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LET’S PRACTICE!
#1. Which of the following is a requirement for a Florida broker license?
#2. A broker receives conflicting demands for escrow funds. What must they do within 30 days?
#3. What is the primary purpose of zoning laws?
#4. Which type of ownership includes survivorship rights?
#5. How is market value best defined?
#6. In Florida, a real estate license is issued for how many years?
#7. A deed must be signed by:
#8. What does the statute of frauds require?
#9. What type of estate grants ownership for a limited time?
#10. Which deed gives no warranties?
#11. Which disclosure is required in all residential sales contracts?
#12. Who prepares the closing disclosure in most residential closings?
#13. What is the purpose of a CMA (Comparative Market Analysis)?
#14. What is the maximum amount the recovery fund will pay for multiple judgments against one licensee?
#15. Which form of agency is presumed in residential transactions in Florida?
#16. Which party usually pays for title insurance in Florida?
#17. What is the purpose of the saving clause in a contract?
#18. What is the term for increasing property value due to external improvements?
#19. A broker must display which license in the office?
#20. When a licensee voluntarily relinquishes a license, it becomes:
#21. How long does a licensee have to inform the DBPR of a criminal conviction?
#22. The income approach to value uses which formula?
#23. Who holds the legal title in a lien theory state like Florida?
#24. A variance is used when:
#25. Which of the following is a protected class under the Fair Housing Act?
#26. What is a writ of supersedeas?
#27. The statute of limitations for a written contract in Florida is:
#28. In a sale-leaseback, who becomes the tenant?
#29. What is the name of the clause that prevents assumption without lender approval?
#30. Which document transfers a tenant’s interest in a lease?
#31. Which of the following contracts must be in writing to be enforceable?
#32. A special assessment tax is used to pay for:
#33. What is the term for loss in value due to functional inadequacy?
#34. A valid deed must contain all of the following except:
#35. What is required for a deed to be valid?
#36. The interest held by a tenant is called a:
#37. Which mortgage clause benefits the borrower?
#38. What happens when the terms of a mortgage are fully satisfied?
#39. A broker can begin working as a property manager when:
#40. What is the term for a broker mixing escrow funds with personal funds?
#41. A closing disclosure must be given to the borrower how many days before closing?
#42. Which legal principle allows the government to regulate land use?
#43. Which fiduciary duty continues after the agency relationship ends?
#45. A lease with a definite beginning and end date is a:
#46. A legal description that uses direction and distance is called:
#47. What is the purpose of earnest money?
#48. A developer of more than 20 new units must provide a:
#49. Which document is used in a tax-deferred exchange?
#50. An oral contract to sell real estate is:
