Florida Real Estate 45 Hour Post License Practice Correct(COMPLETE FULL PACK SOLUTIONS)EXAM BUNDLE

Farming - ANSWER one type or style of property or one particular neighborhood residential transaction - ANSWER *fs 475.278 *improved residential prop of 4 or fewer *unimproved prop intended for 4 units > *agricultural prop of 10 acres> *leases w/ options to purchase all or a portion of ...

Under the Americans with Disabilities Act, there must be at least one accessible parking space for every - ANSWER 25 spaces The accessible parking space should be eight feet wide for a car, with a five-foot access aisle. At least one space must be van accessible (eight feet wide with an eight-foo...

Under the Americans with Disabilities Act, there must be at least one accessible parking space for every - ANSWER 25 spaces The accessible parking space should be eight feet wide for a car, with a five-foot access aisle. At least one space must be van accessible (eight feet wide with an eight-foo...

Learning to complete a listing agreement is called - ANSWER Technical Knowledge Callers on classified advertising usually ask for the... - ANSWER Property Address The major reason listings expire is almost always... - ANSWER Price The percentage added to Adjustable Rate Mortgage is called t...

residential sale is defined as: - ANSWER property with four units or fewer, unimproved residential property intended for use of four units or fewer, or agricultural property of 10 acres or fewer. three types of required residential brokerage notices - ANSWER no brokerage relationship notice si...

If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to comp...

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...

Obligation - ANSWER A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract - ANSWER An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract - ANSW...

T/F: An initial real estate license expires on the first of two dates after 18 months: March 31 or September 30 - ANSWER True T/F: A Sales associate must complete a 60-hour post-licensing course before the first renewal. - ANSWER False; 45-hour post-licensing course T/F: A sales associate in a...

Single agent must disclose single agent and broker disclosure for - ANSWER Residential properties A principal is responsible - ANSWER acts of single agent. The EPA requires contractors who disturb paint in these properties to be - ANSWER certified and follow specific work practices. Under t...

An economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. - ANSWER B) two successive quart...

a licensee must notify the DBPR w/in how many days after changing their employer? - ANSWER 10 days florida statues require that a licensee report to the commission within 30 days after being convicted, found guilty, or entering no contest or guilty to a crime. the penalty resulting from a first v...

Forbearance or Moratorium (to avoid foreclosure) - ANSWER waiver of principal payments (interest Only) Deferred interest (Principal only) Restructure the Mortgage loan - ANSWER involves lowering the interest rates, accruals of interest, or extended maturity date. nonrecourse loan - ANSWER bo...

Farming - ANSWER Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - ANSWER - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property inte...