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Bob Hogue Florida Real Estate Final Exam With Questions And 100% SURE ANSWERS
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JACKLINEBob Hogue Florida Real Estate Final Exam With Questions And 100% SURE
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Terms in this set (236)
In Florida, real property is assessed on January 1 of January 1, the same year.
each year, and property taxes become a lien on the
property on
Failure to comply with the statute of frauds will an unenforceable contract.
result in
A woman has homesteaded her residence. Her $51,000
home has an assessed value of $279,000. She is a
nonveteran who is totally and permanently disabled
as a result of a serious car accident. She is also
legally blind. What is her cumulative county tax
Bob Hogue Florida Real Estate Final Exam
exemption on her homesteaded residence?
, A developer who wants to develop a new a subdivision plat map to the planning commission.
subdivision must submit
Individuals who solicit mortgage loans, accept loan originators.
applications for mortgage loans, and negotiate the
terms of new mortgage loans on behalf of a
borrower are called mortgage
The following taxes were paid at the closing of a $220,000
new home: $1,540 state documentary stamp tax on
the deed, $693 state documentary stamp tax on the
note, and $396 state intangible tax on the
mortgage. What was the purchase price of the
home?
Which statement is FALSE regarding advertising? The brokerage firm's address is required in all advertising.
A broker's license was involuntary inactive for two FREC Course I and pass the sales associate's licensing exam.
years and one month. To operate again as an active
licensee, the broker must complete
A comparable property has one more bedroom minus $10,000 to the comparable property.
($8,000) and is on a slightly larger lot ($2,000) than
the subject property. The comparative market
analysis requires a net adjustment of
If a seller refuses to pay a broker her sales file a suit in the courts for her commission.
commission after the residential property is sold, the
broker may
Which variable does NOT influence demand? Availability of construction loans
A property closes on June 10, with the day of closing Debit to seller and credit to buyer in the amount of $252.43
charged to the buyer. The buyer is assuming the
seller's mortgage loan with its principal balance of
$227,500 at 4.5% interest. Which entry will appear on
the Closing Disclosure?
The formula to calculate the overall capitalization NOI ÷ value (or price).
rate is
Bob Hogue Florida Real Estate Final Exam
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