45 Hour Post License Florida
EXAM |ACTUAL EXAM
WITH QUESTIONS AND
CORRECT DETAILED
ANSWERS VERIFIED
ANSWERS ALREADY
GRADED A+ 2024 Farming Correct Answer: Concentrating on one type of style of property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: Correct Answer: - Duplex
- improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved property of four or fewer residential units
- dispositions of business interests for property of four or fewer residential units
Industrial Properties include _______ and ___________ facilities Correct Answer: warehouses and manufacturing
A _________ __________ is a condominium unit that is subdivided into ownership time periods. Correct Answer: timeshare property Timeshare ownership includes the right to use the property for some period-of-time, sometimes referred to as ___________ _____________. Correct Answer: interval ownership
absentee owners Correct Answer: owners who buy income property as investments and depend on professionals to manage them
Lenders may require an ___________ to determine whether the value of the property being used as collateral for a loan is adequate. Correct Answer: appraisal
Appraisals may also be required in connection with _______ _________ ________ ___________, ____________ ____________ __________, _________ ________ _____ ____ _______, _____ _____, _____ _____, ______ _______, and in many other circumstances. Correct Answer: federal income tax claims, federal estate taxes, protesting real estate tax assessments, eminent domain, investment planning, insurance claims, and in many other circumstances.
An appraisal that is used in federally transaction must be performed by an appraiser who is registered, licensed, certified under Part II of FS ____, which is administered by the Florida Real Estate Appraisal Board (FREAB).
Correct Answer: FS 475
A _________ _____ _______ is one in which a loan is made by a federally regulated lending institution that uses real property. Correct Answer: federally related transaction
All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be developed and reported in conformity with the Correct Answer: Uniform Standards of Professional Appraisal Practice (USPAP)
A real estate ________ is an expert, whom others seek when they want answers to real estate questions about such things as avoiding mortgage
EXAM |ACTUAL EXAM
WITH QUESTIONS AND
CORRECT DETAILED
ANSWERS VERIFIED
ANSWERS ALREADY
GRADED A+ 2024 Farming Correct Answer: Concentrating on one type of style of property or on one particular neighborhood
A residential transaction os defined in F.S. 475 as the sale of any: Correct Answer: - Duplex
- improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer
- agricultural properties of ten acres or less
- leases with options to purchase all or a portion of improved property of four or fewer residential units
- dispositions of business interests for property of four or fewer residential units
Industrial Properties include _______ and ___________ facilities Correct Answer: warehouses and manufacturing
A _________ __________ is a condominium unit that is subdivided into ownership time periods. Correct Answer: timeshare property Timeshare ownership includes the right to use the property for some period-of-time, sometimes referred to as ___________ _____________. Correct Answer: interval ownership
absentee owners Correct Answer: owners who buy income property as investments and depend on professionals to manage them
Lenders may require an ___________ to determine whether the value of the property being used as collateral for a loan is adequate. Correct Answer: appraisal
Appraisals may also be required in connection with _______ _________ ________ ___________, ____________ ____________ __________, _________ ________ _____ ____ _______, _____ _____, _____ _____, ______ _______, and in many other circumstances. Correct Answer: federal income tax claims, federal estate taxes, protesting real estate tax assessments, eminent domain, investment planning, insurance claims, and in many other circumstances.
An appraisal that is used in federally transaction must be performed by an appraiser who is registered, licensed, certified under Part II of FS ____, which is administered by the Florida Real Estate Appraisal Board (FREAB).
Correct Answer: FS 475
A _________ _____ _______ is one in which a loan is made by a federally regulated lending institution that uses real property. Correct Answer: federally related transaction
All appraisals, whether performed by a licensed appraiser or a real estate licensee, must be developed and reported in conformity with the Correct Answer: Uniform Standards of Professional Appraisal Practice (USPAP)
A real estate ________ is an expert, whom others seek when they want answers to real estate questions about such things as avoiding mortgage
