Bob Hogue Exam 100% Solved
Correct
A licensee has passed the broker state exam and desires to continue to operate under
a broker will be registered as a - 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? - 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? - 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 - 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? - 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? - 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? -
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? - 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: -
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? - 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? - 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 - 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? - Answer- Tuesday of next week
A sales associate works for a Broker and receives
an escrow deposit on Tuesday, the sales associate
should - Answer- deliver to broker immediately
A buyer gives a sales associate an escrow check made payable to him. The sales
associate should - Answer- The licensee should ask the prospective buyer to write a
new check payable to the escrow agent's escrow account. However, if it's not practical
the licensee should immediately endorse the check and include the words, "For Deposit
Only to the (name of the escrow account) and turn it over to the broker.
If an out of date or inaccurate rental list is sold by a licensee, the licensee - Answer- is
guilty of a misdemeanor in the first degree, license must be revoked or suspended,
must refund full amount if requested within 30 days
A NY broker, refers a buyer to a Florida broker. The Florida Broker helps the buyer find
several properties that may be suitable, and the buyer purchases 3 properties for which
the Florida Broker is paid a commission. The Florida Broker pays the NY Broker 25% of
her commission for this referral. Which is most correct? - Answer- this is a legal
arrangement
A Georgia broker has a buyer who wants to buy land in Florida for the construction of
luxury condominiums. The Georgia broker contacts a Florida broker to help find suitable
tracts for this buyer. Together, the brokers work with the buyer and show him 5 separate
tracts. When the buyer purchases a 60 acre tract for $558,000, they evenly divide the
commission. Which is most correct? - Answer- Both brokers have violated F.S. 475 (the
Correct
A licensee has passed the broker state exam and desires to continue to operate under
a broker will be registered as a - 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? - 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? - 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 - 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? - 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? - 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? -
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? - 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: -
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? - 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? - 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 - 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? - Answer- Tuesday of next week
A sales associate works for a Broker and receives
an escrow deposit on Tuesday, the sales associate
should - Answer- deliver to broker immediately
A buyer gives a sales associate an escrow check made payable to him. The sales
associate should - Answer- The licensee should ask the prospective buyer to write a
new check payable to the escrow agent's escrow account. However, if it's not practical
the licensee should immediately endorse the check and include the words, "For Deposit
Only to the (name of the escrow account) and turn it over to the broker.
If an out of date or inaccurate rental list is sold by a licensee, the licensee - Answer- is
guilty of a misdemeanor in the first degree, license must be revoked or suspended,
must refund full amount if requested within 30 days
A NY broker, refers a buyer to a Florida broker. The Florida Broker helps the buyer find
several properties that may be suitable, and the buyer purchases 3 properties for which
the Florida Broker is paid a commission. The Florida Broker pays the NY Broker 25% of
her commission for this referral. Which is most correct? - Answer- this is a legal
arrangement
A Georgia broker has a buyer who wants to buy land in Florida for the construction of
luxury condominiums. The Georgia broker contacts a Florida broker to help find suitable
tracts for this buyer. Together, the brokers work with the buyer and show him 5 separate
tracts. When the buyer purchases a 60 acre tract for $558,000, they evenly divide the
commission. Which is most correct? - Answer- Both brokers have violated F.S. 475 (the
