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LET’S PRACTICE!
#1. Which entity regulates real estate in the state of Florida?
#2. A broker who has conflicting demands for escrow funds must notify the FREC within:
#3. The legal process by which a government takes private land for public use is:
#4. A licensee who fails to complete post-licensing education must:
#5. Which term refers to a temporary, revocable right to use another’s property?
#6. What must a sales associate do before starting work for a new broker?
#7. How often must a broker reconcile escrow accounts?
#8. Which appraisal approach is best for unique properties?
#9. A broker must deposit escrow funds within how many business days after receiving them?
#10. What type of deed provides the greatest protection to the grantee?
#12. Which of the following is a lien on real property?
#13. When a buyer assumes a mortgage, they become:
#14. Which action requires a real estate license?
#15. The Real Estate Settlement Procedures Act (RESPA) applies to:
#16. Which tenancy is characterized by equal ownership without survivorship?
#17. What type of listing is illegal in Florida if it does not disclose a price?
#18. How long is a real estate license application valid?
#19. What is the maximum penalty for a third-degree felony under Florida law?
#20. Which activity is an example of blockbusting?
#21. The income capitalization approach is most appropriate for:
#22. The rectangular survey system is also known as the:
#23. Which type of agent has the broadest authority?
#24. What does the defeasance clause in a mortgage provide?
#25. A property manager is usually considered a:
#26. What is a deed restriction?
#27. Which is a physical characteristic of land?
#28. How many hours of continuing education are required every renewal period?
#29. A property is sold ‘as is’. What must still be disclosed?
#31. The loss of land due to washing away by water is called:
#32. What type of lease requires the tenant to pay property taxes and insurance?
#33. The doctrine of caveat emptor means:
#34. The document that outlines the relationship between broker and seller is the:
#35. Which of the following is an example of involuntary alienation?
#37. A subdivision plat map is used in which type of legal description?
#38. In Florida, how much is the homestead tax exemption for a qualifying resident?
#39. What is the minimum age to obtain a real estate license in Florida?
#40. Which clause protects the borrower from the lender claiming full ownership after debt is paid?
#41. In which business structure is at least one general partner required?
#42. Which of the following terminates a listing agreement?
#43. A buyer wants to ensure title is good and marketable. What should they obtain?
#44. Which action is legal under the Fair Housing Act?
#45. How is a sales associate license renewed after expiration?
#46. The IRS classifies real estate licensees as:
#47. How is an appraiser’s fee typically determined?
#48. The habendum clause in a deed describes:
#49. A developer must register a subdivision with how many lots with the CFPB?
#50. Which of these is a federal law affecting advertising in lending?
