Florida Real Estate Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A

Florida Real Estate Exam Prep (Latest 2023/

2024 Update) Questions and Verified

Answers| 100% Correct| Grade A

Q: Broker hiding value of property

Answer:

Could be charged with concealment

Q: If office is closed, reopened, in same license period

Answer:

request a reissue- no fee

Q: real estate taxes are

Answer:

Ad Valorem tax

Q: The four factors of production

Answer:

land, labor, capital, and entrepreneurial ability

Q: Maximum number of years on FREC

Answer:

no limit

Q: Land, improvements, interest and rights

Answer:

Real Property

Q: Gross lease

Answer:

Tenant pays a fixed rent and the landlord (Lesser) pays all property expenses

Q: To cure a defect or cloud on the title to a piece of property, the parties should:

Answer:

quitclam deed

Q: Sales associate working for a broker

Answer:

general agency relationship

Q: Brokers office

Answer:

Building of stationary construction

Q: More than 1 active broker, 1 license revoked

Answer:

no affect on other licenses

Q: Corporation registered to broker real estate

Answer:

at least 1 officer licensed as an active broker

Q: Equal DUE rights, same or different deeds

Answer:

Tenancy in common

Q: rental property is temporarily diminished

Answer:

see temporary reduction of rent from court

Q: property to property with same utility

Answer:

Principle of Substitution

Q: Broker refuses to pay a commission due

Answer:

Charged with Failure to Account

Q: $50,000

Answer:

Single judgement from Real Estate Recovery Fund

Q: Post-dated check

Answer:

Legal- give to broker immediately

Q: Business known as a company

Answer:

is a corporation for profit

Q: Broker represents as escrow agent

Answer:

Buyer and seller

Q: Expert knowledge by RE licensees

Answer:

Valuation, Marketing, Property Transfer