Practice Quiz

Florida Real Estate Exam - Question List

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11.

For an inflation hedge, one would most likely put their money into:

  1. A savings account
  2. Government backed trust deeds or mortgages
  3. Long term government bonds
  4. Equity assets
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12. Certain factors to be considered in evaluating business property are given special names by appraisers. The name given to the factor which affords the advantage of display area and entrances on two streets is called:
  1. Pedestrian court
  2. Corner influence
  3. 100% location
  4. Accessibility
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13. Principal characteristics of Fee Simple Title include all of the following EXCEPT:
  1. It is free of encumbrances
  2. It may be willed
  3. It is transferable
  4. It is of indefinite duration
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14.

Olivia, the owner of Blackmore, sold it to Andrea, but reserved to herself a life estate, and remained in possession of it. Later, Olivia sold her life estate to Beatrice, and surrendered possession of it to her. Andrea then demanded immediate possession as the fee owner. In this situation:

  1. Andrea is entitled to possession
  2. Beatrice can sue for the return of her purchase price
  3. Olivia is liable for damages to Andrea
  4. Beatrice can retain possession as long as Olivia is alive
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15.

Jed gives David a written option allowing David to buy Jed’s house for $100,000 within eighteen months from the date of the option. David gives Jed $0.25 payment in exchange for the option. The option is:

  1. Void for lack of sufficient consideration
  2. Voidable for lack of consideration, but only at Jed's discretion
  3. Valid; the consideration is sufficient
  4. Unenforceable because the option right extends beyond one year
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