Online Sales Associate Course 2023

Unit 1 – THE REAL ESTATE BUSINESS

7 Topics | 7 Quizzes

Administrative Matters and Course Overview

Course Information: Practice Activities

Topic 1.1: Introduction to the Real Estate Business

Topic 1.1: Practice Activities

Topic 1.2: Real Estate Brokerage

Topic 1.2: Practice Activities

Topic 1.3: Development and Construction

Topic 1.3: Practice Activities

Topic 1.4: The Role of Government

Topic 1.4: Practice Activities

Topic 1.5: Professional Organizations

Topic 1.5: Practice Activities

Unit 1: Key Points

Unit 1 Practice Exam

Unit 2 – REAL ESTATE LICENSE LAW AND QUALIFICATIONS FOR LICENSURE

12 Topics | 12 Quizzes

Topic 2.1: History and Objectives of Real Estate License Laws

Topic 2.1: Practice Activities

Topic 2.2: License Categories

Topic 2.2: Practice Activities

Topic 2.3: General Licensure Provisions

Topic 2.3: Practice Activities

Topic 2.4: Application Requirements

Topic 2.4: Practice Activities

Topic 2.5: Sales Associate License Requirements

Topic 2.5: Practice Activities

Topic 2.6: Broker License Requirements

Topic 2.6: Practice Activities

Topic 2.7: Mutual Recognition Agreements with Other States

Topic 2.7: Practice Activities

Topic 2.8: Information Included on the Real Estate License

Topic 2.8: Practice Activities

Topic 2.9: Registration vs Licensure

Topic 2.9: Practice Activities

Topic 2.10: License Renewal Education

Topic 2.10: Practice Activities

Topic 2.11: Real Estate Services

Topic 2.11: Practice Activities

Unit 2: Key Points

Unit 2 Practice Exam

UNIT 3—THE REAL ESTATE LICENSE LAW AND COMMISSION RULES

5 Topics | 5 Quizzes

Topic 3.1: The Department of Business and Professional Regulation (DBPR)

Topic 3.1: Practice Activities

Topic 3.2: Division of Real Estate

Topic 3.2: Practice Activities

Topic 3.3: The Florida Real Estate Commission

Topic 3.3: Practice Activities

Topic 3.4: License Renewal and License Status

Topic 3.4: Practice Activities

Unit 3: Key Points

Unit 3 Practice Exam

UNIT 4—BROKERAGE RELATIONSHIPS, DUTIES AND DISCLOSURE

10 Topics | 9 Quizzes

Topic 4.1: The Concept of Agency

Topic 4.1: Practice Activities

Topic 4.2: Disclosure Requirements

Topic 4.2: Practice Activities

Topic 4.3: Authorized Brokerage Relationships

Topic 4.3: Practice Activities

Topic 4.4: Nonrepresentation

Topic 4.4: Practice Activities

Topic 4.5: Single Agent Relationship

Topic 4.5: Practice Activities

Topic 4.6: Transaction Broker Relationship

Topic 4.6: Practice Activities

Topic 4.7: Designated Sales Associate

Topic 4.7: Practice Activities

Topic 4.8: Record Keeping and Retention

Topic 4.8: Practice Activities

Topic 4.9: Terminating a Brokerage Relationship

Unit 4: Key Points

Unit 4: Practice Exam

UNIT 5—REAL ESTATE BROKERAGE ACTIVITIES

13 Topics | 12 Quizzes

Topic 5.1: Brokerage offices

Topic 5.1: Practice Activities

Topic 5.2: Guidelines for Advertising

Topic 5.2: Practice Activities

Topic 5.3: Escrow (Trust) Accounts

Topic 5.3: Practice Activities

Topic 5.4: Notice and Settlement Procedures

Topic 5.4: Practice Activities

Topic 5.5: Rental Lists and Rental Companies

Topic 5.5: Practice Activities

Topic 5.6: Brokers and Sales Associates Are Experts

Topic 5.7: Broker’s Commission

Topic 5.7: Practice Activities

Topic 5.8: Other Laws Regulating the Practice of Real Estate

Topic 5.8: Practice Activities

Topic 5.9: Entities That May Register As Brokerage Firms

Topic 5.9: Practice Activities

Topic 5.10: Entities That May Not Register as A Brokerage Firm

Topic 5.10: Practice Activities

Topic 5.11: Trade Names

Topic 5.11: Practice Activities

Topic 5.12: Personal Assistants

Topic 5.12: Practice Activities

Unit 5: Key Points

Unit 5 Practice Exam

Unit 6—VIOLATIONS OF LICENSE LAW, PENALTIES AND PROCEDURES

4 Topics | 4 Quizzes

Topic 6.1: Disciplinary Procedures

Topic 6.1: Practice Activities

Topic 6.2: Administrative Penalties

Topic 6.2: Practice Activities

Topic 6.3: Real Estate Recovery Fund

Topic 6.3: Practice Activities

Unit 6: Key Points

Unit 6 Practice Exam

Unit 7—FEDERAL AND STATE LAWS PERTAINING TO REAL ESTATE

4 Topics | 4 Quizzes

Topic 7.1: Fair Housing Laws

Topic 7.1: Practice Activities

Topic 7.2: Other Federal Laws

Topic 7.2: Practice Activities

Topic 7.3: Florida Residential Landlord and Tenant Act

Topic 7.3: Practice Activities

Unit 7: Key Points

Unit 7 Practice Exam

UNIT 8 – PROPERTY RIGHTS: ESTATES AND TENANCIES; CONDOMINIUMS, COOPERATIVES, HOMEOWNER ASSOCIATIONS, AND TIME-SHARING

10 Topics | 10 Quizzes

Topic 8.1: Land, Real Estate, and Real Property

Topic 8.1: Practice Activities

Topic 8.2: Real vs. Personal Property

Topic 8.2: Practice Activities

Topic 8.3: Basic Property Rights

Topic 8.3: Practice Activities

Topic 8.4: Estates

Topic 8.4: Practice Activities

Topic 8.5: Types of Ownership

Topic 8.5: Practice Activities

Topic 8.6: Leasehold (Nonfreehold) Estates

Topic 8.6: Practice Activities

Topic 8.7: Cooperatives

Topic 8.7: Practice Activities

Topic 8.8: Condominiums

Topic 8.8: Practice Activities

Topic 8.9: Time-Sharing

Topic 8.9: Practice Activities

Unit 8: Key Points

Unit 8 Practice Exam

UNIT 9 – TITLE, DEEDS AND OWNERSHIP RESTRICTIONS

7 Topics | 7 Quizzes

Topic 9.1: Concept of Title

Topic 9.1 Practice Activities

Topic 9.2: Methods of Transferring Real Property

Topic 9.2: Practice Activities

Topic 9.3: Notice to Legal Title

Topic 9.3: Practice Activities

Topic 9.4: Protection of Title

Topic 9.4: Practice Activities

Topic 9.5: Deeds

Topic 9.5: Practice Activities

Topic 9.6: Ownership Limitations and Restrictions

Topic 9.6: Practice Activities

Unit 9: Key Points

Unit 9 Practice Exam

Unit 10—LEGAL DESCRIPTIONS

6 Topics | 5 Quizzes

Topic 10.1: Purposes of Surveys and Legal Descriptions

Topic 10.1: Practice Activities

Topic 10.2: Metes and Bounds

Topic 10.2: Practice Activities

Topic 10.3: Government Survey System

Topic 10.3: Practice Activities

Topic 10.4: Lot and Block Method

Topic 10.4: Practice Activities

Topic 10.5: Tax Assessor Maps

Unit 10: Key Points

Unit 10 Practice Exam

Unit 11—REAL ESTATE CONTRACTS

11 Topics | 10 Quizzes

Topic 11.1: Contracts in General

Topic 11.1: Practice Activities

Topic 11.2: Essentials of a Contract

Topic 11.2: Practice Activities

Topic 11.3: Classification of Contracts

Topic 11.3: Practice Activities

Topic 11.4: Contract Negotiation

Topic 11.4: Practice Activities

Topic 11.5: Termination of Contracts

Topic 11.5: Practice Activities

Topic 11.6: Breach of Contract

Topic 11.6: Practice Activities

Contracts Important to Real Estate

Topic 11.7: Listing Contracts

Topic 11.7: Practice Activities

Topic 11.8: Sales Contracts

Topic 11.8: Practice Activities

Topic 11.9: Options, Procuring Cause, and Negligence

Topic 11.9: Practice Activities

Unit 11: Key Points

Unit 11 Practice Exam

Unit 12—RESIDENTIAL MORTGAGES

8 Topics | 7 Quizzes

Topic 12.1: Mortgage concepts

Topic 12.1: Practice Activities

Topic 12.2: Essential Elements of the Mortgage

Topic 12.2: Practice Activities

Topic 12.3: Common mortgage features

Topic 12.3: Practice Activities

Topic 12.4: Assignment of the mortgage

Topic 12.4: Practice Activities

Topic 12.5: Methods of Purchasing Mortgaged Property Encumbered by an Existing Loan

Topic 12.5: Practice Activities

Topic 12.6: Land Development Loans and Construction Loans

Topic 12.7: Default

Topic 12.7: Practice Activities

Unit 12: Key Points

Unit 12 Practice Exam

Unit 13—TYPES OF MORTGAGES AND SOURCES OF FINANCING

11 Topics | 11 Quizzes

Topic 13.1: Qualifying for a Loan

Topic 13.1: Practice Activities

Topic 13.2: Conventional mortgages

Topic 13.2: Practice Activities

Topic 13.3: Common Types of Mortgages

Topic 13.3: Practice Activities

Topic 13.4: Custom mortgages

Topic 13.4: Practice Activities

Topic 13.5: Government Insured FHA Program

Topic 13.5: Practice Activities

Topic 13.6: VA Loan Guarantee Program

Topic 13.6: Practice Activities

Topic 13.7: Primary Mortgage Market

Topic 13.7: Practice Activities

Topic 13.8: Secondary Mortgage Market

Topic 13.8: Practice Activities

Topic 13.9: Mortgage Fraud

Topic 13.9: Practice Activities

Topic 13.10: Laws Regarding Fair Credit and Lending Procedures

Topic 13.10: Practice Activities

Unit 13: Key Points

Unit 13 Practice Exam

UNIT 14—REAL ESTATE RELATED COMPUTATIONS AND CLOSING OF TRANSACTIONS

8 Topics | 8 Quizzes

Topic 14.1: Basic Real Estate Computations

Topic 14.1: Practice Activities

Topic 14.2: Preliminary steps to a closing

Topic 14.2: Practice Activities

Topic 14.3: Prorated Expenses

Topic 14.3: Practice Activities

Topic 14.4: State Transfer Taxes

Topic 14.4: Practice Activities

Topic 14.5: Other Charges

Topic 14.5: Practice Activities

Topic 14.6: General Rules for Debits and Credits

Topic 14.6: Practice Activities

Topic 14.7: Closing Disclosure

Topic 14.7: Practice Activities

Unit 14: Key Points

Unit 14 Practice Exam

Unit 15—THE REAL ESTATE MARKETS AND ANALYSIS

3 Topics | 3 Quizzes

Topic 15.1: Physical Characteristics of Real Estate

Topic 15.1: Practice Activities

Topic 15.2: Economic Characteristics of Real Estate

Topic 15.2: Practice Activities

Unit 15: Key Points

Unit 15 Practice Exam

Unit 16—REAL ESTATE APPRAISAL

6 Topics | 6 Quizzes

Topic 16.1: Regulation of Appraising – FIRREA

Topic 16.1: Practice Activities

Topic 16.2: Concept of Value

Topic 16.2: Practice Activities

Topic 16.3: Principles of Value

Topic 16.3: Practice Activities

Topic 16.4: Introduction to the Three Approaches to Value

Topic 16.4: Practice Activities

Topic 16.5: Preparing a Comparative Market Analysis (CMA)

Topic 16.5: Practice Activities

Unit 16: Key Points

Unit 16 Practice Exam

Unit 17—REAL ESTATE INVESTMENTS AND BUSINESS OPPORTUNITY BROKERAGE

7 Topics | 7 Quizzes

Topic 17.1: Investment Real Estate Terminology

Topic 17.1: Practice Activities

Topic 17.2: Types of investments

Topic 17.2: Practice Activities

Topic 17.3: Advantages of Real Estate Investments

Topic 17.3: Practice Activities

Topic 17.4: Disadvantages of Investing in Real Estate

Topic 17.4: Practice Activities

Topic 17.5: Assessment of Risk

Topic 17.5: Practice Activities

Topic 17.6: Nature of Business Brokerage

Topic 17.6: Practice Activities

Unit 17: Key Points

Unit 17 Practice Exam

Unit 18—TAXES AFFECTING REAL ESTATE

6 Topics | 6 Quizzes

Topic 18.1: Real Property Taxation

Topic 18.1: Practice Activities

Topic 18.2: Tax Districts, Budget, and Tax Rates

Topic 18.2: Practice Activities

Topic 18.3 Special Assessments

Topic 18.3: Practice Activities

Topic 18.4: Nonpayment of Real Property Taxes

Topic 18.4: Practice Activities

Topic 18.5: Federal Income Taxes

Topic 18.5: Practice Activities

Unit 18: Key Points

Unit 18 Practice Exam

Unit 19—PLANNING, ZONING AND ENVIRONMENTAL HAZARDS

9 Topics | 9 Quizzes

Topic 19.1: Planning and Zoning

Topic 19.1: Practice Activities

Topic 19.2: Local Planning Agency

Topic 19.2: Practice Activities

Topic 19.3: Florida’s Growth Policy and Community Planning Act (CPA)-Chapter 163, F.S.

Topic 19.3: Practice Activities

Topic 19.4: Zoning, land use restrictions and building codes

Topic 19.4: Practice Activities

Topic 19.5: Appeals and Exceptions

Topic 19.5: Practice Activities

Topic 19.6: Calculating the Number of Lots Available for Development

Topic 19.6: Practice Activities

Topic 19.7: Flood zones

Topic 19.7: Practice Activities

Topic 19.8: Indoor and outdoor environmental hazards

Topic 19.8: Practice Activities

Unit 19: Key Points

Unit 19 Practice Exam

Practice Final Examination

1 of 2

Unit 15 Practice Exam

Online Sales Associate Course 2023 Unit 15—THE REAL ESTATE MARKETS AND ANALYSIS Unit 15: Key Points Unit 15 Practice Exam

Time limit: 0

Quiz Summary

0 of 15 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 15 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Current
Review
Answered
Correct
Incorrect

Question 1 of 15

1. Question
Real estate is influenced by changes in nearby land uses because of
- the cost of the property.
- the immobility of the property.
- the use of the property.
- zoning requirements.
Correct

Incorrect
Question 2 of 15

2. Question
The qualities of immobility and uniqueness that give value to a parcel of land is called the land’s
- durability.
- price.
- value.
- situs.
Correct

Incorrect
Question 3 of 15

3. Question
Highest and best use is determined by
- potential users bidding for a site based on its locational and environmental value of the site in each use.
- the price of the property.
- the market activity of that type of property.
- the scarcity of that land use in the area.
Correct

Incorrect
Question 4 of 15

4. Question
The term used to show that no two parcels of real estate are identical is
- homogeneous.
- nonhomogeneous.
- situs.
- certiori.
Correct

Incorrect
Question 5 of 15

5. Question
Which is correct about the economic characteristics of real estate?
- Government regulations are a minor influence on the market.
- Excess supply causes prices to increase.
- Population has a direct influence on demand for real estate.
- Real estate responds rapidly to changes in supply and demand.
Correct

Incorrect
Question 6 of 15

6. Question
What factor of real estate is an inverse influence on demand?
- Price
- Population
- Income of consumers
- Availability of mortgage credit
Correct

Incorrect
Question 7 of 15

7. Question
Which is a factor that affects the supply of real estate?
- Price
- Population
- Income of consumers
- Availability of skilled labor
Correct

Incorrect
Question 8 of 15

8. Question
At which occupancy rate is the market said to be in balance?
- 80%
- 85%
- 90%
- 95%
Correct

Incorrect
Question 9 of 15

9. Question
If there is an oversupply of homes in a neighborhood
- prices will tend to increase.
- sales will decrease.
- it becomes a sellers’ market.
- it becomes a buyers’ market.
Correct

Incorrect
Question 10 of 15

10. Question
Assume a small city has 78,500 total houses. If 68,400 are occupied, which is correct?
- The area is a sellers’ market.
- The vacancy rate is 10%.
- The occupancy rate is 90%.
- The occupancy rate is 87%.
Correct

Incorrect
Question 11 of 15

11. Question
MLS records show that 4,945 houses were sold last year. A real estate brokerage firm had 834 of those sales, so its market share is
- 12%.
- 16.9%.
- 22.6%.
- 83.1%.
Correct

Incorrect
Question 12 of 15

12. Question
Which is correct about supply and demand in real estate?
- Prices go up in a buyers’ market.
- Prices decrease when houses are in short supply.
- A sellers’ market means the sellers’ find it hard to sell.
- An oversupply in the market creates a buyers’ market.
Correct

Incorrect
Question 13 of 15

13. Question
If the occupancy rate in an area is 75%, which is NOT correct?
- The vacancy rate is 25%.
- There is an oversupply of property.
- It is a sellers’ market.
- Prices will tend to decline.
Correct

Incorrect
Question 14 of 15

14. Question
Appraisers who are estimating the supply of apartments need to consider those homes currently on the market and
- those that are currently rented.
- building permits for new units.
- the occupancy level of houses.
- number of tenants who are moving in.
Correct

Incorrect
Question 15 of 15

15. Question
An appraiser who is evaluating market activity in an area finds that prices are increasing. This indicates
- there is an oversupply of houses.
- the market is in balance.
- it is a buyers’ market.
- it is a sellers’ market.
Correct

Incorrect

Login

Accessing this course requires a login. Please enter your credentials below!

Username or Email Address

Password

Remember Me

Lost Your Password?