1. Bobby is a licensed Florida attorney and a member of the Florida Bar. He is also a part-time property inspector and a loan officer. If Bobby decides to obtain his Florida real estate sales associate's license, why may he be exempt from taking the 63-hour pre-license course?

   • Loan officers are exempt from taking the pre-license course.
   • Members of the Florida Bar are exempt from taking the pre-license course.
   • Bobby will not be exempt from taking the pre-license course.
   • Property inspectors are exempt from taking the pre-license course.

2. Chris was recently hired by a homeowner to sell their single-family home. The homeowner wants to list the property for $649,000; however, Chris strongly believes the current market value is only $620,000. What should Chris present to the homeowner to justify his price?

   • Chris should prepare a property survey.
   • Chris should present print-outs of three similar properties currently on the market.
   • Chris should prepare a comparative market analysis using recently sold properties in the area.
   • Chris should prepare an appraisal.

3. A typical monthly home loan payment includes principal, interest, taxes, and insurance. Why do lenders require borrowers to contribute to their annual property taxes with each monthly loan payment?

   • It allows the borrower to write-off their tax payments when filing their personal income taxes.
   • It allows the borrower to pay less in property taxes each year.
   • It serves as security for the lender. This way the lender ensures the borrower's taxes are paid each year and a tax lien will not be placed on the property.
   • A borrower never pays a portion of their annual taxes as part of their monthly loan payment. Instead, they make a single lump-sum payment each year.

4. Marty is looking to enter into a listing contract with Jane. Jane is negotiating for an Exclusive Agency agreement, while Marty prefers an Exclusive Right to Sell agreement. Why would Marty prefer an Exclusive Right to Sell agreement over an Exclusive Agency agreement?

   • An Exclusive Right to Sell agreement will give Marty the highest commission possible.
   • An Exclusive Right to Sell agreement will give Marty an extra 12 months to sell the property.
   • An Exclusive Right to Sell agreement offers Marty the most protection as he will be entitled to a commission regardless of who finds the buyer.
   • An Exclusive Right to Sell agreement will allow Marty to work less hours on the deal.

5. Eric owns an irregularly shaped lot in a residential neighborhood. The yard and setback requirements outlined in the local zoning laws will not allow him to build a house on the lot. How can a variance help Eric in this situation?

   • By proving hardship, Eric will most likely be granted a waiver on one or more for the yard and setback requirements, which will allow him to build a house on his property.
   • A variance cannot help Eric in this situation.
   • A variance will allow Eric to build a commercial building on his property, which is not subject to any yard and setback requirements.
   • A variance will allow Eric to build an industrial building on his property, which is not subject to any yard and setback requirements.