Bob Hogue Practice Exam 2024 with Solutions to Questions
4 views 0 purchase
Course
Bob Hogue Sales Associate
Institution
Bob Hogue Sales Associate
Bob Hogue Practice Exam 2024 with
Solutions to Questions
A developer who wants to develop a new subdivision must submit
A)
a subdivision plat map to the planning commission.
B)
a site plan to the zoning board of adjustment.
C)
an existing land-use study to the planning commission.
D)
Bob Hogue Practice Exam 2024 with
Solutions to Questions
A developer who wants to develop a new subdivision must submit
A)
a subdivision plat map to the planning commission.
B)
a site plan to the zoning board of adjustment.
C)
an existing land-use study to the planning commission.
D)
a thoroughfare study to the Department of Transportation. - Ans A)
a subdivision plat map to the planning commission.
Which individual must hold an active real estate license?
A)
A person who sells time-share periods for
customers B)
A person employed by Meadow Hills Cemetery to sell cemetery lots
C)
A salaried employee of an oil company who buys and sells land on behalf of the
company D)
An executor of a will who is selling the real property of a deceased individual - Ans A)
A person who sells time-share periods for customers
,A woman has homesteaded her residence. Her home has an assessed value of $279,000. She
is a nonveteran who is totally and permanently disabled as a result of a serious car accident.
She is also legally blind. What is her cumulative county tax exemption on her homesteaded
residence?
A)
$51,000
B)
$50,500
C)
$55,000
D)
$26,000 - Ans A)
$51,000
homestead over 75k = -50k (does not apply to school board tax rate - only city and county)
disabled nonvet = -500
blind = -500
if she was a totally disabled veteran, she would be 100% exempt /// also disabled
veterans under 100% but over 10% = -5000
if she were a widow that would be another - 500
remember that the "tax exemption" is the exemptions added up, the "taxable value of a home"
is the value minus all the exceptions, and the cost of property taxes is a different calculation all
together involving mills and a separate equation for city/county plus school board (see next
card)
A widow owns a homestead that is assessed for $90,000. The
city tax rate is 7.6 mills; the county rate is 8.2 mills; and the
school board rate is 9.1 mills. What will the owner owe in
property taxes? - Ans City & County Taxes
School Board
$90,000-25,000-500=$64,500
9.1÷1000=.0091
64,500x.0091=$586.95
$624.10+$586.95=$1,211.05
The Florida Real Estate Commission is empowered by law to
A)
impose prison sentences up to 60 days.
B)
fine or otherwise discipline licensees.
C)
levy fines up to, but not exceeding, $500.
D)
assess damages resulting from breach-of-contract suits. - Ans B)
fine or otherwise discipline licensees.
The FREC ordinarily has no authority or jurisdiction over breach-of-contract actions.
Nor are they empowered to levy or impose fines or imprisonment as penalties for
certain crimes
Which statement does NOT describe a planned unit development?
, A)
A variety of types of housing may be used.
B)
The open space areas are maintained by a community association.
C)
Industrial parks are a welcomed offshoot of the PUD concept.
D)
Dwelling units are typically clustered, with planned green space areas between clusters. - Ans C)
Industrial parks are a welcomed offshoot of the PUD concept.
process of elimination - we know a variety of housing types may be used, common areas
are maintained by associations, clusters and green space between clusters - I mean that
option literally doesn't describe a PUD nor is it true.
A real estate brokerage company is a transaction broker for a buyer. The buyer wants to
purchase a new home so the sales associate takes him to three model centers listed by
three competing real estate companies. The sales associate must give a written no
brokerage relationship notice to
A)
no one.
B)
the model home employees at each model center.
C)
the buyer.
D)
the owner-developer of each new homes subdivision. - Ans A)
no one.
no brokerage relationship notices are for nonrepresentation relationships only
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 KenAli. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
