Practice Quiz

Florida Real Estate Exam - Question List

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6.

A real estate broker hired a sales agent and entered into a written contract of employment, designating then as an Independent Contractor. Such status permits the sales agent to do all of the following except:

  1. Advertise listed properties in their own name
  2. Sue to collect commission in their own name
  3. Work for several brokers at one time
  4. Perform their services only through their employing broker
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7.

A broker is required to keep their principal informed of all material facts. A broker who holds a listing from the seller must disclose which of the following facts when presenting an offer?

  1. The purchaser is not of the Caucasian race
  2. A cooperating broker will be presenting a higher offer the following day
  3. The buyer's lender is insisting on an impound account
  4. None of the above
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8.

Broker Newman sold a property owned by Robins to buyer Nichols. Later when the first rains of the season began, buyer Nichols found that the roof leaked badly. Thereupon, the buyer sued both the seller and the broker for the cost of the necessary repairs. In the same action, the seller sued broker Newman because seller Robins had told the broker of the leaky roof. Broker Newman’s testimony revealed that the broker was aware of the leaky roof but had not mentioned it to buyer Nichols because “the subject never came up.” Based on the foregoing information, the most likely result of the court action would be:

  1. On the basis of the principle of caveat emptor, the buyer was not entitled to recover from either the broker or the seller
  2. The buyer recovered from the broker, but the seller would not be considered liable
  3. The buyer recovered from the seller, but the broker would not be liable
  4. The buyer would be successful in the suit against both the seller and the broker; the seller would be successful in the suit against the broker
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9. Adams sold his house to Brooks, who did not record the deed, but took up residency there. Adams then sold the same property to Carr, who reviewed the county recorder’s records, but did not examine the property. Adams gave Carr a deed, which Carr recorded. Which of the following would be true concerning title to the property?
  1. Carr and brooks are co-owners of the property
  2. Carr now owns the property because he recorded his deed first
  3. Carr has recourse against Brooks for failure to record
  4. Brooks maintains title
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10. For income tax purposes, on which of the following could depreciation be taken?
  1. Raw land
  2. Owner occupied residential property
  3. Owner occupied farmhouse
  4. Peach orchards
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