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Final Test Questions (Bob Hogue Questions with
Detailed Verified Answers
Comparative Market Analysis (CMA)
Ans: Marketing tool and may not be referred to or represented as an appraisal
Follow UP
Ans: Whats sales associates do for buyers and sellers after the sale
Which is NOT a category of real estate licenses question? These 3 are
Ans: Sales Associate; Broker; Broker Associate
Which does NOT need to be disclosed for Background Check?
Ans: Parking, Speeding, inspections, or traffic signal violations
What is required by Mutual Recognition applicants?
Ans: 75% or higher required to pass exam
How long is a license valid on a real estate application?
Ans: 2 years
Who is exempt from having Real Estate License?
Ans: A person who has been given POA
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What power does FREC have? (#31)
Ans: Quasi-Judical
The DBPR may issue a temporary real estate license to which? (#25)
Ans: 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)
Ans: True Statement
Broker who qualifies as the broker for more than one business entity?
Ans: Multiple Licenses
How should a buyer respond to a for-sale-by-owner?
Ans: Caveat Emptor ( buyer beware)
How long must Brokers retain Disclosure Documents?
Ans: 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?
Ans: The broker will assign two sales associates in such an arrangement and they are
called designated sales associates
© Get it right 2025 Getaway - Stuvia US All rights reserved
Final Test Questions (Bob Hogue Questions with
Detailed Verified Answers
Comparative Market Analysis (CMA)
Ans: Marketing tool and may not be referred to or represented as an appraisal
Follow UP
Ans: Whats sales associates do for buyers and sellers after the sale
Which is NOT a category of real estate licenses question? These 3 are
Ans: Sales Associate; Broker; Broker Associate
Which does NOT need to be disclosed for Background Check?
Ans: Parking, Speeding, inspections, or traffic signal violations
What is required by Mutual Recognition applicants?
Ans: 75% or higher required to pass exam
How long is a license valid on a real estate application?
Ans: 2 years
Who is exempt from having Real Estate License?
Ans: A person who has been given POA
© Get it right 2025 Getaway - Stuvia US All rights reserved
, Click here for more: Scholars nexus
What power does FREC have? (#31)
Ans: Quasi-Judical
The DBPR may issue a temporary real estate license to which? (#25)
Ans: 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)
Ans: True Statement
Broker who qualifies as the broker for more than one business entity?
Ans: Multiple Licenses
How should a buyer respond to a for-sale-by-owner?
Ans: Caveat Emptor ( buyer beware)
How long must Brokers retain Disclosure Documents?
Ans: 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?
Ans: The broker will assign two sales associates in such an arrangement and they are
called designated sales associates
© Get it right 2025 Getaway - Stuvia US All rights reserved
