Final Test Questions (Bob Hogue 2024) Questions With Correct Answers
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Course
BOB HOGUE
Institution
BOB HOGUE
Comparative Market Analysis (CMA) - ANS Marketing tool and may not be referred to or represented as an appraisal
Follow UP - ANS Whats sales associates do for buyers and sellers after the sale
Which is NOT a category of real estate licenses question? These 3 are - ANS ...
Final
Test
Questions
(Bob
Hogue
2024) Comparative
Market
Analysis
(CMA)
-
ANS
Marketing
tool
and
may
not
be
referred
to
or
represented
as
an
appraisal
Follow
UP
-
ANS
Whats
sales
associates
do
for
buyers
and
sellers
after
the
sale
Which
is
NOT
a
category
of
real
estate
licenses
question?
These
3
are
-
ANS
Sales
Associate;
Broker;
Broker
Associate
Which
does
NOT
need
to
be
disclosed
for
Background
Check?
-
ANS
Parking,
Speeding,
inspections,
or
traffic
signal
violations
What
is
required
by
Mutual
Recognition
applicants?
-
ANS
75%
or
higher
required
to
pass
exam
How
long
is
a
license
valid
on
a
real
estate
application?
-
ANS
2
years
Who
is
exempt
from
having
Real
Estate
License?
-
ANS
A
person
who
has
been
given
POA
What
power
does
FREC
have?
(#31)
-
ANS
Quasi-Judical
The
DBPR
may
issue
a
temporary
real
estate
license
to
which?
(#25)
-
ANS
Spouse
of
active
duty
who
transfers
to
Florida
expires
after
6
months
and
is
NOT
Renewable
A
person
who
no
longer
wants
to
engage
in
the
real
estate
business
can
voluntarily
relinquish
or
cancel
the
license,
provided
there
is
no
investigation
or
disciplinary
proceeding
pending
against
the
license
(#79)
-
ANS
True
Statement
Broker
who
qualifies
as
the
broker
for
more
than
one
business
entity?
-
ANS
Multiple
Licenses
How
should
a
buyer
respond
to
a
for-sale-by-owner?
-
ANS
Caveat
Emptor
(
buyer
beware)
How
long
must
Brokers
retain
Disclosure
Documents?
-
ANS
5
years
in
a
secured
location What
happens
in
a
non-residential
real
estate
transaction
where
the
buyer
and
the
seller
each
have
1
million
or
more
in
assets?
-
ANS
The
broker
will
assign
two
sales
associates
in
such
an
arrangement
and
they
are
called
designated
sales
associates
A
brokerage
relationship
b/w
a
principal
(or
a
customer)
and
a
broker
may
be
terminated
by:
(Is
a
NOT
Question
on
Test)
-
ANS
Death
of
a
sellers
broker
or
the
seller
before
the
broker
finds
a
ready,
willing
and
able
buyer.
Death
of
the
buyers
brokers
or
the
buyer
before
the
broker
finds
a
suitable
property
for
the
buyer
Destruction
of
the
property
Bankruptcy
of
the
principal
or
the
customer
What
don't
you
have
to
put
on
an
office
sign?
-
ANS
The
names
of
the
sales
and
brokers
associates
are
not
required
but
the
Trade
name
or
Brokers
name
is
required
Which
of
the
following
is
a
true
statement
about
Florida
Telemarketing?
-
ANS
Violators
may
be
fined
$10,000
per
call
When
a
sales
associate
receives
an
earnest
money
deposit
what
must
he
do?
-
ANS
Give
to
the
broker
w/n
24
hours
and
then
the
Broker
has
3
business
days
to
put
into
an
escrow
account
With
in
how
many
days
must
a
Broker
notify
the
commission
about
an
EDO?
-
ANS
10
business
days
Sale
a
used
condo
give
buyer
the
docs.
After
they
receive
the
docs
how
many
days
do
they
have
to
cancel?
(Test
Question
#61)
-
ANS
Answer
is
2
Days!!
What
is
it
called
when
competing
brokers
conspire
to
establish
the
same
commission?
(#76)
-
ANS
Price
Fixing
Brokers
can
not
pay
an
unlicensed
person
a
commission
but
can
do
what?
(#20)
-
ANS
Can
pay
them
no
more
the
$50
What
does
not
need
to
register
as
an
Real
Estate
Broker?
(#84)
-
ANS
Corporation
Sole
(church)
What
needs
to
be
done
when
filing
a
complaint?
-
ANS
Must
be
in
writing
Must
be
legally
sufficient
FREC
gives
suspension
request
what
is
it
called?
-
ANS
Stay
of
enforcement
Complaint
that
required
refund
of
money.
What
cant
they
do?
-
ANS
FREC
does
not
have
the
authority
to
order
RESTITUTION
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