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Question 1 of 45
1. Question
Which of the following professionals involved in the real estate business are most concerned about managing real estate for clients?
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Question 2 of 45
2. Question
Authorities conduct comprehensive land use planning in order to
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Question 3 of 45
3. Question
A shop was originally built in a commercial zone. The zone has since been changed to a residential zone. Zoning authorities permit the use, most likely as
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Question 4 of 45
4. Question
A government entity takes title to a leased property by way of eminent domain. What happens to the lease?
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Question 5 of 45
5. Question
In Florida, when a tax certificate is purchased at a tax certificate sale, the certificate is valid for
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Question 6 of 45
6. Question
An example of conversion is
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Question 7 of 45
7. Question
A suburb has a growing need for single-family housing, but the land available for new construction is running low. In this case, it is likely that the price of existing homes
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Question 8 of 45
8. Question
In the contracting process, a licensee must be careful to avoid
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Question 9 of 45
9. Question
An important characteristic of a promissory note is that a. it
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Question 10 of 45
10. Question
A type of agency relationship that is illegal in Florida is
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Question 11 of 45
11. Question
In the sale of a business, liabilities are considered when
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Question 12 of 45
12. Question
An income property is bought for $500,000. Gross income is $100,000, and net operating income is $60,000. Cash flow is $10,000. What is the return on investment (ROI)?
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Question 13 of 45
13. Question
A primary objective of residential zoning is to
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Question 14 of 45
14. Question
A broker responsible for handling a trust account is violating the law by
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Question 15 of 45
15. Question
In which type of community is there a governing body responsible for providing community development services?
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Question 16 of 45
16. Question
Interests in a condominium differ from those in a cooperative, in that
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Question 17 of 45
17. Question
An office building rents for $600,000, has expenses of $400,000, and a cash flow of $100,000. The prevailing gross rent multiplier is 8. Using the GRM, what is the value of the building?
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Question 18 of 45
18. Question
A property is purchased for $200,000. Improvements account for 75% of the value. Given a 39-year depreciation term, what is the annual depreciation expense?
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Question 19 of 45
19. Question
A parcel is described as the SW 1/4 of the N 1/2 of the E 1/2 of Section 14. What is its acreage?
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Question 20 of 45
20. Question
An option-to-purchase expires. The landlord agrees to extend it in exchange for a higher price. The optionee claims he can exercise the option within the redemption period. Which is true?
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Question 21 of 45
21. Question
A person has occupied a property for seven years, and no one has ever attempted to evict her or cooccupy the parcel. In this case, the person might base a claim of legal ownership on
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Question 22 of 45
22. Question
An owner completes a contract to sell her property. Before closing, she runs into financial trouble and assigns the contract to her mortgagor. Which of the following is true?
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Question 23 of 45
23. Question
A real estate license ceases to be in force when
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Question 24 of 45
24. Question
An owner obtains a loan and gives the mortgagee a mortgage on the property as collateral. The mortgagor/owner retains title to the property, and the mortgagee records a lien. This is an example of
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Question 25 of 45
25. Question
A lender may terminate foreclosure proceedings if the defaulting borrower executes
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Question 26 of 45
26. Question
Florida disclosure requirements apply to
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Question 27 of 45
27. Question
A homeowner’s tax bill for a taxing district is derived by
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Question 28 of 45
28. Question
Florida places an intangible tax on
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Question 29 of 45
29. Question
A landlord promises to compensate a broker for procuring a tenant, provided the landlord’s brother decides not to rent the property within a month. This would be an example of a(n)
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Question 30 of 45
30. Question
Real estate can be defined as
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Question 31 of 45
31. Question
Dower can best be defined as
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Question 32 of 45
32. Question
An agent obtains a listing which ensures compensation for procuring a customer, provided the agent is the procuring cause. This agent has entered into a(n)
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Question 33 of 45
33. Question
A landlord refuses to rent to a single pregnant woman. The woman feels there has been illegal discrimination. How long do she have to file a complaint with the Florida commission on Human Relations?
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Question 34 of 45
34. Question
Buyers and sellers rely on escrow accounts in order to
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Question 35 of 45
35. Question
A lender is charging 2.75 points on a $240,000 loan. How much must the borrower pay for points?
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Question 36 of 45
36. Question
A $250,000 interest-only loan carries a 7% rate. Monthly payments are
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Question 37 of 45
37. Question
An Assessor Parcel Number’s primary use is
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Question 38 of 45
38. Question
What is an agent’s duty regarding inspections?
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Question 39 of 45
39. Question
An owner’s agent is showing a buyer an apartment building. The buyer questions the agent as to whether some cracking paint contains lead. The agent’s best course of action is to
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Question 40 of 45
40. Question
A warehouse building lacks sufficient ceiling height for the operation of modern forklifts. This is an example of
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Question 41 of 45
41. Question
A distinct feature of a joint tenancy is that joint tenants
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Question 42 of 45
42. Question
What is mediation?
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Question 43 of 45
43. Question
An unlicensed applicant may be denied licensure if he presented himself as a licensee prior to applying for a license
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Question 44 of 45
44. Question
A sales associate or broker associate must notify the FREC of a change of employing broker within ___ of the change.
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Question 45 of 45
45. Question
A Florida licensee representing an owner as a single agent must be careful to
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