FL Real Estate Associate Exam Practice Questions/Florida Real Estate Exam Practice Questions 2023/FL Real Estate License Practice Exam 1/Florida Real Estate Exam Practice Exam/Florida RE Exam Practice Q&A/Real Estate Practice Exam Questions And Answers/Re

Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor - Answer- b. ...

Steve deeded to his father a home for as long as his father was alive. One stipulation to the deed was that the property would be passed to the local Youth Center upon the death of Steve's father. What type of estate does the Youth Center have? a. A reversion estate b. A remainder estate c. A ...

Fred wants to live in the guest room of Barney's flagstone townhouse, so Barney verbally agrees to let Fred move in. Evaluate this scenario and choose the response that best explains whether or not a valid contract has been entered into. - Answer- Without consideration, an agreement or contract is ...

c - Answer- Which tax lien is superior? a. Mechanic Lien Jan 2, 2013 b. Housing Lien March 30, 2013 c. Property Tax Lien Jan 1,2013 d. Mortgage Lien September 30, 2013 b - Answer- A landlord has how many days to make a claim on a deposit? a. 15 b. 30 c. 7 d. 3 b - Answer- W...

1. Brokerage definition... - Answer- the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - Answer- schools and cemetary 3. What is an example of functional obsolescence? - Answer- bathroom 4. Principal definition... - Answe...

Pam is a partner in CRL Brokerage. Her liability is limited to the amount of money she has invested. What type of partner is Pam? - Answer- Limited - Limited partners' liability is proportionate to the amount of money that partner has invested. Mr. Schroeder installed built-in bookcases that he ...

A sales associate works under - Answer- the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal - Answer- With a flat fee The product/service that all real estate professionals sell is - Answer- their expert knowledge Which area of ...

An individual who acts as an intermediary between potential tenants and the property owner is referred to as __________. - Answer- a rental agent. A broker received a $5,000 deposit from a buyer on Tuesday at 1:00 pm. The seller will not be available until Monday. The broker's normal banking day...

Which remedies are available when a seller breaches a contract? a. A suit for specific performance b. Buyer gets deposit returned c. A or b but not both d. Notifying FREC - Answer- c. A or b but not both What term refers to the right of a mortgagor to stop a foreclosure process by paying t...

FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - Answer- 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party c...

Broker moves office. Must give notice of any sales associates who are no longer employed with the broker of record. What happens to their licenses? - Answer- Involuntary in active status Legal term went to real estate brokers share office space such that the public thinks that a partnership exist...

An individual special district authorized by statute to issue bonds to raise funds to construct infrastructure for a residential development is referred to as a... a) community association b) special tax district c) community development district d) homeowner's association - Answer- c A re...