Aceable Agent FL RE Course 2025/2026
Exam Questions and Answers | A+ Score
Assured
The FREC has 30 days to check for errors and omissions in applications
and notify the applicant about the issue. - 🧠 ANSWER ✔✔Kaitlyn is
applying for her Florida sales associate license. How many days does the
FREC have to notify her of any errors or omissions in her application?
A marketable title is a title that is free from significant encumbrances or
defects (such as liens) that might otherwise prevent a purchaser from
enjoying or eventually selling the property. - 🧠 ANSWER ✔✔Odonis' client
is concerned about the marketability of their title. Odonis advises that if
they want their title to be marketable, they need to focus on clearing up all:
,Common Law - 🧠 ANSWER ✔✔Can be traced back to customs and
precedent established by court decisions over the centuries in England
Alfie bought the home subject to the mortgage. (A property sold subject to
the existing loan retains its original loan. The seller is responsible for
making the payments to the bank, and the buyer makes the payments to
the seller. The seller transfers the title to the buyer, but retains
responsibility for the loan. The bank does not sign off on this agreement —
it is done under the table between the buyer and seller.) Alice is the only
one who assumed the loan. (Assumption is when a buyer takes over a loan
from a seller with the lender's permission. The loan is officially transferred
to the buyer with the title of the property, and the buyer makes the
remainder of the loan payments.) The difference between assuming a
mortgage and buying subject to is that the lender is not aware of Alfie's
subject-to mortgage, and did not approve the transfer. - 🧠 ANSWER
✔✔Which of these situations BEST describes a buyer assuming a
mortgage?
Offering tax preparation services for borrowers is not something lenders do.
Collecting property taxes in an escrow account and paying them for the
borrower ensures that a tax lien won't take priority in case of default. - 🧠
,ANSWER ✔✔What is one way lenders prevent other liens from hopping
ahead of them in the debt priority line?
A thin market indicates that there are few buyers and sellers in an area. An
increase in building permits means that there will be an increase in supply.
- 🧠 ANSWER ✔✔Real estate licensee Jamie discovers that there is an
increase in the number of building permits being issued in her town. What
can she expect will result from this?
Real estate is land and improvements. Real property is land,
improvements, and the bundle of rights. - 🧠 ANSWER ✔✔How is real
estate different from real property?
The use of designated sales associates in a nonresidential in-house
transaction allows a brokerage to offer fiduciary representation to both
sides of the transaction under certain circumstances. One of those
circumstances is that parties to the in-house transaction must sign a
disclosure notice consenting to the use of designated sales associates, and
declaring that they are financially eligible (both parties must have assets of
one million dollars or more). - 🧠 ANSWER ✔✔Why does each party in a
designated sales associate transaction have two disclosures to sign?
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, The fact that there are two parties and in an in-house transaction means
that this must be a nonresidential transaction with designated sales
associates. This is only allowed if the parties have assets equal to or in
excess of one million dollars. - 🧠 ANSWER ✔✔In what kind of in-house
transaction can there be two parties, each with a licensee providing
fiduciary levels of representation? What would that tell you about the assets
held by the two parties?
Use the following formula to calculate the percentage put down on a
property: Down payment ÷ Purchase price = Percentage down. $85,000 ÷
$320,000 = 0.265, or 26.5% - 🧠 ANSWER ✔✔Ozzy bought a house. He put
down $85,000. The purchase price of the house was $320,000. What
percentage did Ozzy put down?
Large residential properties typically require a large amount of hands-on
management and upkeep. The advantage is that the residential property
market is less volatile than commercial markets. - 🧠 ANSWER ✔✔Carmela
is part of an investment group that wants to purchase a property. She's
debating between a large residential development and an office space.
When you're laying out the pros and cons of each kind of property, what is
one advantage of residential property you would share with her?
Exam Questions and Answers | A+ Score
Assured
The FREC has 30 days to check for errors and omissions in applications
and notify the applicant about the issue. - 🧠 ANSWER ✔✔Kaitlyn is
applying for her Florida sales associate license. How many days does the
FREC have to notify her of any errors or omissions in her application?
A marketable title is a title that is free from significant encumbrances or
defects (such as liens) that might otherwise prevent a purchaser from
enjoying or eventually selling the property. - 🧠 ANSWER ✔✔Odonis' client
is concerned about the marketability of their title. Odonis advises that if
they want their title to be marketable, they need to focus on clearing up all:
,Common Law - 🧠 ANSWER ✔✔Can be traced back to customs and
precedent established by court decisions over the centuries in England
Alfie bought the home subject to the mortgage. (A property sold subject to
the existing loan retains its original loan. The seller is responsible for
making the payments to the bank, and the buyer makes the payments to
the seller. The seller transfers the title to the buyer, but retains
responsibility for the loan. The bank does not sign off on this agreement —
it is done under the table between the buyer and seller.) Alice is the only
one who assumed the loan. (Assumption is when a buyer takes over a loan
from a seller with the lender's permission. The loan is officially transferred
to the buyer with the title of the property, and the buyer makes the
remainder of the loan payments.) The difference between assuming a
mortgage and buying subject to is that the lender is not aware of Alfie's
subject-to mortgage, and did not approve the transfer. - 🧠 ANSWER
✔✔Which of these situations BEST describes a buyer assuming a
mortgage?
Offering tax preparation services for borrowers is not something lenders do.
Collecting property taxes in an escrow account and paying them for the
borrower ensures that a tax lien won't take priority in case of default. - 🧠
,ANSWER ✔✔What is one way lenders prevent other liens from hopping
ahead of them in the debt priority line?
A thin market indicates that there are few buyers and sellers in an area. An
increase in building permits means that there will be an increase in supply.
- 🧠 ANSWER ✔✔Real estate licensee Jamie discovers that there is an
increase in the number of building permits being issued in her town. What
can she expect will result from this?
Real estate is land and improvements. Real property is land,
improvements, and the bundle of rights. - 🧠 ANSWER ✔✔How is real
estate different from real property?
The use of designated sales associates in a nonresidential in-house
transaction allows a brokerage to offer fiduciary representation to both
sides of the transaction under certain circumstances. One of those
circumstances is that parties to the in-house transaction must sign a
disclosure notice consenting to the use of designated sales associates, and
declaring that they are financially eligible (both parties must have assets of
one million dollars or more). - 🧠 ANSWER ✔✔Why does each party in a
designated sales associate transaction have two disclosures to sign?
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, The fact that there are two parties and in an in-house transaction means
that this must be a nonresidential transaction with designated sales
associates. This is only allowed if the parties have assets equal to or in
excess of one million dollars. - 🧠 ANSWER ✔✔In what kind of in-house
transaction can there be two parties, each with a licensee providing
fiduciary levels of representation? What would that tell you about the assets
held by the two parties?
Use the following formula to calculate the percentage put down on a
property: Down payment ÷ Purchase price = Percentage down. $85,000 ÷
$320,000 = 0.265, or 26.5% - 🧠 ANSWER ✔✔Ozzy bought a house. He put
down $85,000. The purchase price of the house was $320,000. What
percentage did Ozzy put down?
Large residential properties typically require a large amount of hands-on
management and upkeep. The advantage is that the residential property
market is less volatile than commercial markets. - 🧠 ANSWER ✔✔Carmela
is part of an investment group that wants to purchase a property. She's
debating between a large residential development and an office space.
When you're laying out the pros and cons of each kind of property, what is
one advantage of residential property you would share with her?
