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Florida Real Estate Exam 2024/2025 With Correct Answers
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Florida Real Estate Exam 2024/2025 With Correct Answers
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Florida Real Estate Exam 2024/2025With Correct Answers
When money is paid out of the RE recovery fund, on behalf of a Florida
Real Estate - Precise 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? -
Precise Answer ✔✔Two members do not have to have a Florida Real
Estate license
The Fair Housing Act prohibits discrimination based on - Precise
Answer ✔✔Race, color, religion, national origin, sex, familial status,
handicap
A piece of property that is 400 feet by 325 feet is - Precise Answer ✔✔3
acres
The truth in lending act - Precise 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? - Precise Answer ✔✔A person that graduated with a
university with a 4 year degree in real estate
Which of the following words are synonyms? - Precise Answer
✔✔vendor-seller
If an adult enters into a contract with a child - Precise Answer ✔✔this
contract can be enforced in a court by the child
Price Fixing is - Precise Answer ✔✔a violation of Sherman-clayton
antitrust law
In a joint tenancy - Precise Answer ✔✔has the right of survivorship and
owners acquire interest at the same time
An expressed contract - Precise Answer ✔✔is unambiguous
To become the chairman of the Florida Real Estate Commission -
Precise Answer ✔✔a member is elected by his or her peers
A florida Real Estate license - Precise 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 - Precise 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 - Precise Answer ✔✔before the end of the business day
following the day he received the money
A florida real estate broker can have - Precise Answer ✔✔an interest
bearing escrow account
Which of the following would a buyer certainly not get at closing -
Precise Answer ✔✔certificate of title
When the gov. exercises the power of eminent domain, which of the
following statements is NOT true - Precise Answer ✔✔Homestead will
protect a widow from eminent domain
When a person dies intestate with no heirs - Precise Answer ✔✔Their
Real Estate passes to the Florida gov. through a process called escheat
Actual notice is - Precise Answer ✔✔something you have learned by
reading, seeing, or hearing
Minnie Me mortgage back securities - Precise Answer ✔✔carry the full
faith and credit guarantee of the US gov.
, The combining of two or more adjacent properties into one tract to
increase the usability and value of the resulting consolidation is - Precise
Answer ✔✔Assemblage
One advantage of real estate as an investment is - Precise Answer ✔✔it
is easy to leverage
Positive leverage occurs - Precise Answer ✔✔when the benefits from
borrowing exceed the costs of borrowing
Which of the following is an encumbrance? - Precise Answer ✔✔lien
If a corporation had a blanket mortgage on a property they were
developing they would need - Precise Answer ✔✔partial release clause
If the title to a property is marketable - Precise Answer ✔✔there are no
title defects
When can a license be suspended immediately? - Precise Answer
✔✔When the secretary of the DBPR issues an emergency suspension
Jones Vs. Meyer is a famous lawsuit that - Precise Answer ✔✔upheld
the Civil Rights Act of 1866
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