Docsity
Log inSign up
Docsity
Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity

Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips
Guidelines and tips
Sell on Docsity
Sell on Docsity
Log inSign up

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search Store documents

The best documents sold by students who completed their studies

Search through all study resources
Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents
download point icon20 Points

For each uploaded document

Answer questions
download point icon5 Points

For each given answer (max 1 per day)

All the ways to get free points
Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

From our blog

Exams and Study
Go to the blog

STATE EXAM FLORIDA REAL ESTATE WITH ANSWERS, Exams of Real Estate Management

Phoenix CollegeReal Estate Management

Florida real estate exam practice 2025 Florida real estate exam questions 2026 Florida real estate test answers Florida real estate practice test real estate exam prep Florida Florida real estate license practice questions practice questions for Florida real estate exam Florida real estate exam 2025 prep Florida real estate sample questions study guide for Florida real estate exam Florida real estate test practice 2026 Florida real estate exam preparation real estate practice exams Florida Florida real estate practice test online Florida real estate study materials Florida real estate questions and answers free Florida real estate practice exam Florida real estate mock test Florida real estate exam review Florida real estate license test questions Florida real estate test 2025 Florida real estate preparation questions 2026 Florida real estate test questions Florida real estate practice questions and answers

Typology: Exams

2024/2025

Available from 12/07/2024

Nursebrahim01
Nursebrahim01 🇺🇸

485 documents

1 / 9

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
STATE EXAM FLORIDA REAL ESTATE
WITH ANSWERS
When money is paid out of the RE recovery fund, on behalf of a
Florida Real Estate - CORRECT ANSWER-the licensee's
license will be automatically suspended, the max. amount that
can be reimbursed is $50,000, the judgement holder cannot be
reimbursed for attorney's fees and court costs
Which of the following is true regarding the Florida RE
commission? - CORRECT ANSWER-Two members do not
have to have a Florida Real Estate license
The Fair Housing Act prohibits discrimination based on -
CORRECT ANSWER-Race, color, religion, national origin, sex,
familial status, handicap
A piece of property that is 400 feet by 325 feet is - CORRECT
ANSWER-3 acres
The truth in lending act - CORRECT ANSWER-gives a
consumer the right to rescind a mortgage secured by his
homestead
Who can renew their initial Florida real estate license without
post license education? - CORRECT ANSWER-A person that
graduated with a university with a 4 year degree in real estate
Which of the following words are synonyms? - CORRECT
ANSWER-vendor-seller
If an adult enters into a contract with a child - CORRECT
ANSWER-this contract can be enforced in a court by the child
pf3
pf4
pf5
pf8
pf9

Partial preview of the text

Download STATE EXAM FLORIDA REAL ESTATE WITH ANSWERS and more Exams Real Estate Management in PDF only on Docsity!

STATE EXAM FLORIDA REAL ESTATE

WITH ANSWERS

When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - CORRECT ANSWER-the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the following is true regarding the Florida RE commission? - CORRECT ANSWER-Two members do not have to have a Florida Real Estate license The Fair Housing Act prohibits discrimination based on - CORRECT ANSWER-Race, color, religion, national origin, sex, familial status, handicap A piece of property that is 400 feet by 325 feet is - CORRECT ANSWER-3 acres The truth in lending act - CORRECT ANSWER-gives a consumer the right to rescind a mortgage secured by his homestead Who can renew their initial Florida real estate license without post license education? - CORRECT ANSWER-A person that graduated with a university with a 4 year degree in real estate Which of the following words are synonyms? - CORRECT ANSWER-vendor-seller If an adult enters into a contract with a child - CORRECT ANSWER-this contract can be enforced in a court by the child

Price Fixing is - CORRECT ANSWER-a violation of Sherman- clayton antitrust law In a joint tenancy - CORRECT ANSWER-has the right of survivorship and owners acquire interest at the same time An expressed contract - CORRECT ANSWER-is unambiguous To become the chairman of the Florida Real Estate Commission - CORRECT ANSWER-a member is elected by his or her peers A florida Real Estate license - CORRECT ANSWER-has an expiration date on it, expires biennially, serves as prima facie evidence that the holder is properly licensed Florida Real estate licensee cannot promise to re-purchase property back in the future unless - CORRECT ANSWER-a guaranteed re-purchae agreement has been approved by the state of florida A florida real estate salesman must turn escrow money over to his broker - CORRECT ANSWER-before the end of the business day following the day he received the money A florida real estate broker can have - CORRECT ANSWER-an interest bearing escrow account Which of the following would a buyer certainly not get at closing

  • CORRECT ANSWER-certificate of title When the gov. exercises the power of eminent domain, which of the following statements is NOT true - CORRECT ANSWER- Homestead will protect a widow from eminent domain

Inheritability in Title comes with - CORRECT ANSWER- Tenants in Common Real Estate Tax Prorations are typically entered as - CORRECT ANSWER-credit to the buyer, credit to the seller A tenancy at will - CORRECT ANSWER-can be terminated by either party giving notice, can be a month to month rental agreements and either party can terminate with 15 days notice to the other party, can be written or oral Which of the following comes from the Florida Constitution - CORRECT ANSWER-Homestead rights Which tax is Ad valorem - CORRECT ANSWER-Real estate property tax When a licensee is given a notice of noncompliance - CORRECT ANSWER-That licensee has 15 days to correct a minor infraction Money will be paid from the Real Estate Recovery Fund when - CORRECT ANSWER-A judge rules against an FREC decision in a court of law A VA loan - CORRECT ANSWER-has no legislated maximum loan amount Disintermediation is - CORRECT ANSWER-when normal people borrow money from sources other than financial institutions The office of Thrift Supervision - CORRECT ANSWER- regulates saving association If a broker takes money for a landlord, she must - CORRECT ANSWER-put the money in her escrow account

If a builder bough a lot for $40,000 and built a h ouse on that lot. It cost him $200,000 to build the house. He hired an appraiser to appraise the house. The appraiser said it is worth $295,000. A young couple offered to buy the house for $280,000 and the builder agreed. - CORRECT ANSWER-The cost of the house is $240 and the value is $ Which of the following does not depreciate? - CORRECT ANSWER-land The Federal Reserve System can increase the money supply by - CORRECT ANSWER-decrease reserve requirements An applicant for mutual recognition - CORRECT ANSWER- must have a real estate license in another state The buyer and the Seller have what kind of relationship? - CORRECT ANSWER-Arm's length Which is not an acceptable method to resolve a disputed escrow deposit? - CORRECT ANSWER-writ of mandamus The minimum escrow deposit is - CORRECT ANSWER-there is no minimum Lead Based Paint - CORRECT ANSWER-causes neurological damages if eaten A florida Real estate license expires in - CORRECT ANSWER- 4 years A broker does not disclose a material fact to his customer - CORRECT ANSWER-this is concealment A real estate purchase and sale contract signed by - CORRECT ANSWER-buyer and seller

who can bid at a foreclosure auction - CORRECT ANSWER- mortgagee, mortgagor, a real estate with an active florida real estate license An outline of the charges against a licensee is called - CORRECT ANSWER-a formal complaint The florida Real estate commission cannot - CORRECT ANSWER-imprison a licensee Where does the money in the Florida Real Estate Recovery Fund come from? - CORRECT ANSWER-the money is collected from licensees The maximum time a florida real estate license can be suspended is - CORRECT ANSWER-10 years The Tax Reform Act of 1997 - CORRECT ANSWER-excludes up to $250,000 of capital gain tax on a sale of a principal residence if you are single Which type of depreciation is curable home with broken a/c over improvement 15 year house with peeling paint - CORRECT ANSWER-a 15 year old house with ugly peeling paint The ration between a property's gross monthly income and its selling price is known as - CORRECT ANSWER-gross RENT multipler The most advantageous type of listing to a real estate licensee is - CORRECT ANSWER-exclusive right of sale Which of the following is tax deductible on your primary residence? - CORRECT ANSWER-mortgage interest

A notice of a pending legal action is - CORRECT ANSWER-a lis-pendens A transaction broker has the duty of - CORRECT ANSWER- skill, care, and diligence A florida real estate license is revoked with prejudice when - CORRECT ANSWER-a license was issued by mistake If a person does not pay their real estate property tax - CORRECT ANSWER-the property will be sold at a tax deed auction A florida real estate agent sold a property on sept 9, 2011. On Oct. 1 2011 that agent's license becomes involuntary inactive. when that transaction closes on Oct. 20, 2011... - CORRECT ANSWER-that agent will be paid Which of the following is a material fact? - CORRECT ANSWER-the roof leaks If a real estate broker advertise a house for $500 down payment - CORRECT ANSWER-this is considered a tiger term and requires the TILA-mandatory verbiage If you buy a residential condo - CORRECT ANSWER-you can rescind your contract within 15 days if you are buying from a developer if you are buying from the 2nd owner you have 3 days to rescind the contract if the condo is new, the purchases must be given a prospectus by the developer The warrant of a seizen in a deed - CORRECT ANSWER-is a promise from the seller to the buyer that the seller really owns the property