FL Real Estate License Practice Exam 1 Questions and Answers (Graded A)

FL Real Estate License Practice Exam 1 Questions and Answers (Graded A)FL Real Estate License Practice Exam 1 Questions and Answers (Graded A)FL Real Estate License Practice Exam 1 Questions and Answers (Graded A) Steve deeded to his father a home for as long as his father was alive. One stipulation to the deed was that the property would be passed to the local Youth Center upon the death of Steve's father. What type of estate does the Youth Center have? a. A reversion estate b. A remainder estate c. A life estate d. An estate for years - ANSWER-B A property that has been declared as a homestead has which of the following rights? a. It is exempt from any foreclosure. b. It is created in favor of the head of household. c. Up to 160 acres of a properties located within the municipality is protected. d. All of the above - ANSWER-B A lease that has a beginning date, an ending date, and is in writing is known as a: a. Tenancy for years b. Tenancy in common c. Tenancy at will d. Tenancy at sufferance - ANSWER-A Once taxes and debt are discharged, which of the following percentages of real property would a widow with two children receive after her husband's death if the property had been owned as tenants by the entireties?