FLORIDA REAL ESTATE EXAM, PRACTICE EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL EXAM NEWEST 500 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) ALREADY GRADED A+.pdf

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FLORIDA REAL ESTATE EXAM 2025| BRAND NEW A n n n n n n n



CTUAL EXAM WITH 100% VERIFIED QUESTIONS A n n n n n n



ND CORRECT SOLUTIONS| GUARANTEED VALUE P
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ACK| ACE YOUR GRADES. n n n




Ginnie Mae approved mortgage-backed securities
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A. Carry the full faith and credit guarantee of the federal government
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B. Are to be paid on closing date
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C. Are sold to the primary market
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D. Do not have to pay fees - correct answer -
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A. A. Carry the full faith and credit guarantee of the federal government
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At the time of the mortgage loan application The Real Estate Settlement Proc
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edures Act (RESPA) requires n n n



A. Good faith estimate n n



B. Insurance
C. Lien
D. APR - correct answer - A. Good faith estimate
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The federal reserve regulation z requires lenders disclose the annual percent
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age rate in appliance with
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A. The real estate procedures act
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B. Equal credit opportunity act n n n



C. The truth in lending act n n n n

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D. The civil rights act of 1866 - correct answer - C. The truth in lending act
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Financial institutions must make credit available without discrimination of rac
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e in accordance with
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A. The civil rights act of 1866
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B. The real estate procedures act
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C. The truth in lending act
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D. The equal credit opportunity act - correct answer -
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D. The equal credit opportunity act
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Potential gross income minus vacancy and collection losses is
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A. Effective gross income n n



B. Net income n



C. Total income n



D. Potential income - correct answer - A. Effective gross income
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A developer of 20 or more new residential units must give a
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to a n


n buyer
A. Interval
B. Time share n



C. Plat map n



D. Prospectus - correct answer - D. Prospectus n n n n n n

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"A developer must give a purchaser a prospectus which gives condominiu
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m details"
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Drew the tenant pays the landlord rent in advance and a security deposit, the l
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andlord puts the funds in his personal account
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A. The landlord must put the funds in an interest bearing account
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B. The landlord is allowed to put the funds in his personal account
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C. The landlord is not allowed to put the funds in his personal account they m
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ust be put in a separate account
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D. The landlord is allowed to put the funds in his personal account as long a
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s he does not spend them - correct answer -
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nThe department of business and professional regulation is under which Flor
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ida statute n




A. Chapter 61j2 n



B. Chapter 475 n



C. Chapter 455 n



D. Chapter 20 n




A member of the US armed forces is transferred to active duty in Florida. T
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he service members spouse holds a valid New York real estate license. Th
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e service members spouse desires a Florida real estate license. Which is tr
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ue?


A. The spouse must complete the prelicense education
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B. The spouse must pass the Florida specific real estate exam
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C. Upon application for license, the DBPR must issue license
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D. The spouse is eligible for Florida license because if mutual recognition
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with state of New York - correct answer -
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C. Upon application for license, the DBPR must issue license
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Which statement is false regarding mutual recognition agreements?
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A. The agreements are intended to recognize the education and experie
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nce that real estate licensee's have acquired in other states are nations
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B. Mutualnrecognitionnapplicantsnarenrequiredntontakenannexamination nonn
Florida real estate lawsn n n




C. Mutual recognition applicants maybe Florida residents or non-residents
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D. MutualnagreementsnallownFloridanrealnestatenlicenses ntonhavenannequalno
pportunity for licensure in jurisdictions with which agreements are conclud
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ed - correct answer -
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nC Mutual recognition applicants may be Florida residents or non-
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residents




Which of the criteria listed below is not required to hold a Florida real estat
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e?
A. Proof of US citenzship n n n




B. 18 years of age or older
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C. High school diploma or GED
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