WorksheetsFlorida Real Estate Exam Practice
Total questions: 11
Worksheet time: 22mins
After retrieving written notifications from the landlord, intending to impose a claim for damages upon the security deposit of the tenant, how many days does the tenant have to object in writing to the deduction from the security deposit?
30
15
45
10
The lien that is superior or takes priority over each other is a what?
Judicial lien
Mechanics lien
Property tax lien
Federal lien
The monetary policy in the United States affects interest rates for home loans by controlling the availability of money. Who determines this monetary policy?
The DBPR
Monetary Policy
Federal Reserve System
The FREC Commission
A licensed real estate sales associate in the employ of a broker has what?
The same obligation to the broker's client and customers as the broker.
Same obligation to Principal
Fiduciary Relationship.
Seller's obligation
A sales associate has an argument with his broker and immediately goes to work for another broker. Which of these is a correct statement?
Sales associates license is void
Sales associate must be registered with FREC under the new broker before working there
Sales associates license is involuntarily inactive
Sales associate cannot work with another broker immediately
The cost of a mortgage states as a yearly rate that includes such items such as interest, mortgage insurance, and loan origination fees (points) is known as what?
Gross Income Multiplier
Annual Percentage Rate
Annual Percentage Ratio
Comparative Sales Approach
A beneficial interest in real estate which implies that an individual will receive legal title at a future date is known as what?
Title
Equitable title
Liquidity
Equity
The Comparative Market Analysis (CMA) is very similar to the comparative sales approach, which means?
Adjustments are made to the comparable properties.
Adjustments are made to the subject properties.
Both A and B
Neither
Anything that is permanently fastened or connected to land is what?
Fixture
Real property
Lien
Encumberance
Customarily, the state documentary stamp tax on the deed will show up on the closing disclosure as what?
Credit to the buyer, unless agreed upon for the seller to pay for it
Credit to the buyer
Debit to the seller
Debit to the seller, unless agreed upon for the buyer to pay it.
A broker receives a listing on a home he knows to be perfect for his best friend. The home is being sold because of a divorce, and the broker knows the owners will accept a substantially lower bid than the listed price. The broker should tell his best friend what?
Disclose that the seller will take a lower bid
Nothing, but present to the owner any offer that his friend wishes to make.
Convince buyer to make a high offer to collect more commission
Disclose the divorce
