45 Hour Post License Final Exam
1. If an appraisal falls brief of the wished cost to shut the deal, one of 4 effects could
result. Which one of the following is NOT one of these 4? – ANS-The supplier would
enhance the promoting price as a way to make up for the shortfall.
2. Which of the subsequent steps might no longer be common to finish a mail away final?
– ANS-the agent could sign up the absent men and women behalf
3. Your buyers' lender tells you that your customer will qualify for a loan up to $359,000.
The lender cautioned you that this changed into based totally on the house no longer
positioned in a flood sector and no more than $one hundred fifty a month in HOA
prices. The customer turned into searching on line and observed a residence placed
in a popular neighborhood. When you pull the listing records you find out that the
house is most effective $336,000 however is in a Flood Zone "A" and HOA fees are
$three hundred a month. Which is the exceptional route of motion to take? – ANS-
Contact the purchaser's lender to study the facts about the assets and schedule a
displaying to coincide right away after the anticipated reaction time from the lender.
4. What is the formulation to calculate how many leads are needed to generate clients? –
ANS-Clients Required ÷ Lead Conversion %
5. Stacey employed a real property licensee to market it a domestic for sale within the
MLS and to deal with the contract. However, the seller deliberate to address their very
own showings and open houses and did now not want to pay the agent for those
offerings. Which type of list agreement might be appropriate? – ANS-Limited list
settlement
6. Asking a consumer: "What's the one factor this is maintaining you from
transferring forward?" is an example of . – ANS-isolate the objection
7. You are working with Alana, a customer, that desires to buy a resale apartment
everywhere on Longboat Key. She has narrowed it down to 2 gadgets in special
apartment tendencies. As the client's agent, you need to make sure she receives
within three days for
whichever rental she enters right into a settlement. – ANS-Most latest 12 months-
cease monetary document, Governance shape
8. A customer received a clear to shut from his lender. Which of the following could NOT
nonetheless want to be completed? – ANS-earnest money deposit
9. Per the statute - while a condominium is bought or re-bought, unique documents
must be furnished from the vendor to the client. The seller of latest condo's must
offer the buyer with five-6 special required files. Re-supplier ought to provide the
client with 7 distinct required documents. Which of the subsequent is most effective
required on new condo sales? – ANS-Estimated Operating Budget
, 10. You are working with customers, Tina and Jeff. You explain to them you will furnished
them a list of up to 20 houses that maximum closely match their wants and needs.
They want to narrow the listing right down to the pinnacle 6. You tell them you will
show them 6 exceptional houses. If they purchase one of those 6 you will provide
them $six hundred out of your commission. Under RESPA and TILA this is .–
ANS-Okay, if treated efficiently and disclosed to all events.
11. Real property agent Belle became arrested for theft whilst in California. Which of the
subsequent is real concerning the situation? – ANS-Agent Belle would have up to 30
days to record the violation to the DBPR.
12. A couple is on the town on a "shopping for" trip. You pick out out homes listed within
the a couple of list carrier based on a wishes evaluation and spend the weekend
showing them houses. One home is of hobby to them, but they go away city with out
making an offer. You agree to ship them different alternatives through e-mail. The
next day they call and ask you to discover solutions they now have regarding the
house they'd visible and favored. Upon contacting the list agent, the agent informs
you that some other actual property agent has contacted her for the same buyers.
However, that agent has no longer clearly proven them the house. If the consumers
buy the home using the opposite agent, what's the in all likelihood outcome? – ANS-
Your broker might pursue price from the listing dealer siting buying motive.
13. Agent Cinderella just got her real estate license however wasn't geared up to begin
working as an agent yet. Which of the subsequent should she now not do? – ANS-
Don't fear about the forty five-hour publish-license direction till she starts running.
14. Agent May wanted to become a broker-companion. Steps to do so consist of all the
following except: - ANS-*1) Take a 63-hour pre-licensing income course.*
15. Have finished 2 out of the previous 5 years as an lively real estate income
accomplice licensee, both inside or out of doors of Florida.
16. Submit an software to the DBPR.
17. Pass the country broking examination.
18. You are doing a consumer presentation for Connie. You tell her that, "I paintings for
one among the biggest brokerages in town. This method that I even have undergone
the nice education possible to make sure that I am looking out on your high-quality
pastimes!" This is which step inside the client presentation and is also taken into
consideration? – ANS-Step 3; Buyer Feature Benefits
19. Which declaration is true approximately prospecting for consumers? - ANS-*1)
Prospecting for consumers is simpler than prospecting for dealers.*
2) Prospecting for sellers is less difficult than prospecting for shoppers.
Three) Prospecting for shoppers has a miles lower go back on output than prospecting for
sellers.
Four) Spending 85% of a while prospecting for sellers will produce as a minimum
eighty five% greater sellers to work with.
20. Which responsibilities are all licensees bound to? - ANS1-) Loyalty
1. If an appraisal falls brief of the wished cost to shut the deal, one of 4 effects could
result. Which one of the following is NOT one of these 4? – ANS-The supplier would
enhance the promoting price as a way to make up for the shortfall.
2. Which of the subsequent steps might no longer be common to finish a mail away final?
– ANS-the agent could sign up the absent men and women behalf
3. Your buyers' lender tells you that your customer will qualify for a loan up to $359,000.
The lender cautioned you that this changed into based totally on the house no longer
positioned in a flood sector and no more than $one hundred fifty a month in HOA
prices. The customer turned into searching on line and observed a residence placed
in a popular neighborhood. When you pull the listing records you find out that the
house is most effective $336,000 however is in a Flood Zone "A" and HOA fees are
$three hundred a month. Which is the exceptional route of motion to take? – ANS-
Contact the purchaser's lender to study the facts about the assets and schedule a
displaying to coincide right away after the anticipated reaction time from the lender.
4. What is the formulation to calculate how many leads are needed to generate clients? –
ANS-Clients Required ÷ Lead Conversion %
5. Stacey employed a real property licensee to market it a domestic for sale within the
MLS and to deal with the contract. However, the seller deliberate to address their very
own showings and open houses and did now not want to pay the agent for those
offerings. Which type of list agreement might be appropriate? – ANS-Limited list
settlement
6. Asking a consumer: "What's the one factor this is maintaining you from
transferring forward?" is an example of . – ANS-isolate the objection
7. You are working with Alana, a customer, that desires to buy a resale apartment
everywhere on Longboat Key. She has narrowed it down to 2 gadgets in special
apartment tendencies. As the client's agent, you need to make sure she receives
within three days for
whichever rental she enters right into a settlement. – ANS-Most latest 12 months-
cease monetary document, Governance shape
8. A customer received a clear to shut from his lender. Which of the following could NOT
nonetheless want to be completed? – ANS-earnest money deposit
9. Per the statute - while a condominium is bought or re-bought, unique documents
must be furnished from the vendor to the client. The seller of latest condo's must
offer the buyer with five-6 special required files. Re-supplier ought to provide the
client with 7 distinct required documents. Which of the subsequent is most effective
required on new condo sales? – ANS-Estimated Operating Budget
, 10. You are working with customers, Tina and Jeff. You explain to them you will furnished
them a list of up to 20 houses that maximum closely match their wants and needs.
They want to narrow the listing right down to the pinnacle 6. You tell them you will
show them 6 exceptional houses. If they purchase one of those 6 you will provide
them $six hundred out of your commission. Under RESPA and TILA this is .–
ANS-Okay, if treated efficiently and disclosed to all events.
11. Real property agent Belle became arrested for theft whilst in California. Which of the
subsequent is real concerning the situation? – ANS-Agent Belle would have up to 30
days to record the violation to the DBPR.
12. A couple is on the town on a "shopping for" trip. You pick out out homes listed within
the a couple of list carrier based on a wishes evaluation and spend the weekend
showing them houses. One home is of hobby to them, but they go away city with out
making an offer. You agree to ship them different alternatives through e-mail. The
next day they call and ask you to discover solutions they now have regarding the
house they'd visible and favored. Upon contacting the list agent, the agent informs
you that some other actual property agent has contacted her for the same buyers.
However, that agent has no longer clearly proven them the house. If the consumers
buy the home using the opposite agent, what's the in all likelihood outcome? – ANS-
Your broker might pursue price from the listing dealer siting buying motive.
13. Agent Cinderella just got her real estate license however wasn't geared up to begin
working as an agent yet. Which of the subsequent should she now not do? – ANS-
Don't fear about the forty five-hour publish-license direction till she starts running.
14. Agent May wanted to become a broker-companion. Steps to do so consist of all the
following except: - ANS-*1) Take a 63-hour pre-licensing income course.*
15. Have finished 2 out of the previous 5 years as an lively real estate income
accomplice licensee, both inside or out of doors of Florida.
16. Submit an software to the DBPR.
17. Pass the country broking examination.
18. You are doing a consumer presentation for Connie. You tell her that, "I paintings for
one among the biggest brokerages in town. This method that I even have undergone
the nice education possible to make sure that I am looking out on your high-quality
pastimes!" This is which step inside the client presentation and is also taken into
consideration? – ANS-Step 3; Buyer Feature Benefits
19. Which declaration is true approximately prospecting for consumers? - ANS-*1)
Prospecting for consumers is simpler than prospecting for dealers.*
2) Prospecting for sellers is less difficult than prospecting for shoppers.
Three) Prospecting for shoppers has a miles lower go back on output than prospecting for
sellers.
Four) Spending 85% of a while prospecting for sellers will produce as a minimum
eighty five% greater sellers to work with.
20. Which responsibilities are all licensees bound to? - ANS1-) Loyalty
