Florida Real Estate Sales Associate Study Guide

Financial protection against losses as the result of a title defect Title insurance Curling a defect in Title to Real Estate and/or Real property Quitclaim Deed A business organization that may be registered to broker real estate Limited partnership The Government needs to acquire land from a property owner for a new school Eminent Domain Equity of Redemption Right of a borrower to cure a default with a ender prior to the foreclosure Primary reference point in a metes and bounds legal description Initial reference point If a registration of real estate brokerage is revoked by the FREC All licenses within the brokerage are involuntarily inactive In a township, the Section that is two (2) sections west of Section 10 Section 8 Some of the terms or conditions of a contract are assumed by the parties Implied Contract Creation of a valid real estate sales contract Offer, acceptance & communication by each party to the other party Time period which a party may sue for the enforcement of a contract Statue of Limitations A divorce terminates the Estate (Tenancy) by the Entireties Tenancy (Estate) in Common results unless otherwise dictated by a court Loan amount, interest rate, loan term & repayment schedule Specified in the Promissory Note Broker applicant passes the state exam & continues to be employed Will be a broker associate if he/she wants to still work under their current employer