45 Hour Post Licensing Exam 2025|
Actual Questions With Answers
A single agent broker must give a brokerage relationship disclosure when a
transaction is - correct -answer-the sale of a duplex.
A woman had a fourth bedroom built onto her house last year that cost $75,000.
A recent appraisal valued the bedroom at $52,000. This demonstrates the
principle of - correct -answer-contribution.
When should the price be covered when presenting an offer? - correct -answer-
Last
At what rate do taxpayers pay for short-term capital gains? - correct -answer-The
investor's ordinary income tax rate
A buyer can save money by making at least a 20% down payment because -
correct -answer-the buyer won't have to pay for mortgage insurance.
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The total room count in a house would include - correct -answer-bedrooms.
The four basic loan processing procedures are - correct -answer-checking the
borrower's ability to repay, appraising collateral's property value, preparing loan
documents, and checking the title of the collateral.
The three types of operating expenses of an income property are - correct -
answer-reserves for replacements, fixed, and variable.
Which emails are illegal under the CAN-SPAM Act? - correct -answer-Misleading
from and to information in the email
A home is being appraised for a mortgage loan. One of the comparable properties
is smaller than the subject property, and the appraiser estimates the difference to
be $7,800. The appraiser will make - correct -answer-a plus $7,800 adjustment to
the comparable.
Which purchase and sale agreement item supersedes the other? - correct -
answer-Handwritten clause supersedes the printed clause
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Which listings may be entered into the MLS? - correct -answer-Exclusive agency
listings and exclusive right-of-sale listings
Florida law requires brokers to - correct -answer-give sellers the copies of written
listing agreements within 24 hours.
A sales associate is talking with a customer. When the customer crosses his legs,
the associate smiles and crosses his arms. The associate is using a reflecting
method called - correct -answer-matching.
A substantial good-faith deposit and a bank preapproval letter means that the
buyer is - correct -answer-ready, willing, and able.
What are the requirements for persons disturbing lead-based paint in a house? -
correct -answer-The person must be certified and follow specific work
procedures.
Reconciliation is - correct -answer-the resolution of several adjusted values on a
comparative market analysis.