BOB HOGUE REAL ESTATE EXAM QUESTIONS & DETAILED ANSWERS
(PERFECTLY VERIFIED) GRADED A+ BRAND NEW VERSION
Requirement that the infrastructure for sanitary sewers, potable water, and waste treatment
facilities be in place before new development is allowed is the - CORRECT 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 - CORRECT ANSWER >>>placed in
inactive status
Legal Title always passes from the seller to the buyer - CORRECT ANSWER >>>When the deed is
voluntarily delivered and voluntarily accepted
Which property is neither exempt not immune from ad valorem property tax? - CORRECT
ANSWER >>>Undeveloped Farmland
Description of A Check - CORRECT 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 -
CORRECT ANSWER >>>Net Listing
The key difference between police powers and eminent domain is whether - CORRECT
ANSWER >>>Any compensation was paid to an affected owner
For real property to be depreciated it must - CORRECT ANSWER >>>Have improvements
1|Page
, Special Assessments are - CORRECT 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 -
CORRECT ANSWER >>>A term mortgage
A type of deed that contains the words "remise and release" or similar words is the - CORRECT
ANSWER >>>Quitclaim Deed
One mortgage clause NOT normally found in a VA or FHA mortgage is the - CORRECT ANSWER
>>>Prepayment Penalty clause
Who is required to obtain a Florida Mortgage Loan originators License? - CORRECT ANSWER
>>>An agent of a state-regulated mortgage lender who takes loan application from consumers
Legal Description used only in developed subdivisions - CORRECT ANSWER >>>Lot and Block
When measuring the square footage of a house an appraiser uses - CORRECT ANSWER
>>>Exterior dimensions
Recorded legal document that gives constructive notice that an action affects title to a parcel of
real property - CORRECT ANSWER >>>Lis Pendens
Lan value is obtained separately when using which approached to estimating value? - CORRECT
ANSWER >>>Cost Approach
Statement that is TRUE regarding PMI - CORRECT ANSWER >>>PMI is required on conventional
mortgage loans with a 90% LTV
2|Page
(PERFECTLY VERIFIED) GRADED A+ BRAND NEW VERSION
Requirement that the infrastructure for sanitary sewers, potable water, and waste treatment
facilities be in place before new development is allowed is the - CORRECT 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 - CORRECT ANSWER >>>placed in
inactive status
Legal Title always passes from the seller to the buyer - CORRECT ANSWER >>>When the deed is
voluntarily delivered and voluntarily accepted
Which property is neither exempt not immune from ad valorem property tax? - CORRECT
ANSWER >>>Undeveloped Farmland
Description of A Check - CORRECT 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 -
CORRECT ANSWER >>>Net Listing
The key difference between police powers and eminent domain is whether - CORRECT
ANSWER >>>Any compensation was paid to an affected owner
For real property to be depreciated it must - CORRECT ANSWER >>>Have improvements
1|Page
, Special Assessments are - CORRECT 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 -
CORRECT ANSWER >>>A term mortgage
A type of deed that contains the words "remise and release" or similar words is the - CORRECT
ANSWER >>>Quitclaim Deed
One mortgage clause NOT normally found in a VA or FHA mortgage is the - CORRECT ANSWER
>>>Prepayment Penalty clause
Who is required to obtain a Florida Mortgage Loan originators License? - CORRECT ANSWER
>>>An agent of a state-regulated mortgage lender who takes loan application from consumers
Legal Description used only in developed subdivisions - CORRECT ANSWER >>>Lot and Block
When measuring the square footage of a house an appraiser uses - CORRECT ANSWER
>>>Exterior dimensions
Recorded legal document that gives constructive notice that an action affects title to a parcel of
real property - CORRECT ANSWER >>>Lis Pendens
Lan value is obtained separately when using which approached to estimating value? - CORRECT
ANSWER >>>Cost Approach
Statement that is TRUE regarding PMI - CORRECT ANSWER >>>PMI is required on conventional
mortgage loans with a 90% LTV
2|Page
