BOB HOGUE REAL ESTATE EXAM
2024/29025 WITH 100% CORRECT
ANSWERS
Requirement that the infrastructure for sanitary sewers, potable water,
and waste treatment facilities be in place before new development is
allowed is the - Precise Answer ✔✔Concurrency Provision
The only active general partner in a real estate brokerage partnership has
his license suspended. All of the licenses of the sales associates in that
brokerage are - Precise Answer ✔✔placed in inactive status
Legal Title always passes from the seller to the buyer - Precise Answer
✔✔When the deed is voluntarily delivered and voluntarily accepted
Which property is neither exempt not immune from ad valorem property
tax? - Precise Answer ✔✔Undeveloped Farmland
Description of A Check - Precise Answer ✔✔A square 24 Miles on each
side created by intersecting guide meridians and correction lines
containing 16 townships
A listing to sell property and obtain a specified amount for the owner-
principle is called - Precise Answer ✔✔Net Listing
, The key difference between police powers and eminent domain is
whether - Precise Answer ✔✔Any compensation was paid to an affected
owner
For real property to be depreciated it must - Precise Answer ✔✔Have
improvements
Special Assessments are - Precise Answer ✔✔used to help pay for some
public improvement that benefits the property.
Mortgage loan payments made in regular installments of interest only
with the full principal amount plus accrued interest paid at one time at
the end of the loan period describes - Precise Answer ✔✔A term
mortgage
A type of deed that contains the words "remise and release" or similar
words is the - Precise Answer ✔✔Quitclaim Deed
One mortgage clause NOT normally found in a VA or FHA mortgage is
the - Precise Answer ✔✔Prepayment Penalty clause
Who is required to obtain a Florida Mortgage Loan originators License?
- Precise Answer ✔✔An agent of a state-regulated mortgage lender who
takes loan application from consumers
2024/29025 WITH 100% CORRECT
ANSWERS
Requirement that the infrastructure for sanitary sewers, potable water,
and waste treatment facilities be in place before new development is
allowed is the - Precise Answer ✔✔Concurrency Provision
The only active general partner in a real estate brokerage partnership has
his license suspended. All of the licenses of the sales associates in that
brokerage are - Precise Answer ✔✔placed in inactive status
Legal Title always passes from the seller to the buyer - Precise Answer
✔✔When the deed is voluntarily delivered and voluntarily accepted
Which property is neither exempt not immune from ad valorem property
tax? - Precise Answer ✔✔Undeveloped Farmland
Description of A Check - Precise Answer ✔✔A square 24 Miles on each
side created by intersecting guide meridians and correction lines
containing 16 townships
A listing to sell property and obtain a specified amount for the owner-
principle is called - Precise Answer ✔✔Net Listing
, The key difference between police powers and eminent domain is
whether - Precise Answer ✔✔Any compensation was paid to an affected
owner
For real property to be depreciated it must - Precise Answer ✔✔Have
improvements
Special Assessments are - Precise Answer ✔✔used to help pay for some
public improvement that benefits the property.
Mortgage loan payments made in regular installments of interest only
with the full principal amount plus accrued interest paid at one time at
the end of the loan period describes - Precise Answer ✔✔A term
mortgage
A type of deed that contains the words "remise and release" or similar
words is the - Precise Answer ✔✔Quitclaim Deed
One mortgage clause NOT normally found in a VA or FHA mortgage is
the - Precise Answer ✔✔Prepayment Penalty clause
Who is required to obtain a Florida Mortgage Loan originators License?
- Precise Answer ✔✔An agent of a state-regulated mortgage lender who
takes loan application from consumers
