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Florida Real Estate Practice Exam –
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Florida Real Estate Practice
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,Florida Real Estate Practice Exam (Latest Update
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If the Federal Reserve votes to lower the discount rate, how will this likely affect interest
rates on short-term credit?
[Section 13 Slide 36] They will likely decrease
A subject property has four bedrooms. A comparable property sold for $275,000 with only 3
bedrooms. The appraiser attributes a $5,000 to the 4th bedroom. How is the adjustment
made?
[Section 16 Slide 82] Plus $5,000 to the comparable
Florida Real Estate Practice Exam (Latest Update
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What are the similarities between a Business Brokerage and a Real Estate Brokerage?
1) Both deal with Real Property
2) Both require a Real Estate License
3) Both involve Long-term Liabilities
4) All of the Above
All of the Above
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[Section 17 Slide 91]
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An agreement in which only one party promises to perform without receiving a reciprocal
promise to perform from the other party is called a
Unilateral Contract
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[Section 11 Slide 49]
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