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Real Estate Exam FL Sales Associate Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass $13.49   Add to cart

Exam (elaborations)

Real Estate Exam FL Sales Associate Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

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  • Course
  • Champions Real Estate Finance
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  • Champions Real Estate Finance

Real Estate Exam FL Sales Associate Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

Preview 3 out of 30  pages

  • August 22, 2024
  • 30
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Champions Real Estate Finance
  • Champions Real Estate Finance
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Real Estate Exam FL Sales Associate.pdf file:///C:/Users/HP/Desktop/NIW/Real%20Estate%20Exam%20FL%2




Real Estate Exam FL Sales Associate



1. A property owner who does not reside on the property and who usually relies on a

property manager to oversee the investment

ANS Absentee Owner

2. A compilation of the recorded documents relating to a parcel of land from which an

attorney may give an opinion as to the condition of title (a history of title)

ANS Abstract of Title

3. A condition in a loan contract that permits the lender to require immediate repayment

of the entire loan balance of the loan if the contract is breached or conditions for

repayment occur, such as sale or demolition

ANS Acceleration Clause

4. A written declaration by a person signing a document, given before an officer

authorized to give an oath (notary public), stating that the signing is the person's

voluntary act

ANS Acknowledgment






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5. Giving oral or written notice, presenting a deed, giving verbal notice, or physically

moving into a property

ANS Actual notice

6. According to value

ANS Ad Valorem

7. When a criminal final judgment is withheld or not recorded in public record-




ANS Adjudication Withheld

8. A mortgage loan with a calculated interest rate that may increase or de- crease

during the term of the loan

ANS Adjustable Rate Mortgage (ARM)

9. A method of acquiring title by possession under open, notorious, exclusive, and hostile

conditions for seven or more years

ANS Adverse Possession

10. A person authorized by a principal to act on the principal's behalf

ANS Agent

11. A mortgage loan that is fully repaid according to a periodic and consistent schedule

that includes both principal and interest





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ANS Amortized Mortgage

12. A supported, defended estimate of the value of property rights as of a given date

ANS Appraisal

13. An increase in a property's value

ANS Appreciation

14. The bringing together of two adjoining parcels of property under one ownership

ANS Assemblage

15. When payment is due at the end of the term

ANS Arrears

16. A transfer to another of any property, real or personal, or of any rights or estates in

said property

ANS Assignment

17. The taking over of an existing mortgage by a buyer

ANS Assumption

18. The horizontal line that runs east and west through Tallahassee that is the starting

point for all other horizontal lines north and south of Tallahassee

ANS - Base Line

19. The purchase price plus closing costs and other added improvements





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