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Florida Real Estate Exam QUESTION AND ANSWER GRADED A+
A blanket Morgage that allows for the release of a single parcel upon payment of a specified sum contains which clause? 
 
a. defeasance 
b. acceleration 
c. satisfaction 
d. release - ANSWER - d. release 
 
The Federal Housing Administration 
 
a. originates loans 
b. insures loans 
c. guarantees loans 
d. certifies loans - ANSWER - b. insures loans 
 
Construction loans are paid out in 
 
a. full at the begining of construction 
b. equal installments during the construction process 
c. full up...
- Exam (elaborations)
- • 22 pages •
A blanket Morgage that allows for the release of a single parcel upon payment of a specified sum contains which clause? 
 
a. defeasance 
b. acceleration 
c. satisfaction 
d. release - ANSWER - d. release 
 
The Federal Housing Administration 
 
a. originates loans 
b. insures loans 
c. guarantees loans 
d. certifies loans - ANSWER - b. insures loans 
 
Construction loans are paid out in 
 
a. full at the begining of construction 
b. equal installments during the construction process 
c. full up...