Flashcards in Quick Glance Test Questions Deck (257)
Which tax lien is superior?
Property tax lien January 1, 2013
What fees does the buyer pay at closing?
Attorney Fee & Deed Recording
There are only three brokers in the town of Agartha. They make a decision to only accept offers, which pay a commission of 7.2%. Is this allowed?
No, this is illegal under the Sherman-Clayton act
To mix your personal funds with escrow funds would be?
The tenancy that is characterized by Right-of-Survivorship is what
If a broker is selling a mans' home for $75,000, but the seller tells the broker in private that he will accept 72,000 for the home, is the broker obligated to tell the buyer this?
The broker cannot disclose this to the buyer
Which rights are characterized by private ownership along a river or stream and includes access rights to water, boating, or dockage
A Package Mortgage covers which type of property
Chattel and Real
A landlord has how many days to make a claim on a deposit?
A man owned a piece of property before he got married. Now, even though he is married, that property is still considered what?
What does NOT classifies a joint tenancy?
When is a deed considered to be transferred?
When the deed is signed and delivered by a grantor
What easement benefits a water company maintaining rights to lay pipes along your property line?
This body regulates state-certified and registered trainee appraisers
Florida Real Estate Appraisal Board - FREAB
Rights that are characterized by rights relating to land abutting an ocean or lake?
The rights of a property are held by the lender under the what theory
If a seller wishes to sell their home for 92,000, but market value lists the property at 102,500, is the Broker obligated to tell the seller of the true market value.
Yes, the broker is obligated
Is Mortgage interest deductible from the federal income tax
An act, promise, love, obligation, or money in exchange for something else is what
You don't need a real estate license to sell cemetery lots, an attorney-client relationship, or if acting as a salaried employee, with no commission
You do need a license to auction farmland
Is a kickback legal if you are receiving it from someone NOT licensed in your field
Yes choose longest answer
If Joey is ruled unfit or incompetent by the court, which deed will be used to determine what happens to his assets
The statute dealing with the regulations of the Department Business Professional Relations?
Why is a home equity loan more popular than most other loans?
It has a lower interest rate
How many square feet in an acre
An article attached by a commercial tenant as a part of the tenants trade or business and is personal property
A trade fixture
When May an agent begin working and operating
After they register with a broker and that broker submits them to the DBPR
Bob owns 3/4 of an acre of land and wishes to build a home there. However, local requirements state that any new homes built on a full acre of land. What does the owner needed to obtain in order to build their home on the 3/4 acre land?
If a man owns 958,320 sq ft of property how many acres does he own?