Bob hogue 2 exam - Study guides, Class notes & Summaries

Bob Hogue 2 EXAM Questions and Answers Already Passed What is the primary purpose of a real estate appraisal? - To estimate the fair market value of a property - To assess the structural integrity of a property - To provide a value estimate for a property based on market conditions and comparable sales - To determine the cost of repairs needed on a property What is a “short sale” in real estate? - A sale where the property is sold quickly at a lower price - A sale where the ...

BOB HOGUE 2 EXAM QUESTIONS AND ANSWERS VERIFIED BY EXPERT | UPDATED

1. A licensed sales associate may operate a. for any registered broker. b. for the broker registered as the sales associate's employer. c. independently if registered with the DBPR. d. as a broker associate. - Answer-b. for the broker registered as the sales associate's employer. 2. A sales associate applicant is NOT required to comply with which requirement? a. Submit an application fee b. Be 18 years of age or older c. Be a bona fide Florida resident d. Possess a Social Security num...

Bob Hogue 2 EXAM (2024) QUESTIONS & ANSWERS SOLVED 100- CORRECT!!.

Bob Hogue 2 EXAM (2024) QUESTIONS & ANSWERS SOLVED 100- CORRECT!Bob Hogue 2 EXAM (2024) QUESTIONS & ANSWERS SOLVED 100- CORRECT!!Bob Hogue 2 EXAM (2024) QUESTIONS & ANSWERS SOLVED 100- CORRECT!!Bob Hogue 2 EXAM (2024) QUESTIONS & ANSWERS SOLVED 100- CORRECT!!Bob Hogue 2 EXAM (2024) QUESTIONS & ANSWERS SOLVED 100- CORRECT!!Bob Hogue 2 EXAM (2024) QUESTIONS & ANSWERS SOLVED 100- CORRECT!!Bob Hogue 2 EXAM (2024) QUESTIONS & ANSWERS SOLVED 100- CORRECT!!Bob Hogue 2 EXAM (2024) QUESTIONS & ANSWERS SO...

BOB HOGUE SALES ASSOCIATE EXAM REVIEW WITH VERIFIED SOLUTIONS What is the “Net Operating Income” (NOI) in real estate? The total income from a property minus the operating expenses. What is a “recourse loan”? A loan where the borrower is personally liable for repayment, even if the collateral is insufficient. What is the role of a “closing agent” in a real estate transaction? To facilitate the closing process by preparing documents, managing funds, and ensuring all...

Bob Hogue Florida Real Estate Final Exam Questions and Answers 100% Pass What must a real estate agent provide to a client before entering into a brokerage relationship? A written disclosure of the nature of the relationship. In Florida, what document must be executed to create an enforceable lease agreement longer than one year? A written lease agreement. What is the main purpose of the "Truth in Lending Act" (TILA)? To ensure that lenders provide borrowers with clear and ...

BOB HOGUE UNIT 2 LICENSE LAW AND QUALIFICATIONS FOR LICENSURE EXAM QUESTIONS WITH COMPLETE ANSWERS

Bob and Mary Smith, a married couple, own a constitutional homestead in both their names. Bob dies testate. Who now owns the homestead? - ANS Mary by right of survivorship What is the broadest private control over a property owner ? - ANS deed restrictions (homeowners association) Susie owns a duplex which is currently rented to two tenants. Susie dies testament. Which is correct? - ANS the lease is binding on the devisee Sandy owns a 1 acre tract of land that is...