45 HOUR POST LICENSE FLORIDA EXAM 3 LATEST
VERSIONS 2024 (VERSION A, B AND C) COMPLETE 300
QUESTIONS ND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A
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? - 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? - 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? -
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? -
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? - ANSWER: Limited listing agreement
Asking a client: "What's the one thing that is keeping you from moving forward?" is
an example of ___. - 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. - 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? - 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? - ANSWER: Estimated Operating Budget
You are working with buyers, Tina and Jeff. You explain to them you will provided
them a list of up to 20 houses that most closely match their wants and needs. They
need to narrow the list down to the top 6. You tell them you will show them 6
different houses. If they buy one of those 6 you will give them $600 out of your
commission. Under RESPA and TILA this is ___. - ANSWER: Okay, if handled correctly
and disclosed to all parties.
Real estate agent Belle was arrested for theft while in California. Which of the
following is true regarding the situation? - ANSWER: Agent Belle would have up to 30
days to report the violation to the DBPR.
A couple is in town on a "buying" trip. You pick out homes listed in the multiple
listing service based on a needs assessment and spend the weekend showing them
houses. One home is of interest to them, yet they leave town without making an
offer. You agree to send them other options by email. The next day they call and ask
you to find answers they now have regarding the home they had seen and favored.
Upon contacting the listing agent, the agent informs you that another real estate
agent has contacted her for the same buyers. However, that agent has not actually
shown them the house. If the buyers purchase the home using the other agent, what
is the likely outcome? - ANSWER: Your broker would pursue payment from the listing
broker siting procuring cause.
Agent Cinderella just got her real estate license but wasn't ready to start working as
an agent yet. Which of the following should she not do? - ANSWER: Don't worry
about the 45-hour post-license course until she starts working.
Agent May wanted to become a broker-associate. Steps to do so include all of the
following except: - ANSWER: *1) Take a 63-hour pre-licensing sales course.*
2) Have completed 2 out of the previous 5 years as an active real estate sales
associate licensee, either within or outside of Florida.
3) Submit an application to the DBPR.
4) Pass the state broker exam.
You are doing a buyer presentation for Connie. You tell her that, "I work for one of
the largest brokerages in town. This means that I have undergone the best training
possible to make sure that I am looking out for your best interests!" This is which
step in the buyer presentation and is also considered? - ANSWER: Step 3; Buyer
Feature Benefits
Which statement is true about prospecting for buyers? - ANSWER: *1) Prospecting
for buyers is easier than prospecting for sellers.*
2) Prospecting for sellers is easier than prospecting for buyers.
3) Prospecting for buyers has a much lower return on output than prospecting for
sellers.
VERSIONS 2024 (VERSION A, B AND C) COMPLETE 300
QUESTIONS ND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A
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? - 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? - 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? -
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? -
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? - ANSWER: Limited listing agreement
Asking a client: "What's the one thing that is keeping you from moving forward?" is
an example of ___. - 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. - 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? - 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? - ANSWER: Estimated Operating Budget
You are working with buyers, Tina and Jeff. You explain to them you will provided
them a list of up to 20 houses that most closely match their wants and needs. They
need to narrow the list down to the top 6. You tell them you will show them 6
different houses. If they buy one of those 6 you will give them $600 out of your
commission. Under RESPA and TILA this is ___. - ANSWER: Okay, if handled correctly
and disclosed to all parties.
Real estate agent Belle was arrested for theft while in California. Which of the
following is true regarding the situation? - ANSWER: Agent Belle would have up to 30
days to report the violation to the DBPR.
A couple is in town on a "buying" trip. You pick out homes listed in the multiple
listing service based on a needs assessment and spend the weekend showing them
houses. One home is of interest to them, yet they leave town without making an
offer. You agree to send them other options by email. The next day they call and ask
you to find answers they now have regarding the home they had seen and favored.
Upon contacting the listing agent, the agent informs you that another real estate
agent has contacted her for the same buyers. However, that agent has not actually
shown them the house. If the buyers purchase the home using the other agent, what
is the likely outcome? - ANSWER: Your broker would pursue payment from the listing
broker siting procuring cause.
Agent Cinderella just got her real estate license but wasn't ready to start working as
an agent yet. Which of the following should she not do? - ANSWER: Don't worry
about the 45-hour post-license course until she starts working.
Agent May wanted to become a broker-associate. Steps to do so include all of the
following except: - ANSWER: *1) Take a 63-hour pre-licensing sales course.*
2) Have completed 2 out of the previous 5 years as an active real estate sales
associate licensee, either within or outside of Florida.
3) Submit an application to the DBPR.
4) Pass the state broker exam.
You are doing a buyer presentation for Connie. You tell her that, "I work for one of
the largest brokerages in town. This means that I have undergone the best training
possible to make sure that I am looking out for your best interests!" This is which
step in the buyer presentation and is also considered? - ANSWER: Step 3; Buyer
Feature Benefits
Which statement is true about prospecting for buyers? - ANSWER: *1) Prospecting
for buyers is easier than prospecting for sellers.*
2) Prospecting for sellers is easier than prospecting for buyers.
3) Prospecting for buyers has a much lower return on output than prospecting for
sellers.
