BOB HOGUE 45 HOUR POST LICENSE
FINAL EXAM 2024/2025
If an appraisal falls short of the needed value to close the deal, one of
four outcomes would result. Which one of the following is NOT one of
those 4? - Precise Answer ✔✔The seller would raise the selling price in
order to make up for the shortfall.
Which of the following steps would not be common to complete a mail
away closing? - Precise Answer ✔✔the agent would sign on the absent
persons behalf
Your buyers' lender tells you that your buyer will qualify for a loan up to
$359,000. The lender advised you that this was based on the house not
located in a flood zone and no more than $150 a month in HOA fees.
The buyer was searching online and found a house located in a popular
neighborhood. When you pull the listing information you discover that
the house is only $336,000 but is in a Flood Zone "A" and HOA fees are
$300 a month. Which is the best course of action to take? - Precise
Answer ✔✔Contact the buyer's lender to review the information about
the property and schedule a showing to coincide immediately after the
expected response time from the lender.
What is the formula to calculate how many leads are needed to generate
clients? - Precise Answer ✔✔Clients Required ÷ Lead Conversion %
, Stacey hired a real estate licensee to advertise a home for sale in the
MLS and to handle the contract. However, the seller planned to handle
their own showings and open houses and did not want to pay the agent
for those services. Which type of listing agreement would be
appropriate? - Precise Answer ✔✔Limited listing agreement
Asking a client: "What's the one thing that is keeping you from moving
forward?" is an example of ___. - Precise Answer ✔✔isolate the
objection
You are working with Alana, a buyer, that wants to purchase a resale
condo anywhere on Longboat Key. She has narrowed it down to 2 units
in different condo developments. As the buyer's agent, you should make
sure she gets ____ within 3 days for whichever condo she enters into a
contract. - Precise Answer ✔✔Most recent year-end financial report,
Governance form
A buyer received a clear to close from his lender. Which of the
following would NOT still need to be completed? - Precise Answer
✔✔earnest money deposit
Per the statute - when a condominium is sold or re-sold, specific
documents must be provided from the seller to the buyer. The seller of
new condo's must provide the buyer with 5-6 different required
documents. Re-seller must provide the buyer with 7 different required
documents. Which of the following is only required on new
condominium sales? - Precise Answer ✔✔Estimated Operating Budget
FINAL EXAM 2024/2025
If an appraisal falls short of the needed value to close the deal, one of
four outcomes would result. Which one of the following is NOT one of
those 4? - Precise Answer ✔✔The seller would raise the selling price in
order to make up for the shortfall.
Which of the following steps would not be common to complete a mail
away closing? - Precise Answer ✔✔the agent would sign on the absent
persons behalf
Your buyers' lender tells you that your buyer will qualify for a loan up to
$359,000. The lender advised you that this was based on the house not
located in a flood zone and no more than $150 a month in HOA fees.
The buyer was searching online and found a house located in a popular
neighborhood. When you pull the listing information you discover that
the house is only $336,000 but is in a Flood Zone "A" and HOA fees are
$300 a month. Which is the best course of action to take? - Precise
Answer ✔✔Contact the buyer's lender to review the information about
the property and schedule a showing to coincide immediately after the
expected response time from the lender.
What is the formula to calculate how many leads are needed to generate
clients? - Precise Answer ✔✔Clients Required ÷ Lead Conversion %
, Stacey hired a real estate licensee to advertise a home for sale in the
MLS and to handle the contract. However, the seller planned to handle
their own showings and open houses and did not want to pay the agent
for those services. Which type of listing agreement would be
appropriate? - Precise Answer ✔✔Limited listing agreement
Asking a client: "What's the one thing that is keeping you from moving
forward?" is an example of ___. - Precise Answer ✔✔isolate the
objection
You are working with Alana, a buyer, that wants to purchase a resale
condo anywhere on Longboat Key. She has narrowed it down to 2 units
in different condo developments. As the buyer's agent, you should make
sure she gets ____ within 3 days for whichever condo she enters into a
contract. - Precise Answer ✔✔Most recent year-end financial report,
Governance form
A buyer received a clear to close from his lender. Which of the
following would NOT still need to be completed? - Precise Answer
✔✔earnest money deposit
Per the statute - when a condominium is sold or re-sold, specific
documents must be provided from the seller to the buyer. The seller of
new condo's must provide the buyer with 5-6 different required
documents. Re-seller must provide the buyer with 7 different required
documents. Which of the following is only required on new
condominium sales? - Precise Answer ✔✔Estimated Operating Budget
