Which of the following styles was NOT developed by the National Council of Real
Estate Investment Fiduciaries (NCREIF) for analyzing direct real estate investing?
Detailed Answer
B
2
What style of real estate investing is characterized by being the most liquid, the most
developed, the least leveraged, and the most recognizable?
Detailed Answer
A
3
Which of the following characteristics best describes PERE (private equity real
estate) investments?
Detailed Answer
D
4
Possession of a current and valid license will be considered by a court
Detailed Answer
C
5
A sales associate gets a signed contract from a buyer and mails it to the seller. The seller
has agreed to the terms and the escrow deposit is safely in the brokers escrow account.
The sales associate has a disagreement with his broker and quits. The broker refuses to
pay a commission because the sales associate was not in his employ when the contract
was actually received and signed. The sales associate should
Detailed Answer
C
6
A licensee who has passed the brokers state examination, but desires to continue to
operate under an owner-employer will be registered as a
Detailed Answer
C
7
A hardware store owner, who is neither a real estate licensee nor a licensed or certified
appraiser, was appointed by the court to appraise another hardware store. The person can
Detailed Answer
A
8
In order to be a licensee member of the Florida Real Estate Commission, an individual
must have been licensed a minimum of
Detailed Answer
B
9
Broker Bill has a listing contract to sell Janets condominium. A prospective buyer offers
to pay $60,000, but refuses to give a binder deposit with the contract. Broker Bill should
Detailed Answer
B
10
A buyer gives a sales associate a binder check made out to him. The sales associate
should