Exam (elaborations)
Bob Hogue Final Test Questions & Answers.
- Course
- Institution
Bob Hogue Final Test Questions & Answers.
[Show more]
Content preview
Bob Hogue Final Test Questions & AnswersComparative Market Analysis (CMA) - ANS-Marketing tool and may not be referred to or
n n n n n n n n n n n n n
represented as an appraisal
n n n n
Follow UP - ANS-Whats sales associates do for buyers and sellers after the sale
n n n n n n n n n n n n n
Which is NOT a category of real estate licenses question? These 3 are - ANS-Sales
n n n n n n n n n n n n n n
Associate; Broker; Broker Associate
n n n n
Which does NOT need to be disclosed for Background Check? - ANS-Parking,
n n n n n n n n n n n
Speeding, inspections, or traffic signal violations
n n n n n n
What is required by Mutual Recognition applicants? - ANS-75% or higher required to
n n n n n n n n n n n n
pass exam
n n
How long is a license valid on a real estate application? - ANS-2 years
n n n n n n n n n n n n n
Who is exempt from having Real Estate License? - ANS-A person who has been given
n n n n n n n n n n n n n n
POA
n
What power does FREC have? (#31) - ANS-Quasi-Judical
n n n n n n n
The DBPR may issue a temporary real estate license to which? (#25) - ANS-Spouse of
n n n n n n n n n n n n n n
active duty who transfers to Florida expires after 6 months and is NOT Renewable
n n n n n n n n n n n n n n
A person who no longer wants to engage in the real estate business can voluntarily
n n n n n n n n n n n n n n
relinquish or cancel the license, provided there is no investigation or disciplinary
n n n n n n n n n n n n
proceeding pending against the license (#79) - ANS-True Statement
n n n n n n n n n
Broker who qualifies as the broker for more than one business entity? - ANS-Multiple
n n n n n n n n n n n n n
Licenses
n
How should a buyer respond to a for-sale-by-owner? - ANS-Caveat Emptor ( buyer
n n n n n n n n n n n n
beware)
n
How long must Brokers retain Disclosure Documents? - ANS-5 years in a secured
n n n n n n n n n n n n
location
n
, What happens in a non-residential real estate transaction where the buyer and the
n n n n n n n n n n n n
seller each have 1 million or more in assets? - ANS-The broker will assign two sales
n n n n n n n n n n n n n n n n
associates in such an arrangement and they are called designated sales associates
n n n n n n n n n n n n
A brokerage relationship b/w a principal (or a customer) and a broker may be
n n n n n n n n n n n n n
terminated by: (Is a NOT Question on Test) - ANS-Death of a sellers broker or the
n n n n n n n n n n n n n n n n
seller before the broker finds a ready, willing and able buyer.
n n n n n n n n n n n
Death of the buyers brokers or the buyer before the broker finds a suitable property for
n n n n n n n n n n n n n n n
the buyer
n n n
Destruction of the property n n n n
Bankruptcy of the principal or the customer n n n n n n
What don't you have to put on an office sign? - ANS-The names of the sales and
n n n n n n n n n n n n n n n n
brokers associates are not required but the Trade name or Brokers name is required
n n n n n n n n n n n n n n
Which of the following is a true statement about Florida Telemarketing? - ANS-Violators
n n n n n n n n n n n n
may be fined $10,000 per call
n n n n n n
When a sales associate receives an earnest money deposit what must he do? - ANS-
n n n n n n n n n n n n n n
Give to the broker w/n 24 hours and then the Broker has 3 business days to put into an
n n n n n n n n n n n n n n n n n n
escrow account
n n
With in how many days must a Broker notify the commission about an EDO? - ANS-10
n n n n n n n n n n n n n n n
business days
n n
Sale a used condo give buyer the docs. After they receive the docs how many days do
n n n n n n n n n n n n n n n n
they have to cancel? (Test Question #61) - ANS-Answer is 2 Days!!
n n n n n n n n n n n n
What is it called when competing brokers conspire to establish the same commission?
n n n n n n n n n n n n
(#76) - ANS-Price Fixing
n n n n
Brokers can not pay an unlicensed person a commission but can do what? (#20) - ANS-
n n n n n n n n n n n n n n n
Can pay them no more the $50
n n n n n n
What does not need to register as an Real Estate Broker? (#84) - ANS-Corporation
n n n n n n n n n n n n n
Sole (church)
n n
What needs to be done when filing a complaint? - ANS-Must be in writing
n n n n n n n n n n n n n n
Must be legally sufficient
n n n
FREC gives suspension request what is it called? - ANS-Stay of enforcement
n n n n n n n n n n n
Complaint that required refund of money. What cant they do? - ANS-FREC does not
n n n n n n n n n n n n n
have the authority to order RESTITUTION
n n n n n n
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 Prose1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75619 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now