FLORIDA 2-20 AGENTS LICENSE FINAL
EXAM AND STUDY GUIDE | NEWEST
ACTUAL EXAM COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ | 100% PASS | 2025 UPDATE!
A father deeds a property to his daughter for her lifetime. After the
daughter's death, in accordance with the deed, the property is to pass
to the father's grandson. What interest, if any, does the grandson have
in the property?
a. The grandson has no interest in the property until the grandfather
dies.
b. The grandson has a life estate in the property.
c. The grandson is a contingent remainder-man in a leasehold estate.
d. The grandson is a vested remainderman in a remainder estate. -
✔✔✔ Correct Answer > d. The grandson is a vested remainderman in
a remainder estate.
One criterion used to determine if an item in real property is a fixture is
whether the real property would be damaged by removing the item in
question. What "test" for fixtures does this describe?
a. Intent of the parties
b. Relationship of the parties
,c. Method or degree of attachment
d. Adaptation of the item - ✔✔✔ Correct Answer > c. Method or
degree of attachment
Lenders will often use what type of deed to convey property to a new
buyer that has been taken back through a foreclosure proceeding?
a. Quitclaim deed
b. General warranty deed
c. Special warranty deed
d. Bargain and sale deed - ✔✔✔ Correct Answer > c. Special
warranty deed
The buyer's or seller's signature is required on which brokerage
relationship disclosure before the licensee may continue?
a. No brokerage relationship notice
b. Single agent notice
c. Consent to transition to transaction broker notice
d. Transaction broker notice - ✔✔✔ Correct Answer > c. Consent to
transition to transaction broker notice
Developers of new cooperative units must give buyers a disclosure
which informs buyers that they may cancel within how many days of
signing the contract?
a. 3 business days
,b. 10 business days
c. 10 calendar days
d. 15 calendar days - ✔✔✔ Correct Answer > d. 15 calendar days
Two buyers purchased a three story building and took title as legal joint
tenants. One died testate. The surviving owner now owns the building.
a. as a tenant by the entirety.
b. in severalty
c. in absolute ownership under the law of descent
d. subject to the terms of the deceased owner's will. - ✔✔✔ Correct
Answer > b. in severalty
An interest in real property that exists for a designated period, created
by a properly executed lease agreement, is
a. a freehold estate
b. an estate for years
c. a tenancy at will
d. a fee simple estate - ✔✔✔ Correct Answer > b. an estate for years
The type of time share ownership that the usage rights revert back to
the developer-seller is
a. interval ownership
b. right to use
, c. ownership in severalty
d. life estate - ✔✔✔ Correct Answer > b. right to use
A mother deeded a beachfront villa to her son who suffered from a
terminal illness. The deed specified that the property was to return to
the mother or her heirs when the son died. The estate owned by the
mother, or her heirs is
a. a conventional life estate
b. a fee simple estate
c. an estate for years
d. an estate in reversion - ✔✔✔ Correct Answer > d. an estate in
reversion
Salaried employees sell time-share units for a large owner-developer in
Ft. Myers, Florida. Each Christmas, the employees receive a year-end
bonus based on sales production for the year. Must the employees be
licensed as real estate sales associates?
a. No, the employees are exempt from a real estate license because
they work for an owner-developer
b. Yes, they must be licensed as real estate sales associates because
part of the compensation is based on real estate sales production
c. No, they are exempt from a real estate license because the
employees must hold a time-share license.
d. Yes, they must be licensed as real estate sales associates because
they perform services of real estate for an owner-developer. - ✔✔✔
EXAM AND STUDY GUIDE | NEWEST
ACTUAL EXAM COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ | 100% PASS | 2025 UPDATE!
A father deeds a property to his daughter for her lifetime. After the
daughter's death, in accordance with the deed, the property is to pass
to the father's grandson. What interest, if any, does the grandson have
in the property?
a. The grandson has no interest in the property until the grandfather
dies.
b. The grandson has a life estate in the property.
c. The grandson is a contingent remainder-man in a leasehold estate.
d. The grandson is a vested remainderman in a remainder estate. -
✔✔✔ Correct Answer > d. The grandson is a vested remainderman in
a remainder estate.
One criterion used to determine if an item in real property is a fixture is
whether the real property would be damaged by removing the item in
question. What "test" for fixtures does this describe?
a. Intent of the parties
b. Relationship of the parties
,c. Method or degree of attachment
d. Adaptation of the item - ✔✔✔ Correct Answer > c. Method or
degree of attachment
Lenders will often use what type of deed to convey property to a new
buyer that has been taken back through a foreclosure proceeding?
a. Quitclaim deed
b. General warranty deed
c. Special warranty deed
d. Bargain and sale deed - ✔✔✔ Correct Answer > c. Special
warranty deed
The buyer's or seller's signature is required on which brokerage
relationship disclosure before the licensee may continue?
a. No brokerage relationship notice
b. Single agent notice
c. Consent to transition to transaction broker notice
d. Transaction broker notice - ✔✔✔ Correct Answer > c. Consent to
transition to transaction broker notice
Developers of new cooperative units must give buyers a disclosure
which informs buyers that they may cancel within how many days of
signing the contract?
a. 3 business days
,b. 10 business days
c. 10 calendar days
d. 15 calendar days - ✔✔✔ Correct Answer > d. 15 calendar days
Two buyers purchased a three story building and took title as legal joint
tenants. One died testate. The surviving owner now owns the building.
a. as a tenant by the entirety.
b. in severalty
c. in absolute ownership under the law of descent
d. subject to the terms of the deceased owner's will. - ✔✔✔ Correct
Answer > b. in severalty
An interest in real property that exists for a designated period, created
by a properly executed lease agreement, is
a. a freehold estate
b. an estate for years
c. a tenancy at will
d. a fee simple estate - ✔✔✔ Correct Answer > b. an estate for years
The type of time share ownership that the usage rights revert back to
the developer-seller is
a. interval ownership
b. right to use
, c. ownership in severalty
d. life estate - ✔✔✔ Correct Answer > b. right to use
A mother deeded a beachfront villa to her son who suffered from a
terminal illness. The deed specified that the property was to return to
the mother or her heirs when the son died. The estate owned by the
mother, or her heirs is
a. a conventional life estate
b. a fee simple estate
c. an estate for years
d. an estate in reversion - ✔✔✔ Correct Answer > d. an estate in
reversion
Salaried employees sell time-share units for a large owner-developer in
Ft. Myers, Florida. Each Christmas, the employees receive a year-end
bonus based on sales production for the year. Must the employees be
licensed as real estate sales associates?
a. No, the employees are exempt from a real estate license because
they work for an owner-developer
b. Yes, they must be licensed as real estate sales associates because
part of the compensation is based on real estate sales production
c. No, they are exempt from a real estate license because the
employees must hold a time-share license.
d. Yes, they must be licensed as real estate sales associates because
they perform services of real estate for an owner-developer. - ✔✔✔
