Exam (elaborations)
Bob Hogue - Pre Lic. Test Questions and Answers
- Course
- Institution
Bob Hogue - Pre Lic. Test Questions and Answers
[Show more]
Content preview
Bob Hogue - Pre Lic. Test Questionsand Answers
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). - -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 - -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 - -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. - -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 - -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 - -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?
A) Commercial business license
B) Real estate license
C) Business broker license
D) Member of national association of business brokers - -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 - -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. - -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. - -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 - -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 - -D
-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 - -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. - -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. - -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 - -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 - -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. - -C
-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 - -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. - -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 - -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 - -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 - -C
-What is the percentage passing score on the state license exam?
A) 75
B) 80
C)90
D) 70 - -A
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 Nursephil2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $30.49. 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