Unit 9 Exam: Florida Real Estate Course Flashcards

Unit 9 Exam: Florida Real Estate Course Flashcards

A single person dies without a will. After a period of time, the State of Florida obtained title to the property of the deceased person. What power entitled the state government to acquire the deceased person's property?Escheat Requirements for a valid deed do NOT include signature of a competent grantee.The mortgagor's title insurance policy is issued foran amount no greater than the purchase price and is not transferable Which type of title insurance policy is transferable?Mortgagee A husband and wife have title to a property in both names.Which action is required to convey the title to the property?Signed by the husband and wife A business owner has a five-year variable lease. The first year of the lease calls for rent of $25.50 per square foot based on a beginning index of 188. The index increases to 195 at the beginning of the second year. What is the new rental rate per square foot?

$26.45

Which type of lease is based on income from the tenant business?Percentage A woman has six months remaining on her lease. She assigns two of the remaining months to another person to use the property while she is on vacation in Europe. What is this called?Sublease Which restriction is always a public restriction? eminent domain Which type of lien is a specific lien?vendors Which alienation is voluntary?Will In which type of deed does the grantor warrant to defend the title solely against acts by the grantor or the grantor's representative?Special Warranty