Bob Hogue Exam

Front 1

Assignment of Mortgage - Mortgagor assigns

Back 1

Mortgage to Mortgagee (Borrower assigns mortgage to lender)

Front 2

Dividing a parcel of land into lots

Back 2

Subdividing

Front 3

If a developer is subdiving lots they must register with

Back 3

HUD

Front 4

DBPR is

Back 4

Deparment of Business and Professional Regulation

Front 5

The DBPR is under which branch of the gov't

Back 5

Executive

Front 6

Intangible tax is based off of what, and how much

Back 6

New amount of mortgage - .002 per dollar - stamp tax

Front 7

Stamp tax on notes

Back 7

Stamps of .35 for each $100 on new and assumed mortgages

Front 8

Stamp tax on Deeds

Back 8

Net sale price - .70 for each $100 on net sale price

Front 9

In order for a deed to be valid

Back 9

signed by grantor and two witnesses

Front 10

If a developer builds 20+ units, what must they give

Back 10

a prospectus

Front 11

Time to cancel a residential condo agreement

Back 11

15 days

Front 12

Scaring people into moving out of a neighborhood

Back 12

blockbusting

Front 13

Steering people towards a neighborhood

Back 13

steering

Front 14

A written contract is enforceable for

Back 14

5 years

Front 15

An oral contract is enforceable for

Back 15

4 years

Front 16

Any compensation earned must be paid by

Back 16

the employing broker

Front 17

On the HUD-1 the purchase price is

Back 17

debited from the buyer and credited to the seller

Front 18

A licensee has how much time to dispute a citation

Back 18

30 days

Front 19

To become a broker

Back 19

A active sales license must be held for the 24 months out of the past 5 years

Front 20

Who is immune to property taxes

Back 20

county, state, and federal buildings

Front 21

Who is exempt from property taxes

Back 21

churches and other non-profits

Front 22

In order for a transfer of property to occur

Back 22

a written and signed agreement must be in place

Front 23

In order to protect a large increase in assessed home value what is in place

Back 23

Save our Home

Front 24

Which type of transaction provides limited confidentiality

Back 24

Transaction Broker

Front 25

Escrow must by deposited by a broker, when?

Back 25

3 business days after it is received by the client

Front 26

When a tenant pays rent and property expenses what type of lease is it

Back 26

Net Lease

Front 27

A National Bank must be a member of the

Back 27

Federal Reserve System

Front 28

If found to be selling a bad rental listing

Back 28

you could be fined $1000 and be issued a 1st degree misdameanor

Front 29

In a real estate adverstisement

Back 29

the last name of the licensee and broker's firm name must be in the ad

Front 30

You can deduct

Back 30

property taxes on your 1st and second home..but cannot do the 3rd.

Front 31

If there is a conflict of demand

Back 31

FREC must be notified within 15 business days, and settlement must occur within 30 days.

Front 32

At a T-intersection

Back 32

You must be careful with the placement of windows and door

Front 33

A buyer can request a receipt for the escrow deposit from the title company

Back 33

within 10 days

Front 34

Difference between VA guaranteed and FHA insured

Back 34

VA is guaranteed, and FHA is insured

Front 35

Which part of FS 475 is lien and commercial sales

Back 35

Part 3

Front 36

Which part of FS 475 is lien and commercial leasing

Back 36

Part 4

Front 37

Which deed gaurantees quiet enjoyment

Back 37

General Warranty

Front 38

Profit and Overheard on an ARM

Back 38

Margin or Spead

Front 39

Each discount point increases yield by

Back 39

1/8%

Front 40

Surviving spouse has a property less than 50k value can have how much of a homestead

Back 40

$25k homestead plus $500 surviving spouse discount

Front 41

In order for a licensed personal assistant to get paid

Back 41

the commission must be paid by the broker

Front 42

Make a claim on a security deposit

Back 42

You have 30 days

Front 43

How to determine the value of a business going out of business

Back 43

Liquidation

Front 44

In order to call yourself a realtor

Back 44

you must be a member of the National Association of Realtors

Front 45

A spouse of military personnel with an out of state license can do what

Back 45

get a temporary 6 month license with florida.

Front 46

FREC cannot issues restitutions

Back 46

Only the court can order restitution

Front 47

Minimum time to be a licensed member of the commission

Back 47

2 years

Front 48

Law for agents to give a good faith estimate

Back 48

RESPA

Front 49

Lender have to give APR's because

Back 49

of truth in lending (TILA)

Front 50

If a foreign seller is in the deal

Back 50

the buyer must hold 10% of the proceeds

Front 51

The risk you can insure

Back 51

Static Risk

Front 52

Two tenancies that offer rider survivorship

Back 52

Joint Tenancy and Tenancy by survivorship

Front 53

Rights to underground ---

Back 53

Mineral rights, sub/surface rights

Front 54

If you violate no solicitation list you may be fined

Back 54

$10,000 per call

Front 55

Which roof that has an overhand on all sides

Back 55

Hip Roof

Front 56

If there is a mandatory HOA fee, and fail to give buyer the HOA disclosure, the buyer has how many days to cancel

Back 56

3 days

Front 57

If you buy a co-op, a BLANK gives you the right to occupy

Back 57

proprietary lease

Front 58

The seperation between one land's use, and another land's use is called

Back 58

Buffer Zone

Front 59

1 section equals how many acres

Back 59

640 acres

Front 60

1 acre

Back 60

43,560 sq ft

Front 61

1 mile

Back 61

5280 ft

Front 62

Member of Secondary Market that backs MBS

Back 62

Ginnie Mae

Front 63

Building a home without a buyer is called building a

Back 63

A speculative home build