State Exam FLORIDA REAL ESTATE Questions and Answers 100% Pass

State Exam FLORIDA REAL ESTATE Questions and Answers 100% Pass When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate - Correct Answer ️️ -the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the following is true regarding the Florida RE commission? - Correct Answer ️️ -Two members do not have to have a Florida Real Estate license The Fair Housing Act prohibits discrimination based on - Correct Answer ️️ -Race, color, religion, national origin, sex, familial status, handicap A piece of property that is 400 feet by 325 feet is - Correct Answer ️️ -3 acres The truth in lending act - Correct Answer ️️ -gives a consumer the right to rescind a mortgage secured by his homestead Who can renew their initial Florida real estate license without post license education? - Correct Answer ️️ -A person that graduated with a university with a 4 year degree in real estate Which of the following words are synonyms? - Correct Answer ️️ -vendor-seller If an adult enters into a contract with a child - Correct Answer ️️ -this contract can be enforced in a court by the child Price Fixing is - Correct Answer ️️ -a violation of Sherman-clayton antitrust law In a joint tenancy - Correct Answer ️️ -has the right of survivorship and owners acquire interest at the same time An expressed contract - Correct Answer ️️ -is unambiguous To become the chairman of the Florida Real Estate Commission - Correct Answer ️️ -a member is elected by his or her peers A florida Real Estate license - Correct Answer ️️ -has an expiration date on it, expires biennially, serves as prima facie evidence that the holder is properly licensed Florida Real estate licensee cannot promise to re-purchase property back in the future unless - Correct Answer ️️ -a guaranteed re-purchae agreement has been approved by the state of florida A florida real estate salesman must turn escrow money over to his broker - Correct Answer ️️ -before the end of the business day following the day he received the money A florida real estate broker can have - Correct Answer ️️ -an interest bearing escrow account Which of the following would a buyer certainly not get at closing - Correct Answer ️️ - certificate of title When the gov. exercises the power of eminent domain, which of the following statements is NOT true - Correct Answer ️️ -Homestead will protect a widow from eminent domain When a person dies intestate with no heirs - Correct Answer ️️ -Their Real Estate passes to the Florida gov. through a process called escheat Actual notice is - Correct Answer ️️ -something you have learned by reading, seeing, or hearing Minnie Me mortgage back securities - Correct Answer ️️ -carry the full