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FL Real Estate Class Exam Questions Solved 100% Correct| Verified
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FL Real Estate Class Exam Questions Solved 100% Correct| Verified
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FL Real Estate Class Exam Questions Solved100% Correct| Verified
Jacob got a new home loan to purchase his home. He went to a local savings and loan
and signed a deed of trust as part of his closing. What is the lender called in the deed of
trust? - ✔✔Mortgagee
The buyer of an industrial complex wants the broker to place the earnest money in an
interest bearing account. The broker does this, clearly identifying all parties who are to
receive the interest and the date the earned interest is to be dispersed. With only the
verbal consent of the buyer, he places the money in an insured account in a depository
in Florida. When the time comes to disburse the account, the broker will write a check
to the buyer for the interest as the buyer agreed. How would you describe this
situation? - ✔✔The broker is able to follow the buyers instructions and has complied
with Florida Law
The federal government allows a homeowner certain deductions when filing the long
form for income tax. Which is not an allowable deduction? - ✔✔Hazard insurance
premiums
Neighbors have gotten into a quarrel over a black walnut tree that sits on Mr Jone's
property. The limbs extend over to Mr. Simpson's property, and the fruit falls
everywhere. Mr. Simpson wants the limbs removed. Does he have legal reason for doing
this? - ✔✔Yes. The tree is legally invading Mr. Simpson's air space and is an
encumbrance on the property.
A prospective buyer submits an offer to purchase a home for $256,000. The seller
changes the price to $260,000, initials the changes, signs the offer and sends it back to
the purchaser. What has occurred here? - ✔✔The seller rejected the initial offer and
has become the offeror of the counter offer.
, A listing contract that spells out terms and conditions for the seller and broker is what
type of agency agreement? - ✔✔Written or Expressed agency agreement
At a listing apt. the seller of a large home on the water gives special instructions to the
sales associate to only show the home to a certain class of people. the sales associate
clearly tells the seller this is an act of discrimination, but the owner insists. The sales
associate should? - ✔✔Refuse the listing
What is the major difference between acquiring title by voluntary alienation compared
to involuntary alienation? - ✔✔Voluntary alienation means the grantor is involved in
the transfer of the deed, and involuntary alienation the grantor is not involved or it is
against his wishes.
Richard and Catherine are man and wife. They own a home in Florida by the entirety
and live there all year. Katherine came home from work to find that her husband sold
the home without her knowledge or consent. Richard says he is entitled to do this since
this is the way they own the property. What about tenancy by the entirety is not true? -
✔✔Tenancy by the entireties allows for each person to be able to sell his/her interest
independent of the other.
Which side of the Tallahassee Principal Meridian is Range E1? - ✔✔East
Peter held a sale associate license. He renewed it by completing the post licensure class
on time, but he filled out the wrong renewal form fraudulently. He was discovered by
the FREC and his license was revoked. Can Peter ever apply for a new license again? -
✔✔Peter can apply for the license , but is not likely to receive it
The FREC's authority to impose disciplinary actions on a licensee is part of its? -
✔✔Quasi-Judicial Powers
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