Final Test Questions (Bob Hogue UPDATED
ACTUAL Questions and CORRECT
Answers
Comparative Market Analysis (CMA) - CORRECT ANSWER - Marketing tool and may
not be referred to or represented as an appraisal
Follow UP - CORRECT ANSWER - Whats sales associates do for buyers and sellers after
the sale
Which is NOT a category of real estate licenses question? These 3 are - CORRECT
ANSWER - Sales Associate; Broker; Broker Associate
Which does NOT need to be disclosed for Background Check? - CORRECT ANSWER -
Parking, Speeding, inspections, or traffic signal violations
What is required by Mutual Recognition applicants? - CORRECT ANSWER - 75% or
higher required to pass exam
How long is a license valid on a real estate application? - CORRECT ANSWER - 2 years
Who is exempt from having Real Estate License? - CORRECT ANSWER - A person who
has been given POA
What power does FREC have? (#31) - CORRECT ANSWER - Quasi-Judical
The DBPR may issue a temporary real estate license to which? (#25) - CORRECT
ANSWER - Spouse of active duty who transfers to Florida expires after 6 months and is
NOT Renewable
, A person who no longer wants to engage in the real estate business can voluntarily relinquish or
cancel the license, provided there is no investigation or disciplinary proceeding pending against
the license (#79) - CORRECT ANSWER - True Statement
Broker who qualifies as the broker for more than one business entity? - CORRECT
ANSWER - Multiple Licenses
How should a buyer respond to a for-sale-by-owner? - CORRECT ANSWER - Caveat
Emptor ( buyer beware)
How long must Brokers retain Disclosure Documents? - CORRECT ANSWER - 5 years
in a secured location
What happens in a non-residential real estate transaction where the buyer and the seller each
have 1 million or more in assets? - CORRECT ANSWER - The broker will assign two
sales associates in such an arrangement and they are called designated sales associates
A brokerage relationship b/w a principal (or a customer) and a broker may be terminated by: (Is
a NOT Question on Test) - CORRECT ANSWER - Death of a sellers broker or the seller
before the broker finds a ready, willing and able buyer.
Death of the buyers brokers or the buyer before the broker finds a suitable property for the buyer
Destruction of the property
Bankruptcy of the principal or the customer
What don't you have to put on an office sign? - CORRECT ANSWER - The names of the
sales and brokers associates are not required but the Trade name or Brokers name is required
Which of the following is a true statement about Florida Telemarketing? - CORRECT
ANSWER - Violators may be fined $10,000 per call
ACTUAL Questions and CORRECT
Answers
Comparative Market Analysis (CMA) - CORRECT ANSWER - Marketing tool and may
not be referred to or represented as an appraisal
Follow UP - CORRECT ANSWER - Whats sales associates do for buyers and sellers after
the sale
Which is NOT a category of real estate licenses question? These 3 are - CORRECT
ANSWER - Sales Associate; Broker; Broker Associate
Which does NOT need to be disclosed for Background Check? - CORRECT ANSWER -
Parking, Speeding, inspections, or traffic signal violations
What is required by Mutual Recognition applicants? - CORRECT ANSWER - 75% or
higher required to pass exam
How long is a license valid on a real estate application? - CORRECT ANSWER - 2 years
Who is exempt from having Real Estate License? - CORRECT ANSWER - A person who
has been given POA
What power does FREC have? (#31) - CORRECT ANSWER - Quasi-Judical
The DBPR may issue a temporary real estate license to which? (#25) - CORRECT
ANSWER - Spouse of active duty who transfers to Florida expires after 6 months and is
NOT Renewable
, A person who no longer wants to engage in the real estate business can voluntarily relinquish or
cancel the license, provided there is no investigation or disciplinary proceeding pending against
the license (#79) - CORRECT ANSWER - True Statement
Broker who qualifies as the broker for more than one business entity? - CORRECT
ANSWER - Multiple Licenses
How should a buyer respond to a for-sale-by-owner? - CORRECT ANSWER - Caveat
Emptor ( buyer beware)
How long must Brokers retain Disclosure Documents? - CORRECT ANSWER - 5 years
in a secured location
What happens in a non-residential real estate transaction where the buyer and the seller each
have 1 million or more in assets? - CORRECT ANSWER - The broker will assign two
sales associates in such an arrangement and they are called designated sales associates
A brokerage relationship b/w a principal (or a customer) and a broker may be terminated by: (Is
a NOT Question on Test) - CORRECT ANSWER - Death of a sellers broker or the seller
before the broker finds a ready, willing and able buyer.
Death of the buyers brokers or the buyer before the broker finds a suitable property for the buyer
Destruction of the property
Bankruptcy of the principal or the customer
What don't you have to put on an office sign? - CORRECT ANSWER - The names of the
sales and brokers associates are not required but the Trade name or Brokers name is required
Which of the following is a true statement about Florida Telemarketing? - CORRECT
ANSWER - Violators may be fined $10,000 per call
