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

Florida Real Estate Final Exam (Latest 2023/

2024 Update) Questions and Verified

Answers| 100% Correct| Already Graded A

Q: For all intents and purposes, subagents are agents of the _______.

Answer:

a. Buyer

b. Seller

c. The buyer's broker

d. The listing broker

b. Although a subagent may bring an unrepresented buyer to the transaction, the subagent is an

agent of the seller.

Q: Can a new licensee specialize in the sale of farm and ranch property?

Answer:

a. Not until the licensee has at least five years of experience in agricultural real estate

b. Not until the licensee passes additional courses in agricultural real estate

c. Yes, a new licensee can specialize in agricultural real estate

d. Yes, as long as the new licensee has a degree in agriculture

c. Specialization doesn't require additional coursework or credentials. The licensee must be

competent in any specialization, however.

Q: Jacqueline is a licensee working with a property near a Superfund site. Which of these

statements is true?

Answer:

a. A portion of the sale price must go to the EPA to fund clean-up of the site.

b. She must disclose potential health threats to anyone in the area when showing the property.

c. She must disclose the existence of an environmental hazard in the area.

d. The property can't be sold until the site is removed from the NPL.

c. A property with a known Superfund site in the vicinity requires disclosure, as this is a material

fact.

Q: Curtis wants to do a 1031 exchange. He just closed on his property. How many days does he

have to identify a new property?

Answer:

a. 180

b. 30

c. 45

d. 60

c. Investors who want to use the 1031 tax-deferred exchange must identify the new property

within 45 days of closing and must close on that property within 180 days from the date of sale

of the first property.

Q: Which option describes a real property tax lien?

Answer:

a. General and involuntary

b. General and voluntary

c. Specific and involuntary

d. Specific and voluntary

c.

Q: A buyer representation agreement establishes an agency relationship between which parties?

Answer:

a. Buyer and broker

b. Buyer and salesperson

c. Seller and broker

d. Seller and salesperson

a. You may hear a buyer representation agreement called the buyer/broker agreement. This is a

contract between the buyer and the broker. Remember, all real estate activities are conducted

under the broker's license.

Q: What must be filed for the eviction process to begin after a landlord has waited three days

and serves a tenant a notice to pay or vacate the premises?

Answer:

a. A complaint for eviction

b. A writ of possession

c. Evictus nuncus

d. The lease

a. The eviction process is handled by the court, and it begins when a landlord files a complaint

for eviction with the county court.

Q: Which of the following could an investor who sells an apartment house buy using a 1031

exchange?

Answer:

a. Duplex, office building, or warehouse

b. Duplex only

c. Office building only

d. Warehouse or office building only

a. Any of these would be allowed with a 1031 exchange.

Q: Gene and Alex bought a property that backed up to a neighborhood park. The previous

owner mentioned that ever since the park was built eight years ago, the next door neighbor who

works at the park has cut through the yard to get to the park rather than going around via the

streets, which saves about half a mile. What kind of easement is this?

Answer:

a. Easement by prescription

b. Easement in gross

c. Express easement