Unit 8 Exam: Florida Real Estate Course Flashcards

Unit 8 Exam: Florida Real Estate Course Flashcards

A man owns a condominium for his lifetime. Upon his death, the property will convey to his sister. What type of estate does the sister hold during the man's lifetime?Remainder Estate Which action can result in the foreclosure of a homesteaded property?Delinquent property taxes on the homesteaded property Title to real property does NOT convey in which type of estate?Estate for years A developer who builds and sells new condominium units must allow buyers the opportunity to cancel the purchase agreement within how many days of signing the contract?15 days Which term describes the process of land buildup from water-borne rock, sand, and soil?Accretion Property held as a tenancy by the entireties becomes which type of estate in the event of divorce?Tenancy in common Three individuals want to develop and sell a parcel of land.Each of the individuals has a spouse and children. The three individuals want to take title to the property in such a way that an owner's family would inherit part of the property if that property owner died. How should the individuals take title to the land?Tenants in common A tenant, after rightfully being in possession of a rented premises, without the consent of the owner, continues possession. This situation creates a tenancy at sufferance How many days' notice must be given to terminate a month-to-month tenancy?15 Name four items that are used to decide whether an item is a fixture (1) intent of the parties, (2) relationship of the parties, (3) method or degree of attachment, and (4) adaptation of the item.A proprietary lease is associated with a cooperative The gradual loss of land associated with moving water and/or wind is called Erosion