All of the following are required to obtain a VA loan, except
a service-related disability
Reference chapter 13
Which of the following statements accurately describes an FHA Loan 203(b) ?
The loan cannot contain a penalty clause for pre-payment
Reference Chapter 13
Jack deeded a house to his elderly father with the stipulation that the property
would return to Jack upon his father's death. Jack has which type of estate?
an estate in reversion
Chapter 5
A reversion estate means that the house will revert back to the original grantor
at the end of the life estate.
Mary is a sales associate working for a broker. An owner developer has asked
her to work weekends to sell new homes on commission. What must Mary do to
work for the owner-developer?
Transfer her license from the broker to the owner/developer
Chapter 5
A sales associate failed to complete the required post license education prior to
their renewal deadline. What is the status of the sales associate license?
Void
Chapter 2
What is the purpose of the Forida Homestead protection?
, provide protection of the Homestead property from the debts of an improvident
breadwinner
Chapter 8
When a broker lists a property the owner has some landscaping done to
enchance the sale of the property. The broker recommended a landscaping
company and the company gave a referral fee to the real estate office for
spending them business. What would this arrangement be considered?
Legal if the referral fee were disclosed to the owner.
Chapter 13
A real estate office may receive a referral fee if it disclosed and does not violate
any other law such as not having any other type of license required or RESPA
which says no referral fees for closing services.
Which of the following best describes a contract?
Legally binding
chapter 11
The method used by the government to exercise its power of eminent domain is
called what?
Condemnation
Chapter 9
Tony is a broker and decides to move his office from Fort Lauderdale to
Orlando. He has 12 associates registered under him. What are the sales
associates responsibilities?
They may continue working for Toy without filing any forms with the DBPR
Chapter 5
Which of the following statements best describes the secondary mortgage
market?
It is where loans originated in the primary market are sold.
Chapter 13
Dawn owns a six-story apartment building. She is concerned for the safety of
her tenants so she decides that families with small children may only rent on the
first or second floor. Is this an acceptable policy?
a service-related disability
Reference chapter 13
Which of the following statements accurately describes an FHA Loan 203(b) ?
The loan cannot contain a penalty clause for pre-payment
Reference Chapter 13
Jack deeded a house to his elderly father with the stipulation that the property
would return to Jack upon his father's death. Jack has which type of estate?
an estate in reversion
Chapter 5
A reversion estate means that the house will revert back to the original grantor
at the end of the life estate.
Mary is a sales associate working for a broker. An owner developer has asked
her to work weekends to sell new homes on commission. What must Mary do to
work for the owner-developer?
Transfer her license from the broker to the owner/developer
Chapter 5
A sales associate failed to complete the required post license education prior to
their renewal deadline. What is the status of the sales associate license?
Void
Chapter 2
What is the purpose of the Forida Homestead protection?
, provide protection of the Homestead property from the debts of an improvident
breadwinner
Chapter 8
When a broker lists a property the owner has some landscaping done to
enchance the sale of the property. The broker recommended a landscaping
company and the company gave a referral fee to the real estate office for
spending them business. What would this arrangement be considered?
Legal if the referral fee were disclosed to the owner.
Chapter 13
A real estate office may receive a referral fee if it disclosed and does not violate
any other law such as not having any other type of license required or RESPA
which says no referral fees for closing services.
Which of the following best describes a contract?
Legally binding
chapter 11
The method used by the government to exercise its power of eminent domain is
called what?
Condemnation
Chapter 9
Tony is a broker and decides to move his office from Fort Lauderdale to
Orlando. He has 12 associates registered under him. What are the sales
associates responsibilities?
They may continue working for Toy without filing any forms with the DBPR
Chapter 5
Which of the following statements best describes the secondary mortgage
market?
It is where loans originated in the primary market are sold.
Chapter 13
Dawn owns a six-story apartment building. She is concerned for the safety of
her tenants so she decides that families with small children may only rent on the
first or second floor. Is this an acceptable policy?
