45 HOUR POST LICENSE FLORIDA / STUDY GUIDE Q-BANK / EXPERT VERIFIED ACTUAL QUESTIONS & ANSWERS FOR GUARANTEED PASS / NEWEST UPDATE

45 HOUR POST LICENSE FLORIDA / STUDY GUIDE Q-BANK / EXPERT VERIFIED ACTUAL QUESTIONS & ANSWERS FOR GUARANTEED PASS / NEWEST UPDATE

Farming
Concentrating on one type of style of property or on one
particular neighborhood
Question 1: A residential transaction is defined in F.S.
475 as the sale of any:
- Duplex
- improved residential property of four units or fewer,
including condominium units
- unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of
improved property of four or fewer residential units
- dispositions of business interests for property of four or
fewer residential units
2 | Page
CORRECT ANSWER: Correct, all listed items define a
residential transaction under F.S. 475.
Question 2: Industrial Properties include _______ and
___________ facilities
CORRECT ANSWER: warehouses and manufacturing
Question 3: A _________ __________ is a condominium
unit that is subdivided into ownership time periods.
CORRECT ANSWER: timeshare property
Question 4: Timeshare ownership includes the right to use
the property for some period-of-time, sometimes referred
to as ___________ _____________.
CORRECT ANSWER: interval ownership

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