Bob Hogue - Pre Lic. Test Questions With
Correct Answers
Which statement concerning broker's price opinions (BPOs) is TRUE?
A) The payment for a BPO must be paid to the broker and not directly to the sales associate who
prepared the BPO.
B) A broker's license is required to conduct a BPO.
C) A BPO is also referred to as an appraisal of real property.
D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice (USPAP). -
answer✔✔A
Which document would contain information regarding the architectural design standards that
must be used in a particular subdivision?
A) Zoning code
B) Restrictive covenants
C) Subdivision plat map
D) Building code book - answer✔✔B
Which property is defined as residential real estate under Chapter 475, Florida statutes?
A) Fifty-unit apartment complex
B) Neighborhood grocery store
C) Eight acres of agricultural property
D) Local elementary school - answer✔✔C
A map that indicates the size and location of individual lots, streets, and public utilities within a
new development is called a(n)
A) elevation.
B) architectural drawing.
D) topography map. - answer✔✔C
A couple tours several model homes in a new subdivision. The couple decides to purchase one of
the available lots and have the builder construct one of the model floor plans on the lot. Which
type of construction is this?
A) Modular home
B) Tract home
C) Custom home
D) Contract home - answer✔✔B
In which way does state government influence the real estate business?
A) Identification of coastal regions
B) Property taxation
C) Occupational licensing
D) Zoning - answer✔✔A
What type of license or other credential is required for an individual to engage in the sale,
purchase, or lease of businesses for others?
A) Commercial business license
B) Real estate license
C) Business broker license
D) Member of national association of business brokers - answer✔✔B
Which instrument can be used by a property owner to control how a particular parcel of real
property may be utilized by future property owners?
A) Special exception
B) Zoning code
C) Deed restrictions
D) Restrictive covenants - answer✔✔C
A marketing tool used by real estate licensees in the process of soliciting for listings that is
intended to help sellers determine an asking price is known as a(n)
A) appraisal report.
B) comparative market analysis.
C) appraisal.
D) federally related transaction. - answer✔✔B
A developer transfers to the city privately owned streets in a subdivision with the agreement that
the city will maintain the streets in the future. This process is known as
A) entrepreneurship.
B) eminent domain.
C) dedication.
D) land acquisition. - answer✔✔C
Which property would be defined as agricultural property under Chapter 475 of the Florida
statutes?
A) A farm house and five-acre ranch
B) The sale of a rural grocery store
C) Warehouses for storing agricultural products in an industrial park
D) 15 acres of undeveloped agricultural land - answer✔✔D
The sales associate that worked with the buyer in the transaction sets up an appointment with the
buyers to visit them six weeks after the sale. The sales associate routinely makes a visit after the
title closing to thank the buyers for choosing her real estate company and to extend an offer to
help with the buyers' future real estate needs. What type of service is the sales associate
providing?
A)Delayed customer contact
B)Door-to-door sales
C)Final walk-through and property inspection
D)Follow-up - answer✔✔D
Which individual must hold a Florida real estate license?
A)Individual who sells cemetery lots
B)Individual who rents lots in a mobile home park
C)Salesperson who works for a real estate developer and is paid a salary
D)Lawyer who receives a share of the commission for each transaction resulting from the
referral of a client to a local brokerage office - answer✔✔D
An applicant has been issued a broker's license. The broker licensee does not want to own her
own real estate brokerage business. The licensee went to work selling real estate under another
broker. She is BEST described as a
A)broker.
B)staff worker.
C)broker associate.
D)sales associate. - answer✔✔C
"Nolo contendere" is a term that means
A)no one witnessed the signature.
B)no contest.
C)no compensation is paid for services.
D)property was seized from the owner. - answer✔✔B
Which individual is NOT exempt from holding a Florida real estate license?
A)An individual who appraises railroad property for tax purposes
B)A salaried employee who works as a manager of a condominium complex and rents individual
units for periods of one year or less
C)Certified public account (CPA) who is employed by a real estate corporation and receives a
salary plus bonuses based on real estate transactions
D)A person who sells cemetery lots - answer✔✔C
Attorneys who are active members in good standing with The Florida Bar are exempt from
which education requirement?
A)FREC Course I for sales associates
B)FREC Course II for brokers
C)45-hour post-licensing education for sales associates
D)Sales associate state license exam - answer✔✔A
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 Thebright. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
