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1. 3-month term loan of $5,000 at 5,000 x 13% = 650 per year; months =54.17
13% interest. What is the total per month x 3 months = 162.50; 5,000 principal + 162.50
payment due at the end of the interest = $5,162.50
term?
2. When is the landlord required to 30 days
notify the tenant in writing of the
manner in which the landlord is
holding the advance rent or secu-
rity deposit and the rate of inter-
est, if any, the tenant will receive?
3. If a tenant is properly notified of 15 days after receipt of notice of landlord's claim
the landlord's claim on the secu-
rity deposit, the tenant is allowed
to file an objection:
4. Investor is performing an analy- 120 x 200 = 24,000 square feet x 80% (usable) = 19,200
sis of a 120 x 200 4 story industrial square feet usable per floor;
warehouse building. Investor es- 10 x 20 = 200 square feet per unit;
timates that 20% of the space will 19, = 96 units per floor x 4 floors = 384 units
be unusable. How many 10 x 20
bins could be built?
5. How many square feet in the NW 54,450 sq. ft. (one section is 640 acres) (one acre is
1/4 of the NW 1/4 of the SE 1/4 of 43,560 sq. feet)
the SW 1/4 of the W 1/2? (640 acres/4, /4, /4, /4, /2 x 43560)
6. how many acres in a section 640
7. how many square feet in an acre? 43,560
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8. How many acres are contained in 62.5 acres
a parcel of land measuring 1,650 1650 x 1650 = 2,722,500 divided by 43,560 = 62.5
feet by 1,650 feet?
9. The homeowners association dis- the existence of restrictive covenants, and any assess-
closure includes what informa- ments that the association imposes
tion to the prospective buyer:
10. Which activity requires a license auctioning farmland
under Chapter 475?
11. Name activities that do not re- *A personal representative selling the property of a de-
quire a license under chapter ceased
475? *A CPA when performing accounting functions for a real
estate investor
*Salaried on-site manager of an apartment building
12. Which is NOT true regarding FHA both will charge a prepayment penalty
and VA mortgages?
(Note: There is no prepayment penalty for either of
these!)
13. Name what is true about FHA and *A prepayment clause is normally included
VA mortgages. *they are both assumable
*there are limits on the amount of FHA loans but not VA
loans
14. A sales associate applicant who a broker agrees to hold the license and the license is
successfully passes the state registered at DBPR
exam may legally begin to "oper-
ate" as a licensee when: (2 things)
15. Which is UNTRUE of appraisals?
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Market activity is a consideration in determining invest-
ment value
16. What is true of appraisals? *All appraisals, regardless of who performs the appraisal,
must comply with USPAP
*A real estate licensee may perform a comparative market
analysis for compensation
*Appraisals of real property, including mineral rights,
must be performed by a licensed or certified appraiser
17. A broker who works in a capacity a transaction broker
of limited representation for ei-
ther the buyer, the seller, or both
in the same transaction is:
18. An easement may NOT be termi- Sale of the property
nated by?
19. What is UNTRUE of required dis- The lead-based paint disclosure must be given on all
closures? properties built prior to 1978: not required for commer-
cial properties built prior to 1978
(Note: This disclosure is required for commercial proper-
ties too!)
20. A Home Equity loan is more popu- the interest rate is lower
lar than other types of consumer
credit because:
21. In an effort to obtain a listing, CMA (comparative market analysis)
Broker gathered information on
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recent sales, current and expired
listings. This was:
22. Which reconciliation approach is Cost Depreciation Approach
usually most significant for new
homes?
23. What approach will be given the income capitalization approach
most importance for an income
producing property?
24. What is not true of reconciliation? Appraiser will average the results of the 3 approaches to
determine the appraised value
25. Owners are going through a di- suggest that Bill make an offer
vorce and decided to list with Bob
for $79,000, but they disclosed
to Bob that in order to facilitate
a quick sale they would accept
$74,500. Bob is showing the prop-
erty to his best friend Bill who
is very interested. What can Bob
do?
26. Broker has single agency with a Broker can legally work with the Buyer as a transaction
residential Seller. A prospect is in- broker and have the Seller transition to transaction bro-
terested in seeing Seller's prop- kerage
erty and wants agency represen-
tation from Broker. What can the
broker legally do?
27. Broker is responsible and his license could be suspended
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1. 3-month term loan of $5,000 at 5,000 x 13% = 650 per year; months =54.17
13% interest. What is the total per month x 3 months = 162.50; 5,000 principal + 162.50
payment due at the end of the interest = $5,162.50
term?
2. When is the landlord required to 30 days
notify the tenant in writing of the
manner in which the landlord is
holding the advance rent or secu-
rity deposit and the rate of inter-
est, if any, the tenant will receive?
3. If a tenant is properly notified of 15 days after receipt of notice of landlord's claim
the landlord's claim on the secu-
rity deposit, the tenant is allowed
to file an objection:
4. Investor is performing an analy- 120 x 200 = 24,000 square feet x 80% (usable) = 19,200
sis of a 120 x 200 4 story industrial square feet usable per floor;
warehouse building. Investor es- 10 x 20 = 200 square feet per unit;
timates that 20% of the space will 19, = 96 units per floor x 4 floors = 384 units
be unusable. How many 10 x 20
bins could be built?
5. How many square feet in the NW 54,450 sq. ft. (one section is 640 acres) (one acre is
1/4 of the NW 1/4 of the SE 1/4 of 43,560 sq. feet)
the SW 1/4 of the W 1/2? (640 acres/4, /4, /4, /4, /2 x 43560)
6. how many acres in a section 640
7. how many square feet in an acre? 43,560
, Florida Real Estate Exam Test EXAM Questions & Answers | 100% Verified
solutions | Latest!!
Study online at https://quizlet.com/_j93qps
8. How many acres are contained in 62.5 acres
a parcel of land measuring 1,650 1650 x 1650 = 2,722,500 divided by 43,560 = 62.5
feet by 1,650 feet?
9. The homeowners association dis- the existence of restrictive covenants, and any assess-
closure includes what informa- ments that the association imposes
tion to the prospective buyer:
10. Which activity requires a license auctioning farmland
under Chapter 475?
11. Name activities that do not re- *A personal representative selling the property of a de-
quire a license under chapter ceased
475? *A CPA when performing accounting functions for a real
estate investor
*Salaried on-site manager of an apartment building
12. Which is NOT true regarding FHA both will charge a prepayment penalty
and VA mortgages?
(Note: There is no prepayment penalty for either of
these!)
13. Name what is true about FHA and *A prepayment clause is normally included
VA mortgages. *they are both assumable
*there are limits on the amount of FHA loans but not VA
loans
14. A sales associate applicant who a broker agrees to hold the license and the license is
successfully passes the state registered at DBPR
exam may legally begin to "oper-
ate" as a licensee when: (2 things)
15. Which is UNTRUE of appraisals?
, Florida Real Estate Exam Test EXAM Questions & Answers | 100% Verified
solutions | Latest!!
Study online at https://quizlet.com/_j93qps
Market activity is a consideration in determining invest-
ment value
16. What is true of appraisals? *All appraisals, regardless of who performs the appraisal,
must comply with USPAP
*A real estate licensee may perform a comparative market
analysis for compensation
*Appraisals of real property, including mineral rights,
must be performed by a licensed or certified appraiser
17. A broker who works in a capacity a transaction broker
of limited representation for ei-
ther the buyer, the seller, or both
in the same transaction is:
18. An easement may NOT be termi- Sale of the property
nated by?
19. What is UNTRUE of required dis- The lead-based paint disclosure must be given on all
closures? properties built prior to 1978: not required for commer-
cial properties built prior to 1978
(Note: This disclosure is required for commercial proper-
ties too!)
20. A Home Equity loan is more popu- the interest rate is lower
lar than other types of consumer
credit because:
21. In an effort to obtain a listing, CMA (comparative market analysis)
Broker gathered information on
, Florida Real Estate Exam Test EXAM Questions & Answers | 100% Verified
solutions | Latest!!
Study online at https://quizlet.com/_j93qps
recent sales, current and expired
listings. This was:
22. Which reconciliation approach is Cost Depreciation Approach
usually most significant for new
homes?
23. What approach will be given the income capitalization approach
most importance for an income
producing property?
24. What is not true of reconciliation? Appraiser will average the results of the 3 approaches to
determine the appraised value
25. Owners are going through a di- suggest that Bill make an offer
vorce and decided to list with Bob
for $79,000, but they disclosed
to Bob that in order to facilitate
a quick sale they would accept
$74,500. Bob is showing the prop-
erty to his best friend Bill who
is very interested. What can Bob
do?
26. Broker has single agency with a Broker can legally work with the Buyer as a transaction
residential Seller. A prospect is in- broker and have the Seller transition to transaction bro-
terested in seeing Seller's prop- kerage
erty and wants agency represen-
tation from Broker. What can the
broker legally do?
27. Broker is responsible and his license could be suspended
