STATE EXAM FLORIDA REAL ESTATE / STUDY
GUIDE QUESTIONS WITH DEFINITIVE
SOLUTIONS
Terms in this set (90) When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the following is true regarding the Florida RE commission?Two members do not have to have a Florida Real Estate license The Fair Housing Act prohibits discrimination based on Race, color, religion, national origin, sex, familial status, handicap A piece of property that is 400 feet by 325 feet is
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The truth in lending act gives a consumer the right to rescind a mortgage secured by his homestead Who can renew their initial Florida real estate license without post license education?A person that graduated with a university with a 4 year degree in real estate Which of the following words are synonyms?vendor-seller If an adult enters into a contract with a child this contract can be enforced in a court by the child Price Fixing isa violation of Sherman-clayton antitrust law 1 / 2
In a joint tenancy has the right of survivorship and owners acquire interest at the same time An expressed contract is unambiguous To become the chairman of the Florida Real Estate Commission a member is elected by his or her peers A florida Real Estate licensehas an expiration date on it, expires biennially, serves as prima facie evidence that the holder is properly licensed Florida Real estate licensee cannot promise to re- purchase property back in the future unless a guaranteed re-purchae agreement has been approved by the state of florida A florida real estate salesman must turn escrow money over to his broker before the end of the business day following the day he received the money A florida real estate broker can have an interest bearing escrow account Which of the following would a buyer certainly not get at closing certificate of title When the gov. exercises the power of eminent domain, which of the following statements is NOT true Homestead will protect a widow from eminent domain When a person dies intestate with no heirs Their Real Estate passes to the Florida gov. through a process called escheat Actual notice issomething you have learned by reading, seeing, or hearing
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