Practice Quiz

Florida Real Estate Exam - Question List

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151.
Mr. Good and Ms. Best make an oral agreement regarding the sale of Ms.  Best's grapefruit grove in Florida.  This contract normally would be unenforceable in a court of law based on the:

  1. Laws of agency.
  2. Statute of frauds.
  3. Statute of limitations.
  4. Real estate licensing laws.
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152.
A hurricane uproot several big trees on Mike Miser's property in Miami, he offers to pay $200 to whoever will clear his property of the trees and debris.  This is an example of a/an:

  1. Implied contract.
  2. Bilateral contract.
  3. Unilateral contract.
  4. Executed contract.
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153.
Seller Stacey and Buyer Linda negotiated the sale and purchase of Stacey's condominium in Orlando over a two week period.  Finally, they reached a meeting of the minds regarding the purchase price and terms of the sale.  What type of contract exists at this point?

  1. Implied contract.
  2. Express contract.
  3. Executed contract.
  4. Option contract.
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154.
The state law requirement that local governments provide public facilities and services at the same time as the impact of each phase of the development is called the:

  1. Community impact provision.
  2. Infrastructure provision.
  3. Concurrency provision.
  4. Comprehensive plan provision.
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155.
John, Bill and Charles form a partnership by oral agreement.  Bill and Charles sign a contract to purchase a property in the partnership name.  Which applies?

  1. Only Bill and Charles are liable.
  2. All three partners are liable.
  3. This is not a partnership; partnerships must be established by written agreement.
  4. Bill and Charles have violated the real estate license law.
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