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45 Hour Post License Final Exam Questions & Answers 100% Correct!!
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45 Hour Post License Final Exam Questions & Answers 100% Correct!!
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Name: Score:55 Multiple choice questions
Term 1 of 55
Which of the following is used by lenders when making mortgage loan decisions?
1) The length of the property management contract.
2) The amount of compensation to the property manager.
3) Conditions for when compensation will be collected by the property manager.
4) All of the above.
the agent would sign on the absent persons behalf
Clients Required ÷ Lead Conversion %
1) Credit verification
2) Assets
3) Income
4) All of the above
Definition 2 of 55
1) The buyer can waive the 3 day review period.
2) The seller may cancel the contract or choose to extend the contract by 3 days.
3) The buyer must close by law.
4) The seller must extend the contract date by law because it must be presented 3-business days
before closing.
To advertise an interest rate, what else has to be included in the advertisement?
When a buyer received his loan closing disclosure the day of closing, which is correct?
Which of the following would not cause Agent Nala's license to go null and void?
Per the statute - when a condominium is sold or re-sold, specific documents must be
provided from the seller to the buyer. The seller of new condo's must provide the buyer with
5-6 different required documents. Re-seller must provide the buyer with 7 different
required documents. Which of the following is only required on new condominium sales?
,Term 3 of 55
Communication skills categories include:
4) dancing, singing, playing, and exercising.
1) Listening, verbalizing, writing, and body language.
3) cooking, gardening, painting, and driving.
2) reading, calculating, memorizing, and typing.
Term 4 of 55
Phone prospecting steps include:
1) Asking about 3 specific places the person knows other people.
2) Asking for contact information for referrals.
3) Asking that person to contact the referral first.
4) All of the above.
1) Assistance with price, advertising, providing signage.
2) inclusion in MLS, inclusion on websites, holding open houses.
3) compensation based on which services are chosen by the client
4) Inclusion on websites, use of a lockbox, and appraisal criteria
1) The length of the property management contract.
2) The amount of compensation to the property manager.
3) Conditions for when compensation will be collected by the property manager.
4) All of the above.
1) Assist the buyer with understanding the entire report
2) Guide them through the report to find the items that pose the biggest risk to the property
3) Get ALL the repairs found in the inspection done.
4) Have your buyer prepared to walk away.
, Term 5 of 55
Condominium fees are generally paid ahead. The condo management company can charge the
fees ______.
1) Loyalty
2) Limited confidentiality
3) Obedience
*4) Accounting of all funds.*
1) Annually
2) Quaterly
3) Monthly
4) Any of the above.
1) Credit verification
2) Assets
3) Income
4) All of the above
Agent Belle would have up to 30 days to report the violation to the DBPR.
Term 6 of 55
Agent Cinderella just got her real estate license but wasn't ready to start working as an agent yet.
Which of the following should she not do?
When the party signs and initials the contract.
1) you are liable to your buyer for the loss of the hot tub.
Don't worry about the 90-hour post-license course until she starts working.
Don't worry about the 45-hour post-license course until she starts working.
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