking a walk-through inspection of the property A buyer is closing on the purchase of a residence. The ad valorem taxes for the year are estimated to be $2,640. The closing date is February 1, and the day of closing belongs to the buyer. Using the 365-day method, what is the proration? - ANSWER- Debit seller, credit buyer $224.22 3 | P a g e Under the Americans with Disabilities Act, there must be at least one accessible parking space for every - ANSWER- 25 spaces. What is the purpose in having your buyers write a letter to the seller saying why they want to buy the home? - ANSWER- To help sellers favor your buyers over competing buyers An economic contraction is - ANSWER- the phase of a business cycle after a recession in which consumer confidence is shaken and consumers reduce spending. What is the most likely reason why a sales associate sets appointments with the seller using a range of time rather than a specific time? - ANSWER- Because a prospective buyer may stay longer in some houses than the sales associate had planned A sales associate was preparing a comparative market analysis for a three-bedroom home. One of the three comparable sales he reviewed had an extra bedroom and a larger lot. He made a $7,000 adjustment for the extra garage stall and a $4,000 adjustment for lot size. Which is TRUE about his analysis? - ANSWER- The subject home is less valuable than the comparable property. 4 | P a g e Pyramiding gives the impression of - ANSWER- superiority. What must be given to borrowers within three days after the loan application? - ANSWER- Loan estimate A noncash expense similar to depreciation that accounts for the eventual wearing out of major components of the property is called - ANSWER- reserves for replacements. The components of a full title report are - ANSWER- a survey, a physical inspection of the collateral, and a search of the records. A sales associate wants to earn at least $45,000 next year. If the average commission from listings sold is $3,000, how many listings must she sell in order to achieve that portion of her goals? - ANSWER- 15 A person who calls for the address of a property is likely - ANSWER- looking at a real estate classified ad. A feature of a biweekly mortgage is - ANSWER- 26 annual payments. https://learnexams.com/search/study?query=