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Bob Hogue - Pre Lic. Test Questions & Answers.
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Bob Hogue - Pre Lic. Test Questions & Answers.
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Bob Hogue - Pre Lic. Test Questions &Answers
Which statement concerning broker's price opinions (BPOs) is TRUE?
b b b b b b b b
A) The payment for a BPO must be paid to the broker and not directly to the sales
b b b b b b b b b b b b b b b b b
associate who prepared the BPO.
b b b b b
B) A broker's license is required to conduct a BPO.
b b b b b b b b b
C) A BPO is also referred to as an appraisal of real property.
b b b b b b b b b b b b
D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice
b b b b b b b b b b b
(USPAP). - ANS-A
b b b
Which document would contain information regarding the architectural design standards
b b b b b b b b b
that must be used in a particular subdivision?
b b b b b b b b
A) Zoning code
b b
B) Restrictive covenants
b b
C) Subdivision plat map
b b b
D) Building code book - ANS-B
b b b b b
Which property is defined as residential real estate under Chapter 475, Florida statutes?
b b b b b b b b b b b b
A) Fifty-unit apartment complex
b b b
B) Neighborhood grocery store
b b b
C) Eight acres of agricultural property
b b b b b
D) Local elementary school - ANS-C
b b b b b
A map that indicates the size and location of individual lots, streets, and public utilities
b b b b b b b b b b b b b b
within a new development is called a(n)
b b b b b b b
A) elevation.
b
B) architectural drawing.
b b
C) subdivision plat map.
b b b
D) topography map. - ANS-C
b b b b
A couple tours several model homes in a new subdivision. The couple decides to
b b b b b b b b b b b b b
purchase one of the available lots and have the builder construct one of the model floor
b b b b b b b b b b b b b b b b
plans on the lot. Which type of construction is this?
b b b b b b b b b b
A) Modular home
b b
B) Tract home
b b
C) Custom home
b b
D) Contract home - ANS-B
b b b b
In which way does state government influence the real estate business?
b b b b b b b b b b
A) Identification of coastal regions
b b b b
B) Property taxation
b b
,C) Occupational licensing
b b
D) Zoning - ANS-A
b b b
What type of license or other credential is required for an individual to engage in the
b b b b b b b b b b b b b b b
sale, purchase, or lease of businesses for others?
b b b b b b b b
A) Commercial business license
b b b
B) Real estate license
b b b
C) Business broker license
b b b
D) Member of national association of business brokers - ANS-B
b b b b b b b b b
Which instrument can be used by a property owner to control how a particular parcel of
b b b b b b b b b b b b b b b
real property may be utilized by future property owners?
b b b b b b b b b
A) Special exception
b b
B) Zoning code
b b
C) Deed restrictions
b b
D) Restrictive covenants - ANS-C
b b b b
A marketing tool used by real estate licensees in the process of soliciting for listings that
b b b b b b b b b b b b b b b
is intended to help sellers determine an asking price is known as a(n)
b b b b b b b b b b b b b
A) appraisal report.
b b
B) comparative market analysis.
b b b
C) appraisal.
b
D) federally related transaction. - ANS-B
b b b b b
A developer transfers to the city privately owned streets in a subdivision with the
b b b b b b b b b b b b b
agreement that the city will maintain the streets in the future. This process is known as
b b b b b b b b b b b b b b b b
A) entrepreneurship.
b
B) eminent domain.
b b
C) dedication.
b
D) land acquisition. - ANS-C
b b b b
Which property would be defined as agricultural property under Chapter 475 of the
b b b b b b b b b b b b
Florida statutes?
b b
A) A farm house and five-acre ranch
b b b b b b
B) The sale of a rural grocery store
b b b b b b b
C) Warehouses for storing agricultural products in an industrial park
b b b b b b b b b
D) 15 acres of undeveloped agricultural land - ANS-D
b b b b b b b b
The sales associate that worked with the buyer in the transaction sets up an
b b b b b b b b b b b b b
appointment with the buyers to visit them six weeks after the sale. The sales associate
b b b b b b b b b b b b b b b
routinely makes a visit after the title closing to thank the buyers for choosing her real
b b b b b b b b b b b b b b b b
estate company and to extend an offer to help with the buyers' future real estate needs.
b b b b b b b b b b b b b b b b
What type of service is the sales associate providing?
b b b b b b b b b
A)Delayed customer contact b b
B)Door-to-door sales b
C)Final walk-through and property inspection
b b b b
,D)Follow-up - ANS-D b b
Which individual must hold a Florida real estate license?
b b b b b b b b
A)Individual who sells cemetery lots b b b b
B)Individual who rents lots in a mobile home park b b b b b b b b
C)Salesperson who works for a real estate developer and is paid a salary b b b b b b b b b b b b
D)Lawyer who receives a share of the commission for each transaction resulting from
b b b b b b b b b b b b
the referral of a client to a local brokerage office - ANS-D
b b b b b b b b b b b b
An applicant has been issued a broker's license. The broker licensee does not want to
b b b b b b b b b b b b b b
own her own real estate brokerage business. The licensee went to work selling real
b b b b b b b b b b b b b b
estate under another broker. She is BEST described as a
b b b b b b b b b b
A)broker.
B)staff worker. b
C)broker associate. b
D)sales associate. - ANS-C b b b
"Nolo contendere" is a term that means
b b b b b b
A)no one witnessed the signature.
b b b b
B)no contest. b
C)no compensation is paid for services.
b b b b b
D)property was seized from the owner. - ANS-B b b b b b b b
Which individual is NOT exempt from holding a Florida real estate license?
b b b b b b b b b b b
A)An individual who appraises railroad property for tax purposes
b b b b b b b b
B)A salaried employee who works as a manager of a condominium complex and rents
b b b b b b b b b b b b b
individual units for periods of one year or less
b b b b b b b b b
C)Certified public account (CPA) who is employed by a real estate corporation and
b b b b b b b b b b b b
receives a salary plus bonuses based on real estate transactions
b b b b b b b b b b
D)A person who sells cemetery lots - ANS-C
b b b b b b b
Attorneys who are active members in good standing with The Florida Bar are exempt
b b b b b b b b b b b b b
from which education requirement?
b b b b
A)FREC Course I for sales associates b b b b b
B)FREC Course II for brokers b b b b
C)45-hour post-licensing education for sales associates
b b b b b
D)Sales associate state license exam - ANS-A
b b b b b b
A first time homebuyer responds to a for sale-by-owner yard sign and walks through a
b b b b b b b b b b b b b b
home for sale. The buyer is not sure what recent prices homes in the neighborhood
b b b b b b b b b b b b b b b
have been commanding or what is a reasonable offering price. This situation is BEST
b b b b b b b b b b b b b b
described as
b b
A)real estate give and take.b b b b
B)eminent domain. b
C)caveat emptor. b
D)economics. - ANS-C b b
, An individual who received a four-year degree in real estate from a state university is
b b b b b b b b b b b b b b
NOT exempt from which license requirement?
b b b b b b
A)FREC Course II for brokers b b b b
B)Post-license education b
C)FREC Course I for sales associates b b b b b
D)State license exam - ANS-D b b b b
The rules of the Florida Real Estate Commission are found in
b b b b b b b b b b
A)Florida Statute 455. b b
B)Chapter 61J2. b
C)Florida Statute 475. b b
D)Florida Statute 120. - ANS-B b b b b
A student who fails the sales associate end-of-course exam must wait how long from
b b b b b b b b b b b b b
the date of the original examination to retest?
b b b b b b b b
A)30 days b
B)7 days b
C)14 days b
D)24 hours - ANS-A b b b
For licensing purposes, a resident of Florida is defined as a person who has resided in
b b b b b b b b b b b b b b b
Florida for what period of time?
b b b b b b
A)6 months b
B)2 years b
C)4 months b
D)1 year - ANS-Cb b b
What is required of all nonresident license applicants?
b b b b b b b
A)Pay an additional out-of-state nonresident license fee
b b b b b b
B)U.S. citizenship b
C)Agree to the irrevocable consent to service section on the license application
b b b b b b b b b b b
D)Agree to refer all out-of-state clients to an affiliate broker located in the state of
b b b b b b b b b b b b b b
Florida - ANS-C
b b b
What is the percentage passing score on the state license exam?
b b b b b b b b b b
A) 75 b
B) 80 b
C)90
D) 70 - ANS-A
b b b
A developer of a new residential subdivision hires a sales staff to sell homes. The sales
b b b b b b b b b b b b b b b
staff receives a base salary plus 1 percent of the sale price of each home they sell. Are
b b b b b b b b b b b b b b b b b b
the people who sell these homes for the developer required to hold real estate
b b b b b b b b b b b b b b
licenses?
b
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