REAL ESTATE LICENSING
ms ms
Exam Solution
ms
Florida Real Estate exam 100 Question 2026 A+ GRADE
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ASSURED COMPLETE SOLUTIONS AND VERIFIED ANS
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WERS (4B24F) ms
QUESTION 1 ms
Which is an example of a functional obsolescence?
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ANSWER
One car garage
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QUESTION 2 ms
Effective age means: ms ms
ANSWER
How old the building or house appears to be
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QUESTION 3 ms
The indestructability of land refers to:
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ANSWER
Durability
QUESTION 4 ms
Which person is NOT EXEMPT from licensure?
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ANSWER
Attorney who charges a fee to negotiate a real estate contract for a client
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, QUESTION 5 ms
Which statement is TRUE regarding homeowners association disclosure requirements?
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ANSWER
The buyer cannot waive the right to void the contract if the disclosure has not been provided at the
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time of or before signing the purchase agreement
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QUESTION 6 ms
A listing with the purpose of selling property and obtaining a specified amount for the
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owner is called what?
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ANSWER
A net listing
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QUESTION 7 ms
The Truth in Lending Act does not
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ANSWER
Dictate to lenders how much interest rate to charge to a borrower
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QUESTION 8 ms
What is the state intangible tax when a buyer assumes a mortgage of $60,000 and tak
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es out a new mortgage of $20,000?
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ANSWER
$40 $20,000 x .002= $40
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QUESTION 9 ms
When Bill rented his property he collected a deposit of $2,000 and an advanced rent
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payment of $1,000. Which of the following options is Bill NOT allowed to do with the
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money?
ANSWER
Place the money in an interest bearing account and keep the interest for himself
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QUESTION 10 ms
ms ms
Exam Solution
ms
Florida Real Estate exam 100 Question 2026 A+ GRADE
ms ms ms ms ms ms ms ms
ASSURED COMPLETE SOLUTIONS AND VERIFIED ANS
ms ms ms ms ms ms
WERS (4B24F) ms
QUESTION 1 ms
Which is an example of a functional obsolescence?
ms ms ms ms ms ms ms
ANSWER
One car garage
ms ms
QUESTION 2 ms
Effective age means: ms ms
ANSWER
How old the building or house appears to be
ms ms ms ms ms ms ms ms
QUESTION 3 ms
The indestructability of land refers to:
ms ms ms ms ms
ANSWER
Durability
QUESTION 4 ms
Which person is NOT EXEMPT from licensure?
ms ms ms ms ms ms
ANSWER
Attorney who charges a fee to negotiate a real estate contract for a client
ms ms ms ms ms ms ms ms ms ms ms ms ms
, QUESTION 5 ms
Which statement is TRUE regarding homeowners association disclosure requirements?
ms ms ms ms ms ms ms ms
ANSWER
The buyer cannot waive the right to void the contract if the disclosure has not been provided at the
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
time of or before signing the purchase agreement
ms ms ms ms ms ms ms ms
QUESTION 6 ms
A listing with the purpose of selling property and obtaining a specified amount for the
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
owner is called what?
ms ms ms ms
ANSWER
A net listing
ms ms
QUESTION 7 ms
The Truth in Lending Act does not
ms ms ms ms ms ms
ANSWER
Dictate to lenders how much interest rate to charge to a borrower
ms ms ms ms ms ms ms ms ms ms ms
QUESTION 8 ms
What is the state intangible tax when a buyer assumes a mortgage of $60,000 and tak
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
es out a new mortgage of $20,000?
ms ms ms ms ms ms
ANSWER
$40 $20,000 x .002= $40
ms ms ms ms
QUESTION 9 ms
When Bill rented his property he collected a deposit of $2,000 and an advanced rent
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
payment of $1,000. Which of the following options is Bill NOT allowed to do with the
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
money?
ANSWER
Place the money in an interest bearing account and keep the interest for himself
ms ms ms ms ms ms ms ms ms ms ms ms ms
QUESTION 10 ms
