Practice Quiz

Florida Real Estate Exam - Question List

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26. After six lots have been sold in a subdivision, the Real Estate Commissioner is informed of misrepresentation in the sales program. The Commissioner could halt the sale of more lots by:
  1. Voiding the public report
  2. Attaching the unsold lots
  3. Issuing a Desist and Refrain order
  4. Filing an accusation in court
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27. A lease for a three-year term which called for rent to be paid quarterly expired. If at the end of the term, the landlord were to accept another payment of rent, the lease would be:
  1. Extended another three years
  2. A periodic tenancy
  3. Extended for a term not to exceed one year
  4. Cancelled in any event
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28. Marx usually takes a shortcut to one of his barns by driving across McDonald’s land. He has been making the drive almost every day for the past twenty-eight years. McDonald had often asked Marx to stop this practice. Marx now says he has a legal right to continue this use of McDonald’s land. Marx’s right, if valid, is an easement by:
  1. Necessity
  2. Implication
  3. Prescription
  4. Misfeasance
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29.

Which of the following is not part of loan servicing?

  1. Processing payments and sending statements
  2. Managing the escrow account
  3. Handling pay-offs and assumptions
  4. All of the above are part of loan servicing
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30.

The term “servicing” describes which of the following? Choose all that apply.

  1. The collection of mortgage payments from borrowers
  2. What the mechanic does to your car
  3. Duties of a loan servicer
  4. None of the above
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