Exam (elaborations)
BOB HOGUE - PRE LIC. TEST QUESTIONS AND ANSWERS STUDY GUIDE WITH COMPLETE SOLUTION!!
- Course
- Institution
BOB HOGUE - PRE LIC. TEST QUESTIONS AND ANSWERS STUDY GUIDE WITH COMPLETE SOLUTION!!
[Show more]
Content preview
BOB HOGUE - PRE LIC. TEST QUESTIONS AND ANSWERSSTUDY GUIDE WITH COMPLETE SOLUTION!!
Which statement concerning broker's price opinions (BPOs) is TRUE?
A) The payment for a BPO must be paid to the broker and not directly to the sales
associate who prepared the BPO.
Answers A
Which document would contain information regarding the architectural design
standards that must be used in a particular subdivision?
B) Restrictive covenants
Answers B
Which property is defined as residential real estate under Chapter 475, Florida
statutes?
C) Eight acres of agricultural property
Answers C
A map that indicates the size and location of individual lots, streets, and public
utilities within a new development is called a(n)
C) subdivision plat map.
Answers C
A couple tours several model homes in a new subdivision. The couple decides to
purchase one of the available lots and have the builder construct one of the model
floor plans on the lot. Which type of construction is this?
B) Tract home
,Answers B
In which way does state government influence the real estate business?
A) Identification of coastal regions
Answers A
What type of license or other credential is required for an individual to engage in
the sale, purchase, or lease of businesses for others?
B) Real estate license
Answers B
Which instrument can be used by a property owner to control how a particular
parcel of real property may be utilized by future property owners?
C) Deed restrictions
Answers C
A marketing tool used by real estate licensees in the process of soliciting for
listings that is intended to help sellers determine an asking price is known as a(n)
B) comparative market analysis.
Answers B
A developer transfers to the city privately owned streets in a subdivision with the
agreement that the city will maintain the streets in the future. This process is
known as
C) dedication.
Answers C
,Which property would be defined as agricultural property under Chapter 475 of the
Florida statutes?
D) 15 acres of undeveloped agricultural land
Answers D
The sales associate that worked with the buyer in the transaction sets up an
appointment with the buyers to visit them six weeks after the sale. The sales
associate routinely makes a visit after the title closing to thank the buyers for
choosing her real estate company and to extend an offer to help with the buyers'
future real estate needs. What type of service is the sales associate providing?
D)Follow-up
Answers D
Which individual must hold a Florida real estate license?
D)Lawyer who receives a share of the commission for each transaction resulting
from the referral of a client to a local brokerage office
Answers D
An applicant has been issued a broker's license. The broker licensee does not want
to own her own real estate brokerage business. The licensee went to work selling
real estate under another broker. She is BEST described as a
C)broker associate.
Answers C
"Nolo contendere" is a term that means
B)no contest.
Answers B
, Which individual is NOT exempt from holding a Florida real estate license?
C)Certified public account (CPA) who is employed by a real estate corporation and
receives a salary plus bonuses based on real estate transactions
Answers C
Attorneys who are active members in good standing with The Florida Bar are
exempt from which education requirement?
A)FREC Course I for sales associates
Answers A
A first time homebuyer responds to a for sale-by-owner yard sign and walks
through a home for sale. The buyer is not sure what recent prices homes in the
neighborhood have been commanding or what is a reasonable offering price. This
situation is BEST described as
C)caveat emptor.
Answers C
An individual who received a four-year degree in real estate from a state university
is NOT exempt from which license requirement?
D)State license exam
Answers D
The rules of the Florida Real Estate Commission are found in
B)Chapter 61J2.
Answers B
A student who fails the sales associate end-of-course exam must wait how long
from the date of the original examination to retest?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller IANWAZASKISTUVIA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.09. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
74735 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now