Bob hogue Study guides, Class notes & Summaries

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Bob Hogue Practice Exam 9/2024 Questions and Answers

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 --- 2 If a seller provides false information about a property’s condition, the real est...

BOB HOGUE FLORIDA REAL ESTATE FINAL EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS

Absentee Owner - A property holder who does not reside on the property and who usually relies on a property manager to manage the investment. Appraisal - The process of developing and communicating an estimate of a property's Appraiser - Appraisers charge a fee based on the time and difficulty of the appraisal assignment and are not paid commission. Broker Price Opinion (BPO) - A broker's written opinion of the value of a particular property that may not be used in connection with the or...

BOB HOGUE SALES ASSOCIATE EXAM REVIEW WITH VERIFIED SOLUTIONS What is the “Net Operating Income” (NOI) in real estate? The total income from a property minus the operating expenses. What is a “recourse loan”? A loan where the borrower is personally liable for repayment, even if the collateral is insufficient. What is the role of a “closing agent” in a real estate transaction? To facilitate the closing process by preparing documents, managing funds, and ensuring all...

Bob Hogue Real Estate Questions and Answers Already Passed What is the “fair housing act” designed to prevent in real estate transactions? Discrimination based on race, color, religion, sex, national origin, disability, or familial status. What is a “listing agreement” in real estate? A contract between a property owner and a real estate broker authorizing the broker to find a buyer for the property. What is a “mortgage contingency” in a real estate purchase contrac...

Bob Hogue Final Test Questions with Complete Solutions What is the purpose of an escrow account in real estate transactions? To hold money in trust for parties involved in a transaction Who is responsible for maintaining a sales associate's license status? The sales associate What must a sales associate do when they receive escrow funds? Deliver them to their broker immediately What is the definition of "dual agency"? Representing both the buyer and seller in the same trans...

BOB HOGUE SALES ASSOCIATE EXAM REVIEW EXAM QUESTIONS AND ANSWERS