Practice Quiz

Florida Real Estate Exam - Question List

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76.
The owner of an undivided interest in land with no right of survivorship owns the land as:

  1. A joint tenant
  2. In severalty
  3. Absolute ownership
  4. A tenant in common
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77.
When the Environmental Review Board or the Department of Real Estate issues a “negative declaration”, it means that the subdivision:

  1. Has not been approved by the Real Estate Commissioner for the issuance of a public report
  2. Public report contains notations of possible adverse environmental impacts
  3. Will have an insignificant effect upon the environment
  4. Has been approved, subject to compliance with provisions for mitigating adverse environmental conditions
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78.
The most difficult step in the capitalization approach is to:

  1. Establish the annual net income
  2. Establish the annual gross income
  3. Find comparable sales
  4. Select the appropriate capitalization rate
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79.
Broker Bart was taken to court by a client who was suing the broker for fraud in a real estate transaction.  The client was successful and was awarded damages in the civil suit.  After the judgment has been handed down, the Real Estate Commissioner can immediately:

  1. Revoke the broker’s license
  2. Suspend the broker’s license pending a hearing
  3. File an accusation and statement of issues and proceed against the broker
  4. Hold a hearing with his deputies to decide if a Notice of Suspension should be mailed
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80.
The purpose of a Deed is to:

  1. Transfer title from one party to another
  2. Show the persons involved in the title transfer
  3. Create a written document suitable for recording
  4. Create a document that, when recorded, will give actual notice of ownership
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