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FL Real Estate Exam 2024| Questions and 100% Correct Answers
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FL Real Estate Exam 2024| Questions and 100% Correct Answers
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FL Real Estate Exam 2024| Questions and 100%Correct Answers
When the government exercises the power of eminent domain.. - ✔✔The
government determines the value by appraisal
the rental tenant is paid by governemnt called condemnation
Homestead will not protect an owner from eminent domain
When a person dies intestate with no heirs: - ✔✔their real estate passes to the
Florida government through a process called escheat
Actual notice is - ✔✔something you have learned by reading, seeing, or hearing
Ginnie Mae mortgage back securities - ✔✔carry the full faith and credit guarantee of
US. Government
The combining of two or more adjacent properties into one tract to increase the
usability and value of the resulting consolidation is: - ✔✔Assemblage
One advantage of real estate as an investment: - ✔✔it is easy to leverage
Positive leverage occurs: - ✔✔when the benefits from borrowing exceed the costs of
borrowing
Which of the following is an encumbrance? - ✔✔lien
, if a corporation had a blanket mortgage on a property they were developing, they would
need - ✔✔partial release clause
If the title to a property is marketable: - ✔✔there are no title defect
When can a license be suspended immediately? - ✔✔When the secretary of the
DBPR issues an emergency suspension
Jones vs. Meyer is a famous lawsuit that: - ✔✔upheld the Civil Rights Act of 1866
Inheritability in title comes with: - ✔✔tenants in common`
Real Estate Tax Prorations are typically entered as: - ✔✔Credit to Buyer, Debit to
Seller
A tenancy at will: - ✔✔can be terminated by either party giving notice to the other
can be month to month rental agreement and either party can terminate with 15 days
notice
can be written or oral
Which of the following comes from the Florida constitution - ✔✔Homestead rights
Which tax is ad valorem? - ✔✔real estate property tax
When a licensee is given a notice of noncompliance: - ✔✔that licensee has 15 days to
correct a minor infraction
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