FL State Real Estate Exam Practice
Test Question with Correct Answers
A freehold estate is __________. - ANSWERSAn estate of uncertain duration
a person who owns an undivided interest in land with at least one other, and has the
right of survivorship, is said to be a(n) __________. - ANSWERSJoint tenant
Dower rights are rights that assure that's __________. - ANSWERSDowagers may
have property rights
As used in real estate practices, the land of a riparian owner borders on: __________. -
ANSWERSA river, a stream, or a watercourse
Governmental land use planning & zoning are important examples of _________. -
ANSWERSUse of police power
The covenant of "quiet enjoyment" most directly relates to __________. -
ANSWERSPossession of real property
In the purchase of a new condominium unit from a developer, the recession period is
__________. - ANSWERS15 days
In the purchase of a new condo unit, if the developer supplements disclosure with
documents that are negative to the purchase, the purchaser may rescuing within
__________ of receipt of the additional documents. - ANSWERS15 days
A licensee can lose his license for this reason ____________. - ANSWERSPaying a
commission to a nonlicensed person.
In order to sell property belonging to a trust for which he is trustee, the trustee must
have a ____________. - ANSWERSnothing - no broker or sales associate license
necessary.
A person who is employed to sell real estate ____________. - ANSWERSmust be
licensed, be an agent, be paid a salary or commission
Licensed sales associate Flemiing is independently wealthy. She feels that real estate
brokerage is potentially a very lucrative business. However, she has tried and failed to
pass the broker's examination numerous times. She forms a corporation , XYZ Realty,
Inc., of which she owns 75% of the shares. The other 25% are owned by Broker
Hansen, who has agreed to be the broker of the company. Does this agreement violate
the law? - ANSWERSYes
Test Question with Correct Answers
A freehold estate is __________. - ANSWERSAn estate of uncertain duration
a person who owns an undivided interest in land with at least one other, and has the
right of survivorship, is said to be a(n) __________. - ANSWERSJoint tenant
Dower rights are rights that assure that's __________. - ANSWERSDowagers may
have property rights
As used in real estate practices, the land of a riparian owner borders on: __________. -
ANSWERSA river, a stream, or a watercourse
Governmental land use planning & zoning are important examples of _________. -
ANSWERSUse of police power
The covenant of "quiet enjoyment" most directly relates to __________. -
ANSWERSPossession of real property
In the purchase of a new condominium unit from a developer, the recession period is
__________. - ANSWERS15 days
In the purchase of a new condo unit, if the developer supplements disclosure with
documents that are negative to the purchase, the purchaser may rescuing within
__________ of receipt of the additional documents. - ANSWERS15 days
A licensee can lose his license for this reason ____________. - ANSWERSPaying a
commission to a nonlicensed person.
In order to sell property belonging to a trust for which he is trustee, the trustee must
have a ____________. - ANSWERSnothing - no broker or sales associate license
necessary.
A person who is employed to sell real estate ____________. - ANSWERSmust be
licensed, be an agent, be paid a salary or commission
Licensed sales associate Flemiing is independently wealthy. She feels that real estate
brokerage is potentially a very lucrative business. However, she has tried and failed to
pass the broker's examination numerous times. She forms a corporation , XYZ Realty,
Inc., of which she owns 75% of the shares. The other 25% are owned by Broker
Hansen, who has agreed to be the broker of the company. Does this agreement violate
the law? - ANSWERSYes
