BOB HOGUE EXAM 2 QUESTIONS
WITH VERIFIED ANSWERS ALL
CORRECT
Which statement BEST describes who must be licensed to practice real estate in
Florida?
a. Anyone who performs any of the services of real estate
b. Anyone who performs any of the services of real estate for another
c. Anyone who performs any of the services of real estate for another for compensation
d. Anyone who performs any of the services of real estate for another for compensation,
unless specifically exempted by law - Answer-d. Anyone who performs any of the
services of real estate for another for compensation, unless specifically exempted by
law
Which individual is NOT exempt from licensure under F.S. 475?
a. A salaried employee of a governmental agency who performs real estate services for
the state and does not receive commission
b. Individual dealing in personal property only
c. Individual serving as a personal representative and acting within the statutory limits of
that designated role
d. An employee of a real estate developer who receives a salary plus bonuses based on
sales quotas - Answer-d. An employee of a real estate developer who receives a salary
plus bonuses based on sales quotas
A salaried individual manages a condominium building and rents units for three-month
to sixmonth periods. The manager
a. must be licensed under F.S. 475 because leasing is one of the real estate services.
b. must be licensed under F.S. 475 because she rents condominium units for
compensation.
c. must be licensed by the Division of Condominiums and Time Share Sales.
d. is exempt from licensure under F.S. 475. - Answer-d. is exempt from licensure under
F.S. 475.
A developer purchased a tract of land and subdivided the property into individual lots.
The developer hired his son, who was not licensed to sell the lots. The father agreed to
, pay his son a salary of $200 per week. After two weeks, the son had sold only two lots,
so the father decided to add an incentive. The father promised his son that after every
fifth lot was sold, he would give his son a lot free and clear. After one more week, the
son had sold only one more lot. The son quit his job to go work for another developer
who paid a higher weekly salary. Which statement applies to this arrangement?
a. There is no violation of F.S. 475.
b. The son alone has violated F.S. 475.
c. Only the father has violated F.S. 475.
d. Both the father and the son have violated F.S. 475 - Answer-d. Both the father and
the son have violated F.S. 475
FBI files reveal that six months ago a man worked as a real estate broker in Georgia,
where he was charged with arson related to a large insurance claim. To avoid a long
court fight without pleading guilty, the man agreed to revocation of his real estate
license and entered a plea of nolo contendere. The FREC has just received the man's
application for licensure as a sales associate disclosing the previously stated
information. The application shows that all academic requirements have been met. The
FREC will
a. use its discretion to determine the applicant's qualification for licensure based on the
facts in the criminal background check and an interview with the applicant.
b. approve the application because the applicant was not convicted of a crime.
c. deny the application because the applicant agreed to revocation of the Georgia
license.
d. refer the case to the Florida Department of Justice because of the - Answer-a. use its
discretion to determine the applicant's qualification for licensure based on the facts in
the criminal background check and an interview with the applicant.
A licensed sales associate may operate
a. for any registered broker.
b. for the broker registered as the sales associate's employer.
c. independently if registered with the DBPR.
d. as a broker associate. - Answer-b. for the broker registered as the sales associate's
employer.
A sales associate applicant is NOT required to comply with which requirement?
a. Submit an application fee
b. Be 18 years of age or older
c. Be a bona fide Florida resident
d. Possess a Social Security number - Answer-c. Be a bona fide Florida resident
Which person does NOT meet the experience requirements to obtain a Florida broker's
license?
WITH VERIFIED ANSWERS ALL
CORRECT
Which statement BEST describes who must be licensed to practice real estate in
Florida?
a. Anyone who performs any of the services of real estate
b. Anyone who performs any of the services of real estate for another
c. Anyone who performs any of the services of real estate for another for compensation
d. Anyone who performs any of the services of real estate for another for compensation,
unless specifically exempted by law - Answer-d. Anyone who performs any of the
services of real estate for another for compensation, unless specifically exempted by
law
Which individual is NOT exempt from licensure under F.S. 475?
a. A salaried employee of a governmental agency who performs real estate services for
the state and does not receive commission
b. Individual dealing in personal property only
c. Individual serving as a personal representative and acting within the statutory limits of
that designated role
d. An employee of a real estate developer who receives a salary plus bonuses based on
sales quotas - Answer-d. An employee of a real estate developer who receives a salary
plus bonuses based on sales quotas
A salaried individual manages a condominium building and rents units for three-month
to sixmonth periods. The manager
a. must be licensed under F.S. 475 because leasing is one of the real estate services.
b. must be licensed under F.S. 475 because she rents condominium units for
compensation.
c. must be licensed by the Division of Condominiums and Time Share Sales.
d. is exempt from licensure under F.S. 475. - Answer-d. is exempt from licensure under
F.S. 475.
A developer purchased a tract of land and subdivided the property into individual lots.
The developer hired his son, who was not licensed to sell the lots. The father agreed to
, pay his son a salary of $200 per week. After two weeks, the son had sold only two lots,
so the father decided to add an incentive. The father promised his son that after every
fifth lot was sold, he would give his son a lot free and clear. After one more week, the
son had sold only one more lot. The son quit his job to go work for another developer
who paid a higher weekly salary. Which statement applies to this arrangement?
a. There is no violation of F.S. 475.
b. The son alone has violated F.S. 475.
c. Only the father has violated F.S. 475.
d. Both the father and the son have violated F.S. 475 - Answer-d. Both the father and
the son have violated F.S. 475
FBI files reveal that six months ago a man worked as a real estate broker in Georgia,
where he was charged with arson related to a large insurance claim. To avoid a long
court fight without pleading guilty, the man agreed to revocation of his real estate
license and entered a plea of nolo contendere. The FREC has just received the man's
application for licensure as a sales associate disclosing the previously stated
information. The application shows that all academic requirements have been met. The
FREC will
a. use its discretion to determine the applicant's qualification for licensure based on the
facts in the criminal background check and an interview with the applicant.
b. approve the application because the applicant was not convicted of a crime.
c. deny the application because the applicant agreed to revocation of the Georgia
license.
d. refer the case to the Florida Department of Justice because of the - Answer-a. use its
discretion to determine the applicant's qualification for licensure based on the facts in
the criminal background check and an interview with the applicant.
A licensed sales associate may operate
a. for any registered broker.
b. for the broker registered as the sales associate's employer.
c. independently if registered with the DBPR.
d. as a broker associate. - Answer-b. for the broker registered as the sales associate's
employer.
A sales associate applicant is NOT required to comply with which requirement?
a. Submit an application fee
b. Be 18 years of age or older
c. Be a bona fide Florida resident
d. Possess a Social Security number - Answer-c. Be a bona fide Florida resident
Which person does NOT meet the experience requirements to obtain a Florida broker's
license?
