FLORIDA 2-20 STATE EXAM AND PRACTICE EXAM (FINAL EXAM) NEWEST ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+.pdf

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EXAM AND STUDY GUIDE | NEWEST ACTU n n n n n n




AL EXAM COMPREHENSIVE QUESTIONS A
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ND VERIFIED ANSWERS GRADED A+ | 100%
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PASS | 2025 UPDATE! n n n




A father deeds a property to his daughter for her lifetime. After the daug
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hter's death, in accordance with the deed, the property is to pass to the f
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ather's grandson. What interest, if any, does the grandson have in the pro
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perty?
a. The grandson has no interest in the property until the grandfather d
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ies.
b. The grandson has a life estate in the property.
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c. The grandson is a contingent remainder-man in a leasehold estate.
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d. The grandson is a vested remainderman in a remainder estate. -
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✔✔✔ Correct Answer > d. The grandson is a vested remainderman in a
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remainder estate. n




One criterion used to determine if an item in real property is a fixture is w
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hether the real property would be damaged by removing the item in ques
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tion. What "test" for fixtures does this describe?
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a. Intent of the parties n n n




b. Relationship of the parties n n n

,c. Method or degree of attachment n n n n




d. Adaptation of the item - n n n n



n✔✔✔ Correct Answer > c. Method or degree of attachment
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Lenders will often use what type of deed to convey property to a new buy
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er that has been taken back through a foreclosure proceeding?
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a. Quitclaim deed n




b. General warranty deed n n




c. Special warranty deed n n




d. Bargain and sale deed - n n n n



n✔✔✔ Correct Answer > c. Special warranty deed
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The buyer's or seller's signature is required on which brokerage relations
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hip disclosure before the licensee may continue?
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a. No brokerage relationship notice
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b. Single agent notice n n




c. Consent to transition to transaction broker notice
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d. Transaction broker notice - n n n



n✔✔✔ Correct Answer > c. Consent to transition to transaction broke
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r notice
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Developers of new cooperative units must give buyers a disclosure which
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informs buyers that they may cancel within how many days of signing the
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contract?
a. 3 business days
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,b. 10 business days n n




c. 10 calendar days n n




d. 15 calendar days - ✔✔✔ Correct Answer > d. 15 calendar days
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Two buyers purchased a three story building and took title as legal joint te
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nants. One died testate. The surviving owner now owns the building.
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a. as a tenant by the entirety.
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b. in severalty n




c. in absolute ownership under the law of descent
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d. subject to the terms of the deceased owner's will. -
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n✔✔✔ Correct Answer > b. in severalty
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An interest in real property that exists for a designated period, created by
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a properly executed lease agreement, is
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a. a freehold estate
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b. an estate for years
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c. a tenancy at will
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d. a fee simple estate - ✔✔✔ Correct Answer > b. an estate for years
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The type of time share ownership that the usage rights revert back to the
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developer-seller is n




a. interval ownership n




b. right to use n n

, c. ownership in severalty n n




d. life estate - ✔✔✔ Correct Answer > b. right to use
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A mother deeded a beachfront villa to her son who suffered from a termi
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nal illness. The deed specified that the property was to return to the moth
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er or her heirs when the son died. The estate owned by the mother, or he
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r heirs is
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a. a conventional life estate
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b. a fee simple estate
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c. an estate for years n n n




d. an estate in reversion -
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n✔✔✔ Correct Answer > d. an estate in reversion
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Salaried employees sell time-share units for a large owner-
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developer in Ft. Myers, Florida. Each Christmas, the employees receive a
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year-
end bonus based on sales production for the year. Must the employees b
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e licensed as real estate sales associates?
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a. No, the employees are exempt from a real estate license because t
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hey work for an owner-developer
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b. Yes, they must be licensed as real estate sales associates because p
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art of the compensation is based on real estate sales production
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c. No, they are exempt from a real estate license because the e
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mployees must hold a time-share license. n n n n n




d. Yes, they must be licensed as real estate sales associates because th
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ey perform services of real estate for an owner-developer. - ✔✔✔
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