State Exam FLORIDA REAL ESTATE
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
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
Which of the following is true regarding the Florida RE commission? - ✔️✔️Two
members do not have to have a Florida Real Estate license
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
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
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 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 release clause
If the title to a property is marketable - ✔️✔️there are no title defects
When can a license be suspended immediately? - ✔️✔️When the secretary of the
DBPR issues an emergency suspension
Jones Vs. Meyer is a famous lawsuit that - ✔️✔️upheld the Civil Rights Act of 1866
Inheritability in Title comes with - ✔️✔️Tenants in Common
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
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
Which of the following is true regarding the Florida RE commission? - ✔️✔️Two
members do not have to have a Florida Real Estate license
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
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
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 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 release clause
If the title to a property is marketable - ✔️✔️there are no title defects
When can a license be suspended immediately? - ✔️✔️When the secretary of the
DBPR issues an emergency suspension
Jones Vs. Meyer is a famous lawsuit that - ✔️✔️upheld the Civil Rights Act of 1866
Inheritability in Title comes with - ✔️✔️Tenants in Common
