post license real estate florida 45 hour Exam
Questions and Correct Answers 2025 (A+
Graded)
An economic recovery is defined as
A)
two successive quarterly declines in the gross domestic product.
B)
two successive quarterly increases in the gross domestic product.
C)
a period of higher housing prices.
D)
two successive periods of stock market gains. - ✔✔ANSWER ✔✔-B)
two successive quarterly increases in the gross domestic product.
,Explanation
When consumers, lured by lower prices, venture back into the market,
business activity increases and confidence begins to return. Slowly,
production facilities gear up to meet the new consumer demand,
capital begins to flow back into business enterprises, and additional
employees are hired.
The three types of operating expenses of an income property are
A)
fixed, debt service, and reserves for replacements.
B)
reserves for replacements, fixed, and variable.
C)
variable, income taxes, and fixed.
D)
reserves for replacements, variable, and income taxes. - ✔✔ANSWER
✔✔-B)
reserves for replacements, fixed, and variable.
Explanation
Operating expenses are divided into three categories: fixed expenses,
variable expenses, and reserves for replacement.
,A person applies for a $300,000, 30-year fixed-rate mortgage loan at
4%. The mortgage payment factor is .00477415. Taxes for the year are
$4,000, and insurance is $2,400. Her monthly payment for principal,
interest, taxes, and insurance (PITI) will be
A)
$1,432.25.
B)
$1,773.64.
C)
$1,273.64.
D)
$1,965.58. - ✔✔ANSWER ✔✔-D)
$1,965.58.
58. $300,000 × .00477415 = $1,432.25 principal and interest. $4,000
taxes ÷ 12 months = 333.33. $2,400 insurance ÷ 12 months = 200.
$1,432.25 + $333.33 + $200 = $1,965.58 total PITI.
A sales associate receives a good-faith deposit from a buyer on
Wednesday. The broker must deposit the funds into the escrow
account no later than the following
A)
Tuesday.
B)
, Monday.
C)
Thursday.
D)
Friday. - ✔✔ANSWER ✔✔-B)
Monday.
FREC rules require that the sales associate must give the broker the
funds within one business day. The broker must deposit the funds in a
bank within three business days.
The minimum legal description for a platted subdivision would include
A)
street address, lot and block number, and subdivision name.
B)
county, lot and block number, name of subdivision, and lot dimensions.
C)
subdivision name, county, reference to section, township, and range.
D)
subdivision name, county, lot and block number, plat book and page
number. - ✔✔ANSWER ✔✔-D)
subdivision name, county, lot and block number, plat book and page
number.
Questions and Correct Answers 2025 (A+
Graded)
An economic recovery is defined as
A)
two successive quarterly declines in the gross domestic product.
B)
two successive quarterly increases in the gross domestic product.
C)
a period of higher housing prices.
D)
two successive periods of stock market gains. - ✔✔ANSWER ✔✔-B)
two successive quarterly increases in the gross domestic product.
,Explanation
When consumers, lured by lower prices, venture back into the market,
business activity increases and confidence begins to return. Slowly,
production facilities gear up to meet the new consumer demand,
capital begins to flow back into business enterprises, and additional
employees are hired.
The three types of operating expenses of an income property are
A)
fixed, debt service, and reserves for replacements.
B)
reserves for replacements, fixed, and variable.
C)
variable, income taxes, and fixed.
D)
reserves for replacements, variable, and income taxes. - ✔✔ANSWER
✔✔-B)
reserves for replacements, fixed, and variable.
Explanation
Operating expenses are divided into three categories: fixed expenses,
variable expenses, and reserves for replacement.
,A person applies for a $300,000, 30-year fixed-rate mortgage loan at
4%. The mortgage payment factor is .00477415. Taxes for the year are
$4,000, and insurance is $2,400. Her monthly payment for principal,
interest, taxes, and insurance (PITI) will be
A)
$1,432.25.
B)
$1,773.64.
C)
$1,273.64.
D)
$1,965.58. - ✔✔ANSWER ✔✔-D)
$1,965.58.
58. $300,000 × .00477415 = $1,432.25 principal and interest. $4,000
taxes ÷ 12 months = 333.33. $2,400 insurance ÷ 12 months = 200.
$1,432.25 + $333.33 + $200 = $1,965.58 total PITI.
A sales associate receives a good-faith deposit from a buyer on
Wednesday. The broker must deposit the funds into the escrow
account no later than the following
A)
Tuesday.
B)
, Monday.
C)
Thursday.
D)
Friday. - ✔✔ANSWER ✔✔-B)
Monday.
FREC rules require that the sales associate must give the broker the
funds within one business day. The broker must deposit the funds in a
bank within three business days.
The minimum legal description for a platted subdivision would include
A)
street address, lot and block number, and subdivision name.
B)
county, lot and block number, name of subdivision, and lot dimensions.
C)
subdivision name, county, reference to section, township, and range.
D)
subdivision name, county, lot and block number, plat book and page
number. - ✔✔ANSWER ✔✔-D)
subdivision name, county, lot and block number, plat book and page
number.
