45-Hour Post License Course Exam Study Guide Q-
Bank / Questions With Correct Detailed Answers
Guaranteed Pass / Newest Update
Lender Lenny refuses to make a loan on a property based on the racial composition of the neighborhood.
This is a violation of the Fair Housing Act known as: - ANSWER ✔ - redlining
Sales Associate Rita recommends to a family that they do not buy in a particular neighborhood based on
the racial makeup of the neighborhood. This is a prohibited act known as: - ANSWER ✔ - steering
Sales Associate Sanders suggests to neighbors that they should sell their homes because of an ethnic
background have moved into the neighborhood. This prohibited act is known as: - ANSWER ✔ -
blockbusting
Removing barriers to accessibility in public accommodations is a requirement of: - ANSWER ✔ - ADA
The Florida Constitution provides three categories of homestead protections. Which of the following is
NOT a benefit of owning a homestead? - ANSWER ✔ - The homestead could be lost for failure to pay
property taxes, a mortgage, a contractor's lien or mandatory association fees.
Property is reassessed annually on January 1st. Any change in assessed (SOH) value of the homestead is
limited to the littlest of 3% of the assessed value or: - ANSWER ✔ - the change in the Consumer Price Index
(CPI)
Any person or entity that is not a U.S. person or entity is defined as a/n: - ANSWER ✔ - foreign person
According to FIRPTA, if the property is for use by the transferee as a residence and the amount realized is
$300,001 to $1,000,000, what percentage must be withheld? - ANSWER ✔ - 10%
, The average height of the high tides over a 19-year period is the: - ANSWER ✔ - mean high-water line
All tidally influenced waters and navigable fresh bodies of water to the mean or ordinary highwater line
in existence when Florida became a state is defined as: - ANSWER ✔ - Sovereignty Submerged Lands
The general right of the public at large to possess and use certain privately owned dry sand areas for
recreational purposes is an example of: - ANSWER ✔ - customary use
The Florida state agency responsible for the administration of the water resources at the state level is: -
ANSWER ✔ - Department of Environmental Protection (DEP)
The program designed to help Florida's coastal communities deal with flooding, erosion, and habitat shifts
through technical assistance and funding is: - ANSWER ✔ - Florida Resilient Coastlines Program
Reclaimed water, brackish ground and surface water, seawater, and new storage facilities for surface and
groundwater are examples of: - ANSWER ✔ - alternative water supply
An overflowing of a large amount of water beyond its normal confines, especially over what is normally
dry land is a: - ANSWER ✔ - flood
An area is considered to be at high risk of experiencing a flood if there is a chance of flooding of: - ANSWER
✔ - 1%
Anyone who solicits a mortgage loan or accepts an application for a mortgage loan is defined as a: -
ANSWER ✔ - mortgage loan originator
Florida's Business Rent Tax (BRT) is due on the total rent charged for renting, leasing, or granting a license
to use: - ANSWER ✔ - commercial real estate
Bank / Questions With Correct Detailed Answers
Guaranteed Pass / Newest Update
Lender Lenny refuses to make a loan on a property based on the racial composition of the neighborhood.
This is a violation of the Fair Housing Act known as: - ANSWER ✔ - redlining
Sales Associate Rita recommends to a family that they do not buy in a particular neighborhood based on
the racial makeup of the neighborhood. This is a prohibited act known as: - ANSWER ✔ - steering
Sales Associate Sanders suggests to neighbors that they should sell their homes because of an ethnic
background have moved into the neighborhood. This prohibited act is known as: - ANSWER ✔ -
blockbusting
Removing barriers to accessibility in public accommodations is a requirement of: - ANSWER ✔ - ADA
The Florida Constitution provides three categories of homestead protections. Which of the following is
NOT a benefit of owning a homestead? - ANSWER ✔ - The homestead could be lost for failure to pay
property taxes, a mortgage, a contractor's lien or mandatory association fees.
Property is reassessed annually on January 1st. Any change in assessed (SOH) value of the homestead is
limited to the littlest of 3% of the assessed value or: - ANSWER ✔ - the change in the Consumer Price Index
(CPI)
Any person or entity that is not a U.S. person or entity is defined as a/n: - ANSWER ✔ - foreign person
According to FIRPTA, if the property is for use by the transferee as a residence and the amount realized is
$300,001 to $1,000,000, what percentage must be withheld? - ANSWER ✔ - 10%
, The average height of the high tides over a 19-year period is the: - ANSWER ✔ - mean high-water line
All tidally influenced waters and navigable fresh bodies of water to the mean or ordinary highwater line
in existence when Florida became a state is defined as: - ANSWER ✔ - Sovereignty Submerged Lands
The general right of the public at large to possess and use certain privately owned dry sand areas for
recreational purposes is an example of: - ANSWER ✔ - customary use
The Florida state agency responsible for the administration of the water resources at the state level is: -
ANSWER ✔ - Department of Environmental Protection (DEP)
The program designed to help Florida's coastal communities deal with flooding, erosion, and habitat shifts
through technical assistance and funding is: - ANSWER ✔ - Florida Resilient Coastlines Program
Reclaimed water, brackish ground and surface water, seawater, and new storage facilities for surface and
groundwater are examples of: - ANSWER ✔ - alternative water supply
An overflowing of a large amount of water beyond its normal confines, especially over what is normally
dry land is a: - ANSWER ✔ - flood
An area is considered to be at high risk of experiencing a flood if there is a chance of flooding of: - ANSWER
✔ - 1%
Anyone who solicits a mortgage loan or accepts an application for a mortgage loan is defined as a: -
ANSWER ✔ - mortgage loan originator
Florida's Business Rent Tax (BRT) is due on the total rent charged for renting, leasing, or granting a license
to use: - ANSWER ✔ - commercial real estate
