Florida Real Estate exam with Verified
Answers
Tenant in property with temporary agreement ✔️✔️Tenancy at will
Cannot comply with legal instructions ✔️✔️Withdraw from the transaction
Developer conveys ownership-streets etc. ✔️✔️Dedication
Deed Promise- no hostile claims made ✔️✔️Warrant of quiet enjoyment
In closing statement title insurance ✔️✔️not prorated
No brokerage relationship ✔️✔️Customer refused representation
sales associate leaves broker and joins another ✔️✔️must obtain a reissue of license with new
broker
Chairperson of FREC powers ✔️✔️Executive
Issued by owner-employer multiple location ✔️✔️Group license
,Lien Theory State ✔️✔️Title held by mortgagor (borrower)
Most important factor for investment ✔️✔️economic soundness
expenses of buyer/seller to 3rd party ✔️✔️On closing statement, entered a debits
Joint Tenancy ✔️✔️Possession, interest, time & title (PITT)
Inducing to list/sell - minorities moving in ✔️✔️Blockbusting
Policy and procedures manual ✔️✔️Helpful but not required by law
Brokers disagree on amount of commission ✔️✔️Retain exact amount is the escrow account
Cannot register to broker real estate ✔️✔️Corporation Sole, Co-op Assoc, business trust
To obtain a listing ✔️✔️must have an active license
Person with power of attorney ✔️✔️Attorney- in- fact
Licensed sales associate ✔️✔️paid only by his/her broker
, Landlord posts a surety bond ✔️✔️May commingle security deposits
Investigator for DBPR sees minor violation ✔️✔️Usually issues a notice of noncompliance
Get listings from a particular neighborhood ✔️✔️Farming
Licensee advertised property in own name ✔️✔️Must own the actual property
Evidence of merchantable title ✔️✔️the seller is usually responsible
Sales Associate did not complete 45 hours post license ✔️✔️license status is void
Agreement to rent for a specified period of time ✔️✔️Tenancy for years
Ownership one unit in multi-unit complex ✔️✔️Condominium
No license, act as a broker, get commission ✔️✔️DBPR can subpoena, cease and desist, fine
Losing title by failing to recoprd deed ✔️✔️Estoppel
Real estate securities ✔️✔️DPP containing a flow-through of tax
Answers
Tenant in property with temporary agreement ✔️✔️Tenancy at will
Cannot comply with legal instructions ✔️✔️Withdraw from the transaction
Developer conveys ownership-streets etc. ✔️✔️Dedication
Deed Promise- no hostile claims made ✔️✔️Warrant of quiet enjoyment
In closing statement title insurance ✔️✔️not prorated
No brokerage relationship ✔️✔️Customer refused representation
sales associate leaves broker and joins another ✔️✔️must obtain a reissue of license with new
broker
Chairperson of FREC powers ✔️✔️Executive
Issued by owner-employer multiple location ✔️✔️Group license
,Lien Theory State ✔️✔️Title held by mortgagor (borrower)
Most important factor for investment ✔️✔️economic soundness
expenses of buyer/seller to 3rd party ✔️✔️On closing statement, entered a debits
Joint Tenancy ✔️✔️Possession, interest, time & title (PITT)
Inducing to list/sell - minorities moving in ✔️✔️Blockbusting
Policy and procedures manual ✔️✔️Helpful but not required by law
Brokers disagree on amount of commission ✔️✔️Retain exact amount is the escrow account
Cannot register to broker real estate ✔️✔️Corporation Sole, Co-op Assoc, business trust
To obtain a listing ✔️✔️must have an active license
Person with power of attorney ✔️✔️Attorney- in- fact
Licensed sales associate ✔️✔️paid only by his/her broker
, Landlord posts a surety bond ✔️✔️May commingle security deposits
Investigator for DBPR sees minor violation ✔️✔️Usually issues a notice of noncompliance
Get listings from a particular neighborhood ✔️✔️Farming
Licensee advertised property in own name ✔️✔️Must own the actual property
Evidence of merchantable title ✔️✔️the seller is usually responsible
Sales Associate did not complete 45 hours post license ✔️✔️license status is void
Agreement to rent for a specified period of time ✔️✔️Tenancy for years
Ownership one unit in multi-unit complex ✔️✔️Condominium
No license, act as a broker, get commission ✔️✔️DBPR can subpoena, cease and desist, fine
Losing title by failing to recoprd deed ✔️✔️Estoppel
Real estate securities ✔️✔️DPP containing a flow-through of tax
