Practice Quiz

Florida Real Estate Exam

Category - Florida

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Which of the following items is often short-rated?

  1. An interest rate
  2. Premiums on an insurance policy
  3. Taxes on a single-family residence
  4. Maintenance charges on an apartment building
Explanation
Answer B - When a casualty insurance policy is canceled prior to expiration, the insurance company normally assigns a short-rate factor to the refund.

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