Practice Quiz

Florida Real Estate Exam - Question List

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16.

Mortgage interest rates usually decrease when:

  1. The supply of mortgage money increases substantially
  2. Inflationary trends are on the upswing
  3. Businesses are expanding and making large capital expenditures
  4. The Federal Reserve Board increases the reserve requirements for member banks
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17.

Which of the following would be in violation of Florida law concerning escrow accounts?

  1. The real estate broker who holds an escrow for a buyer and a seller whom they had represented in the sale
  2. The real estate broker who solicits escrows from their fellow brokers and agrees to make no charge for the work
  3. The attorney at law who handles an escrow for a fee on behalf of their clients
  4. The licensed escrow company that is incorporated and advertises for escrows for a fee
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18.

The Real Estate Commissioner issues special permits to real estate brokers for:

  1. Business opportunity transactions
  2. Subdivision lot transactions
  3. Mineral, oil, and gas transactions
  4. Cemetery lot sales
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19. Under the Truth-in-Lending Law, which of the following is not to be included in the finance charge?
  1. Appraisal fee
  2. Loan points
  3. Time/price differential
  4. Finder's fees and similar charges
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20. Concerning the following, which would be correct?
  1. A note is the security for a trust deed
  2. A trust deed has more value than a note
  3. A trust deed is security for a note
  4. The note must be recorded to perfect a lien on the property
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