Tampa Real Estate Exam fully solved &
updated
If a developer wants to sell or lease lots in a subdivision with 100 or more lots,
which agency must the subdivision be registered with? - ANSWER-The
Consumer Financial Protection Bureau
What are riparian rights? - ANSWER-A type of ownership rights that are
associated with land that abuts moving water. (Riparian=River)
What is a unilateral contract? - ANSWER-A contract where only one party is
obligated to perform in order to fulfill it
What business entities MAY register as a real estate brokerage? - ANSWER--
Corporations
-Limited Liability Companies
-General Partnerships
-Limited Partnerships
-Sole Proprietorships
-Limited Liability Partnership
What is directly to the EAST of T2S, R2W? - ANSWER-T2S, R1W
The SE1/4 of the NW1/4 of the NE1/4 of Section 19 contains how many acres?
- ANSWER-10.
1/4, 1/4, 1/4
640/4/4/4= 10 acres
, Tampa Real Estate Exam fully solved &
updated
What 3 things will the Real Estate Recovery Fund NEVER reimburse? - ANSWER-
Punitive Damages
Treble Damages
Interest
What methods are used to determine whether an item is a fixture? - ANSWER-
IRMA:
INTENT of the parties
RELATIONSHIP or agreement of the parties
METHOD or degree of attachment
ADAPTATION of the item
In certain nonresidential transactions where the buyer and seller both have
assets of $1 million or more, and two associates can act as single agents in the
same transaction, what disclosure form MUST be signed but the buyer and the
seller? - ANSWER-Designated Sales Associate Notice (DSAN)
For brokers, what anti-competitive acts are prohibited under the Sherman
Antitrust Act? - ANSWER-Price-fixing- (competing brokers establish
standard commission rate)
Market Allocation- (brokers agree to split markets
among themselves)
What are the 8 required elements for a valid deed? - ANSWER-1. Must be in
wiring
2. Names of grantor and grantee
updated
If a developer wants to sell or lease lots in a subdivision with 100 or more lots,
which agency must the subdivision be registered with? - ANSWER-The
Consumer Financial Protection Bureau
What are riparian rights? - ANSWER-A type of ownership rights that are
associated with land that abuts moving water. (Riparian=River)
What is a unilateral contract? - ANSWER-A contract where only one party is
obligated to perform in order to fulfill it
What business entities MAY register as a real estate brokerage? - ANSWER--
Corporations
-Limited Liability Companies
-General Partnerships
-Limited Partnerships
-Sole Proprietorships
-Limited Liability Partnership
What is directly to the EAST of T2S, R2W? - ANSWER-T2S, R1W
The SE1/4 of the NW1/4 of the NE1/4 of Section 19 contains how many acres?
- ANSWER-10.
1/4, 1/4, 1/4
640/4/4/4= 10 acres
, Tampa Real Estate Exam fully solved &
updated
What 3 things will the Real Estate Recovery Fund NEVER reimburse? - ANSWER-
Punitive Damages
Treble Damages
Interest
What methods are used to determine whether an item is a fixture? - ANSWER-
IRMA:
INTENT of the parties
RELATIONSHIP or agreement of the parties
METHOD or degree of attachment
ADAPTATION of the item
In certain nonresidential transactions where the buyer and seller both have
assets of $1 million or more, and two associates can act as single agents in the
same transaction, what disclosure form MUST be signed but the buyer and the
seller? - ANSWER-Designated Sales Associate Notice (DSAN)
For brokers, what anti-competitive acts are prohibited under the Sherman
Antitrust Act? - ANSWER-Price-fixing- (competing brokers establish
standard commission rate)
Market Allocation- (brokers agree to split markets
among themselves)
What are the 8 required elements for a valid deed? - ANSWER-1. Must be in
wiring
2. Names of grantor and grantee
