Florida Real Estate Exam - Question List

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161.
Your neighbor has just built a wall which encroaches a foot onto your property.  How long do you have to take action?

  1. One year
  2. Two years
  3. Three years
  4. Four years
162.
Which of the following could NOT be described as functional obsolescence?

  1. Improvements that have lost their usefulness
  2. The proximity of obnoxious nuisances
  3. No air conditioning in a commercial building in a warm climate
  4. Outmoded or outlandish design
163.
The net effect of a tight money policy implemented by the Federal Reserve Board would be the increasing of:

  1. New home sales
  2. Use of new first mortgages in real estate financing
  3. Use of junior loans in real estate financing
  4. Supply of money available for real estate financing
164.
The title granted by a Gift Deed is most comparable to that acquired by:

  1. A Quitclaim Deed
  2. A Trust Deed
  3. A Warranty Deed
  4. A Land Contract of Sale
165.
For property tax assessment purposes, the county assessor would consider a new well and pump installed on a parcel of land to be:

  1. Part of the land
  2. Personal property
  3. Additions
  4. Improvements

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