FLORIDA REAL ESTATE EXAM,
PRACTICE EXAM AND STUDY GUIDE
ACTUAL EXAM
QUESTIONS AND
CORRECT DETAILED ANSWERS
Which of the following is true about the Florida Green Belt Law?
A. It allows agricultural properties to be assessed at a lower rate.
B. It allows all properties to be assessed at a lower rate.
,A. $160,000
B. $180,000
C. $200,000
D. $220,000 - CORRECT ANSWER-B. $180,000
,How many additional days are brokers given to provide the seller notice
from the attorney holding the escrow funds that the deposit was either
received or not received?
10 days
15 days
20 days
Five days - CORRECT ANSWER-10 days
What's the estimated value by cost approach for a property if the site
value is $25,000, the new cost of improvements is
$100,000, and the total depreciation estimate is $15,000?
$110,000
, $115,000
$140,000
$90,000 - CORRECT ANSWER-$110,000
To estimate value using the cost approach, an appraiser adds the site
value to the cost to replace improvements, then subtracts the amount
of depreciation. Here, that gives us $100,000 + $25,000 - $15,000.
Gabi owns one parcel measuring one square mile and another parcel
measuring one mile x half a mile. She combined the parcels and sold
them for $2.5 million. What price per acre did she receive for the land?
$1,953.13
$2,604.17
PRACTICE EXAM AND STUDY GUIDE
ACTUAL EXAM
QUESTIONS AND
CORRECT DETAILED ANSWERS
Which of the following is true about the Florida Green Belt Law?
A. It allows agricultural properties to be assessed at a lower rate.
B. It allows all properties to be assessed at a lower rate.
,A. $160,000
B. $180,000
C. $200,000
D. $220,000 - CORRECT ANSWER-B. $180,000
,How many additional days are brokers given to provide the seller notice
from the attorney holding the escrow funds that the deposit was either
received or not received?
10 days
15 days
20 days
Five days - CORRECT ANSWER-10 days
What's the estimated value by cost approach for a property if the site
value is $25,000, the new cost of improvements is
$100,000, and the total depreciation estimate is $15,000?
$110,000
, $115,000
$140,000
$90,000 - CORRECT ANSWER-$110,000
To estimate value using the cost approach, an appraiser adds the site
value to the cost to replace improvements, then subtracts the amount
of depreciation. Here, that gives us $100,000 + $25,000 - $15,000.
Gabi owns one parcel measuring one square mile and another parcel
measuring one mile x half a mile. She combined the parcels and sold
them for $2.5 million. What price per acre did she receive for the land?
$1,953.13
$2,604.17
