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Florida Real Estate Exam

1 A period payment cap applies to:
  1. any mortgage taken out in the U.S.
  2. adjustable rate mortgages
  3. fixed-rate loans
  4. government loans
See Answer
4

A two- to-four family property:

  1. Consists of a structure that provides living space for two to four families and ownership is evidenced by two to four deeds
  2. Consists of a structure that provides living space for two to four families and ownership is evidenced by a single deed
  3. Is not a deeded property
  4. Is an illegal form of ownership
See Answer
5 A home inspection is:
  1. a thorough inspection by a professional which evaluates the structural and mechanical condition of a property
  2. not required by law
  3. often a contingency in a contract that it turns out satisfactorily
  4. both A and C
See Answer