Practice Quiz

Florida Real Estate Exam - Question List

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181.
Regarding Mortgage Insurance Premiums, they benefit the:

  1. Lender in case of default of the borrower
  2. Lender in case of death of the borrower
  3. Borrower in case of death
  4. Lender against delinquency in payments
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182.
Which of the following can the Federal Reserve Board do if they feel that there is an inflationary trend developing in the United States?

  1. Increase the discount rate
  2. Enter into the government bond market in a selling capacity
  3. Adjust the amount of reserves required for its member banks
  4. All of the above
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183.
In the case of a sale, which of the following would be exempt from the Discrimination and Unlawful Acts chapter in the Health and Safety Code?

  1. Owner occupied residence financed by the VA
  2. Fourplex financed by FHA
  3. Owner occupied single residence unencumbered
  4. None of the above
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184.
When commercial real estate is purchased today, the minimum period of time over which the owner can depreciate the improvements is:

  1. Fifteen years
  2. 27 1/2 years
  3. 39 years
  4. 42 years
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185.
When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed:

  1. A net lease
  2. A gross lease
  3. A voidable lease
  4. A percentage lease
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