Bob Hogue - Pre Lic. Test Questions and answers | updated 2024

Bob Hogue - Pre Lic. Test Questions and answers | updated 2024 Which statement concerning broker's price opinions (BPOs) is TRUE? A) The payment for a BPO must be paid to the broker and not directly to the sales associate who prepared the BPO. B) A broker's license is required to conduct a BPO. C) A BPO is also referred to as an appraisal of real property. D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice (USPAP). - A Which document would contain information regarding the architectural design standards that must be used in a particular subdivision? A) Zoning code B) Restrictive covenants C) Subdivision plat map D) Building code book - B Which property is defined as residential real estate under Chapter 475, Florida statutes? A) Fifty-unit apartment complex B) Neighborhood grocery store C) Eight acres of agricultural property D) Local elementary school - C A map that indicates the size and location of individual lots, streets, and public utilities within a new development is called a(n) A) elevation. B) architectural drawing. C) subdivision plat map. D) topography map. - C A couple tours several model homes in a new subdivision. The couple decides to purchase one of the available lots and have the builder construct one of the model floor plans on the lot. Which type of construction is this? A) Modular home B) Tract home C) Custom home D) Contract home - B In which way does state government influence the real estate business? A) Identification of coastal regions B) Property taxation C) Occupational licensing D) Zoning - A What type of license or other credential is required for an individual to engage in the sale, purchase, or lease of businesses for others? A) Commercial business license B) Real estate license C) Business broker license D) Member of national association of business brokers - B Which instrument can be used by a property owner to control how a particular parcel of real property may be utilized by future property owners? A) Special exception B) Zoning code C) Deed restrictions D) Restrictive covenants - C A marketing tool used by real estate licensees in the process of soliciting for listings that is intended to help sellers determine an asking price is known as a(n) A) appraisal report. B) comparative market analysis. C) appraisal. D) federally related transaction. - B A developer transfers to the city privately owned streets in a subdivision with the agreement that the city will maintain the streets in the future. This process is known as A) entrepreneurship. B) eminent domain. C) dedication. D) land acquisition. - C Which property would be defined as agricultural property under Chapter 475 of the Florida statutes? A) A farm house and five-acre ranch B) The sale of a rural grocery store C) W