Practice Quiz

Florida Real Estate Exam - Question List

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96.
The seller accepted an offer for the purchase of real property and an escrow was opened.  Later the seller discovered misrepresentation on the part of the buyer.  The contract:

  1. Is valid as to the seller
  2. May be voided by the seller
  3. Is void
  4. Is invalid
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97.
An appraiser is preparing the income approach to an appraisal of income property.  In his selection of a capitalization rate, he must recognize that the higher the rate used, the greater the implied:

  1. Income
  2. Appreciation
  3. Risk
  4. Value
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98.
What item will appear as a debit on the buyer’s closing statement?

  1. The purchase price
  2. Prepaid rents
  3. Prepaid property taxes
  4. None of the above
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99.
In appraising a home, one of the factors which would affect the appraised value is:

  1. The number of square feet in the structure
  2. The owner’s book value or cost basis
  3. The current financing on the property
  4. None of the above
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100.
A short-form appraisal report includes all of the following information EXCEPT:

  1. Description of the site improvements
  2. An accurate market analysis
  3. A site analysis
  4. Loans and financing terms
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