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Bob Hogue - Pre Lic. Test Questions and Answers 100% Pass

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Bob Hogue - Pre Lic. Test Questions and Answers 100% Pass What is the required continuing education for a Florida real estate licensee? - 14 hours every two years - 20 hours every year - 30 hours every five years - 10 hours every year --- What is a characteristic of a fiduciary rela...

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  • September 11, 2024
  • 230
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  • Bob Hogue - Pre Lic.
  • Bob Hogue - Pre Lic.
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Bob Hogue - Pre Lic. Test Questions and
Answers 100% Pass

What is the required continuing education for a Florida real estate licensee?


- ✔✔14 hours every two years


- 20 hours every year

- 30 hours every five years

- 10 hours every year




---




What is a characteristic of a fiduciary relationship?

- Casual advice


- ✔✔Loyalty and confidentiality


- Limited representation

- No obligation




---



1

,If a seller provides false information about a property’s condition, the real estate agent may be

guilty of what?

- Misrepresentation


- ✔✔Fraud


- Negligence

- Puffing




---




Which of the following contracts must be in writing to be enforceable?

- A lease agreement for six months


- ✔✔A sales contract for the purchase of real estate


- An oral agreement to sell furniture

- A contract for services




---




What is the definition of a "brokerage relationship disclosure"?



2

,- An agreement to split commissions


- ✔✔A form explaining the agent’s duties to the buyer or seller


- A detailed summary of property values

- A guarantee of a sale




---




What does the term "commingling" mean in real estate?

- Combining personal funds for marketing


- ✔✔Mixing broker’s funds with client’s escrow funds


- Splitting commissions between brokers

- Sharing client information with third parties




---




What must a sales associate do with escrow funds received?

- Deposit them immediately into a personal account


- ✔✔Give them to their broker by the end of the next business day


3

, - Hold onto them until the transaction closes

- Return them to the buyer




---




Which of the following is an example of "dual agency"?

- Representing only the seller


- ✔✔Representing both the buyer and the seller in the same transaction


- Working with two different sellers

- Acting as a transaction broker for both parties




---




How long does a buyer have to cancel a condominium contract after receiving the condo

documents?


- ✔✔3 business days


- 7 days

- 10 days



4

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