florida real estate license exam

Physical deterioration reflects outdated components of a building (T/F) - answers-False External obsolescence is always incurable (T/F) - answers-True Functional obsolescence may be curable or incurable (T/F) - answers-True Rezoning is an example of external obsolescence (T/F) - answers-True GRM - answers-uses monthly rent What is not used to calculate NOI? - answers-ADS Situs is - answers-The economic quality resulting from the location of the property and the immobility of the land When the prices of real estate increase, what is likely to occur? - answers-Real estate rental rates will increase Value of specific property is influenced by changes in the area surrounding the property. This value effect results from which of the following physical characteristics of land? - answers-Immobility On the closing disclosure, the binder deposit is a - answers-credit to the buyer but usually not a debit to the seller A second mortgage is taken back by the seller. The mortgage would appear on the closing disclosure as a(n) - answers-debit to the seller A new second mortgage on a closing disclosure is - answers-Credit to the buyer How does the intangible tax appear on the closing disclosure? - answers-Debit to the buyer On the closing disclosure, the commission (brokerage fee) is a: - answers-Disbursement On the closing disclosure - answers-The sellers expenses are shown as a disbursement When individuals and businesses deposit money with their bank this enables the bank to loan more money to borrowers. This process is called: - answers-intermediation Under consumer credit protection act, regulation Z is implemented when - answers-A sales associate has 4 lots for sale government national mortgage association was established to: - answers-Provide special assistance to various h