_<\/em><\/strong><\/em><\/strong> education must be completed during the initial sales associate’s license period.
Post License<\/p>\n\n\n\nA sales associate failed to complete the required postlicense education prior to renewal. What is the status of his license?
Void<\/p>\n\n\n\n
A sales associate failed to complete the required postlicense education prior to renewal. What is the status of the license?
a. revoked
b. suspended
c. involuntarily inactive
d. void
d. Void<\/p>\n\n\n\n
To qualify for a Florida Real Estate license, an applicant must:
a. be a citizen of the United States.
b. be a Florida resident
c. be at least 21 years of age
d. have a high school education or equivalent
d. have a high school education or equivalent<\/p>\n\n\n\n
A contractor who builds on his or her own lot in the hope of finding a purchaser upon completion is building on what?
Speculative Building<\/p>\n\n\n\n
Property management has grown as a service of real estate primarily because of an increase in what?
Absentee Ownership<\/p>\n\n\n\n
An estimate of the value of property developed by a real estate licensee for use in listing or selling property is known as?
Comparative Market Analysis<\/p>\n\n\n\n
The category of construction that applies when a property owner employs a contractor to build on his or her own lot is called?
Custom Building<\/p>\n\n\n\n
A mortgage broker
a. Is the same as a mortgage banker
b. Must have a separate license
c. Originates loans
d. Must have a real estate license
b. Must have a separate license<\/p>\n\n\n\n
A real estate appraiser’s fee for professional service is based on:
The time and difficulty of the appraisal.<\/p>\n\n\n\n
A real estate appraiser’s fee for professional service is based on:
a. A percentage of the property’s gross income
b. A percentage of the fair market value of the property
c. The time and difficulty of the appraisal
d. A percentage of the property’s sales price
c. The time and difficulty of the appraisal<\/p>\n\n\n\n
A developer contracts to build a home on a buyer’s lot to the buyer’s specifications. This is an example of which type of building?
a. Tract
b. Custom
c. Speculative
d.Subdivision
b. Custom<\/p>\n\n\n\n
The continuing education requirement consists of how many hours?
14 hours<\/p>\n\n\n\n
Florida real estate sales associates that desire to become brokers must wait how many years before taking the state examination?
2 years<\/p>\n\n\n\n
An appraisal is what?
An estimate of value<\/p>\n\n\n\n
An attorney in fact:
a. must be a member of the Florida Bar.
b. may be paid a commission for services of real estate.
c. is authorized by a power of attorney to act for another.
d. is required to hold an active real estate license.
c. is authorized by a power of attorney to act for another.<\/p>\n\n\n\n
How many hours of postlicense education are required to renew a broker’s license?
a 14
b 30
c 45
d 60
d 60<\/p>\n\n\n\n
To qualify for a real estate broker’s license, an applicant must have been employed for a minimum of:
a. 6 months under one actively licensed broker.
b. 24 months under one actively licensed broker.
c. 24 months under one or more actively licensed brokers.
d. 6 months under one or more actively licensed brokers.
b. 24 months under one actively licensed broker.<\/p>\n\n\n\n
Which choice describes an exemption from the licensing requirements of Florida
Statute 475?
a. partners in real estate partnerships that receive compensation in excess of their interest in the partnership for performance of real estate services on behalf of the partnerships
b. condominium managers paid on a commission basis for rentals of less than 1 year
c. appraisers certified under Florida Statute 475, Part II, when performing brokerage services
d. attorneys performing legal duties in connection with a real estate transaction
d. attorneys performing legal duties in connection with a real estate transaction<\/p>\n\n\n\n
The agreement the state of Florida has with some other states that recognizes the
similarity in education and experience required of licensees is called:
a. reciprocity.
b. mutual recognition.
c. cooperative licensure.
d. intrastate licensing.
b. mutual recognition.<\/p>\n\n\n\n
A plumber has been appointed by a court to appraise a small business. The plumber
is:
a. in violation of F.S. 475.
b. is allowed to charge a commission.
c. may do so and be paid a fee.
d. must first be licensed under F.S. 475, Part II.
c. may do so and be paid a fee.
(May do so because he is APPOINTED BY A COURT)<\/p>\n\n\n\n
A Georgia auctioneer was asked by a local real estate broker to auction a small motel
in Jacksonville. The auction did not result in a sale. The Florida broker paid the auctioneer for out-of-pocket expenses, but did not pay a commission. It would be correct to say that the:
a. Georgia auctioneer violated the license law.
b. Florida broker did not violate the license law.
c. Florida broker is not subject to discipline by the Florida Real Estate Commission.
d. Transaction is perfectly within the license law.
a. Georgia auctioneer violated the license law.<\/p>\n\n\n\n
The Commission’s ability to impose disciplinary actions against licensees is known as what power?
Quasi-Judicial<\/p>\n\n\n\n
The rule making authority of the FREC is called what power?
Quasi-Legislative<\/p>\n\n\n\n
The FREC is composed how many members?
7<\/p>\n\n\n\n
Members of the Florida Real Estate Commission may serve no more than how many consecutive terms?
2<\/p>\n\n\n\n
Licensees that are members of the armed forces have all fees, dues and other requirements waived during their military service and for how many months after returning to civilian life?
6 months<\/p>\n\n\n\n
The Department of Business and Professional Regulation does NOT have the authority to issue a\/an:
a. cease and desist order.
b. subpoena.
c. injunction.
d. notice of noncompliance.
c. injunction<\/p>\n\n\n\n
The maximum number of years a member may serve on the Florida Real Estate Commission is:
a. 4
b. 8
c. 12
d. unlimited
d. unlimited<\/p>\n\n\n\n
A licensee that fails to renew when required to do so will have his or her license placed on?
Involuntary Inactive<\/p>\n\n\n\n
The Division of Real Estate is an administrative part of the Department of:
a. State.
b. Commerce.
c. Banking.
d. Business and Professional Regulation.
Business and Professional Regulation<\/p>\n\n\n\n
Examination questions and answers
a. are published in the Administrative Weekly before appearing in an examination.
b. may not be challenged.
c. may be reviewed .by any member of the public upon request.
d. are confidential.
d. are confidential<\/p>\n\n\n\n
Which Department issues real estate licenses?
a. State
b. Business and Professional Regulation
c. Revenue
d. Real Estate
b. Business and Professional Regulation<\/p>\n\n\n\n
Which information supplied by an applicant is public record?
a. financial information
b. test scores
c. name and address
d. medical information
c. name and address<\/p>\n\n\n\n
The Florida Real Estate Commission held a meeting for the purpose of passing a new rule. This is an exercise of which Commission power?
a. executive
b. quasi-legislative
c. quasi-judicial
d. ministerial
b. quasi-legislative<\/p>\n\n\n\n
What action may the Department take if it determines that an unlicensed person has operated in violation of a law or rule under its administration?
a. None, since the Department has no jurisdiction over unlicensed individuals.
b. It may issue an injunction prohibiting such activity in the future.
c. It may imprison the violator for up to 5 years.
d. An administrative fine of up to $5,000 may be imposed.
d. An administrative fine of up to $5,000 may be imposed.<\/p>\n\n\n\n
A real estate license expires:
a. on the date shown on the license.
b. every 2 years.
c. on the effective date.
d. at the end of 1 year.
a. on the date shown on the license.<\/p>\n\n\n\n
A sales associate failed to complete required postlicense education prior to expiration of the license period. What is the status of license?
a. active
b. voluntary inactive
c. involuntary inactive
d. null and void
d. null and void<\/p>\n\n\n\n
A sales associate is employed by a broker Monday through Friday and for a builder on weekends. The sales associate feels the added experience is beneficial especially
since both employers pay an attractive commission split. Which statement is correct?
a. The sales associate must obtain a group license.
b. Multiple licenses are required in this situation.
c. This arrangement violates the license law.
d. This is permissible if both employers agree to the arrangement.
c. This arrangement violates the license law.<\/p>\n\n\n\n
An agent that is empowered to perform a single act on behalf of his or her principal has a _______agency.
Special<\/p>\n\n\n\n
A sales associate is a __<\/em><\/strong> of the broker’s principal.
Subagent<\/p>\n\n\n\nBefore showing a property, allowing a buyer to sign an offer to buy, or a seller to sign a listing agreement, a licensee must provide the party with a written brokerage relationship form when acting in the capacity of ,<\/em><\/strong> relationship.
Single Agency, No Brokerage Relationship<\/p>\n\n\n\nA member of the public may select from one of three options when working with a broker, which are , and _<\/em><\/strong>.
Single Agency, Transaction Broker and a No Brokerage Relationship<\/p>\n\n\n\nThe Consent to Transition to Transaction Broker notice is required to be or __<\/strong><\/em><\/strong> for transition to occur.
Initialed or Signed<\/p>\n\n\n\nIf the principal refuses to sign or initial the Consent to Transition to Transaction Broker notice form, the broker is required to act as a __<\/em><\/strong><\/em>.
Single Agent<\/p>\n\n\n\nThe only brokerage relationship that includes fiduciary duties is the _ _<\/strong><\/em><\/strong>.
Single Agency<\/p>\n\n\n\nA licensee assigned by a broker to act as a single agent of a buyer or seller in a nonresidential transaction is titled a?
Designated Sales Associate<\/p>\n\n\n\n
Brokers in a nonresidential sale are not required to use?
Written Disclosures<\/p>\n\n\n\n
A transaction broker
a. is an agent of both parties.
b. has fiduciary duties to the seller.
c. has fiduciary duties to the buyer.
d. provides limited representation to both parties.
d. provides limited representation to both parties.<\/p>\n\n\n\n
Who owes fiduciary duties in an agency relationship?
a. the broker only
b. the principal only
c. both parties
d. neither party
a. the broker only<\/p>\n\n\n\n
As an agent a broker is employed by and acts on behalf of a
a. buyer.
b. seller.
c. customer.
d. principal.
d. principal<\/p>\n\n\n\n
Broker Tom sold a property listed with broker Alice. Tom was unable to attend the closing and broker Alice collected the entire commission. Should broker Alice refuse to pay broker Tom his share of the commission, broker Alice could be charged with:
a. failure to account.
b. collecting an overage.
c. commingling.
d. fraud.
a. failure to account.<\/p>\n\n\n\n
Mary, an Ohio broker, accompanied a customer to Florida and met with broker Stan in his office in Jacksonville. While Stan showed the customer property and obtained a binding contract for the purchase of a condominium, Mary took some time off and went to the beach. On returning to Stan’s office, Mary discovered Stan had written a contract and demanded a share of the commission. Which statement is correct?
a. Stan may share the commission with Mary.
b. Mary violated the real estate license law by accompanying the customer to Florida.
c. If Stan pays Mary a share of the commission, Stan will be in violation of the license law.
d. If Stan pays Marya share of the commission, both Stan and Mary will be in violation of the license law.
a. Stan may share the commission with Mary.
(As long as Mary doesn’t help out with the sale)<\/p>\n\n\n\n
Which transaction is NOT included in the definition of a residential transaction?
a. unimproved property intended for four units or less.
b. agricultural properties of 10 acres or less.
c. leases with options to purchase all or a portion of improved property of four or less residential units.
d. dispositions of business interests involving property of five or more residential units.
d. dispositions of business interests involving property of five or more residential units.<\/p>\n\n\n\n
Both parties in a transaction can pay a broker a commission when:
a. the broker has performed.
b. both parties are aware of the dual commission.
c. both parties are being represented by the broker.
d. both parties agree to the dual commission.
d. both parties agree to the dual commission.<\/p>\n\n\n\n
A broker has appointed two sales associate to act as agents in a nonresidential transaction, one for the seller and one for the buyer. Which is correct?
a. This is an illegal dual agency.
b. The sales associates are referred to as designated sales associates.
c. Buyer and seller must have combined assets of $1 million.
d. The FREC will revoke the licenses of the broker and both sales associates.
b. The sales associates are referred to as designated sales associates.<\/p>\n\n\n\n
Which relationship is NOT adversarial?
a. arm’s length
b. buyer beware
c. caveat emptor
d. fiduciary
d. fiduciary<\/p>\n\n\n\n
Fairness and honesty are required of all licensees in which relationship?
a. single agency
b. transaction brokerage
c. no brokerage relationships
d. any real estate transaction
d. any real estate transaction<\/p>\n\n\n\n
The signature or initials of a party is required by the Brokerage Relationship Disclosure Act on which form?
a. Single Agency Disclosure
b. Transaction Broker Disclosure
c. Consent to Transition to Transaction Broker
d. Important Information Disclosure
c. Consent to Transition to Transaction Broker<\/p>\n\n\n\n
A broker
a. can refuse offers on behalf of the principal.
b. can buy the listed property without consent of the principal.
c. must follow all legal instructions of the principal or withdraw.
d. must ignore the instructions of a principal when the instructions are not in the best interests of the principal.
c. must follow all legal instructions of the principal or withdraw.<\/p>\n\n\n\n
Sales associates can be stockholders in a brokerage corporation but may not be________ or _<\/em><\/strong>?
Officers or Directors
Sales associates can be stockholders in a brokerage corporation but may not be officers or directors.<\/p>\n\n\n\nA real estate brokerage corporation must have at least active broker serving as an _<\/em><\/strong><\/em><\/strong>.
One, Officer
(A real estate brokerage corporation must have at least one active broker serving as an officer.)<\/p>\n\n\n\nAnyone licensed or not can be a _<\/em><\/strong><\/em> in a real estate brokerage limited partnership.
limited partner<\/p>\n\n\n\nTwo or more brokers that share office space but do not maintain their separate status as independent brokers could be charged as being _<\/em><\/strong> .
ostensible partners<\/p>\n\n\n\nSales associates and broker associates must report any change of employer or address change to the DBPR within _<\/em> days on a form prescribed for such use.
10<\/p>\n\n\n\nFor a broker to legally be paid a kickback or rebate, he or she must have performed a _<\/em><\/strong> held an appropriate <\/em>, and all parties must be _<\/em><\/strong> of the payment.
service, license, advised
For a broker to legally be paid a kickback or rebate, he or she must have performed a service held an appropriate license, and all parties must be advised of the payment.<\/p>\n\n\n\nWhen a broker has conflicting demands for funds held in escrow, he or she must report such conflict to the FREC within _<\/em> days.
15<\/p>\n\n\n\nOperating in a careless, reckless, excessively negligent manner may result in a broker being charged with .
Culpable Negligence<\/p>\n\n\n\n
A licensee should advise a customer to obtain an _ or an<\/strong><\/em><\/strong> _ _<\/em><\/strong> from an attorney whenever a question of title arises.
abstract, attorney’s title opinion
(A licensee should advise a customer to obtain an abstract or an attorney’s title opinion from an attorney whenever a question of title arises.)<\/p>\n\n\n\nSix individuals decide to form a real estate brokerage partnership. All six individuals are planning to be active in real estate sales. Which best applies?
a. The partnership must be registered with the Commission, and all six partners must be active real estate brokers.
b. At least one partner must be licensed as an active broker.
c. Only two partners must have a real estate license.
d. A partnership cannot be formed as a brokerage business.
a. The partnership must be registered with the Commission, and all six partners must be active real estate brokers.<\/p>\n\n\n\n
Which of the business forms listed below CANNOT register to conduct real estate
transactions?
a. corporation for profit
b. corporation not for profit
c. corporation sole
d. limited partnership
c. corporation sole<\/p>\n\n\n\n
A sales associate is licensed under an owner-developer that owns several affiliated organizations. Should the employer wish to have the sales associate provide real estate services for these various organizations, what type of license should the sales associate request?
a. multiple
b. group
c. corporate
d. branch office
b. group<\/p>\n\n\n\n
Sarah is an actively licensed broker for XYZ Realty, a registered real estate brokerage corporation. She has an opportunity to buy an existing real estate corporation, BBD Realty, Inc., in a town 25 miles away and wants to become the only broker for both corporations. She does not wish to change the name or combine the two corporations. How may Sarah accomplish this?
a. The corporations will have to be merged into one entity as Sarah cannot be a broker within two different corporations.
b. Sarah may be the only active broker in both corporations by requesting a group license.
c. Sarah may be the only active broker in both corporations by requesting multiple licenses.
d. BBD should be registered as a branch office of XYZ Realty, Inc.
c. Sarah may be the only active broker in both corporations by requesting multiple licenses.<\/p>\n\n\n\n
An ostensible partnership:
a. is required to file documents with the Secretary of State.
b. is not a true partnership.
c. cannot be created by real estate brokers.
d. will not be treated as though the participants were partners.
b. is not a true partnership.<\/p>\n\n\n\n
A location would be required to register as a brokerage branch office if
a. tables and chairs are provided for sales associates and customers.
b. the location is used as a shelter to get out of the sun or rain.
c. literature is handed out containing the broker’s office address.
d. sales associates are permanently assigned to the location.
d. sales associates are permanently assigned to the location.<\/p>\n\n\n\n
Which statement best describes the sign required for a brokerage office?
a. Only one sign per firm is required regardless of the number of offices.
b. Each sales associate associated with the firm must have a separate sign.
c. Every active broker must maintain a sign at each brokerage office or branch office.
d. Office signs are permitted but not required by law.
c. Every active broker must maintain a sign at each brokerage office or branch office.<\/p>\n\n\n\n
Which method is NOT an authorized alternative for a broker to use in resolving an escrow dispute?
a. seeking an escrow disbursement order from the Commission
b. submitting the escrow dispute to mediation or arbitration
c. seeking a court decision to resolve the escrow dispute
d. obtaining an attorney’s opinion<\/p>\n\n\n\n
Approved depositories for earnest money include a:
a. bank within the state of Florida.
b. stock brokerage firm.
c. broker’s personal checking account.
d. safe in a real estate office.
a. bank within the state of Florida.
Also can be deposited in a savings association, title company, and a Credit Union.<\/p>\n\n\n\n
A real estate sales associate that has received an earnest money deposit must:
a. deposit the funds in an insured bank account.
b. deliver the funds to his or her broker or owner-employer.
c. deposit the funds in an escrow account.
d. deposit the funds with the Florida Real Estate Commission.
b. deliver the funds to his or her broker or owner-employer.
Must be done by the next business day<\/p>\n\n\n\n
If a commission dispute arises prior to closing, the broker:
a. may retain the entire amount of escrowed funds until the dispute is resolved.
b. must withdraw the amount of the commission from the escrow account.
c.may retain the exact amount of the disputed commission in the escrow account until the dispute is settled.
d. must deliver the entire amount of the escrowed funds at closing.
c. may retain the exact amount of the disputed commission in the escrow account until the dispute is settled.<\/p>\n\n\n\n
What percentage of the fee paid may a prospective tenant receive as a refund when provided with inaccurate information?
a. 100%
b. 75%
c. 25%
d. none
a. 100%
(first degree misdemeanor $1000\/1 year)<\/p>\n\n\n\n
The maximum amount paid from the Real Estate Recovery Fund based on the actions of a licensee is __<\/em><\/strong>.
$150,000<\/p>\n\n\n\nThe range of penalties that may be imposed on a licensee by the Commission for violation of law or rules includes:
a. denial, reprimand, fine, probation, suspension and revocation.
b. imprisonment only.
c. a fine and imprisonment only.
d. a fine, reprimand, denial, suspension, revocation and imprisonment.
a. denial, reprimand, fine, probation, suspension and revocation. (can’t imprison or deny commission)<\/p>\n\n\n\n
An appeal of a Commission final order is filed with the:
a. Florida Supreme Court.
b. District Court of Appeals.
c. County Court.
d. Department of Administrative Hearings.
b. District Court of Appeals.<\/p>\n\n\n\n
What Is the charge for anyone found guilty of using false or misleading adverting?
a. third-degree misdemeanor
b. second-degree misdemeanor
c. first-degree misdemeanor
d. third-degree felony
b. second-degree misdemeanor<\/p>\n\n\n\n
An investigator for the Department may not express any concerning the investigation.
personal opinion<\/p>\n\n\n\n
The criminal penalty for violation of F.S. 475 is typically a fine of up to
and\/or imprisonment for no more than <\/em>__<\/em><\/strong>.
$500, 60 days<\/p>\n\n\n\nThe criminal penalty for a first-degree misdemeanor is a fine of up to _<\/em><\/strong> and\/or imprisonment for no more than .
$1000, one year<\/p>\n\n\n\nCitations issued by assigned by the Division of Real Estate, must be paid within ___<\/em> days after becoming a final order.
investigators, 30<\/p>\n\n\n\nThe violation sited in a Notice of Noncompliance must be corrected within __<\/em> days.
15<\/p>\n\n\n\nWhat is the maximum amount of money that can be paid from the Real Estate Recovery Fund to three persons who suffered monetary loss as the result of a fraudulent act committed by a real estate licensee and have been awarded a single judgment?
a. $150,000
b. $50,000
c. $25,000
d. $10,000
b. $50,000<\/p>\n\n\n\n
If a broker’s actions pose an immediate serious danger to the safety and welfare of
the public, what action might the Secretary of the Department of Business and
Professional Regulation take?
a. suspend the license of the licensee for 10 years
b. issue a summary suspension
c. issue a cease and desist order
d. place the licensee on probation
b. issue a summary suspension<\/p>\n\n\n\n
What action may be taken if either the Florida Real Estate Commission or the
licensee disagrees with a recommended order?
a. seek adjudication
b. submit the matter to mediation
c. file exceptions
d. request novation
c. file exceptions (within 10 days)<\/p>\n\n\n\n
Which activity would be classified as a first-degree misdemeanor under Chapter 475, Florida statutes?
a. placing false or misleading advertising
b. violation of rental information rules
c. having submitted false information in an application
d. an unlicensed person operating as a broker
b. violation of rental information rules
($1000 \/ 1 year)<\/p>\n\n\n\n
The 1866 Civil Rights Act prohibits discrimination on the basis of __<\/strong>.
race<\/p>\n\n\n\nAn owner that does not use the service of a broker and does not discriminant in advertising is _<\/em><\/strong> from the Civil Rights Act of 1968.
exempt
An owner that does not use the service of a broker and does not discriminant in advertising is EXEMPT from the Civil Rights Act of 1968.<\/p>\n\n\n\nLenders that refuse to make loans in certain geographic areas based on social or economic considerations are practicing _<\/em><\/strong>.
Redlining<\/p>\n\n\n\nAccording to the Americans with Disabilities Act, owners are required to make modifications to properties to comply with the Act whenever the modifications are .
Economically Feasible<\/p>\n\n\n\n
A lease payment that increases based on a portion of the income received by a tenant is called a _<\/em><\/strong> lease.
Percentage<\/p>\n\n\n\nWhen all rights under lease have been transferred for the entire lease period, the process is called a\/an __<\/strong><\/em><\/strong>.
assignment<\/p>\n\n\n\nFederal law governing telephone solicitations prohibits calls to residences after _<\/em><\/strong>.
9 pm<\/p>\n\n\n\nIf a landlord requires a security deposit, the landlord must:
a. deposit the funds in compliance with Chapter 475, Florida statutes.
b. notify the tenant of the location of the funds within 20 days of receiving the funds.
c. pay interest at the rate of 5% per year, with disbursements at least once each year.
d. return the funds within 15 days after the tenant vacates the premise or give notice of the intention to impose a claim against the security deposit by certified mail.
d. return the funds within 15 days after the tenant vacates the premise or give notice of the intention to impose a claim against the security deposit by certified mail.<\/p>\n\n\n\n
What term is used to describe a situation in which a real estate licensee tells a customer an advertised property is available for sale when it is?
a. steering
b. channeling
c. conspiring
d. blockbusting
a. steering<\/p>\n\n\n\n
A broker that induces owners to list or sell on the basis the neighborhood is deterioration due to minority influences is guilty of:
a. steering
b. channeling
c. conspiring
d. blockbusting
d. blockbusting<\/p>\n\n\n\n
A property owner is registered on both the state and federal “do not call” lists. Solicitation calls to this owner by a licensee:
a. may only be made between 9 AM and 8 PM.
b. may not be made when representing a buyer.
c. could result in a fine of up to $15,000.
d. are not permitted when attempting to obtain a listing.
d. are not permitted when attempting to obtain a listing.<\/p>\n\n\n\n
Mary and Louise open a beauty shop in a regional mall. Their lease requires a portion of business income to be paid in addition to the periodic rent. What type of lease to they have?
a. flat
b. step-up
c. percentage
d. graduated
c. percentage<\/p>\n\n\n\n
A five-year lease of a 10,000-square-foot warehouse prohibits assignment. After two years the tenant is unable to continue with the full rent payments and arranges with another tenant to take over one half of the space and pay one half of the rent for the remaining term. This arrangement is:
a. a violation of the terms of the lease.
b. a sublease
c. in violation statute 83
d. illegal
b. a sublease<\/p>\n\n\n\n
Discrimination based on religion is prohibited by the:
a. civil rights act of 1866
b. Civil rights act of 1968
c. Civil rights at 1964
d. Fair Housing Amendments of 1988
b. Civil rights act of 1968<\/p>\n\n\n\n
What may a real estate licensee do with respect to model residential lease forms approved for use by the Florida Supreme Court?
a. Fill in the blanks.
b. Prepare an addendum.
c. Modify language to conform to the agreement of the landlord and tenant.
d. Interpret the clause in the document in answer to a question.
a. Fill in the blanks<\/p>\n\n\n\n
Three legal rights contained in the bundle of rights include ,<\/em> and .
possession, disposition, and quiet enjoyment<\/p>\n\n\n\n_<\/em><\/strong> rights allow a property owner whose property borders on a river or stream the use of the water.
Riparian<\/p>\n\n\n\nA and<\/em> may hold a tenancy by the entireties.
husband and wife<\/p>\n\n\n\nA joint tenancy and a tenancy by the entireties both include a right of _<\/em><\/strong> .
survivorship<\/p>\n\n\n\nThe estate that may be created by the same or different deeds is the tenancy _<\/em><\/strong>.
in common. (no right of survivorship)<\/p>\n\n\n\nIf title passes upon the death of a life tenant to a party other than the original grantor, the party receiving the ownership rights is called a _<\/em><\/strong>.
remainderman<\/p>\n\n\n\nThe right to occupy specific space granted by a Cooperative Association is known as a .
proprietary lease<\/p>\n\n\n\n
Ownership of _______to distinguishes ownership in a cooperative association.
shares of stock<\/p>\n\n\n\n
Property that is exempt from execution of foreclosure to satisfy a personal debt of the head of household can be up to 1\/2 acre within the city or up to _<\/em> acres outside the city.
160<\/p>\n\n\n\nAble, who holds the title in fee simple, deeds land to Baker to enjoy until his death. At that time Charlie is to receive title to the land. Baker’s interest in the land is known as
a. a fee simple estate
b. life estate
c. remainder estate
d. estate for years
b. life estate<\/p>\n\n\n\n
Based on the information in the previous question Charlie’s interest in the land is a
a. Reversion estate.
b. Remainder estate.
c. Estate for years.
d. Joint estate.
b. Remainder estate<\/p>\n\n\n\n
The full bundle of rights and real property includes
a. Destruction, use and extinction.
b. Destruction, use and enjoyment.
c. Use, expatriation, and enjoyment.
d. Disposition, use, and exclusion.
e. Disposition, possession, and quiet enjoyment
e. Disposition, possession, and quiet enjoyment<\/p>\n\n\n\n
Tests used by courts to determine whether an item is real or personal property include:
a. intent, relationship of the parties, method of annexation and adaptation.
b. Intent, abandonment, redemption and accretion.
c. Size, annexation, avulsion and adaptation.
d. Intent, size, annexation and redemption.
a. intent, relationship of the parties, method of annexation and adaptation.<\/p>\n\n\n\n
The four unities required to create a joint tenancy are
a. Interest, survivorship, possession and time.
b. Possession, deed, title and time.
c. Possession, interest, time and title.
d. Person, use, and interest and purpose.
c. Possession, interest, time and title.<\/p>\n\n\n\n
Paul and Paula are husband-and-wife. They own property as tenants by that entireties. They divorce without a property settlement. Unless otherwise decreed by court, they now hold title as
a. Joint tenants.
b. Tenants in common.
c. Tenants by the entireties.
d. Joint tenants with the right of survivorship.
b. Tenants in common.<\/p>\n\n\n\n
What rights does a property owner have to the use of water flowing over or through his or her land?
a. Riparian
b. Littoral
c. Flowage
d. Aquifer
a. Riparian<\/p>\n\n\n\n
A potential purchaser of the new timeshare can cancel the track at contract without penalty within how many days?
a. 10
b. 20
c. 30
d. 40
a. 10<\/p>\n\n\n\n
Which statement best describes a tenancy at sufferance?
a. the tenant suffers from the landlords failure to maintain the property.
b. The landlord suffers from the tenants failure to pay rent.
c. The lease instrument is valid.
d.The tenant remained in possession after expiration of the lease.
d.The tenant remained in possession after expiration of the lease.<\/p>\n\n\n\n
Legal rights being conveyed are expressed in the ________clause.
Habendum<\/p>\n\n\n\n
The quitclaim contains _______warrants
No<\/p>\n\n\n\n
Title to real property passes to the grantee when the deed is and <\/em>.
Delivered, Accepted
(takes place at closing)<\/p>\n\n\n\nTitle by adverse possession may be obtained after