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Florida Real Estate Exam

Category - Florida

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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?

A life estate
An estate for years
A fee simple estate
Estate by inheritance

Explanation

Answer B - An estate for years is one which exists for a stated period of time, ranging from less than one year to many years.

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