Florida Real Estate MCQs Paper 24

1

An application for a real estate license may be refused for all of the following reasons except:






2

What will happen to a real estate licensee if the Real Estate Recovery Fund has to make a payment in response to a claim made against that licensee?






3

A real estate license may be suspended for a maximum of:






4

What are the penalties for a first degree misdemeanor?






5

Which of the following is a first degree misdemeanor?






6

Alice obtains a $79,000 judgment against Broker Derek and is unable to collect any money on the judgment. If she applies to the Real Estate Recovery Fund, how much money will she receive?






7

A complaint is legally sufficient if it contains any violation of a:






8

Which step comes after the filing of a complaint?






9

If annual income of a commercial property is $80,000 and the sales price is $680,000, what is the Gross Income Multiplier?






10

If the net operating income of a rental property is $50,000 and the overall capitalization rate is 9%, what is the value of the property (round to the nearest $100)?






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