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Bob Hogue Chapter 1 UPDATED ACTUAL Exam Questions and CORRECT Answers

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Bob Hogue Chapter 1 UPDATED ACTUAL Exam Questions and CORRECT Answers What is a seller's market? - CORRECT ANSWER Not enough inventory for buyers What must you have in order to collect commission? - CORRECT ANSWER real estate license farm area - CORRECT ANSWER An active One specific portion of a geographic region

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Bob Hogue Chapter 1 UPDATED ACTUAL
Exam Questions and CORRECT Answers
What is a seller's market? - CORRECT ANSWER Not enough inventory for buyers



What must you have in order to collect commission? - CORRECT ANSWER An active
real estate license


farm area - CORRECT ANSWER One specific portion of a geographic region



Name the 5 real estate specialities - CORRECT ANSWER •Residential •Commercial
•Agricultural •Business •Industrial


Name the chronological steps to becoming an active real estate agent - CORRECT
ANSWER 1. 63 hour course
2. Pass end of course exam
3. Pass state exam
4. Register with broker to activate license
5. Pass 45 hour post-license class


What must you do to maintain a real estate license? - CORRECT ANSWER Renew every
2 years, which involves taking 14 hours of C.E. and paying any DBPR fees/dues on their website


Define a follow-up - CORRECT ANSWER This is when you reach out to clients post-
transaction and check in with them. You might ask if they're happy with your work, and whether
they know any prospective buyers or sellers that you might be of service to.


Who owns all of the contracts and agreements of your clients? - CORRECT
ANSWER Your broker

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