State Exam Florida Real Estate Graded A+

State Exam Florida Real Estate Graded A+ When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate the licensee's license will be automatically suspended, the max. amount that can 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 commission? Two members do not have to have a Florida Real Estate license 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 without post license education? A person that graduated with a university with a 4 year degree in real estate 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 Commission a member is elected by his or her peers 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-purchase property back in the future unless a guaranteed re-purchae agreement has been approved by the state of florida A florida real estate salesman must turn escrow money over to his broker before the end of the business day following the day he received the money A florida real estate broker can have an interest bearing escrow account Which of the following would a buyer certainly not get at closing certificate of title When the gov. exercises the power of eminent domain, which of the following statements is NOT true Homestead will protect a widow from eminent domain 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 one tract to increase the usability and value of the resulting consolidation is Assemblage 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 they were developing they would need partial