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 Real Estate Examination

63-Hour End-of-Course Exam #1

Unit 4: Practice Exam

Online Sales Associate Course 2023 UNIT 4—BROKERAGE RELATIONSHIPS, DUTIES AND DISCLOSURE Unit 4: Key Points Unit 4: Practice Exam

Time limit: 0

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Question 1 of 15

1. Question
Who authorizes an agent to handle business matters on his or her behalf?
- Fiduciary
- Arm’s length
- Principal
- Sales associate
Correct

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Question 2 of 15

2. Question
Which type of agent performs acts for the principal in all matters related to a business operation
- Dual
- Special
- General
- Broker
Correct

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Question 3 of 15

3. Question
The law presumes that a broker is acting as a
- single agent.
- transaction broker.
- dual agent.
- designated broker.
Correct

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Question 4 of 15

4. Question
The three authorized brokerage relationships under Florida law are
- transaction broker, single agent, dual agent.
- transaction broker, designated sales associate, dual agent.
- single agent, dual agent, no brokerage relationship.
- transaction broker, single agent, designated sales associate.
Correct

Incorrect
Question 5 of 15

5. Question
Which is defined as a residential sale?
- A quadruplex
- A 120-acre farm
- A vacant lot intended for use as a 6-unit apartment building
- A five-unit apartment building
Correct

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Question 6 of 15

6. Question
Which situation requires that a sales associate give a brokerage relationship disclosure?
- The rental of a one-family house
- Single agent selling a duplex
- When acting as a transaction broker
- Single agent selling a commercial building
Correct

Incorrect
Question 7 of 15

7. Question
A transaction broker is NOT required to
- account for all funds.
- obey the principal.
- deal honestly and fairly.
- use skill, care, and diligence in the transaction.
Correct

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Question 8 of 15

8. Question
A buyer asks a transaction broker why the sellers are moving. Which duty requires that the broker not disclose the information?
- Limited confidentiality
- Dealing honestly and fairly
- Disclosing all known facts
- Accounting for all funds
Correct

Incorrect
Question 9 of 15

9. Question
Transaction brokers
- must give a brokerage relationship notice to all customers.
- have the duty of limited confidentiality.
- must obey the instructions of the principal.
- have a fiduciary relationship with the customer.
Correct

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Question 10 of 15

10. Question
Which is NOT correct about single agents?
- Have the duty of obedience
- Must be loyal to the principal
- Must give the principal a single agent notice
- Have a nonfiduciary relationship with the principal
Correct

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Question 11 of 15

11. Question
A sales associate works in a realty company that is the single agent for a seller. The sales associate wants to show the house to a prospective buyer. Which choice is a legal way to accomplish this goal?
- Have the buyer sign a no brokerage relationship notice
- Become a designated sales associate
- Give the buyer a transaction broker notice
- Give the buyer a single agent notice
Correct

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Question 12 of 15

12. Question
Which is NOT a duty of a licensee with no brokerage relationship?
- Limited confidentiality
- Dealing honestly and fairly
- Disclosing all known facts that materially affect the value of residential property which are not readily observable
- Accounting for all funds entrusted to the licensee
Correct

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Question 13 of 15

13. Question
Which is NOT a requirement for becoming a designated sales associate in a real estate transaction?
- The transaction be for non-residential property
- Buyer and seller each sign a statement the he or she has assets in excess of $1 million
- Buyer and seller request this representation status
- Buyer and seller must be given a notice of dual agency
Correct

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Question 14 of 15

14. Question
A real estate broker must retain all documents for real estate transactions that result in a written contract to purchase and sell real property for
- twelve months.
- two years.
- five years.
- seven years.
Correct

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Question 15 of 15

15. Question
A situation that allows one licensee in a realty company to be a single agent for the seller of a commercial property, and one licensee in the same firm to be a single agent for the buyer describes the brokerage relationship called
- designated sales associate.
- dual agency.
- transaction broker.
- single agency.
Correct

Incorrect

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