Post-Licensing Practice Exam for Florida Real
Estate Sales Associates Questions & Answers
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Terms in this set (100)
FHA requirements for 28% (HER) and 36% (TOR).
housing expense ratios
(HER) and total
obligations ratio (TOR)
are
Yesterday, a broker void.
obtained a 90-day
listing contract that has
a self-renewing
provision extending the
agreement an
additional 60 days after
expiration unless either
party cancels in writing.
The listing contract is
who are directed by the sales associate in how to
Unlicensed personal
do their jobs cannot be classified as independent
assistants
contractors, and must pay withholding taxes.
If a buyer raises an confirm and isolate the objection.
objection to a property,
the associate should
first
,A bilateral agreement a sales contract.
spelling out the
complete terms
between a buyer and a
seller for the transfer of
a parcel of real
property is
What is NOT a good To determine that no encroachments exist
reason to make a
preclosing walk-
through inspection?
,Susan lists her home Debit Susan $612.50.
with broker William for
$90,000 on March 16.
On August 1, Henry
makes an offer of
$85,000, accompanied
by a binder deposit of
$5,000, and asks the
seller to pay points on a
new loan of $80,000.
Susan counters at a
price of $87,500 and
agrees to pay four
points on a loan of
$82,500. Henry accepts.
Henry qualifies for the
loan at an interest rate
of 9% and agrees to
pay a 1% origination fee.
The monthly payment
for principal and
interest is $663.81.
Henry also will be
charged for prepaid
interest for the balance
of the month of closing.
The closing date is
September 15, and
Henry is charged for
the day of closing.
Henry will purchase an
insurance policy for
$720. City and county
taxes are $760. Susan
agreed to pay her own
attorney's fees of $125.
Henry must pay $130
for attorney's fees, $56
, to record the
mortgage, $6 to record
the deed, and $640 for
title insurance.
The payoff on Susan's
existing m
An agreement to hold an option contract.
open for a set time
period an offer to sell
or lease real property is
Estate Sales Associates Questions & Answers
/ Newest Update
Save
Terms in this set (100)
FHA requirements for 28% (HER) and 36% (TOR).
housing expense ratios
(HER) and total
obligations ratio (TOR)
are
Yesterday, a broker void.
obtained a 90-day
listing contract that has
a self-renewing
provision extending the
agreement an
additional 60 days after
expiration unless either
party cancels in writing.
The listing contract is
who are directed by the sales associate in how to
Unlicensed personal
do their jobs cannot be classified as independent
assistants
contractors, and must pay withholding taxes.
If a buyer raises an confirm and isolate the objection.
objection to a property,
the associate should
first
,A bilateral agreement a sales contract.
spelling out the
complete terms
between a buyer and a
seller for the transfer of
a parcel of real
property is
What is NOT a good To determine that no encroachments exist
reason to make a
preclosing walk-
through inspection?
,Susan lists her home Debit Susan $612.50.
with broker William for
$90,000 on March 16.
On August 1, Henry
makes an offer of
$85,000, accompanied
by a binder deposit of
$5,000, and asks the
seller to pay points on a
new loan of $80,000.
Susan counters at a
price of $87,500 and
agrees to pay four
points on a loan of
$82,500. Henry accepts.
Henry qualifies for the
loan at an interest rate
of 9% and agrees to
pay a 1% origination fee.
The monthly payment
for principal and
interest is $663.81.
Henry also will be
charged for prepaid
interest for the balance
of the month of closing.
The closing date is
September 15, and
Henry is charged for
the day of closing.
Henry will purchase an
insurance policy for
$720. City and county
taxes are $760. Susan
agreed to pay her own
attorney's fees of $125.
Henry must pay $130
for attorney's fees, $56
, to record the
mortgage, $6 to record
the deed, and $640 for
title insurance.
The payoff on Susan's
existing m
An agreement to hold an option contract.
open for a set time
period an offer to sell
or lease real property is
