Practice Quiz

Florida Real Estate Exam - Question List

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66.
Title to personal property is transferred by:

  1. Bill of Sale
  2. Notice of bulk transfer
  3. Chattel mortgage
  4. Security Agreement
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67.
The population needed to support a neighborhood shopping center is:

  1. 3,000 to 5,000
  2. 5,000 to 10,000
  3. 10,000 to 30,000
  4. Over 30,000
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68.
Mr. Anderson purchased an apartment for $100,000 paying $37,500 down and financing the balance.  About 2 years later he sold the property for $115,000 and realized a 40% increase on his original investment.  This would be an example of:

  1. Escalation
  2. Leverage
  3. Plotting
  4. Highest and best use
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69.
Buyer Smith agrees to take over the existing fire insurance policy presently in effect on the property in the name of the seller, Mr. Wilson.  When will Smith be protected by this policy?

  1. Immediately upon notifying the insurer of the name change
  2. Upon receiving possession of the property
  3. At close of escrow
  4. When the insurer approves the assignment
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70.
A man purchased a personal residence in 1987 for $63,000.  In 1988 he remodeled, spending $34,000 for capital improvements.  In 1989 he sold his residence for $174,000 and purchased a replacement residence within a few months for $189,000.  The amount of taxable gain at this time from the sale of the original residence is

  1. $77,000
  2. $1,11,000
  3. $1,51,000
  4. Nothing
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