Exam (elaborations)
Fl Real Estate License Exam 1 2024/2025
- Course
- Institution
Fl Real Estate License Exam 1 2024/2025
[Show more]
Content preview
Fl Real Estate License Exam 1 2024/2025Steve 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 life estate
d. An estate for years - Precise Answer ✔✔B
A property that has been declared as a homestead has which of the
following rights?
a. It is exempt from any foreclosure.
b. It is created in favor of the head of household.
c. Up to 160 acres of a properties located within the municipality is
protected.
d. All of the above - Precise Answer ✔✔B
A lease that has a beginning date, an ending date, and is in writing is
known as a:
,a. Tenancy for years
b. Tenancy in common
c. Tenancy at will
d. Tenancy at sufferance - Precise Answer ✔✔A
Once taxes and debt are discharged, which of the following percentages
of real property would a widow with two children receive after her
husband's death if the property had been owned as tenants by the
entireties?
a. 25%
b. 30%
c. 50%
d. 100% - Precise Answer ✔✔D
Beth and Dick were recently married and purchased a home together. If
Beth owned a home prior to marriage to Dick, Beth's home is:
a. Entirety property
b. Joint property
c. Separate property
d. Common property - Precise Answer ✔✔C
Which is not a private limitation on title?
,a. A mechanic's lien
b. An easement by necessity
c. A deed restriction
d. Real estate taxes - Precise Answer ✔✔D
Which of the following best describes the function of the Marketable
Record Title Act?
a. It provides a satisfaction of mortgage once a debt has been paid in
full.
b. It serves to cure most defects in title that are more than thirty years
old.
c. It is used in the process of eminent domain.
d. It is a police power used by local governments to raise property taxes.
- Precise Answer ✔✔B
The primary purpose of a deed is to:
a. Provide constructive notice
b. Provide collateral for a mortgage
c. Convey title
d. Establish equitable title - Precise Answer ✔✔C
, Which clause of a deed contains the type of estate being conveyed?
a. The habendum clause
b. The testimonium clause
c. The redendum clause
d. The seisen clause - Precise Answer ✔✔A
Which of the following will generally result in a fair market value
compensation following litigation?
a. A suit to quiet title
b. A suit to change zoning
c. A suit for condemnation
d. A suit for the equity of redemption - Precise Answer ✔✔C
A rental property has a tenant with a one year written lease. If the
property is sold before the lease expires, which of the following applies?
a. The lease must be renewed in order to be effective.
b. The lease is binding on the new owner.
c. The lease becomes void automatically.
d. The tenant can remain as a month-to-month tenant only. - Precise
Answer ✔✔B
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YANCHY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78998 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now