Online Sales Associate Course 2023 Narrated

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 | 4 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 3.3: 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 v >

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 N

63-Hour End-of-Course Exam #1 N

Unit 15 Practice Exam >

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

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15

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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

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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

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