Practice Quiz

Florida Real Estate Exam - Question List

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61.
A property was sold where the property taxes had been paid for the current tax year.  The escrow closed 10/1/76.  However, the contract had allowed the seller to remain on the property for an additional three months after the close of escrow.  For the purpose of peroration, how would the taxes be treated?

  1. The seller would be credited for three months taxes
  2. The seller would be credited for six months taxes
  3. The buyer would be credited with six months taxes
  4. The seller would be credited with nine months taxes
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62.
The gross rent multiplier analysis may not be highly reliable:
  1. If the operating expenses and the costs of ownership of competitive properties are essentially similar to one another
  2. If a sufficient volume of verified comparable rental data is available
  3. If prices in a neighborhood in transition tent to be more responsive to change than rentals
  4. In residential neighborhoods adjacent to military installations
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63.
An impound account will benefit:

  1. The beneficiary and the trustor
  2. The trustee
  3. The trustor only
  4. The beneficiary only
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64.
When a judgment is duly recorded, subsequent buyers and innocent purchasers who are ignorant of the recording have received:

  1. Constructive notice
  2. Contingent notice
  3. Actual notice
  4. Voidable notice
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65.
Assume a brother and a sister own title in a parcel of real property as joint tenants.  The sister marries and deeds half her interest to her husband.  Under these circumstances, the brother now holds title to the property as:

  1. A joint tenant
  2. Community property
  3. Sole Owner
  4. A tenant in common
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