Bob Hogue UPDATED ACTUAL Exam
Questions and CORRECT Answers
A licensee has passed the broker state exam and desires to continue to operate under a broker
will be registered as a - CORRECT ANSWER - broker associate
Janice has been a neighbor of the Harrisons for more than 10 years. When the Harrisons move
away for 12 months, they asked Janice to rent their home, send them all the bills, and look after
things. The Harrisons sent Janice $25 a month for her efforts. What is true? - CORRECT
ANSWER - She must have a real estate license
United Properties employs Tony to manage and rent their 10 warehouses. For these duties, Tony
is paid an annual salary of $45,000. Is this a legal situation? - CORRECT ANSWER - yes
A computer store owner, who is neither a real estate licensee or an appraiser, was appointed by
the court to appraise another computer store. The person can - CORRECT ANSWER - be
compensated for the appraisal
A sales associate holds a Florida sales associate license. The sales associates spouse in the U.S.
Air Force and is assigned to a military post outside the United States. Which is true? -
CORRECT ANSWER - The sales associate is exempt from all renewal requirements while
sales associates spouse is on active duty and for two years after if the duty is out of state.
Sales Associate went on a 2-week vacation and fails to send off his third 2-year renewal. After
returning home, he realizes that his renewal date has passed. What must he do to renew his
license? - CORRECT ANSWER - Complete 14 hours of continuing education and pay a
late fee.
A sales associates initial license was due for renewal on March 31, 2018. Because the sales
associate was not actively involved in real estate, he decided not to complete any education or
renewal requirements. In January 2019, he gets an offer to work for a real estate brokerage as a
licensee. What must the licensee do to activate his license? - CORRECT ANSWER -
Retake FREC Course I and pass the state exam.
, An active broker in Tampa, moves to Georgia. Which action(s) must the broker do with his real
estate license? - CORRECT ANSWER - Notify DRE of move within 60 days of moving
states
Sales Associate Stan represents the seller of 100 Oak St. as a single agent. After Bobby Buyer
views the Oak St. property, Bobby makes an offer $10,000 below the list price but also tells Stan
that he will pay up to the list price if necessary. Stan must: - CORRECT ANSWER - tell
seller that Bobby said he would pay up to what the list price is
A real estate broker has entered into a single agent relationship with the sellers of a 4 bedroom 2
bath home. One of the associates in the brokers office has found an investor who hires the
brokerage firm as a single agent. For the investor to be shown this seller's home which of the
following apply? - CORRECT ANSWER - Both parties MUST consent to Transition to
Transaction Broker
Sales Associate Wendy Williams is preparing an ad for "Bricks and Boards", a local real estate
magazine. What must be included? - CORRECT ANSWER - Name or brokerage and if
name is included must be last name registered with FREC
A broker is the property manager for several properties that rent for $1,100 per month. The
broker also manages several (which are rented) properties that rent for $975 per month. The
broker advertises the properties that are unavailable which rent for $975 and has a good response
rate. He is usually able to explain the better quality of the $1,100 per month rentals and rents
them quite fast. The broker - CORRECT ANSWER - is guilty of fraudulently advertising
and misleading advertising (2nd degree misdemeanor)
The escrow deposit is received by the sales associate on Thursday. When is the latest the broker
should deposit into the escrow account? - CORRECT ANSWER - Tuesday of next week
A sales associate works for a Broker and receives
an escrow deposit on Tuesday, the sales associate
should - CORRECT ANSWER - deliver to broker immediately
Questions and CORRECT Answers
A licensee has passed the broker state exam and desires to continue to operate under a broker
will be registered as a - CORRECT ANSWER - broker associate
Janice has been a neighbor of the Harrisons for more than 10 years. When the Harrisons move
away for 12 months, they asked Janice to rent their home, send them all the bills, and look after
things. The Harrisons sent Janice $25 a month for her efforts. What is true? - CORRECT
ANSWER - She must have a real estate license
United Properties employs Tony to manage and rent their 10 warehouses. For these duties, Tony
is paid an annual salary of $45,000. Is this a legal situation? - CORRECT ANSWER - yes
A computer store owner, who is neither a real estate licensee or an appraiser, was appointed by
the court to appraise another computer store. The person can - CORRECT ANSWER - be
compensated for the appraisal
A sales associate holds a Florida sales associate license. The sales associates spouse in the U.S.
Air Force and is assigned to a military post outside the United States. Which is true? -
CORRECT ANSWER - The sales associate is exempt from all renewal requirements while
sales associates spouse is on active duty and for two years after if the duty is out of state.
Sales Associate went on a 2-week vacation and fails to send off his third 2-year renewal. After
returning home, he realizes that his renewal date has passed. What must he do to renew his
license? - CORRECT ANSWER - Complete 14 hours of continuing education and pay a
late fee.
A sales associates initial license was due for renewal on March 31, 2018. Because the sales
associate was not actively involved in real estate, he decided not to complete any education or
renewal requirements. In January 2019, he gets an offer to work for a real estate brokerage as a
licensee. What must the licensee do to activate his license? - CORRECT ANSWER -
Retake FREC Course I and pass the state exam.
, An active broker in Tampa, moves to Georgia. Which action(s) must the broker do with his real
estate license? - CORRECT ANSWER - Notify DRE of move within 60 days of moving
states
Sales Associate Stan represents the seller of 100 Oak St. as a single agent. After Bobby Buyer
views the Oak St. property, Bobby makes an offer $10,000 below the list price but also tells Stan
that he will pay up to the list price if necessary. Stan must: - CORRECT ANSWER - tell
seller that Bobby said he would pay up to what the list price is
A real estate broker has entered into a single agent relationship with the sellers of a 4 bedroom 2
bath home. One of the associates in the brokers office has found an investor who hires the
brokerage firm as a single agent. For the investor to be shown this seller's home which of the
following apply? - CORRECT ANSWER - Both parties MUST consent to Transition to
Transaction Broker
Sales Associate Wendy Williams is preparing an ad for "Bricks and Boards", a local real estate
magazine. What must be included? - CORRECT ANSWER - Name or brokerage and if
name is included must be last name registered with FREC
A broker is the property manager for several properties that rent for $1,100 per month. The
broker also manages several (which are rented) properties that rent for $975 per month. The
broker advertises the properties that are unavailable which rent for $975 and has a good response
rate. He is usually able to explain the better quality of the $1,100 per month rentals and rents
them quite fast. The broker - CORRECT ANSWER - is guilty of fraudulently advertising
and misleading advertising (2nd degree misdemeanor)
The escrow deposit is received by the sales associate on Thursday. When is the latest the broker
should deposit into the escrow account? - CORRECT ANSWER - Tuesday of next week
A sales associate works for a Broker and receives
an escrow deposit on Tuesday, the sales associate
should - CORRECT ANSWER - deliver to broker immediately
