Florida Real Estate Exam!!!! Questions & Answers
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Answers 2026 latest update!!
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Terms in this set (271)
Samuel wants to do a 1031 exchange. a. 180
He sold his investment property and b. 30
has identified the property he'd like c.45
to buy next. Within how many days d.60
must he close on this property in
order for it to qualify as part of the a. He has 45 days to identify a property he would
exchange? like to purchase and 180 days to close on it, from
time of sale.
In which form of co-ownership is a a. Joint tenancy
person's ownership inheritable? b. Tenancy by the entirety
c. Tenancy in common
d. Tenancy in severalty
c. Tenancy in common allows for a persons share to
be inheritable, it does not automatically pass forth
to the rest of the owners like in joint tenancy (this is
called the right of survivorship).
,How long do prospective tenants a. 10 days
have to request a refund after b. 15 days
purchasing a rental list? c. 30 days
d. 360 days
C. 30 days.... tenants have up to 30 days to request
a 75% refund if they do not purchase a rental
Which method best describes the a. Caveat emptor
foreclosure process in Florida? b. Judicial
c. Lis pendens
d. Non-judicial
b. The state of florida offers a judicial foreclosure
process
A judicial foreclosure is known as a lien theory
process. Basically, the homeowner has legal title to
the property...
Unlike title theory, where as the owner has
equitable title
Which of the following statements a. It can be included in the sales contract itself.
about the Florida property tax b. It cautions buyers not to rely on the current
disclosure is NOT true? year's tax to predict what they'll have to pay.
c. It gives buyers a rough estimate of the property
tax they'll pay in the coming year.
d. It must be provided to sellers when they sign
their agency agreement.
c. This disclosure doesn't provide any estimates of
future property tax amounts.
,Which act simplifies, clarifies, and a. Fair Housing Act
modernizes consumer protection b. Federal Duplicate Law Condensation Act
laws and makes them more c. Federal Trade Commission Act
consistent with federal trade laws? d. Florida Deceptive and Unfair Trade Practices Act
d. The Florida Deceptive and Unfair Trade Practices
Act is the act that simplifies, clarifies, and
modernizes consumer protection laws and makes
them more consistent with federal trade laws.
To comply with the statute of frauds, a. In writing and signed by the optionee
an option contract must be ______. b. In writing and signed by the optionor
c. In writing and witnessed by an attorney
d. On file at the local courthouse
b. To comply with the statute of frauds, an option
contract must be in writing and signed by the
optionor (seller).
A cooperative is a(n) _____. a. limited partnership
b. LLC
c. not-for-profit corporation
d. sole proprietorship
c. A cooperative is a joint venture with its
shareholders, formed for their benefit and
governed by them. It's a not-for-profit corporation.
, Compared with condominiums, the a. Higher
monthly fees for a cooperative b. Much less
owner are typically ______. c. Slightly less
d. The same
a. Monthly fees for cooperatives are generally
higher because they include taxes, mortgage
payments, and fees for maintaining common areas
and facilities.
For all intents and purposes, a. Buyer
subagents are agents of the _______. b. Seller
c. The buyer's broker
d. The listing broker
b. Although a subagent may bring an
unrepresented buyer to the transaction, the
subagent is an agent of the seller.
Can a new licensee specialize in the a. Not until the licensee has at least five years of
sale of farm and ranch property? experience in agricultural real estate
b. Not until the licensee passes additional courses
in agricultural real estate
c. Yes, a new licensee can specialize in agricultural
real estate
d. Yes, as long as the new licensee has a degree in
agriculture
c. Specialization doesn't require additional
coursework or credentials. The licensee must be
competent in any specialization, however.
| 100% Verified solutions |Questions with Correct
Answers 2026 latest update!!
Save
Terms in this set (271)
Samuel wants to do a 1031 exchange. a. 180
He sold his investment property and b. 30
has identified the property he'd like c.45
to buy next. Within how many days d.60
must he close on this property in
order for it to qualify as part of the a. He has 45 days to identify a property he would
exchange? like to purchase and 180 days to close on it, from
time of sale.
In which form of co-ownership is a a. Joint tenancy
person's ownership inheritable? b. Tenancy by the entirety
c. Tenancy in common
d. Tenancy in severalty
c. Tenancy in common allows for a persons share to
be inheritable, it does not automatically pass forth
to the rest of the owners like in joint tenancy (this is
called the right of survivorship).
,How long do prospective tenants a. 10 days
have to request a refund after b. 15 days
purchasing a rental list? c. 30 days
d. 360 days
C. 30 days.... tenants have up to 30 days to request
a 75% refund if they do not purchase a rental
Which method best describes the a. Caveat emptor
foreclosure process in Florida? b. Judicial
c. Lis pendens
d. Non-judicial
b. The state of florida offers a judicial foreclosure
process
A judicial foreclosure is known as a lien theory
process. Basically, the homeowner has legal title to
the property...
Unlike title theory, where as the owner has
equitable title
Which of the following statements a. It can be included in the sales contract itself.
about the Florida property tax b. It cautions buyers not to rely on the current
disclosure is NOT true? year's tax to predict what they'll have to pay.
c. It gives buyers a rough estimate of the property
tax they'll pay in the coming year.
d. It must be provided to sellers when they sign
their agency agreement.
c. This disclosure doesn't provide any estimates of
future property tax amounts.
,Which act simplifies, clarifies, and a. Fair Housing Act
modernizes consumer protection b. Federal Duplicate Law Condensation Act
laws and makes them more c. Federal Trade Commission Act
consistent with federal trade laws? d. Florida Deceptive and Unfair Trade Practices Act
d. The Florida Deceptive and Unfair Trade Practices
Act is the act that simplifies, clarifies, and
modernizes consumer protection laws and makes
them more consistent with federal trade laws.
To comply with the statute of frauds, a. In writing and signed by the optionee
an option contract must be ______. b. In writing and signed by the optionor
c. In writing and witnessed by an attorney
d. On file at the local courthouse
b. To comply with the statute of frauds, an option
contract must be in writing and signed by the
optionor (seller).
A cooperative is a(n) _____. a. limited partnership
b. LLC
c. not-for-profit corporation
d. sole proprietorship
c. A cooperative is a joint venture with its
shareholders, formed for their benefit and
governed by them. It's a not-for-profit corporation.
, Compared with condominiums, the a. Higher
monthly fees for a cooperative b. Much less
owner are typically ______. c. Slightly less
d. The same
a. Monthly fees for cooperatives are generally
higher because they include taxes, mortgage
payments, and fees for maintaining common areas
and facilities.
For all intents and purposes, a. Buyer
subagents are agents of the _______. b. Seller
c. The buyer's broker
d. The listing broker
b. Although a subagent may bring an
unrepresented buyer to the transaction, the
subagent is an agent of the seller.
Can a new licensee specialize in the a. Not until the licensee has at least five years of
sale of farm and ranch property? experience in agricultural real estate
b. Not until the licensee passes additional courses
in agricultural real estate
c. Yes, a new licensee can specialize in agricultural
real estate
d. Yes, as long as the new licensee has a degree in
agriculture
c. Specialization doesn't require additional
coursework or credentials. The licensee must be
competent in any specialization, however.
