STATE EXAM FLORIDA REAL ESTATE
WITH ANSWERS
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
WITH ANSWERS
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
