Magnolia 25 Important Questions with
Correct Verified Answers. Latest
Edition 2026-2027. Graded A
4.75% - AnsWhat is the effective yield to the lender if the borrower has a
4% interest rate on a loan and buys 6 discount points?
6% - AnsIf a property sold for $497,000 and the sales associate was
entitled to 75% of the commission earned and he/she earned $22,365,
what percentage of commission was the property listed at?
90 acres and 3,920,400 square feet - AnsThe NW 1/4 of the S 1/2 and the
N 1/2 of the S 1/2 of the E 1/4 of the NE 1/4, section 11, township 3 South,
Range 4 East describes a tract of how many acres and how many square
feet?
a. After the licensee completes the required 45-hour post licensing course
before the renewal of his/her first license, he/she will automatically have
his/her license renewed and have another two years in which to complete
the required 14 hours of continuing education. - AnsWhich one of the
following statements is false concerning the required 45-hour post licensing
course?
1
, a. After the licensee completes the required 45-hour post licensing course
before the renewal of his/her first license, he/she will automatically have
his/her license renewed and have another two years in which to complete
the required 14 hours of continuing education.
b. If the licensee does not complete the required 45-hour post license
course, the status of the sales associate license will be null and void. If the
licensee wishes to continue in real estate, he/she will need to requalify.
He/she would again be required to submit fingerprints, an application for a
license, complete the 63 hour pre- license course, and pass the state
exam.
c. Upon completion of the required 45-hour post license course, the
licensee would be required to visit the DBPR website and renew his/her
license and pay the renewal fee before the first expiration of his/her license.
d. If a sales associate does not complete the required 45-hour post license
course and renew his/her license at the DBPR before the first expiration of
his/her license, the license status is null and void.
a. Every section in a township contains 43,560 square feet. - AnsWhich of
the following statements is false concerning legal descriptions?
a. Every section in a township contains 43,560 square feet.
b. The lot and block method of describing property is used in subdivisions
where plat maps have been recorded.
c. The metes and bounds method of describing property uses a point of
beginning and degrees on a compass. With this method, if you are traveling
N 90 degrees east, you are headed east.
2
Correct Verified Answers. Latest
Edition 2026-2027. Graded A
4.75% - AnsWhat is the effective yield to the lender if the borrower has a
4% interest rate on a loan and buys 6 discount points?
6% - AnsIf a property sold for $497,000 and the sales associate was
entitled to 75% of the commission earned and he/she earned $22,365,
what percentage of commission was the property listed at?
90 acres and 3,920,400 square feet - AnsThe NW 1/4 of the S 1/2 and the
N 1/2 of the S 1/2 of the E 1/4 of the NE 1/4, section 11, township 3 South,
Range 4 East describes a tract of how many acres and how many square
feet?
a. After the licensee completes the required 45-hour post licensing course
before the renewal of his/her first license, he/she will automatically have
his/her license renewed and have another two years in which to complete
the required 14 hours of continuing education. - AnsWhich one of the
following statements is false concerning the required 45-hour post licensing
course?
1
, a. After the licensee completes the required 45-hour post licensing course
before the renewal of his/her first license, he/she will automatically have
his/her license renewed and have another two years in which to complete
the required 14 hours of continuing education.
b. If the licensee does not complete the required 45-hour post license
course, the status of the sales associate license will be null and void. If the
licensee wishes to continue in real estate, he/she will need to requalify.
He/she would again be required to submit fingerprints, an application for a
license, complete the 63 hour pre- license course, and pass the state
exam.
c. Upon completion of the required 45-hour post license course, the
licensee would be required to visit the DBPR website and renew his/her
license and pay the renewal fee before the first expiration of his/her license.
d. If a sales associate does not complete the required 45-hour post license
course and renew his/her license at the DBPR before the first expiration of
his/her license, the license status is null and void.
a. Every section in a township contains 43,560 square feet. - AnsWhich of
the following statements is false concerning legal descriptions?
a. Every section in a township contains 43,560 square feet.
b. The lot and block method of describing property is used in subdivisions
where plat maps have been recorded.
c. The metes and bounds method of describing property uses a point of
beginning and degrees on a compass. With this method, if you are traveling
N 90 degrees east, you are headed east.
2
