State Exam FLORIDA REAL ESTATE UPDATED ACTUAL Questions And Correct
Answers
C
Terms in this set (90)
When money is paid out of the RE recovery fund, on the licensee's license will be automatically suspended, the max. amount that can
behalf of a Florida Real Estate be reimbursed is $50,000, the judgement holder cannot be reimbursed for
attorney's fees and court costs
Which of the following is true regarding the Florida RE Two members do not have to have a Florida Real Estate license
commission?
The Fair Housing Act prohibits discrimination based on Race, color, religion, national origin, sex, familial status, handicap
A piece of property that is 400 feet by 325 feet is 3 acres
The truth in lending act gives a consumer the right to rescind a mortgage secured by his homestead
Who can renew their initial Florida real estate license A person that graduated with a university with a 4 year degree in real estate
without post license education?
Which of the following words are synonyms? vendor-seller
If an adult enters into a contract with a child this contract can be enforced in a court by the child
Price Fixing is a violation of Sherman-clayton antitrust law
In a joint tenancy has the right of survivorship and owners acquire interest at the same time
An expressed contract is unambiguous
To become the chairman of the Florida Real Estate a member is elected by his or her peers
Commission
A florida Real Estate license has an expiration date on it, expires biennially, serves as prima facie evidence that
the holder is properly licensed
Florida Real estate licensee cannot promise to re- a guaranteed re-purchae agreement has been approved by the state of florida
purchase property back in the future unless
A florida real estate salesman must turn escrow money before the end of the business day following the day he received the money
over to his broker
A florida real estate broker can have an interest bearing escrow account
, Which of the following would a buyer certainly not get at certificate of title
closing
When the gov. exercises the power of eminent domain, Homestead will protect a widow from eminent domain
which of the following statements is NOT true
When a person dies intestate with no heirs Their Real Estate passes to the Florida gov. through a process called escheat
Actual notice is something you have learned by reading, seeing, or hearing
Minnie Me mortgage back securities carry the full faith and credit guarantee of the US gov.
The combining of two or more adjacent properties into Assemblage
one tract to increase the usability and value of the
resulting consolidation is
One advantage of real estate as an investment is 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 partial release clause
they were developing they would need
If the title to a property is marketable there are no title defects
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 the buyer, credit to the seller
A tenancy at will can be terminated by either party giving notice, can be a month to month rental
agreements and either party can terminate with 15 days notice to the other party,
can be written or oral
Which of the following comes from the Florida Homestead rights
Constitution
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
Money will be paid from the Real Estate Recovery Fund A judge rules against an FREC decision in a court of law
when
Answers
C
Terms in this set (90)
When money is paid out of the RE recovery fund, on the licensee's license will be automatically suspended, the max. amount that can
behalf of a Florida Real Estate be reimbursed is $50,000, the judgement holder cannot be reimbursed for
attorney's fees and court costs
Which of the following is true regarding the Florida RE Two members do not have to have a Florida Real Estate license
commission?
The Fair Housing Act prohibits discrimination based on Race, color, religion, national origin, sex, familial status, handicap
A piece of property that is 400 feet by 325 feet is 3 acres
The truth in lending act gives a consumer the right to rescind a mortgage secured by his homestead
Who can renew their initial Florida real estate license A person that graduated with a university with a 4 year degree in real estate
without post license education?
Which of the following words are synonyms? vendor-seller
If an adult enters into a contract with a child this contract can be enforced in a court by the child
Price Fixing is a violation of Sherman-clayton antitrust law
In a joint tenancy has the right of survivorship and owners acquire interest at the same time
An expressed contract is unambiguous
To become the chairman of the Florida Real Estate a member is elected by his or her peers
Commission
A florida Real Estate license has an expiration date on it, expires biennially, serves as prima facie evidence that
the holder is properly licensed
Florida Real estate licensee cannot promise to re- a guaranteed re-purchae agreement has been approved by the state of florida
purchase property back in the future unless
A florida real estate salesman must turn escrow money before the end of the business day following the day he received the money
over to his broker
A florida real estate broker can have an interest bearing escrow account
, Which of the following would a buyer certainly not get at certificate of title
closing
When the gov. exercises the power of eminent domain, Homestead will protect a widow from eminent domain
which of the following statements is NOT true
When a person dies intestate with no heirs Their Real Estate passes to the Florida gov. through a process called escheat
Actual notice is something you have learned by reading, seeing, or hearing
Minnie Me mortgage back securities carry the full faith and credit guarantee of the US gov.
The combining of two or more adjacent properties into Assemblage
one tract to increase the usability and value of the
resulting consolidation is
One advantage of real estate as an investment is 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 partial release clause
they were developing they would need
If the title to a property is marketable there are no title defects
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 the buyer, credit to the seller
A tenancy at will can be terminated by either party giving notice, can be a month to month rental
agreements and either party can terminate with 15 days notice to the other party,
can be written or oral
Which of the following comes from the Florida Homestead rights
Constitution
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
Money will be paid from the Real Estate Recovery Fund A judge rules against an FREC decision in a court of law
when
