Bob Hogue - Pre Lic. Test Questions With Correct Answers100%Solved
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BOB HOGUE
Bob Hogue - Pre Lic. Test Questions With Correct Answers100%Solved
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.
B) A broker's license is required to conduct a...
Bob Hogue - Pre Lic. Test Questions
With Correct Answers100%Solved
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.
B) A broker's license is required to conduct a BPO.
C) A BPO is also referred to as an appraisal of real property.
D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice
(USPAP). - correct answer...✔✔A
Which document would contain information regarding the architectural design standards
that must be used in a particular subdivision?
A) Zoning code
B) Restrictive covenants
C) Subdivision plat map
D) Building code book - correct answer...✔✔B
Which property is defined as residential real estate under Chapter 475, Florida statutes?
A) Fifty-unit apartment complex
B) Neighborhood grocery store
C) Eight acres of agricultural property
D) Local elementary school - correct answer...✔✔C
A map that indicates the size and location of individual lots, streets, and public utilities
within a new development is called a(n)
A) elevation.
B) architectural drawing.
C) subdivision plat map.
D) topography map. - correct answer...✔✔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?
A) Modular home
B) Tract home
C) Custom home
D) Contract home - correct answer...✔✔B
In which way does state government influence the real estate business?
A) Identification of coastal regions
B) Property taxation
C) Occupational licensing
D) Zoning - correct answer...✔✔A
AGRADESOLUTIONS
,What type of license or other credential is required for an individual to engage in the
sale, purchase, or lease of businesses for others?
A) Commercial business license
B) Real estate license
C) Business broker license
D) Member of national association of business brokers - correct answer...✔✔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?
A) Special exception
B) Zoning code
C) Deed restrictions
D) Restrictive covenants - correct answer...✔✔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)
A) appraisal report.
B) comparative market analysis.
C) appraisal.
D) federally related transaction. - correct answer...✔✔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
A) entrepreneurship.
B) eminent domain.
C) dedication.
D) land acquisition. - correct answer...✔✔C
Which property would be defined as agricultural property under Chapter 475 of the
Florida statutes?
A) A farm house and five-acre ranch
B) The sale of a rural grocery store
C) Warehouses for storing agricultural products in an industrial park
D) 15 acres of undeveloped agricultural land - correct answer...✔✔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?
A)Delayed customer contact
B)Door-to-door sales
C)Final walk-through and property inspection
D)Follow-up - correct answer...✔✔D
AGRADESOLUTIONS
,Which individual must hold a Florida real estate license?
A)Individual who sells cemetery lots
B)Individual who rents lots in a mobile home park
C)Salesperson who works for a real estate developer and is paid a salary
D)Lawyer who receives a share of the commission for each transaction resulting from
the referral of a client to a local brokerage office - correct answer...✔✔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
A)broker.
B)staff worker.
C)broker associate.
D)sales associate. - correct answer...✔✔C
"Nolo contendere" is a term that means
A)no one witnessed the signature.
B)no contest.
C)no compensation is paid for services.
D)property was seized from the owner. - correct answer...✔✔B
Which individual is NOT exempt from holding a Florida real estate license?
A)An individual who appraises railroad property for tax purposes
B)A salaried employee who works as a manager of a condominium complex and rents
individual units for periods of one year or less
C)Certified public account (CPA) who is employed by a real estate corporation and
receives a salary plus bonuses based on real estate transactions
D)A person who sells cemetery lots - correct answer...✔✔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
B)FREC Course II for brokers
C)45-hour post-licensing education for sales associates
D)Sales associate state license exam - correct answer...✔✔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
A)real estate give and take.
B)eminent domain.
C)caveat emptor.
D)economics. - correct answer...✔✔C
AGRADESOLUTIONS
, An individual who received a four-year degree in real estate from a state university is
NOT exempt from which license requirement?
A)FREC Course II for brokers
B)Post-license education
C)FREC Course I for sales associates
D)State license exam - correct answer...✔✔D
The rules of the Florida Real Estate Commission are found in
A)Florida Statute 455.
B)Chapter 61J2.
C)Florida Statute 475.
D)Florida Statute 120. - correct answer...✔✔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?
A)30 days
B)7 days
C)14 days
D)24 hours - correct answer...✔✔A
For licensing purposes, a resident of Florida is defined as a person who has resided in
Florida for what period of time?
A)6 months
B)2 years
C)4 months
D)1 year - correct answer...✔✔C
What is required of all nonresident license applicants?
A)Pay an additional out-of-state nonresident license fee
B)U.S. citizenship
C)Agree to the irrevocable consent to service section on the license application
D)Agree to refer all out-of-state clients to an affiliate broker located in the state of
Florida - correct answer...✔✔C
What is the percentage passing score on the state license exam?
A) 75
B) 80
C)90
D) 70 - correct answer...✔✔A
A developer of a new residential subdivision hires a sales staff to sell homes. The sales
staff receives a base salary plus 1 percent of the sale price of each home they sell. Are
the people who sell these homes for the developer required to hold real estate licenses?
A) Yes, the sales staff must hold real estate licenses because they are partially
compensated based on actual sales.
AGRADESOLUTIONS
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