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Bob Hogue Practice Exam 2024 QUESTIONS & ANSWERS SOLVED 100- CORRECT!!.Bob Hogue Practice Exam 2024 QUESTIONS & ANSWERS SOLVED 100- CORRECT!!.Bob Hogue Practice Exam 2024 QUESTIONS & ANSWERS SOLVED 100- CORRECT!!.Bob Hogue Practice Exam 2024 QUESTIONS & ANSWERS SOLVED 100- CORRECT!!.Bob Hogue Pract...

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  • August 27, 2024
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  • bob hogue practice exam 2024 questions answers

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Bob Hogue Practice Exam 9/2021 QUESTIONS &
ANSWERS SOLVED 100% CORRECT!!




What @.authority @.originates @.from @.the @.U.S. @.Constitution @.and @.relates @.to @.protection @.of
@.health @.and @.welfare @.of @.citizens @.at @.local @.levels?


A)

Situs

B)

Community @.protection @.power

C)

Escheat

D)

Police @.power @.- @.(correct @.answer) @.-D)

Police @.power



Police @.power @.- @.The @.authority @.of @.government @.to @.protect @.the @.property, @.life, @.health,
@.and @.welfare @.of @.its @.citizens.




Situs @.refers @.to @.prospective @.buyers' @.preference @.for @.a @.certain @.area.



Escheat @.provides @.for @.a @.government, @.normally @.a @.state @.government, @.to @.take @.the
@.property @.of @.an @.owner @.who @.dies @.intestate @.and @.who @.has @.no @.known @.heirs @.entitled @.

,to @.receive @.the @.property. @.The @.power @.of @.escheat @.is @.a @.practical @.solution @.to @.ensure
@.that @.property @.is @.always @.owned @.by @.someone.


You @.have @.been @.hired @.to @.appraise @.the @.local @.public @.library @.building. @.The @.approach @.that
@.is @.likely @.to @.be @.the @.MOST @.relevant @.is @.the


A)

comparable @.sales @.approach.

B)

income @.approach.

C)

public @.land @.and @.property @.approach.

D)

cost @.approach. @.- @.(correct @.answer) @.-D)

cost @.approach.



single-family @.homes @./ @.a @.vacant @.lot @.in @.an @.established @.neighborhood @.- @.sales @.comparison
@.approach @.




income-producing @.property @.- @.income @.approach



special-purpose @.properties @.like @.hospitals, @.schools, @.or @.government @.buildings, @.newly
@.constructed @.homes, @.cross-checking @.the @.other @.two @.approaches @.- @.cost @.approach


Three @.claimants @.are @.requesting @.relief @.from @.the @.Real @.Estate @.Recovery @.Fund. @.All @.three
@.claimants @.were @.named @.in @.a @.single @.judgment @.(the @.same @.real @.estate @.transaction).

@.What @.is @.the @.maximum @.payment @.from @.the @.Recovery @.Fund @.for @.this @.claim?


A)

$75,000

B)

$1,000,000

,C)

$150,000

D)

$50,000 @.- @.(correct @.answer) @.-D) @.$50,000

The @.maximum @.payment @.from @.the @.fund @.for @.a @.single @.transaction @.is @.$50,000

T @./ @.F @.- @.Brokers @.and @.sales @.associates @.should @.NOT @.prepare @.deeds, @.mortgages, @.or
@.promissory @.notes. @.- @.(correct @.answer) @.-T @.- @.Unless @.they @.are @.also @.attorneys, @.brokers

@.and @.sales @.associates @.who @.prepare @.such @.legal @.documents @.could @.jeopardize @.their @.real

@.estate @.licenses.


T @./ @.F @.- @.A @.buyer @.brokerage @.agreement @.is @.an @.employment @.contract @.between @.the
@.brokerage @.and @.a @.buyer. @.- @.(correct @.answer) @.-T @.- @.A @.buyer @.brokerage @.agreement @.is

@.an @.employment @.contract @.with @.a @.buyer.


T @./ @.F @.- @.The @.statute @.of @.limitations @.for @.an @.oral @.contract @.is @.five @.years. @.- @.(correct
@.answer) @.-F @.- @.The @.statute @.of @.limitations @.for @.an @.oral @.contract @.is @.four @.years.


T @./ @.F @.- @.Love @.and @.affection @.is @.an @.example @.of @.valuable @.consideration. @.- @.(correct
@.answer) @.-F @.- @.Love @.and @.affection @.is @.an @.example @.of @.good @.consideration @.because @.it

@.cannot @.be @.measured @.in @.terms @.of @.money.


T @./ @.F @.- @.An @.implied @.contract @.is @.one @.in @.which @.some @.or @.all @.of @.the @.obligations @.or
@.conditions @.of @.a @.contract @.are @.NOT @.stated @.expressly. @.- @.(correct @.answer) @.-T @.- @.With

@.an @.implied @.contract, @.the @.obligations @.or @.conditions @.of @.the @.contract @.may @.be

@.reasonably @.implied @.by @.the @.acts @.of @.the @.parties @.or @.by @.the @.nature @.of @.the

@.transaction.


T @./ @.F @.- @.A @.signed @.sale @.contract @.between @.the @.time @.of @.signing @.and @.the @.time @.of
@.title @.closing @.is @.an @.executed @.contract. @.- @.(correct @.answer) @.-F @.- @.A @.sale @.contract

@.between @.the @.time @.of @.signing @.and @.the @.time @.the @.title @.is @.conveyed @.from @.the @.grantor

@.to @.the @.grantee @.is @.an @.executory @.contract.


T @./ @.F @.- @.A @.real @.estate @.contract @.that @.includes @.a @.radon @.gas @.contingency @.is @.a
@.voidable @.contract. @.- @.(correct @.answer) @.-T @.- @.A @.real @.estate @.contract @.that @.includes @.a

@.radon @.contingency @.is @.voidable @.because @.if @.the @.contingency @.is @.not @.satisfied @.and

@.released, @.the @.offer @.and @.acceptance @.element @.of @.an @.enforceable @.contract @.is @.not @.met.


T @./ @.F @.- @.A @.real @.estate @.sale @.contract @.is @.an @.example @.of @.a @.bilateral @.contract. @.- @.
(correct @.answer) @.-T @.- @.A @.bilateral @.contract @.obligates @.both @.parties @.to @.perform @.in
@.accordance @.with @.the @.terms @.of @.the @.contract. @.A @.sale @.contract @.is @.a @.bilateral @.contract

@.because @.both @.the @.seller @.and @.the @.buyer @.are @.obligated @.to @.perform.

, T @./ @.F @.- @.The @.person @.making @.an @.offer @.is @.the @.offeree. @.- @.(correct @.answer) @.-F @.- @.The
@.offeree @.is @.the @.person @.receiving @.the @.offer.


makes @.offer @.- @.offeror

receives @.offer @.- @.offeree

T @./ @.F @.- @.An @.electronic @.signature @.can @.be @.accepted @.as @.part @.of @.a @.real @.estate
@.contract. @.- @.(correct @.answer) @.-T @.- @.Letters @.and @.other @.written @.communications, @.including

@.a @.signature, @.may @.be @.sent @.by @.electronic @.means @.or @.facsimile, @.and @.will @.be @.considered

@.part @.of @.the @.contract.


T @./ @.F @.- @.A @.counteroffer @.will @.extend @.an @.offer. @.- @.(correct @.answer) @.-F @.- @.A
@.counteroffer @.kills @.the @.original @.offer.


The @.original @.law @.requiring @.that @.the @.annual @.percentage @.rate @.(APR) @.be @.disclosed @.to
@.consumers @.was @.the


A)

Florida @."Little @.FTC @.Act."

B)

Equal @.Credit @.Opportunity @.Act.

C)

Truth @.in @.Lending @.Act.

D)

Real @.Estate @.Settlement @.Procedures @.Act. @.- @.(correct @.answer) @.-C. @.Truth @.in @.Lending @.Act @.
(TILA)

Constructive @.notice @.is

A)

notarizing @.a @.conveyance.

B)

information @.advertised @.in @.the @.newspaper.

C)

provided @.by @.recording @.in @.the @.public @.records.

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