45 Hour Post Licensing Exam (100% Accurate Answers) /
Latest ( 2024/ 2025) Graded A+
A married couple have prequalified for a $240,000 conventional mortgage. If they put 20%
down, they can buy a house for correct answers $300,000
What facts need not be disclosed in a real estate transaction? correct answers The property was
the site of a homicide.
What is a good graphic to show a seller that there will be more activity if the property is
competitively priced? correct answers The pricing pyramid
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is $18,630.
Prorations for taxes and interest are $5,036. The mortgage payoff is $181,500. What are the
seller's proceeds from the sale? correct answers $100,534
Filing a suit to quiet title is used when correct answers a title defect is found, which is difficult to
remove by ordinary means.
What are the benefits of restrictive covenants? correct answers Maintain and enhance value
What's the downside for a principal who has a single agent? correct answers Responsible for the
single agent's acts
What is the likely cause of a contract for sale of real estate being ruled as unenforceable? correct
answers Unwritten agreement
Aside from a property's location, what is the most important factor that influences market value?
correct answers Highest and best use
The margin is correct answers the percentage added to the index of an adjustable-rate mortgage
that results in the calculated rate.
A home sells for $370,000. The mortgage payoff is $262,500. What is the seller's equity? correct
answers $107,500
How often do mortgage loan originators need to have a criminal background check? correct
answers Every year
A written listing agreement with a self-renewing clause correct answers is void.
When you explain the pricing process during a listing presentation, you would NOT ordinarily
discuss correct answers the process of closing a sale.
, What are the three keys to prospecting success? correct answers Organization, numbers, and
consistency
A sales associate, to test his understanding of what the customer has said, uses words that are
similar, but not exactly the same as the customer's. This is called correct answers paraphrasing.
Which party may pay a licensed personal assistant for selling activities? correct answers It is not
legal to pay a personal assistant—whether licensed or unlicensed—a portion of a real estate
commission.
In a relatively new neighborhood with 524 homes, 72 houses were sold. The turnover index in
this neighborhood is correct answers 13.7% // 7%. 72 houses sold ÷ 524 total homes = .137 or
13.7%
The Florida Realtors®/Florida Bar Residential Contract for Sale and Purchase is best for correct
answers a residential sale.
Sometimes when a buyer is not quite ready and wants to think about it a while longer, the
salesperson should correct answers ask permission to prepare the paperwork as if they were
buying, then go over it.
An exclusive agency listing is used when correct answers an owner lists with a broker on the
basis that if the property is sold by a broker, the broker is entitled to a commission, but if the
owner sells his own property, he owes no commission.
If a selling sales associate attempts to present an offer without the listing agent being present,
correct answers it would likely alienate the seller because the seller has more trust in the listing
sales associate.
A single agent broker must give a brokerage relationship disclosure when a transaction is correct
answers the sale of a duplex.
A woman had a fourth bedroom built onto her house last year that cost $75,000. A recent
appraisal valued the bedroom at $52,000. This demonstrates the principle of correct answers
contribution.
When should the price be covered when presenting an offer? correct answers Last
At what rate do taxpayers pay for short-term capital gains? correct answers The investor's
ordinary income tax rate
A buyer can save money by making at least a 20% down payment because correct answers the
buyer won't have to pay for mortgage insurance.
The total room count in a house would include correct answers bedrooms.
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