florida real estate exam quizlet 2022

An artificial or fictitious person organized for business purposes and similar to a corporation for profit. Directive from a higher authority to a lower body. A provision in a conventional mortgage that entitles the lender to require the entire loan balance to be paid in full if the property is sold. Properties that include (1) sites in industrial parks or subdivisions, (2) redeveloped industrial parcels in central areas, and (3) industrial acreage. You must also have a Florida Division of Real Estate Authorization notice. I created a study guide for myself before I tested and passed on the first try with no struggle. Unlike subscription products, our material covers what you need to know without redundancy. Conveyancing is the process of moving the legal ownership of property or land from one person to another. Any adopted or fictitious name used to designate a business concern. To schedule your exam, please make your reservation online or contact our Call Center at 888-204-6289. Any written paper that provides information or evidence. Real or personal property pledged as security on a debt. Free 100 Question Real Estate Practice Exam You might also try right-clicking and choosing "Save Target As.". A roof design that peaks at the center ridge and extends downward on two opposite sides. Florida Real Estate Exam Prep 2022-2023: Updated Manual + 400 Test Questions and Detailed Answer Explanations (4 Full-length Exams for Sales Associates and Brokers) $2374 Total price: $80.89 Add all three to Cart Customers who viewed this item also viewed See the world for less with virtual tours Amazon Explore Browse now Product details A mark, emblem, or impression on a document used to authenticate the document or a signature. A party's honest intent to transact business, free from any intent to defraud the other party; each party's faithfulness to one's duty or obligations set forth by contract. A state-regulated account to cover claims of aggrieved parties who have suffered monetary losses from licensee's actions. A variable period of time, which may be affected by market conditions, desires of the owner, supply and demand, fluctuations of values, or an official decision. Take full FLORIDA REAL ESTATE Practice Tests 2022 Change your state REALESTATE Practice Test 1 50 questions 12 mistakes Allowed to pass REALESTATE Practice Test 2 50 questions 12 mistakes Allowed to pass REALESTATE Practice Test 3 50 questions 12 mistakes Allowed to pass REALESTATE Practice Test 4 50 questions 12 mistakes Allowed to pass Any sale transaction that ultimately involves a federal agency in either the primary or secondary mortgage market. YES. Water rights C. Easements D. Mineral rights Answer: A - Chattels real. These 200 students watched a zoom presentation of 25 questions and tips and information about the state exam. Pitched roof with sloping sides and ends. A purpose in opposition to the interest of another party (as, for example, with a buyer and a seller). (See also Vacancy and collection losses.). Written instrument that serves to transfer an interest in real property from one party to another. . The ability to convert noncash assets into cash quickly; refers to a firm's cash position and its ability to meet obligations. Tenancies whose durations are limited to the life of some person; freehold. See ourfree Florida real estate sales associate exam sample questions. The Truth-in-Lending Act requires creditors to disclose certain information if certain credit terms, called triggering terms, are included in the advertisement. This notice will most likely be mailed before your exam date.Both of the Florida Real Estate exams are based on a total of 100 points. A commercial activity in which the sale, purchase, leasing, rental, exchange, or management of real property is conducted by qualified and licensed parties acting either for themselves or for others for compensation. 63 credit hours of pre-license courses. A person or party, either appointed or required by law to administer or manage another's property. Where a licensee receives letters and so forth through the U.S. Representing both principals in a transaction (not a legal agency relationship in Florida). [50,] 55-56, 137 A. This exam consists of 40 questions worth 1 point each. Person to whom a right or interest is transferred. Reversion of property to the state when an owner dies without leaving a will or any known heirs. All real estate licensees are realtors B. A warranty, guarantee, or promise formally given in a legal document. Real Estate Brokerage Activities and Procedures (12%) Real Estate Contracts (12%) Residential Mortgages (9%) Certificates pledging a group (pool) of existing government-backed mortgages used for the purpose of channeling funds into housing markets. Please select the correct language below. When money is paid out of the Real Estate Recovery Fund, on behalf of a Florida real estate licensee: a. the licensee's license will be automatically suspended b. the maximum amount that can be reimbursed in any single transaction in $50,000 c. the judgment holder cannot be reimbursed for attorney's fees and court costs d. All of the above YES. Use this link to get 25% off: https://bit.ly/PAYoutubeCouponGet your real estate license with AceableAgent with the link below: https://bit.ly/AceableAgentSubscribe to our channel to get notified of new videos!Follow us on social media:https://www.instagram.com/joejuter/https://www.instagram.com/prep_agent/Join our free private Facebook group to get help from others taking the exam:https://www.facebook.com/groups/prepagent/Join our new agents group to exchange ideas with other real estate professionals:https://www.facebook.com/groups/851499591705861#RealEstateExamCommonQuestions #RealEstateExam #CommonQuestionsRealEstate An examination of all of the public records to determine whether any defects exist in the chain of title. Professional service provided by a registered, licensed, or certified appraiser or real estate licensee to produce an estimate of value. YES. A method for estimating the market value of a property based on the cost to buy the site and to construct a new building on the site, less depreciation. Businesses that attract local money (e.g., grocery stores, retail shops). I'll be sure to refer your website to others." - Betty, Online + Mobile + Printable + Audio Flashcards. The most comprehensive and complete interest one can hold in real property; freehold estate. One who makes an offer, usually the buyer. FL Sales Associate Pre-Licensing *6 Month Access Add to Cart Florida Real Estate Mutual Law Cram Review Course with Exam Prep. Any lien, claim, or liability affecting the title or attaching to real property. With a total of 100 questions, that means the score to pass is 75. A representative authorized by the principal to perform only acts related to a business or to employment of a particular nature. A person who applies for something; a candidate. Florida Real Estate Exam Questions Term 1 / 130 Linda purchases property in Escambia County from Susan. An investment that shields items of income or gain from payment of income taxes; a term used to describe some tax advantages of owning real property (or other investments), including postponement or even elimination of certain taxes. Replacement reserves (reserve for replacements). Imaginary lines running north and south and crossing a base line at a definite point; used by surveyors for reference in locating and describing land under the government survey system. An act contained in Title VIII of the Civil Rights Act of 1968 that created protected classes of people and prohibits discrimination when selling or renting residential property when based on race, color, religion, sex, national origin, familial status, or handicap status. A privilege granted by the state to operate as a real estate broker, broker associate, or sales associate; a type of time-share interest. The amount of funds that an institution must hold in reserve against deposit liabilities. An employment contract given to any number of brokers who work simultaneously to sell the owner's property. You have the option to test with instant prompts for incorrect answers and explanations of correct answers. A person who makes an allegation or a charge against another (the respondent). The test has the following feature: Multiple choices There is no "fill in the blanks." No essay to be written There are no "none of the above" or "all of the above" answer choices. The relationship between the net income from a real estate investment and the present value. A writ or order by a court forbidding a party from doing something. YES. A court process to transfer title to real property used as security for debt as a means of paying the debt by involuntary sale of the property. An arrangement among members of a real estate board or exchange that allows each member broker to share listings with other members so that greater exposure is obtained and a greater chance of sale will result. An intermediary who merely brings two parties together. Generally, a mortgage banker or company that provides services for lending institutions. Classification of real property for various purposes; the government power to control and supervise the utilization of privately owned real property (actually, the exercise of police powers). Preforming a service of real estate 2. A session in which testimony and arguments are presented, especially before an official. An exception to zoning regulations or ordinances granted to relieve a hardship. Authorization by the state to place an applicant on the register (record) of officially recognized individuals and businesses. (Florida is not a community property state.). A method of obtaining title to real property by occupying it in an open and hostile manner contrary to the interests of the owner. A lender; person or business entity to whom a debt is owed. A successive listing of all previous holders of title (owners) back to an acceptable starting point. An intentional proposal or promise made by one party to act or perform, provided the other party acts or performs in the manner requested. Under FIRREA, state-certified or state-licensed appraisers must be used for certain loans in federally related transactions. To pass the exam in Florida, you'll need to get a score of at least 75%. Set the number of questions and time limit to your needs OR simulate your actual exam. Get BOTH Formats Instantly:OnlineInstant scoring, review & reporting.PrintableInstant download. A provision in a deed to real property that stipulates the estate or interest the grantee is to receive and the type of title conveyed.

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