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BOB HOGUE - PRE LIC. TEST QUESTIONS (2024) WITH COMPLETED SOLUTIONS!!
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BOB HOGUE - PRE LIC. TEST QUESTIONS (2024) WITH COMPLETED SOLUTIONS!!
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Name: Score:363 Multiple choice questions
Term 1 of 363
The Sherman Antitrust Law and Florida antitrust laws prohibit which activity?
The buyer and broker negotiating the fee in a buyer brokerage agreement
The seller and broker negotiating the final commission to be paid to the broker
The Association of REALTORS® recommending a standard commission rate based on
surveys of membership
The seller and broker negotiating the commission percentage based on the degree of
services desired by the seller
Term 2 of 363
The cost to duplicate the business structure being appraised having the same use but differing
physically somewhat is known as
replacement cost.
reproduction cost.
benchmarking.
cost analysis.
Term 3 of 363
One person or a group of persons occupying a separate housing space is technically defined as a
family.
household.
multiple ownership unit.
unit.
,Term 4 of 363
Which type of deed provides a new owner with the BEST protections?
Bargain and sale
Special warranty
General warranty
Quitclaim
Term 5 of 363
Which statement is TRUE regarding the Florida Energy Efficiency Rating Act?
If requested in writing, sellers must furnish buyers with an energy efficiency rating for the
structure.
Buyers must be given an information brochure notifying the buyer of the right to conduct
an energy efficiency rating on the structure.
Most lenders require that an energy efficiency rating be conducted before approving a
mortgage loan.
Sellers are required to pay the cost of an energy efficiency rating on all homes built prior to
1978.
Term 6 of 363
What does Florida's Homeowner Association Law require of sellers who own property subject to
a mandatory homeowners' association?
The seller is not required to provide any disclosures to the buyer, provided the information
is available in the public records.
The seller must provide the buyer with copies of property tax records from the past three
years.
The seller must inform the buyer that the buyer will be required to escrow the association
dues.
The seller must provide the buyer with a disclosure summary regarding the association.
,Term 7 of 363
Attorneys who are active members in good standing with The Florida Bar are exempt from which
education requirement?
FREC Course I for sales associates
FREC Course II for brokers
45-hour post-licensing education for sales associates
Sales associate state license exam
Term 8 of 363
A property owner has lived in her home for seven years. This year, the owner refinanced her
mortgage loan in order to reduce her monthly housing expense. The property owner may NOT
deduct which housing expense on her annual federal income tax return?
$3,000 points charged to refinance the mortgage loan
Gloria may deduct all of these expenses
$7,850 property taxes
$11,749 mortgage interest
Term 9 of 363
Which action does NOT terminate a single agent brokerage relationship with the seller?
Bankruptcy of the principal
Death of a seller's broker
Fulfillment of the brokerage relationship's purpose
Withdrawal of an offer to purchase
, Term 10 of 363
You want to replace a ceiling fan, and you have removed the old fixture. The wiring to the old
fixture consists of three wires: a black wire, a white wire, and a green wire. Which wire is the hot
wire?
Gray
White
Green
Black
Term 11 of 363
Residential zoning is designed to regulate
all of these.
frequency.
density.
intensity.
Term 12 of 363
Which criteria below is NOT used to determine whether something is real or personal property?
Intent of the parties
Method of annexation
Relationship of the parties
Cost of the item
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