Real Estate Review of all Units Units 1-5

Unit 1: Chantal specializes in helping people buy and sell office buildings and shopping centers. What is her area of specialty?

• Commercial

•   Industrial

•   Residential

•   Special purpose

Unit 1: In the real estate business, whose primary role is to manage properties for others?

•   Developer

•   Investor

• Property manager

• Real estate broker

Unit 1: Brenda conducts brokerage activities and can receive compensation directly from buyers or sellers. She must be a ______.

• Broker

•   Licensee working under a broker

•   Property manager

•   Sales associate

Unit 1: Which of the following is an example of industrial real estate?

•   Church

•   Factory

•   Orchard

•   Shopping center

Unit 1: In order to be considered REALTORS®, what must licensees do?

• Have their real estate license for at least five years.

• Join the National Association of REALTORS®.

•   Pass their broker exam.

•   Pass their initial licensing exam.

Unit 1: Office buildings, shopping centers, and hotels are examples of ____________ properties.

• Commercial

•   Industrial

• Residential

• Special purpose

Unit 1: In the real estate business, whose primary role is to perform a visual inspection of a property’s structure, systems, and site conditions?

•   Appraiser

• Home inspector

• Property manager

•   Real estate broker

Unit 1: Can a new licensee specialize in the sale of farm and ranch property?

• Not until the licensee has at least five years of experience in agricultural real estate

•   Not until the licensee passes additional courses in agricultural real estate

• Yes, a new licensee can specialize in agricultural real estate

• Yes, as long as the new licensee has a degree in agriculture

Unit 1: The Florida real estate sales associate examination consists of which of the following?

• 100 multiple choice questions

•   20 matching questions and 30 multiple choice questions.

•   30 true and false questions and 20 short answer questions

• 50 short answer questions and 50 True False questions

Unit 1: To sit for the real estate sales associate examination, you must provide proof of _______.

•   Background check

• Pre-licensing course completion

•   U.S. citizenship

•   Your residency in Florida