GOLD COAST REAL ESTATE CORE MANUAL UPDATED
EXAM QUESTIONS AND ANSWERS GRADED A+
✔✔Steering or channeling - ✔✔Steering an individual away from a neighborhood, of
location on the basis of race, color, origin, religion, sex .... etc
✔✔Redlining - ✔✔a practice in which banks refuse to make loans to people living in
certain geographic locations
✔✔Americans with Disabilities Act - ✔✔Passed by Congress in 1991, this act banned
discrimination against the disabled in employment and mandated easy access to all
public and commerical buildings.
✔✔Surety Bond - ✔✔This can be commingled with other funds of the land lord
✔✔Return of Security Deposit - ✔✔Upon the tenants vacating of the premises, the
landlord has 15 days to _________ including accrued interest, if any, if there is no
intention of making a claim for damages against the deposit.
✔✔Federal law for solicitation - ✔✔Calls before 8am and after 9pm are subject to a fine
of $40000 per call
✔✔Real property - ✔✔physical property such as land and improvements. Bundle of
rights
Air rights
surface rights
Subsurface rights
✔✔Riparian rights - ✔✔rights that govern the use of flowing water, such as rivers and
streams that pass through or border a property
✔✔accretion - ✔✔The opposite of erosion
Increase of land
✔✔IRMA - ✔✔Interest
Relationship
Method of Annexation
Adaption
If appliances are replaced you sue them using ______
✔✔Estate in severalty - ✔✔owned by one person; sole ownership
, ✔✔Tenancy in common - ✔✔form of co-ownership in which the shares may be unequal
and there is no right of survivorship
✔✔Joint Tenancy - ✔✔A form of co-ownership that includes the right of survivorship.
✔✔Tenancy for years - ✔✔A non freehold estate where the tenant is in lawful
possession of the property under the landlord for a specified period of time
✔✔Florida Constitution exempts homestead property - ✔✔One half acre if the
homestead is located within a municipality, 160 acres of located outside of a
municipality
Can foreclose if mortgage, property taxes, condo or HOA, and contractor payments are
not payed.
✔✔Seller - ✔✔OR
✔✔Buyer - ✔✔EE
✔✔Opinion title - ✔✔When an attorney conducts such a review and renders a written
opinion.
✔✔Abstracts - ✔✔The history of the title to a property and is rendered useless unless
an experienced attorney reviews it and forms a legal opinion on the quality of the title
✔✔Voluntary alienation - ✔✔Deed
Will
✔✔Involuntary alienation - ✔✔Escheat
Eminent Domain
Adverse possession
✔✔Valid deed requirements - ✔✔Consideration/money must be declared
Legal description of the property
Grantee is not required to sign only voluntarily accepted
✔✔Premises clause - ✔✔Another word for Granting clause
✔✔Quitclaim deed - ✔✔Best type of deed from the grantor and most frequently used to
clear defects in title
EXAM QUESTIONS AND ANSWERS GRADED A+
✔✔Steering or channeling - ✔✔Steering an individual away from a neighborhood, of
location on the basis of race, color, origin, religion, sex .... etc
✔✔Redlining - ✔✔a practice in which banks refuse to make loans to people living in
certain geographic locations
✔✔Americans with Disabilities Act - ✔✔Passed by Congress in 1991, this act banned
discrimination against the disabled in employment and mandated easy access to all
public and commerical buildings.
✔✔Surety Bond - ✔✔This can be commingled with other funds of the land lord
✔✔Return of Security Deposit - ✔✔Upon the tenants vacating of the premises, the
landlord has 15 days to _________ including accrued interest, if any, if there is no
intention of making a claim for damages against the deposit.
✔✔Federal law for solicitation - ✔✔Calls before 8am and after 9pm are subject to a fine
of $40000 per call
✔✔Real property - ✔✔physical property such as land and improvements. Bundle of
rights
Air rights
surface rights
Subsurface rights
✔✔Riparian rights - ✔✔rights that govern the use of flowing water, such as rivers and
streams that pass through or border a property
✔✔accretion - ✔✔The opposite of erosion
Increase of land
✔✔IRMA - ✔✔Interest
Relationship
Method of Annexation
Adaption
If appliances are replaced you sue them using ______
✔✔Estate in severalty - ✔✔owned by one person; sole ownership
, ✔✔Tenancy in common - ✔✔form of co-ownership in which the shares may be unequal
and there is no right of survivorship
✔✔Joint Tenancy - ✔✔A form of co-ownership that includes the right of survivorship.
✔✔Tenancy for years - ✔✔A non freehold estate where the tenant is in lawful
possession of the property under the landlord for a specified period of time
✔✔Florida Constitution exempts homestead property - ✔✔One half acre if the
homestead is located within a municipality, 160 acres of located outside of a
municipality
Can foreclose if mortgage, property taxes, condo or HOA, and contractor payments are
not payed.
✔✔Seller - ✔✔OR
✔✔Buyer - ✔✔EE
✔✔Opinion title - ✔✔When an attorney conducts such a review and renders a written
opinion.
✔✔Abstracts - ✔✔The history of the title to a property and is rendered useless unless
an experienced attorney reviews it and forms a legal opinion on the quality of the title
✔✔Voluntary alienation - ✔✔Deed
Will
✔✔Involuntary alienation - ✔✔Escheat
Eminent Domain
Adverse possession
✔✔Valid deed requirements - ✔✔Consideration/money must be declared
Legal description of the property
Grantee is not required to sign only voluntarily accepted
✔✔Premises clause - ✔✔Another word for Granting clause
✔✔Quitclaim deed - ✔✔Best type of deed from the grantor and most frequently used to
clear defects in title
