Practice Quiz

Florida Real Estate Exam - Question List

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201.
All of the following statements are correct concerning the transfer of title to personal property, EXCEPT:

  1. Title to personal property can be transferred by the delivery of possession
  2. The condition of the title to personal property can usually be determined by a study of public records with about the same accuracy as title to real property
  3. Personal property is usually considered to be situated in the domicile of the owner regardless of where the property actually is, and is covered by the law that covers the owner's domicile
  4. A written instrument can be used along with the transfer of personal property, but in many cases, such an instrument is not necessary to the validity of the transfer
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202.
The liquidity of a business refers to the ratio between:

  1. Fixed assets and fixed liabilities
  2. Current assets and current liabilities
  3. Total capital and total liabilities
  4. Net income and gross income
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203.
Which of the following would NOT be considered a prime tenant in a shopping center?

  1. A chain Five and Dime store
  2. A specialty shop
  3. A grocery store
  4. A department store
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204.
A person unable to take an oath would take or do which of the following?

  1. A confirmation
  2. An affirmation
  3. An affidavit
  4. A notarization
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205.
Three parties owned equal interests in a large parcel of potentially agricultural land as tenants in common.  One of the co-owners decided to lease the entire parcel to a third party for agricultural purposes without the consent of the other cotenants.  Under these circumstances, if the two parties entered into the contract, the lease would be:

  1. Valid and binding on the three cotenants
  2. Invalid as land owned by multiple owners cannot be leased
  3. Valid, provided it did not exceed the legal limit of 51 years
  4. Invalid, as one cotenant cannot obligate the other cotenants for a lease of the whole property without their consent
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