Practice Quiz

Florida Real Estate Exam - Question List

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116.
Concerning value, which of the following is the most important factor?

  1. Location
  2. Price asked
  3. Current use of the property
  4. Future anticipated use of the property
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117.
A “Prepayment Penalty Clause” benefits:

  1. The beneficiary
  2. The trustee
  3. The trustor
  4. All of the above
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118.
The five requisites for a valid land contract are:

  1. Legality, capacity of the parties, mutuality, offer/acceptance, writing
  2. Consideration, offer/acceptance, mutuality, capacity of the parties, writing
  3. Mutuality, consideration, offer/acceptance, legality, legal object
  4. Consideration, offer/acceptance, legality, capacity of the parties, writing
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119.
Mr. and Mrs. Walter Layman hold title to their property as joint tenants.  Mrs. Layman has had a will drawn in which she, upon her death, transfers her interest in the home to the children equally.  Concerning her will upon her death, which of the following would be true?

  1. The children have no interest whatsoever in the property
  2. Each child will have a half interest in the property
  3. One-half will go to the children and one-half to the father
  4. The property must be probated to determine correct ownership
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120.
If five people own property as joint tenants:

  1. They need not own equal interest in the property
  2. There is still only one title to the whole property
  3. And one of the owners dies, his heirs become tenants in common with the surviving co-owners
  4. Each co-owner has a separate legal title to his undivided interest
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