{"id":1285,"date":"2026-04-14T14:55:33","date_gmt":"2026-04-14T19:55:33","guid":{"rendered":"https:\/\/russharbour.com\/?page_id=1285"},"modified":"2026-04-14T15:31:55","modified_gmt":"2026-04-14T20:31:55","slug":"quiz","status":"publish","type":"page","link":"https:\/\/russharbour.com\/index.php\/frec-quizzer-student-dashboard\/quiz\/","title":{"rendered":"Quiz"},"content":{"rendered":"    <form class=\"frec-box frec-quiz-form\" data-subject=\"1\">\r\n        <h3>The Real Estate Business \u2014 20 Questions<\/h3>\r\n        <ol class=\"frec-quiz-list\">\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"16\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 1.<\/strong>\r\n                        A real estate license is typically NOT required for:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_16\" value=\"A\" required> A. Salaried on-site manager of an apartment complex (no commissions)<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_16\" value=\"B\"> B. Collecting referral fees for out-of-state brokers<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_16\" value=\"C\"> C. Listing a neighbor\u2019s home for a fee<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_16\" value=\"D\"> D. Negotiating commercial leases for others<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"4\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 2.<\/strong>\r\n                        In a development project, the act of converting raw land into buildable lots is called:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_4\" value=\"A\" required> A. Subdividing<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_4\" value=\"B\"> B. Assemblage<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_4\" value=\"C\"> C. Condemnation<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_4\" value=\"D\"> D. Hypothecation<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"14\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 3.<\/strong>\r\n                        The party primarily responsible for due diligence on title defects at closing is the:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_14\" value=\"A\" required> A. Surveyor<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_14\" value=\"B\"> B. Title agent\/closing agent<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_14\" value=\"C\"> C. Leasing agent<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_14\" value=\"D\"> D. Home inspector<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"11\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 4.<\/strong>\r\n                        Property management reports typically include all EXCEPT:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_11\" value=\"A\" required> A. Rent roll<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_11\" value=\"B\"> B. Operating statement<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_11\" value=\"C\"> C. Capitalization rate of federal bonds<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_11\" value=\"D\"> D. Delinquency report<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"1\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 5.<\/strong>\r\n                        Which activity BEST describes the role of a property manager for an out-of-state owner?                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_1\" value=\"A\" required> A. Procuring buyers and listing property<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_1\" value=\"B\"> B. Maintaining value and generating NOI through operations<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_1\" value=\"C\"> C. Issuing title commitments for transfers<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_1\" value=\"D\"> D. Underwriting mortgage loans<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"7\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 6.<\/strong>\r\n                        The party responsible for verifying compliance with zoning and building codes during construction is usually the:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_7\" value=\"A\" required> A. Title examiner<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_7\" value=\"B\"> B. Building inspector<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_7\" value=\"C\"> C. Mortgage broker<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_7\" value=\"D\"> D. Property appraiser (county office)<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"9\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 7.<\/strong>\r\n                        Business brokerage differs from real estate brokerage primarily because it often includes:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_9\" value=\"A\" required> A. Mineral rights<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_9\" value=\"B\"> B. Personal property and goodwill<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_9\" value=\"C\"> C. Sovereignty lands<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_9\" value=\"D\"> D. Riparian rights only<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"13\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 8.<\/strong>\r\n                        A CAM (community association manager) is required when:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_13\" value=\"A\" required> A. Managing a condo with annual budgets of $100,000 or more<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_13\" value=\"B\"> B. Leasing a single-family home for a friend<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_13\" value=\"C\"> C. Managing your own property<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_13\" value=\"D\"> D. Performing title searches<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"3\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 9.<\/strong>\r\n                        Which document is customarily used to outline the parties\u2019 expectations in a property management engagement?                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_3\" value=\"A\" required> A. Management agreement<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_3\" value=\"B\"> B. Exclusive right-of-sale listing<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_3\" value=\"C\"> C. Net listing<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_3\" value=\"D\"> D. Affidavit of title<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"5\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 10.<\/strong>\r\n                        When a real estate licensee provides limited representation to both buyer and seller in Florida, it is known as:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_5\" value=\"A\" required> A. Single agency<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_5\" value=\"B\"> B. No brokerage relationship<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_5\" value=\"C\"> C. Transaction brokerage<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_5\" value=\"D\"> D. Dual agency<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"10\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 11.<\/strong>\r\n                        A broker \u201cfarms\u201d a neighborhood to:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_10\" value=\"A\" required> A. Engage in illegal steering<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_10\" value=\"B\"> B. Develop expertise and consistent presence in a defined area<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_10\" value=\"C\"> C. Avoid prospecting responsibilities<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_10\" value=\"D\"> D. Work exclusively with out-of-area buyers<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"8\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 12.<\/strong>\r\n                        Which professional normally estimates property insurance replacement cost for underwriting?                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_8\" value=\"A\" required> A. Real estate broker<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_8\" value=\"B\"> B. General contractor or estimator<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_8\" value=\"C\"> C. Mortgage servicer<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_8\" value=\"D\"> D. County tax collector<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"19\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 13.<\/strong>\r\n                        A broker\u2019s \u201creconciliation\u201d of an appraisal is:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_19\" value=\"A\" required> A. Averaging all comparable sales prices<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_19\" value=\"B\"> B. The final value conclusion after weighting approaches<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_19\" value=\"C\"> C. Selecting the highest comp value<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_19\" value=\"D\"> D. Determining tax assessed value<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"20\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 14.<\/strong>\r\n                        Residential specialization that focuses on newly constructed homes sold directly by the builder is:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_20\" value=\"A\" required> A. Property management<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_20\" value=\"B\"> B. Commercial investment sales<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_20\" value=\"C\"> C. On\u2011site sales<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_20\" value=\"D\"> D. Business brokerage<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"12\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 15.<\/strong>\r\n                        Referral fees paid to or from out-of-state brokers are:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_12\" value=\"A\" required> A. Prohibited in all cases<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_12\" value=\"B\"> B. Permitted if the out-of-state broker does not participate in the transaction in Florida<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_12\" value=\"C\"> C. Permitted only if both brokers are members of the same association<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_12\" value=\"D\"> D. Permitted without restriction<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"2\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 16.<\/strong>\r\n                        A broker who focuses on small office and flex-space leases is MOST likely engaged in which specialty?                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_2\" value=\"A\" required> A. Residential sales<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_2\" value=\"B\"> B. Agricultural sales<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_2\" value=\"C\"> C. Commercial leasing<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_2\" value=\"D\"> D. Business brokerage<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"18\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 17.<\/strong>\r\n                        A subdivision\u2019s recorded plat primarily provides:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_18\" value=\"A\" required> A. Building code standards<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_18\" value=\"B\"> B. Evidence of market value<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_18\" value=\"C\"> C. Legal lot and block descriptions<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_18\" value=\"D\"> D. HOA rules<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"15\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 18.<\/strong>\r\n                        Highest and best use analysis is most directly associated with:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_15\" value=\"A\" required> A. Property management<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_15\" value=\"B\"> B. Appraisal<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_15\" value=\"C\"> C. Mortgage underwriting<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_15\" value=\"D\"> D. HOA governance<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"6\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 19.<\/strong>\r\n                        A residential sales associate\u2019s primary source of listing inventory typically comes from:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_6\" value=\"A\" required> A. Title insurers<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_6\" value=\"B\"> B. Homebuilders only<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_6\" value=\"C\"> C. Prospecting and sphere-of-influence<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_6\" value=\"D\"> D. Mortgage originators<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                    <li>\r\n                <div class=\"frec-q\" data-qid=\"17\">\r\n                    <div class=\"frec-qtext\">\r\n                        <strong>Question 20.<\/strong>\r\n                        The primary objective of property managers is to:                    <\/div>\r\n\r\n                    \r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_17\" value=\"A\" required> A. Maximize resale value only<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_17\" value=\"B\"> B. Maximize NOI consistent with the owner\u2019s objectives<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_17\" value=\"C\"> C. Minimize tenant improvements only<\/label>\r\n                    <label class=\"frec-choice\"><input type=\"radio\" name=\"q_17\" value=\"D\"> D. Eliminate all vacancies regardless of cost<\/label>\r\n                <\/div>\r\n            <\/li>\r\n                <\/ol>\r\n\r\n                    <div class=\"frec-alert\">Tip: Log in to save your score and track progress.<\/div>\r\n        \r\n        <p><button class=\"frec-btn\" type=\"submit\">Submit<\/button><\/p>\r\n        <input type=\"hidden\" id=\"_frec_nonce\" name=\"_frec_nonce\" value=\"7c785d71de\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/index.php\/wp-json\/wp\/v2\/pages\/1285\" \/>    <\/form>\r\n    <div class=\"frec-box frec-results\" style=\"display:none;\"><\/div>\r\n    \n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":1282,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1285","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Quiz -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/russharbour.com\/index.php\/frec-quizzer-student-dashboard\/quiz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quiz\" \/>\n<meta property=\"og:url\" content=\"https:\/\/russharbour.com\/index.php\/frec-quizzer-student-dashboard\/quiz\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RussHarbourRESchool\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-14T20:31:55+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/russharbour.com\\\/index.php\\\/frec-quizzer-student-dashboard\\\/quiz\\\/\",\"url\":\"https:\\\/\\\/russharbour.com\\\/index.php\\\/frec-quizzer-student-dashboard\\\/quiz\\\/\",\"name\":\"Quiz -\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/russharbour.com\\\/#website\"},\"datePublished\":\"2026-04-14T19:55:33+00:00\",\"dateModified\":\"2026-04-14T20:31:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/russharbour.com\\\/index.php\\\/frec-quizzer-student-dashboard\\\/quiz\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/russharbour.com\\\/index.php\\\/frec-quizzer-student-dashboard\\\/quiz\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/russharbour.com\\\/index.php\\\/frec-quizzer-student-dashboard\\\/quiz\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/russharbour.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FREC Quizzer &#8211; 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