Practice Quiz

Florida Real Estate Exam - Question List

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41.
Mrs. Barrett, who lives in Florida, has inherited an estate that cannot be terminated by the death of herself or that of another person.  What kind of an estate is it?
  1. A life estate
  2. An estate for years
  3. A fee simple estate
  4. Estate by inheritance
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42.
Bobby Whittaker, who has listed his house for sale in Jacksonville, is away on a business trip.  Blake Evens, his broker, receives an offer for Bobby’s house in the amount of $167,000.  Before Blake is able to reach Bobby by phone, he receives another offer of $172,500.  What should Blake do?
  1. Continue to telephone Bobby, and then present only the higher offer
  2. When Bobby returns, he should present the first offer first, and only present the second if the first offer is refused
  3. Contact the person who made the lower offer and tell them they need to beat the higher offer
  4. Present both offers to Bobby when Blake is able to reach him
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43.
In Florida, the type of Deed which will give the grantor the best assurance of having no liability in the future is:
  1. A Quitclaim Deed
  2. A Warranty Deed
  3. A Grantor’s Deed
  4. A Fiduciary’s Deed
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44.
The Florida Real Estate Time-Share Act applies to time share plans which consist of:
  1. Less than seven time share periods over a minimum of a seven-year period
  2. More than seven time share periods over at least a three-year period
  3. More than five time share periods over at least a five-year period
  4. More than three time share periods over any time-frame
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45.
According to Florida law, the amount of commission a broker may charge is:
  1. 5%
  2. 7.50%
  3. Any rate which has been agreed to by either the buyer or the seller, and the broker
  4. Varies depending on the county’s jurisdiction
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