Florida Real Estate Exam 2024 100% Accurate!

Township - ANSWERA square 6 miles on each side (6 miles square) containing 36 square miles (36 sections); also an (east-west) strip of land north and south of a baseline (tier). Section - ANSWERA square 1 mile on each side (1 mile square) containing 1 square mile (640 acres). Quarter Section - ANSWEROne-fourth of a square mile-or 160 acres- of publicly owned land. Government lot - ANSWERFractional piece of land less than a quarter section resulting from geographical features (e.g., lakes, streams) interfering with land surveying. They become specific lot numbers Riparian Rights - ANSWERAn owner's rights in land that borders on or includes a stream, river, or lake. These rights include access to and use of the water. Littoral Rights - ANSWERThe right of a property owner whose land borders on a body of water, such as a lake, ocean or sea, to reasonable use and enjoyment of the shore and water the property borders on. External Obsolescence - ANSWERloss of value due to factors beyond the property boundaries Binder Deposit - ANSWERcredit to the buyer How many sections in a township - ANSWER36 Joint Tenants - ANSWERundivided ownership and right of survivorship goes to the