Florida Real Estate Broker Exam| 100 Questions| Correct Answers| Verified!!

A sales associate was asked by an Asian couple to show them homes located in areas where families were also Asian. The couple felt they would be more at home with other Asian families. How should the agent respond? A) Explain why Asian areas are great areas to live in. B) Explain the Fair Housing Act and show the buyers through the MLS, all homes they are eligible to purchase. The buyers will then choose where they wish to look. C) Talk about how most of the families in Brooklyn Heights are Asian, and there are a variety of Thai, Japanese, and Vietnamese families in the area. D) Tell them that because her only language is English, she cannot communicate with the Asian families, but will find someone to help them. - ANSWER B) Explain the Fair Housing Act and show the buyers through the MLS, all homes they are eligible to purchase. The buyers will then choose where they wish to look. Annualized debt service on an investment piece of property most nearly means: A) The amount of the monthly principal and interest, annualized. B) The amount the investor owes for their liabilities. C) The amount of money needed for a down payment. D) The amount of money used in effective gross income. - ANSWER A) The amount of the monthly principal and interest, annualized. What type of disclosure is required for ad valorem taxes to the buyer? A) There is no disclosure required. It is up to the buyer to find out for himself. B) The buyer should be provided a statement either in the contract or on a separate document that the buyer should not rely on the seller's current taxes as the amount the buyer will have to pay. C) The taxes the buyer has to pay will be much higher after the closing on the property, so it doesn't have to be disclosed at closing. D) No disclosure is required under Florida law for the current taxes of the seller. - ANSWER B) The buyer should be provided a statement either in the contract or on a