Practice Quiz

Florida Real Estate Exam - Question List

Select how would you like to study

Study Mode Free Daily Question Test Mode
126.
A prospective purchaser obtained a four-month option on a parcel of real property by paying $200 to the owner.  All of the following are true EXCEPT:

  1. The optionee has created a legal interest in the property
  2. The optionor is totally restricted by having received a “valuable” consideration’
  3. The agreement imposes no obligation on the optionee to purchase the property
  4. A unilateral contract has been created
See answer
127.
Race restrictions limiting the sale or lease of property to persons of the Caucasian race were imposed on a subdivision in 1920, due to expire in 1995.  The restrictions are presently:

  1. Valid, as long as the original owner is still alive
  2. Unenforceable, even though the majority of homeowners want them
  3. Enforceable, if the buyer agrees
  4. Binding
See answer
128.
The Uniform Settlement Statement required by the Real Estate Settlement Procedures Act by law shall be delivered or mailed to the borrower no later than:

  1. Ten business days from the date of the loan commitment
  2. Three business days prior to the closing of the transaction
  3. One calendar day prior to the closing of the transaction
  4. On or before the date of settlement
See answer
129.
The tax assessment roll, showing the assessed value of property in an area, would be used to:

  1. Determine the proportionate share paid by each property owner
  2. Establish the tax rate
  3. Establish the tax base for the community
  4. Equalize the taxes paid by the owners in that area
See answer
130.
How long does a victim have to file a complaint about discrimination with the Department of Housing and Urban Development?

  1. Three months
  2. Six months
  3. Nine months
  4. One year
See answer

Select how would you like to study

Study Mode Free Daily Question Test Mode