State Exam FLORIDA REAL ESTATE Questions and Answers 2024/2025
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Course
Real estate
Institution
Real Estate
When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate
→ the licensee's license will be automatically suspended, the max. amount that can be
reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees
and court costs
Which of the followin...
State Exam FLORIDA REAL ESTATE
Questions and Answers 2024/2025
When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate
→ the licensee's license will be automatically suspended, the max. amount that can be
reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees
and court costs
Which of the following is true regarding the Florida RE commission?
→ Two members do not have to have a Florida Real Estate license
The Fair Housing Act prohibits discrimination based on
→ Race, color, religion, national origin, sex, familial status, handicap
A piece of property that is 400 feet by 325 feet is
→ 3 acres
The truth in lending act
→ gives a consumer the right to rescind a mortgage secured by his homestead
Who can renew their initial Florida real estate license without post license education?
→ A person that graduated with a university with a 4 year degree in real estate
→ this contract can be enforced in a court by the child
Price Fixing is
→ a violation of Sherman-clayton antitrust law
In a joint tenancy
→ has the right of survivorship and owners acquire interest at the same time
An expressed contract
→ is unambiguous
To become the chairman of the Florida Real Estate Commission
→ a member is elected by his or her peers
A florida Real Estate license
→ has an expiration date on it, expires biennially, serves as prima facie evidence that
the holder is properly licensed
Florida Real estate licensee cannot promise to re-purchase property back in the future unless
→ a guaranteed re-purchae agreement has been approved by the state of florida
A florida real estate salesman must turn escrow money over to his broker
→ before the end of the business day following the day he received the money
A florida real estate broker can have
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