Florida Real Estate Exam 2025 Flashcards

Florida Real Estate Exam 2025 Flashcards When an easement allows the use of a neighboring property which automatically transfers upon the sale of either dominant or servient property, it is called what type of easement?Easement Appurtenant Surface Rights, Air Rights, and Subsurface Rights are all rights that can be sold by a property owner while still

retaining the property itself. These rights are known as:

Severable Rights If your broker sells a triangular parcel of land for $750 an acre, and your commission rate is 8%, what will be your commission if the land has a base length of 1,200 feet and a height of 700 feet?

578.51

What is the general purpose for cities to require building permits ?To require a minimum level of construction standards If a buyer defaults on a sales contract after providing $10,000 as earnest money for a $200,000 property, what can the seller do with the $10,000?Keep the entire amount as compensation Bob Jones, who lacks a real estate license, hires Sally Sales person to sell his property. During Sally's absence, Bob shows the property, provides price quotations, and accepts deposits. What are the implications of Bob's actions?Bob actions are illegal and can lead consequences What is the highest form of land ownership which includes the full and complete bundle of property rights?fee Simple Absolute What is a true statement regarding the recording of a deed?Recording a deed establishes ownership rights. * Tom is constructing a new house valued at $100,000.Given that the average property value of his surrounding neighbors is $225,000, which principle suggests that Tom will experience a positive effect on his property value?Principle of progression In real estate, what is the closest meaning to the term"quieting a title"?Clearing any liens or encumbrances on a property Which two documents are necessary to establish a legally binding mortgage loan?Promissory note and deed of trust