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 >

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 Appraiser 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 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 2 Practice Exam >

Online Sales Associate Course 2023 Narrated Unit 2 – REAL ESTATE LICENSE LAW AND QUALIFICATIONS FOR LICENSURE > Unit 2: Key Points > Unit 2 Practice Exam >

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Question 1 of 15

1. Question
The problem with the Florida Real Estate License law that was passed in 1923 was that
- it did not discuss broker escrow accounts.
- it failed to set up a process for renewing a license.
- it did not allow the Florida Real Estate Commission to draft rules.
- it did not establish an enforcement body.
Correct

Incorrect
Question 2 of 15

2. Question
“Let the buyer beware” was the public’s image of real estate brokers before the state set up the Florida Real Estate Commission. The Latin term is
- lo ipsit sequitur.
- ad hoc.
- amicus curiae.
- caveat emptor.
Correct

Incorrect
Question 3 of 15

3. Question
What is the maximum number of days the DBPR has to review the information in an license application?
- 15 days
- 30 days
- 60 days
- 90 days.
Correct

Incorrect
Question 4 of 15

4. Question
The Florida Real Estate Commission is
- a consumer protection agency.
- a police agency.
- a bureaucracy.
- an environmental protection agency.
Correct

Incorrect
Question 5 of 15

5. Question
The Department that enforces the law against persons who practice a profession without having a license is the
- Florida Real Estate Commission.
- Department of Business and Professional Regulation (DBPR).
- Division of Real Estate.
- Department of License Enforcement.
Correct

Incorrect
Question 6 of 15

6. Question
The maximum fine that can be levied by the DBPR for each offense is
- $500.
- $1,000.
- $5,000.
- $10,000.
Correct

Incorrect
Question 7 of 15

7. Question
Which part of Chapter 475 establishes the Florida Real Estate Commission?
- Part I
- Part II
- Part III
- Part IV
Correct

Incorrect
Question 8 of 15

8. Question
Which licensee is qualified to be a broker, but has decided to work under the supervision of another broker or an owner developer?
- A sales associate
- A broker
- An associate broker
- A broker associate
Correct

Incorrect
Question 9 of 15

9. Question
Applicants for a real estate license must have a
- United States passport.
- United States Social Security number.
- Florida driver’s license.
- Florida bank account.
Correct

Incorrect
Question 10 of 15

10. Question
Broker applicants must have worked under a broker in any state for at least
- one year.
- two years.
- four years.
- five years.
Correct

Incorrect
Question 11 of 15

11. Question
A broker’s license will become void when the first license expires unless the broker has
- closed at least ten transactions.
- held an active license for at least six months.
- completed at least 60 hours of broker post-licensing courses.
- completed a 45-hour sales associate post-licensing course.
Correct

Incorrect
Question 12 of 15

12. Question
Which is NOT a part of the 14-hour continuing education requirement for brokers and sales associates?
- Property management
- Business ethics
- Core law
- Specialty education
Correct

Incorrect
Question 13 of 15

13. Question
Which is NOT a service that requires a real estate license?
- Advertise real estate services
- Originate mortgages
- Appraising
- Exchanging
Correct

Incorrect
Question 14 of 15

14. Question
The unlicensed practice of real estate is a
- first degree felony.
- second degree misdemeanor.
- first degree misdemeanor.
- third degree felony.
Correct

Incorrect
Question 15 of 15

15. Question
A man who deals in real property is NOT exempt from having a real estate license if he
- sells cemetery lots.
- performs one of the eight services of real estate for another for compensation.
- rents property for transient occupancy.
- rents lots in a mobile home park.
Correct

Incorrect

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