Real Estate Sales Associate Examination — Information & Free Practice
US-FL · Examination information
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Real Estate Sales Associate Examination
Examination outline
I. The Real Estate Business (1%)
- A. An Introduction to the Real Estate Business
- B. Real Estate Brokerage
- C. Development and Construction
- D. The Role of Government
- E. Professional Organizations
II. License Law and Qualifications for Licensure (6%)
- A. Historical Perspective of Florida Real Estate License Law
- B. Statutes and Rules Important to Real Estate
- C. General Licensing Provisions
- D. Sales Associate Qualifications for Licensure
- E. Post-Licensing Education
- F. Continuing Education
- G. Broker Requirements
- H. Registration and Licensure
- I. Real Estate Services
- J. Individuals Who Are Exempt from a Real Estate License
III. Real Estate License Law and Commission Rules (2%)
- A. Florida Real Estate Commission
- B. Department of Business and Professional Regulation (DBPR): 1. Real Estate Regulation
IV. Authorized Relationships, Duties and Disclosures (7%)
- A. Law of Agency
- B. Brokerage Relationships in Florida: 1. Transaction Broker
- B. Brokerage Relationships in Florida: 2. Single Agent
- B. Brokerage Relationships in Florida: 3. No Brokerage Relationship
- B. Brokerage Relationships in Florida: 4. Transition to Transaction Broker
- C. Misrepresentation and Fraud
- D. Professional Ethics
- E. Sales Associate to Broker
V. Real Estate Brokerage Activities and Procedures (12%)
- A. Brokerage Offices
- B. Advertising
- C. Escrow or Trust Accounts – General Rules: 1. Broker Held
- C. Escrow or Trust Accounts – General Rules: 2. Attorney/Title Company Held
- C. Escrow or Trust Accounts – General Rules: 3. Commingling
- D. Broker's Commission: 1. Anti-Trust Laws
- D. Broker's Commission: 2. Lien Law on Real Property
- D. Broker's Commission: 3. Sales Associate Commission: a. Math-Commission
- D. Broker's Commission: 4. Kickbacks
- D. Broker's Commission: 5. Change of Employer
- E. Types of Business Entities That May or May Not Register: 1. Sole Proprietorship
- E. Types of Business Entities That May or May Not Register: 2. Partnerships
- E. Types of Business Entities That May or May Not Register: 3. Corporations
- E. Types of Business Entities That May or May Not Register: 4. LLC- Limited Liability Company
- F. Trade Names
- G. Unlicensed Personal Assistants
VI. Violations of License Law, Penalties and Procedures (3%)
- A. Complaint Process – Seven Steps
- B. Violations and Penalties: 1. Grounds for Denial
- B. Violations and Penalties: 2. Grounds for Suspension
- B. Violations and Penalties: 3. Grounds for Revocation
- C. Types of Penalties
- D. Real Estate Recovery Fund
- E. Legal Terms to Know
- F. Disciplinary Guidelines
VII. Federal and State Laws Pertaining to Real Estate (3%)
- A. Federal and State Fair Housing Law
- B. Federal Laws Regarding Land and the Environment
- C. Federal Laws Regarding Mortgage Lending
- D. Florida Residential Landlord and Tenant Act: 1. Security Deposit
- D. Florida Residential Landlord and Tenant Act: 2. Advance Rentals
VIII. Property Rights: Estates, Tenancies; Condominiums, Homeowner Associations, and Time-Sharing (8%)
- A. The Nature of Property: 1. Physical Components
- A. The Nature of Property: 2. Personal Property
- B. General Property Rights
- C. Estate and Tenancies: 1. Fee Simple
- C. Estate and Tenancies: 2. Life Estate
- C. Estate and Tenancies: 3. Tenancy at Will
- C. Estate and Tenancies: 4. Tenancy at Sufferance
- C. Estate and Tenancies: 5. Tenancy in Common
- C. Estate and Tenancies: 6. Joint Tenancy
- C. Estate and Tenancies: 7. Tenancy by the Entireties
- D. Homestead: 1. Protection of Homestead
- D. Homestead: 2. Tax Exemption
- E. Cooperatives, Condominiums, and Time Sharing
IX. Titles, Deeds, and Ownership Restrictions (7%)
- A. Title to Real Property
- B. Acquiring Legal Title: 1. Voluntary Alienation
- B. Acquiring Legal Title: 2. Involuntary Alienation
- B. Acquiring Legal Title: 3. Types of Notice
- B. Acquiring Legal Title: 4. Condition of Title
- C. Deeds: 1. Clauses-Deed
- C. Deeds: 2. Statutory Deeds
- C. Deeds: 3. Special Purpose Deeds
- D. Ownership Limitations and Restrictions: 1. Easements
- D. Ownership Limitations and Restrictions: 2. Leases
- D. Ownership Limitations and Restrictions: 3. General and Specific Liens
- D. Ownership Limitations and Restrictions: 4. Public/Government Restrictions
- D. Ownership Limitations and Restrictions: 5. Deed Restrictions
X. Legal Descriptions (5%)
- A. Purposes of Legal Descriptions
- B. Types of Legal Descriptions: 1. Metes and Bounds
- B. Types of Legal Descriptions: 2. Lot and Block
- B. Types of Legal Descriptions: 3. Government Survey System
- B. Types of Legal Descriptions: 4. Math-Legal Description
XI. Real Estate Contracts (12%)
- A. Preparation of Contracts
- B. Essentials of a Contract
- C. Statute of Frauds
- D. Statute of Limitations
- E. Transfer of Real Property
- F. Contract Categories
- G. Contract Negotiation
- H. Termination of Contracts
- I. Contracts Important to Real Estate: 1. Listing Contracts: a. Brokers' Compensation
- I. Contracts Important to Real Estate: 2. Buyer-Broker Agreement
- I. Contracts Important to Real Estate: 3. Option Contracts
- I. Contracts Important to Real Estate: 4. Sale and Purchase Contracts
- I. Contracts Important to Real Estate: 5. Mandatory Disclosures: a. Material Defects
- I. Contracts Important to Real Estate: 5. Mandatory Disclosures: b. Radon Gas
- I. Contracts Important to Real Estate: 5. Mandatory Disclosures: c. Lead-based Paint
- I. Contracts Important to Real Estate: 5. Mandatory Disclosures: d. Energy Efficiency Brochure
- I. Contracts Important to Real Estate: 5. Mandatory Disclosures: e. Homeowners Association
- I. Contracts Important to Real Estate: 5. Mandatory Disclosures: f. Property Tax
- I. Contracts Important to Real Estate: 5. Mandatory Disclosures: g. Building Code
- I. Contracts Important to Real Estate: 5. Mandatory Disclosures: h. Community Development District Disclosure
XII. Residential Mortgages (9%)
- A. Legal Theories of Mortgages
- B. Loan Instruments
- C. Mortgage Clauses
- D. Types of Mortgage Loans: 1. FHA
- D. Types of Mortgage Loans: 2. VA
- D. Types of Mortgage Loans: 3. Conventional
- E. Methods of Purchasing Mortgaged Property
- F. Other Types of Financing
- G. Qualifying the Buyer
- H. Math-Finance
XIII. Types of Mortgages and Sources of Financing (4%)
- A. The Mortgage Market and Money Supply
- B. Federal Regulatory Bodies
- C. Primary Mortgage Market
- D. Secondary Mortgage Market
- E. Mortgage Fees
XIV. Real Estate Related Computations and Closing of Transactions (6%)
- A. Math-Computations
- B. Closing Statements
XV. Real Estate Markets and Analysis (1%)
- A. Characteristics of the Real Estate Market
XVI. Real Estate Appraisal (8%)
- A. Appraisal Regulation/USPAP
- B. Market Value
- C. Approaches to Estimating Real Property Value: 1. Sales Comparison Approach
- C. Approaches to Estimating Real Property Value: 2. Cost-Depreciation Approach
- C. Approaches to Estimating Real Property Value: 3. Income Capitalization Approach
- D. Comparative Market Analysis (CMA)
- E. Broker Price Opinion (BPO)
XVII. Real Estate Investments and Business Opportunity Brokerage (2%)
- A. Real Estate as an Investment
- B. Analyzing Investment Properties
- C. Assessment of Risks
- D. Leverage
- E. Business Brokerage
XVIII. Taxes Affecting Real Estate (3%)
- A. City and County Property Taxes: 1. Math-Taxes
- B. Federal Income Taxes
XIX. Planning and Zoning (1%)
- A. Local Planning Agency
- B. Florida's Growth and Community Planning Act
- C. The Planning Process
- D. Zoning Laws and Code Enforcement
Examination sources
- Real Estate Sales Associate Examination Candidate Information Booklet
p. 3, Content Overview and Outline
- Real Estate Sales Associate Examination Candidate Information Booklet
p. 4, Outline continuation
- Real Estate Sales Associate Examination Candidate Information Booklet
p. 5, Outline continuation
- Real Estate Sales Associate Examination Candidate Information Booklet
p. 12, Scoring Procedures
- Real Estate Sales Associate Examination Candidate Information Booklet
p. 13, perfect and passing scores
- Real Estate Sales Associate Examination Candidate Information Booklet
p. 2, electronic multiple-choice responses
- Real Estate Sales Associate Examination Candidate Information Booklet
Introduction, Pearson VUE scheduling and administration
- Real Estate Sales Associate Examination Candidate Information Booklet
Telephone or Internet Reservations