Florida Real Estate State Exam: Gold
Coast Q&A CRAM EXAM 1&2 Test Questions And
Answers Verified 100% Correct
A violation of the fair housing act of 1968 - ANSWER Broker bill was hired to rent Mrs.
Brown's apartment building located in a large college town. Broke bill quors lower rents
and deposits to females because "they cause less trouble" this is:
Landlord must inform tenant within 30 days how the deposit is being held - ANSWER
Which is correct according to FL landlord tenanct act?
Yes this is a bait and switch advertising and is illegal - ANSWER A dev advertides a
home for downpayment of 1500. however that package is sold out, is this transaction
covered under truth in lending laws?
requires lenders to disclose the true cost of credit to consumers - ANSWER Regulation
z?
easy terms - ANSWER which is not a "triggering term"
a violation of RESPA - ANSWER Broker receiving kickback from title co.
riparian - ANSWER property that borders a river or stream
Relationship of the parties - ANSWER Courts apply legal tests to determine if personal
property has become a fixture. which is included in those tests?
Personal property - ANSWER An owner of a peice of real estate has purchased the
materials to fence the backyard. What type of property is the fencing material.
Joint tenancy - ANSWER Thre friends buy a property together, with equal shares at the
same time. If they have the right of survivorship, what type of tenancy have they
created?
Who own the property in a tenancy by the entireties? - ANSWER Husband and wife
tenancy at sufferance - ANSWER What type of tenancy exists when a tenant remains
in possession of property after his or her rights have expired?
,debts other than direct debts and federal liens - ANSWER The purpose of the
homestead exemption is to protect the surviving spouse and children and to exempt
property from foreclosure for:
Joint - ANSWER Which tenancy contains the right of survivorship
claimed the property as their principal residence as of january 1 and filed by March 1 -
ANSWER The initial tax exemption for homestead is availible only to owners that:
interval ownership - ANSWER What would the best bundle or rightd with a timeshare
include:
proprietary lease - ANSWER How is the right to occupy a cooperative is evidenced
eminent domain - ANSWER what term refers to the poeer that the fovernment has to
take land for the public good?
seisin - ANSWER which clause in a deed states that the grantor was in possession and
has the right to sell the property?
possession of the property that can be seen and heard - ANSWER What is actual
notice
witnessed - ANSWER a deed must be:
as a way to clear clouds on the title - ANSWER how is a quitclaim deed most often
used?
delivered and accepted - ANSWER the onweeship of a property actually transfers from
the grantor to the grantee when the deed is:
run a chain of title - ANSWER what is the purpose of a title search?
a bundle of ownership rights - ANSWER what is a title ?
deed restrictions - ANSWER which is the strongest control private citizens have over a
property owner
it protects the buyer from title defects - ANSWER which statement correctly applies to
owners title insuance?
quitclaim deed - ANSWER Which deed contains no warrants or promises?
, escheat - ANSWER if an owner dies intestate with no known heirs, how can the state
can take the property
40 - ANSWER the following legal description contains how many acres? The s 1/2 of
the sw 1/4 of the nw 1/4 and the n 1/2 of the n/w 1/4 of the sw 1/4 of a section
17 - ANSWER the southeast corner of section 31, township 1 north, range 3 west, is
how many miles from Tallahassee
Township 1 north - ANSWER The horizontal strip of land 6 miles wide immediately nith
if the Tallahassee baseline would be:
open listing - ANSWER What type of listing can be held by more than one broker?
performance - ANSWER Which action can terminate a contract?
an offer and acceptance - ANSWER Which item is an essential element of a sales
contract
to be enforcable a contract transferring an interest in real estate must be in writing -
ANSWER what does the statute of frauds require
the time frame in which a contract can be enforced - ANSWER What is stated in the
Statute of limitations?
the time frame in which a contract can be enforced - ANSWER What is stated in the
statute of limitations?
transfers ownership until paid - ANSWER In states which operate under the title theory,
the borrower:
loan amount - ANSWER What is the amount of guarantee based upon for a VA
gauranteed loan?
28%, 36% - ANSWER Conven. lenders usually want the buyer's housing ratio not to
exceed __ and the total obligations ratio not to exceed ___
mortgage - ANSWER What is the name for the legal document that pledges a property
as security for a loan?
insures loans - ANSWER what does the FHA do with respect to mortgages lending?
Coast Q&A CRAM EXAM 1&2 Test Questions And
Answers Verified 100% Correct
A violation of the fair housing act of 1968 - ANSWER Broker bill was hired to rent Mrs.
Brown's apartment building located in a large college town. Broke bill quors lower rents
and deposits to females because "they cause less trouble" this is:
Landlord must inform tenant within 30 days how the deposit is being held - ANSWER
Which is correct according to FL landlord tenanct act?
Yes this is a bait and switch advertising and is illegal - ANSWER A dev advertides a
home for downpayment of 1500. however that package is sold out, is this transaction
covered under truth in lending laws?
requires lenders to disclose the true cost of credit to consumers - ANSWER Regulation
z?
easy terms - ANSWER which is not a "triggering term"
a violation of RESPA - ANSWER Broker receiving kickback from title co.
riparian - ANSWER property that borders a river or stream
Relationship of the parties - ANSWER Courts apply legal tests to determine if personal
property has become a fixture. which is included in those tests?
Personal property - ANSWER An owner of a peice of real estate has purchased the
materials to fence the backyard. What type of property is the fencing material.
Joint tenancy - ANSWER Thre friends buy a property together, with equal shares at the
same time. If they have the right of survivorship, what type of tenancy have they
created?
Who own the property in a tenancy by the entireties? - ANSWER Husband and wife
tenancy at sufferance - ANSWER What type of tenancy exists when a tenant remains
in possession of property after his or her rights have expired?
,debts other than direct debts and federal liens - ANSWER The purpose of the
homestead exemption is to protect the surviving spouse and children and to exempt
property from foreclosure for:
Joint - ANSWER Which tenancy contains the right of survivorship
claimed the property as their principal residence as of january 1 and filed by March 1 -
ANSWER The initial tax exemption for homestead is availible only to owners that:
interval ownership - ANSWER What would the best bundle or rightd with a timeshare
include:
proprietary lease - ANSWER How is the right to occupy a cooperative is evidenced
eminent domain - ANSWER what term refers to the poeer that the fovernment has to
take land for the public good?
seisin - ANSWER which clause in a deed states that the grantor was in possession and
has the right to sell the property?
possession of the property that can be seen and heard - ANSWER What is actual
notice
witnessed - ANSWER a deed must be:
as a way to clear clouds on the title - ANSWER how is a quitclaim deed most often
used?
delivered and accepted - ANSWER the onweeship of a property actually transfers from
the grantor to the grantee when the deed is:
run a chain of title - ANSWER what is the purpose of a title search?
a bundle of ownership rights - ANSWER what is a title ?
deed restrictions - ANSWER which is the strongest control private citizens have over a
property owner
it protects the buyer from title defects - ANSWER which statement correctly applies to
owners title insuance?
quitclaim deed - ANSWER Which deed contains no warrants or promises?
, escheat - ANSWER if an owner dies intestate with no known heirs, how can the state
can take the property
40 - ANSWER the following legal description contains how many acres? The s 1/2 of
the sw 1/4 of the nw 1/4 and the n 1/2 of the n/w 1/4 of the sw 1/4 of a section
17 - ANSWER the southeast corner of section 31, township 1 north, range 3 west, is
how many miles from Tallahassee
Township 1 north - ANSWER The horizontal strip of land 6 miles wide immediately nith
if the Tallahassee baseline would be:
open listing - ANSWER What type of listing can be held by more than one broker?
performance - ANSWER Which action can terminate a contract?
an offer and acceptance - ANSWER Which item is an essential element of a sales
contract
to be enforcable a contract transferring an interest in real estate must be in writing -
ANSWER what does the statute of frauds require
the time frame in which a contract can be enforced - ANSWER What is stated in the
Statute of limitations?
the time frame in which a contract can be enforced - ANSWER What is stated in the
statute of limitations?
transfers ownership until paid - ANSWER In states which operate under the title theory,
the borrower:
loan amount - ANSWER What is the amount of guarantee based upon for a VA
gauranteed loan?
28%, 36% - ANSWER Conven. lenders usually want the buyer's housing ratio not to
exceed __ and the total obligations ratio not to exceed ___
mortgage - ANSWER What is the name for the legal document that pledges a property
as security for a loan?
insures loans - ANSWER what does the FHA do with respect to mortgages lending?
