Florida real estat - Study guides, Class notes & Summaries

Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024 Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer Which of the following is true about leverage? - ANSWER Leverage is the use of borrowed funds to purchase assets. Which of the following liens would take priority? - ANSWER A property tax lien In which of the following theories of mortgage lending does the borrower not retain ownership of the property during the loan ...

Florida Real Estate STATE exam Questions and Answers 100% Pass The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a...

Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broker in a single agency relationship - Answer- Who is the ...

What has a large tract of land and is designated for unit development rather than for a single use? Correct Answer Planned Unit Developments (PUD) Housing What type of leverage occurs when the rate of return exceeds? Correct Answer Positive Leverage What is the APR when you have 10% Loan + 6 points? Correct Answer APR = 10.75% (Remember Divide 6 by 8 years which gives you .75) Somebody that owns a property until they die is what type of ownership? Correct Answer Life Estate The grant...

One example of a Loan Originator would be a(n) A. family member. B. a real estate agent. C. associate lender. D. seller who finances more than two homes in a two year period. - Answer-D Why does a real estate professional need a license? A. He has specific information to be able to show a house. B. He has specific information to lease a house. C. He has expert information on real estate that an average layperson does not have. D. He does not need a license; he can sell...

Florida Real Estate Final Exam Updated () Questions and Answers 100% Correct

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Florida Real Estate 2024 Questions and Answers 100% Pass Brokers who list and sell smaller businesses are - Correct Answer ️️ -business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a - Correct Answer ️️ -subdivision plat map. Investors who don't live on the properties they own are - Correct Answer ️️ -absentee owners. Real estate specialists who sell properties close to a...