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Bob Hogue - Pre Lic. Exam Questions And Correct Answers Already Passed!!

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Bob Hogue - Pre Lic. Exam Questions And Correct Answers Already Passed!! Which statement concerning broker's price opinions (BPOs) is TRUE? A) The payment for a BPO must be paid to the broker and not directly to the sales associate who prepared the BPO. B) A broker's license is required to conduct a BPO. C) A BPO is also referred to as an appraisal of real property. D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice (USPAP). - Answer- A Which document would contain information regarding the architectural design standards that must be used in a particular subdivision? A) Zoning code B) Restrictive covenants C) Subdivision plat map D) Building code book - Answer- B Which property is defined as residential real estate under Chapter 475, Florida statutes? A) Fifty-unit apartment complex B) Neighborhood grocery store C) Eight acres of agricultural property D) Local elementary school - Answer- C A map that indicates the size and location of individual lots, streets, and public utilities within a new development is called a(n) A) elevation. B) architectural drawing. C) subdivision plat map. D) topography map. - Answer- C A couple tours several model homes in a new subdivision. The couple decides to purchase one of the available lots and have the builder construct one of the model floor plans on the lot. Which type of construction is this? A) Modular home B) Tract home C) Custom home D) Contract home - Answer- B In which way does state government influence the real estate business? A) Identification of coastal regions B) Property taxation C) Occupational licensing D) Zoning - Answer- A What type of license or other credential is required for an individual to engage in the sale, purchase, or lease of businesses for others? A) Commercial business license B) Real estate license C) Business broker license D) Member of national association of business brokers - Answer- B Which instrument can be used by a property owner to control how a particular parcel of real property may be utilized by future property owners? A) Special exception B) Zoning code C) Deed restrictions D) Restrictive covenants - Answer- C A marketing tool used by real estate licensees in the process of soliciting for listings that is intended to help sellers determine an asking price is known as a(n) A) appraisal report. B) comparative market analysis. C) appraisal. D) federally related transaction. - Answer- B A developer transfers to the city privately owned streets in a subdivision with the agreement that the city will maintain the streets in the future. This process is known as A) entrepreneurship. B) eminent domain. C) dedication. D) land acquisition. - Answer- C Which property would be defined as agricultural property under Chapter 475 of the Florida statutes? A) A farm house and five-acre ranch B) The sale of a rural grocery store C) Warehouses for storing agricultural products in an industrial park D) 15 acres of undeveloped agricultural land - Answer- D The sales associate that worked with the buyer in the transaction sets up an appointment with the buyers to visit them six weeks after the sale. The sales associate routinely makes a visit after the title closing to thank the buyers for choosing her real estate company and to extend an offer to help with the buyers' future real estate needs. What type of service is the sales associate providing? A)Delayed customer contact B)Door-to-door sales C)Final walk-through and property inspection D)Follow-up - Answer- D Which individual must hold a Florida real estate license? A)Individual who sells cemetery lots B)Individual who rents lots in a mobile home park C)Salesperson who works for a real estate developer and is paid a salary D)Lawyer who receives a share of the commission for each transaction resulting from the referral of a client to a local brokerage office - Answer- D An applicant has been issued a broker's license. The broker licensee does not want to own her own real estate brokerage business. The licensee went to work selling real estate under another broker. She is BEST described as a A)broker. B)staff worker. C)broker associate. D)sales associate. - Answer- C "Nolo contendere" is a term that means A)no one witnessed the signature. B)no contest. C)no compensation is paid for services. D)property was seized from the owner. - Answer- B Which individual is NOT exempt from holding a Florida real estate license? A)An individual who appraises railroad property for tax purposes B)A salaried employee who works as a manager of a condominium complex and rents individual units for periods of one year or less C)Certified public account (CPA) who is employed by a real estate corporation and receives a salary plus bonuses based on real estate transactions D)A person who sells cemetery lots - Answer- C Attorneys who are active members in good standing with The Florida Bar are exempt from which education requirement? A)FREC Course I for sales associates B)FREC Course II for brokers C)45-hour post-licensing education for sales associates D)Sales associate state license exam - Answer- A A first time homebuyer responds to a for sale-by-owner yard sign and walks through a home for sale. The buyer is not sure what recent prices homes in the neighborhood have been commanding or what is a reasonable offering price. This situation is BEST described as A)real estate give and take. B)eminent domain. C)caveat emptor. D)economics. - Answer- C An individual who received a four-year degree in real estate from a state university is NOT exempt from which license requirement? A)FREC Course II for brokers B)Post-license education C)FREC Course I for sales associates D)State license exam - Answer- D The rules of the Florida Real Estate Commission are found in A)Florida Statute 455. B)Chapter 61J2. C)Florida Statute 475. D)Florida Statute 120. - Answer- B A student who fails the sales associate end-of-course exam must wait how long from the date of the original examination to retest? A)30 days B)7 days C)14 days D)24 hours - Answer- A For licensing purposes, a resident of Florida is defined as a person who has resided in Florida for what period of time? A)6 months B)2 years C)4 months D)1 year - Answer- C What is required of all nonresident license applicants? A)Pay an additional out-of-state nonresident license fee B)U.S. citizenship C)Agree to the irrevocable consent to service section on the license application D)Agree to refer all out-of-state clients to an affiliate broker located in the state of Florida - Answer- C What is the percentage passing score on the state license exam? A) 75 B) 80 C)90 D) 70 - Answer- A

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Bob Hogue - Pre Lic.
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Bob Hogue - Pre Lic.

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Bob Hogue - Pre Lic. Exam Questions
And Correct Answers Already
Passed!!
Which statement concerning broker's price opinions (BPOs) is TRUE?
A) The payment for a BPO must be paid to the broker and not directly to the sales
associate who prepared the BPO.
B) A broker's license is required to conduct a BPO.
C) A BPO is also referred to as an appraisal of real property.
D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice
(USPAP). - Answer- A

Which document would contain information regarding the architectural design standards
that must be used in a particular subdivision?
A) Zoning code
B) Restrictive covenants
C) Subdivision plat map
D) Building code book - Answer- B

Which property is defined as residential real estate under Chapter 475, Florida statutes?
A) Fifty-unit apartment complex
B) Neighborhood grocery store
C) Eight acres of agricultural property
D) Local elementary school - Answer- C

A map that indicates the size and location of individual lots, streets, and public utilities
within a new development is called a(n)
A) elevation.
B) architectural drawing.
C) subdivision plat map.
D) topography map. - Answer- C

A couple tours several model homes in a new subdivision. The couple decides to
purchase one of the available lots and have the builder construct one of the model floor
plans on the lot. Which type of construction is this?
A) Modular home
B) Tract home
C) Custom home
D) Contract home - Answer- B

In which way does state government influence the real estate business?
A) Identification of coastal regions
B) Property taxation

,C) Occupational licensing
D) Zoning - Answer- A

What type of license or other credential is required for an individual to engage in the
sale, purchase, or lease of businesses for others?
A) Commercial business license
B) Real estate license
C) Business broker license
D) Member of national association of business brokers - Answer- B

Which instrument can be used by a property owner to control how a particular parcel of
real property may be utilized by future property owners?
A) Special exception
B) Zoning code
C) Deed restrictions
D) Restrictive covenants - Answer- C

A marketing tool used by real estate licensees in the process of soliciting for listings that
is intended to help sellers determine an asking price is known as a(n)
A) appraisal report.
B) comparative market analysis.
C) appraisal.
D) federally related transaction. - Answer- B

A developer transfers to the city privately owned streets in a subdivision with the
agreement that the city will maintain the streets in the future. This process is known as
A) entrepreneurship.
B) eminent domain.
C) dedication.
D) land acquisition. - Answer- C

Which property would be defined as agricultural property under Chapter 475 of the
Florida statutes?
A) A farm house and five-acre ranch
B) The sale of a rural grocery store
C) Warehouses for storing agricultural products in an industrial park
D) 15 acres of undeveloped agricultural land - Answer- D

The sales associate that worked with the buyer in the transaction sets up an
appointment with the buyers to visit them six weeks after the sale. The sales associate
routinely makes a visit after the title closing to thank the buyers for choosing her real
estate company and to extend an offer to help with the buyers' future real estate needs.
What type of service is the sales associate providing?
A)Delayed customer contact
B)Door-to-door sales
C)Final walk-through and property inspection

,D)Follow-up - Answer- D

Which individual must hold a Florida real estate license?
A)Individual who sells cemetery lots
B)Individual who rents lots in a mobile home park
C)Salesperson who works for a real estate developer and is paid a salary
D)Lawyer who receives a share of the commission for each transaction resulting from
the referral of a client to a local brokerage office - Answer- D

An applicant has been issued a broker's license. The broker licensee does not want to
own her own real estate brokerage business. The licensee went to work selling real
estate under another broker. She is BEST described as a
A)broker.
B)staff worker.
C)broker associate.
D)sales associate. - Answer- C

"Nolo contendere" is a term that means
A)no one witnessed the signature.
B)no contest.
C)no compensation is paid for services.
D)property was seized from the owner. - Answer- B

Which individual is NOT exempt from holding a Florida real estate license?
A)An individual who appraises railroad property for tax purposes
B)A salaried employee who works as a manager of a condominium complex and rents
individual units for periods of one year or less
C)Certified public account (CPA) who is employed by a real estate corporation and
receives a salary plus bonuses based on real estate transactions
D)A person who sells cemetery lots - Answer- C

Attorneys who are active members in good standing with The Florida Bar are exempt
from which education requirement?
A)FREC Course I for sales associates
B)FREC Course II for brokers
C)45-hour post-licensing education for sales associates
D)Sales associate state license exam - Answer- A

A first time homebuyer responds to a for sale-by-owner yard sign and walks through a
home for sale. The buyer is not sure what recent prices homes in the neighborhood
have been commanding or what is a reasonable offering price. This situation is BEST
described as
A)real estate give and take.
B)eminent domain.
C)caveat emptor.
D)economics. - Answer- C

, An individual who received a four-year degree in real estate from a state university is
NOT exempt from which license requirement?
A)FREC Course II for brokers
B)Post-license education
C)FREC Course I for sales associates
D)State license exam - Answer- D

The rules of the Florida Real Estate Commission are found in
A)Florida Statute 455.
B)Chapter 61J2.
C)Florida Statute 475.
D)Florida Statute 120. - Answer- B

A student who fails the sales associate end-of-course exam must wait how long from
the date of the original examination to retest?
A)30 days
B)7 days
C)14 days
D)24 hours - Answer- A

For licensing purposes, a resident of Florida is defined as a person who has resided in
Florida for what period of time?
A)6 months
B)2 years
C)4 months
D)1 year - Answer- C

What is required of all nonresident license applicants?
A)Pay an additional out-of-state nonresident license fee
B)U.S. citizenship
C)Agree to the irrevocable consent to service section on the license application
D)Agree to refer all out-of-state clients to an affiliate broker located in the state of
Florida - Answer- C

What is the percentage passing score on the state license exam?
A) 75
B) 80
C)90
D) 70 - Answer- A

A developer of a new residential subdivision hires a sales staff to sell homes. The sales
staff receives a base salary plus 1 percent of the sale price of each home they sell. Are
the people who sell these homes for the developer required to hold real estate licenses?
A) Yes, the sales staff must hold real estate licenses because they are partially
compensated based on actual sales.

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Bob Hogue - Pre Lic.
Course
Bob Hogue - Pre Lic.

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