Questions
1. All of the following EXCEPT which one will be revealed through a title
search?
A. history of encumbrances
B. narrative of any on-site murders disparaging the title
C. history of conveyances
D. first recorded document of the property
2. Kris and Cabe Waldrop are interested in lakefront property in Inverness
and want to know what their ownership rights would be to the lake
bordering the property. Which of the following pertains to this situation?
A. doctrine of reasonable use
B. littoral rights
C. doctrine of beneficial use
D. riparian rights
3. Three widowed sisters -- Bianca, Dottie, and Rosemary -- want to buy a
house together. They want to share expenses, but they need a house
spacious enough to accommodate all three of them comfortably. Monica,
their real estate sales associate, showed them a sprawling ranch in
Bradenton with five bedrooms and four bathrooms plus a finished rec
room. The sisters made an offer that was accepted and then scheduled
the appraisal that their lender required. In choosing comparables, the
appraiser typically looks for all of the following EXCEPT which one?
A. Houses that sold in the last month or that are currently on the market.
B. Houses with the same number of bedrooms and bathrooms.
C. Houses with similar features (I.e. patios, decks, etc.).
D. Houses of the same age.
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, 4. What kind of contract results when Bryan Warson signs a contract to
purchase a piece of property before he has reached the age of legal
majority?
A. a valid contract
B. a void contract
C. a voidable contract
D. an unenforceable contract
5. Peter and Lupita Noonan have signed a contract to purchase Claire
Landsbergers' house in the suburbs of Miami. The contract states that the
house is sited on a one acre lot but, indeed, the lot is only half an acre.
Which of the following options is NOT available to the Noonans?
A. unilateral rescission
B. mutual rescission
C. accept property as is
D. accept liquidated damages
6. Which of the following obligations does a real estate sales associate or
broker have to a buyer customer?
A. accounting of funds held by the licensee
B. full disclosure
C. confidentiality
D. obedience
7. Sellers working with a real estate brokerage can expect all of the
following types of assistance EXCEPT which one?
A. assistance in proving good title
B. assistance qualifying prospective buyers for financing
C. assistance attracting prospective buyers
D. assistance with prorating property taxes and insurance at closing
8. Which of the following individuals must be licensed as a real estate
sales associate to avoid criminal prosecution?
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, A. Roland Cosmos, attorney-at-law, prepares an abstract of title for his
brother in exchange for a modest commission.
B. Massa Torrens, a court-appointed guardian for a mentally-incapacitated
client, accepts a small fee for helping his client with the sale of her home.
C. Ali Fayed sells his own home without real estate representation.
D. Ashley Grant, personal real estate assistant, negotiates a listing on behalf
of her employing broker and receives a $500 bonus when the property
sells.
9. Anyone who wishes to take pre-licensing coursework through a
distance education provider must satisfy which of the following
requirements?
A. Pass a timed exam at the conclusion of coursework
B. Complete a minimum of five classroom hours
C. Complete coursework by correspondence with a monitored exam at the
conclusion
D. Complete coursework by either distance courses or classroom courses
with a monitored exam at the conclusion
10. How many members make up the FREC?
A. 11
B. 9
C. 7
D. 5
11. David Burke, licensed real estate sales associate, presents an offer to
the Mullers (sellers he is representing). In addition to the written offer,
what other document must David furnish simultaneously?
A. A Florida Consumer Information Booklet
B. Notice of transaction brokerage relationship
C. An estimated closing statement
D. A disclosure of all known material defects
12. Bonita Lewis, a real estate licensee in Georgia, wants to obtain her
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, Florida licensure. What step(s) must she take?
A. take a 63-hour prelicense course
B. submit application, required fee, and current certification of license
history
C. submit an application with the required fee
D. pass the Florida State Exam on Real Estate Law and send in a current
certification of license history from Georgia with the Florida application
and the required fee
13. In the state of Florida, what is the maximum commission a broker may
charge for her services?
A. 6 percent
B. 8 percent
C. 5 percent
D. The broker may charge any rate that is agreed upon by the broker and
the buyer or seller.
14. Which of the following terms describes an ownership interest in
property that is absolute and not affected by the death of the owner or
any other person?
A. estate for years
B. fee simple estate
C. Intestate
D. Estate by the entireties
15. At age eighteen, Lupita Cooke is considering what to do when she
graduates from high school in nine months. Can she begin taking
prelicense coursework during her final year of high school?
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