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BOB HOGUE SALES ASSOCIATE LICENSE EXAM QUESTIONS AND ANSWERS
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BOB HOGUE SALES ASSOCIATE LICENSE EXAM QUESTIONS AND ANSWERS
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BOB HOGUE SALES ASSOCIATELICENSE EXAM QUESTIONS AND
ANSWERS
FREC - Answer-Florida Real Estate Commission
DBPR - Answer-Department of Business and Professional Regulation
DBPR - Answer-Agency charged w/licensing and regulating business and professionals
in Florida. (Consumer Protection)!!
DBPR=DEPT. Business Professional Regulation - Answer-DBPR is under the Executive
branch of the governor (governed by Chapter 120 F.S).
DBPR - Answer-They investigate consumer complaints, issue subpoenas, desist orders
to unlicensed individuals and issue citations to individuals licensed by DBPR!
Chief Administrator of DBPR - Answer-Is the secretary of the DBPR who is appointed
by the governor (subject to confirmation by state senate).
Division of Professional - Answer-Regulate education courses and license exams (write
state exams)
DRE - Answer-Administrative and ministerial. Admin. and Record keeping for FREC
***Office in Orlando***
DRE appointed by? - Answer-The Director of the DRE is appointed by the secretary of
the DBPR!
Appointment of the director of DRE is subject to approval by? - Answer-Majority vote of
the FREC (Florida RE Commission)
FREC is regulated body charged by? - Answer-Florida Legislature (protecting general
public)
FREC consist of? - Answer-7 members
5 professional licensed members
(4) must be Florida RE Brokers) who must have held active license during 5 yrs
proceeding appointment.
(1)must be broker or sales ass. Who held an active license during 2 yrs of appointment.
, 2 members are consumers unlicensed or pay who have NEVER been RE broker or
Sales Associate.
1 of the 7 MUST be 60 yrs. of age or Older!
Use of the term REALTOR? - Answer-All REALTORS are memebers if NAR (National
Association of REALTORS)
Follow Uo - Answer-What sales associate does for buyers and sellers AFTER the sale.
Active RE Licensee is legally entitled to appraise real property for compensation
concerning NON FEDERALLY related transactions as long as? - Answer-She does
NOT represent herself as State Certified or Licensed Appraiser and Complies with
USPSP (Uniform Standards of Professional Appraisal Practice).
Field of property management has experienced growth and specialization because? -
Answer-Increase in absentee owners!
RE Licensee Must comply with USPAP (Uniform Standards of Professional Appraisal
Practice when conducting? - Answer-Value Estimate APPRAISAL!
Appraisers are paid a fee because? - Answer-To accept compensation based on
appraised value is a Conflict if Interest!
5 Major sales specialties? - Answer-Residential, Commercial, Industrial, Agricultural,
Business!
RE activity devoted to leasing, managing, marketing, and overall maintenance for others
is called? - Answer-Property Management
Custom Homes? - Answer-Construction involves building to buys Specifications!
Dedication - Answer-A Gift if Land by owner to Local Government for Public Use!
Type of license required to sell or lease business opportunities for another person? -
Answer-RE License
Farming - Answer-Selecting a limited geographical area in which a RE Professional
develops Expertise!
Managing property of more than 10 units requires? - Answer-A CAM License
Target Marketing - Answer-Effective advertising involving developing a database of
prospects to direct a specific message.
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