ARE YOU READY?
LET’S PRACTICE!
#1. What is the purpose of a deed restriction?
#2. Which government power allows zoning laws?
#3. Which of the following is an example of involuntary alienation?
#4. A broker must keep records for how long?
#5. Which ownership includes the right of survivorship?
#6. A property owner dies intestate. What happens?
#7. Which clause protects a lender’s interest if the borrower fails to pay?
#8. A lease with a specific termination date is a:
#9. How is the real estate market best described?
#10. In which tenancy does each owner have an undivided interest with no survivorship?
#11. A real estate broker is primarily a(n):
#12. What is the primary role of a closing agent?
#13. An option contract is:
#14. The secondary mortgage market does what?
#15. A credit to the buyer at closing could be for:
#16. A property’s value drops because of nearby factory pollution. This is:
#17. Which is a test of a fixture?
#18. The legal description using sections, townships, and ranges is called:
#19. An improvement that adds more value than it costs demonstrates:
#20. A transaction broker provides:
#21. Who regulates advertisements for real estate services?
#22. A borrower receives a Loan Estimate. When must the Closing Disclosure be provided?
#23. A sales associate may hold an active license under how many brokers at once?
#24. What is the purpose of zoning?
#25. The bundle of legal rights includes all except:
#26. Which document transfers property title from seller to buyer?
#27. Who usually pays the state documentary stamp tax on the deed in Florida?
#28. What is the maximum payment per transaction from the Real Estate Recovery Fund?
#29. Which appraisal principle applies when a buyer won’t pay more than necessary?
#30. An unlicensed assistant may legally:
#31. The interest held by a tenant is known as:
#32. The difference between a property’s market value and mortgage debt is:
#33. Which statement is true about VA loans?
#34. What is a blanket mortgage?
#35. An ‘as is’ contract means:
#36. The rescission period for a timeshare sold by a developer is:
#37. A homeowner exemption is deducted from the:
#38. A CMA is prepared by:
#39. What does a real estate brokerage general partnership need to operate?
#40. Which element is not essential to a valid real estate contract?
#41. How is an easement typically created?
#42. The rule against commingling prohibits mixing:
#43. A tenancy by the entireties exists between:
#44. The DBPR is part of which branch of government?
#45. The FL statute governing real estate is:
#46. In a real estate sale, which item is typically prorated?
#47. Who handles complaints against licensees?
#48. What must a licensee do if escrow dispute arises and no resolution in 30 days?
#49. In which form of co-ownership can a corporation hold title?
#50. Which is an example of economic obsolescence?
