Florida real estate BUNDLED exams 2023 with 100% correct answers

A freehold estate is __________. - correct answer -An estate of uncertain duration a person who owns an undivided interest in land with at least one other, and has the right of survivorship, is said to be a(n) __________. - correct answer -Joint tenant Dower rights are rights that assure that...

d - correct answer -A broker has a listing on a seller's house. The seller goes on vacation. During this time, the broker gets an offer for $78,000 and another offer for $80,000. What should the broker do? a. Present the $80,000 offer upon seller's return b. Accept the $80,000 offer on behal...

c - correct answer -Which remedies are available when a seller breaches a contract? a. A suit for specific performance b. Buyer gets deposit returned c. A or b but not both d. Notifying FREC b - correct answer -What term refers to the right of a mortgagor to stop a foreclosure process b...

A contract for deed is typically used when the parties enter into a binding contract in which the seller... - correct answer -contracts to deliver a deed at some future date after a designated amount has been paid and allows the buyer to take possession while paying the agreed-on payments Title t...

The respondent in a complaint has how many days in which to file an appeal to the final order issued by the Florida Real Estate Commission? a. Seven b. Ten c. Fourteen d. Thirty - correct answer -D In order to renew an initial broker license, a broker must: I. Take fourteen hours of cont...

Steve deeded to his father a home for as long as his father was alive. One stipulation to the deed was that the property would be passed to the local Youth Center upon the death of Steve's father. What type of estate does the Youth Center have? a. A reversion estate b. A remainder estate c. A ...

A sales associate works under - correct answer -the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal - correct answer -With a flat fee The product/service that all real estate professionals sell is - correct answer -their expert kno...

Agency relationship in Florida with the fewest duties/obligations: - correct answers -Non-representation broker If Jackson has no fiduciary duty and offers no representation whatsoever to the buyer or the seller in a transaction, Jackson is a: - correct answers -Non-representation broker Entit...

The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law - correct answerD. FREC and the ...

Joint Ventures - correct answer -is a temporary form of business arrangement often encountered in real estate business. Trade Names - correct answer -is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S...

In which area of brokerage has absentee ownership increased the demand? - correct answer -Property management How is a real estate appraiser typically paid? - correct answer -A fee based upon time and difficulty of the appraisal What does the local planning agency have the authority to approve...

Bob was appointed by a court to sell an orange grove near Tampa. Bob can: - correct answer -Be compensated for the sale During the week, Jane works for Dolphin Realty, Inc. as a sale associate. On weekends, she holds open house for Grouper Homes and is paid a 2% commission directly by Greg Groupe...

1. When must a written no brokerage relationship notice be provided to customers? - correct answer -Before showing homes that are listed. 2. Which of the following can not be used by the federal reserve to change or control the money supply? - correct answer -After income tax rates 3. A broker...

It is still pending approval until 90 days have passed. - correct answer -Harold filed his application for sales associate licensure 31 days ago. To date he has not heard if his application has been approved or not. What is the status of Harold's application? The broker is not eligible for a Flo...