FLORIDA 2-20 AGENTS LICENSE FINAL n n n n
EXAM AND STUDY GUIDE | NEWEST ACTU n n n n n n
AL EXAM COMPREHENSIVE QUESTIONS A
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ND VERIFIED ANSWERS GRADED A+ | 100%
n n n n n n n
PASS | 2025 UPDATE! n n n
A father deeds a property to his daughter for her lifetime. After the daug
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hter's death, in accordance with the deed, the property is to pass to the f
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ather's grandson. What interest, if any, does the grandson have in the pro
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perty?
a. The grandson has no interest in the property until the grandfather d
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ies.
b. The grandson has a life estate in the property.
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c. The grandson is a contingent remainder-man in a leasehold estate.
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d. The grandson is a vested remainderman in a remainder estate. -
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✔✔✔ Correct Answer > d. The grandson is a vested remainderman in a
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remainder estate. n
One criterion used to determine if an item in real property is a fixture is w
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hether the real property would be damaged by removing the item in ques
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tion. What "test" for fixtures does this describe?
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a. Intent of the parties n n n
b. Relationship of the parties n n n
,c. Method or degree of attachment n n n n
d. Adaptation of the item - n n n n
n✔✔✔ Correct Answer > c. Method or degree of attachment
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Lenders will often use what type of deed to convey property to a new buy
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er that has been taken back through a foreclosure proceeding?
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a. Quitclaim deed n
b. General warranty deed n n
c. Special warranty deed n n
d. Bargain and sale deed - n n n n
n✔✔✔ Correct Answer > c. Special warranty deed
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The buyer's or seller's signature is required on which brokerage relations
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hip disclosure before the licensee may continue?
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a. No brokerage relationship notice
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b. Single agent notice n n
c. Consent to transition to transaction broker notice
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d. Transaction broker notice - n n n
n✔✔✔ Correct Answer > c. Consent to transition to transaction broke
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r notice
n
Developers of new cooperative units must give buyers a disclosure which
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informs buyers that they may cancel within how many days of signing the
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contract?
a. 3 business days
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,b. 10 business days n n
c. 10 calendar days n n
d. 15 calendar days - ✔✔✔ Correct Answer > d. 15 calendar days
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Two buyers purchased a three story building and took title as legal joint te
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nants. One died testate. The surviving owner now owns the building.
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a. as a tenant by the entirety.
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b. in severalty n
c. in absolute ownership under the law of descent
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d. subject to the terms of the deceased owner's will. -
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n✔✔✔ Correct Answer > b. in severalty
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An interest in real property that exists for a designated period, created by
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a properly executed lease agreement, is
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a. a freehold estate
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b. an estate for years
n n n
c. a tenancy at will
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d. a fee simple estate - ✔✔✔ Correct Answer > b. an estate for years
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The type of time share ownership that the usage rights revert back to the
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developer-seller is n
a. interval ownership n
b. right to use n n
, c. ownership in severalty n n
d. life estate - ✔✔✔ Correct Answer > b. right to use
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A mother deeded a beachfront villa to her son who suffered from a termi
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nal illness. The deed specified that the property was to return to the moth
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er or her heirs when the son died. The estate owned by the mother, or he
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r heirs is
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a. a conventional life estate
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b. a fee simple estate
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c. an estate for years n n n
d. an estate in reversion -
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n✔✔✔ Correct Answer > d. an estate in reversion
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Salaried employees sell time-share units for a large owner-
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developer in Ft. Myers, Florida. Each Christmas, the employees receive a
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year-
end bonus based on sales production for the year. Must the employees b
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e licensed as real estate sales associates?
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a. No, the employees are exempt from a real estate license because t
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hey work for an owner-developer
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b. Yes, they must be licensed as real estate sales associates because p
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art of the compensation is based on real estate sales production
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c. No, they are exempt from a real estate license because the e
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mployees must hold a time-share license. n n n n n
d. Yes, they must be licensed as real estate sales associates because th
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ey perform services of real estate for an owner-developer. - ✔✔✔
n n n n n n n n n n
EXAM AND STUDY GUIDE | NEWEST ACTU n n n n n n
AL EXAM COMPREHENSIVE QUESTIONS A
n n n n
ND VERIFIED ANSWERS GRADED A+ | 100%
n n n n n n n
PASS | 2025 UPDATE! n n n
A father deeds a property to his daughter for her lifetime. After the daug
n n n n n n n n n n n n n
hter's death, in accordance with the deed, the property is to pass to the f
n n n n n n n n n n n n n n
ather's grandson. What interest, if any, does the grandson have in the pro
n n n n n n n n n n n n
perty?
a. The grandson has no interest in the property until the grandfather d
n n n n n n n n n n n
ies.
b. The grandson has a life estate in the property.
n n n n n n n n
c. The grandson is a contingent remainder-man in a leasehold estate.
n n n n n n n n n
d. The grandson is a vested remainderman in a remainder estate. -
n n n n n n n n n n
✔✔✔ Correct Answer > d. The grandson is a vested remainderman in a
n n n n n n n n n n n n n
remainder estate. n
One criterion used to determine if an item in real property is a fixture is w
n n n n n n n n n n n n n n n
hether the real property would be damaged by removing the item in ques
n n n n n n n n n n n n
tion. What "test" for fixtures does this describe?
n n n n n n n
a. Intent of the parties n n n
b. Relationship of the parties n n n
,c. Method or degree of attachment n n n n
d. Adaptation of the item - n n n n
n✔✔✔ Correct Answer > c. Method or degree of attachment
n n n n n n n n n
Lenders will often use what type of deed to convey property to a new buy
n n n n n n n n n n n n n n
er that has been taken back through a foreclosure proceeding?
n n n n n n n n n
a. Quitclaim deed n
b. General warranty deed n n
c. Special warranty deed n n
d. Bargain and sale deed - n n n n
n✔✔✔ Correct Answer > c. Special warranty deed
n n n n n n n
The buyer's or seller's signature is required on which brokerage relations
n n n n n n n n n n
hip disclosure before the licensee may continue?
n n n n n n
a. No brokerage relationship notice
n n n
b. Single agent notice n n
c. Consent to transition to transaction broker notice
n n n n n n
d. Transaction broker notice - n n n
n✔✔✔ Correct Answer > c. Consent to transition to transaction broke
n n n n n n n n n n
r notice
n
Developers of new cooperative units must give buyers a disclosure which
n n n n n n n n n n n
informs buyers that they may cancel within how many days of signing the
n n n n n n n n n n n n n
contract?
a. 3 business days
n n
,b. 10 business days n n
c. 10 calendar days n n
d. 15 calendar days - ✔✔✔ Correct Answer > d. 15 calendar days
n n n n n n n n n n n
Two buyers purchased a three story building and took title as legal joint te
n n n n n n n n n n n n n
nants. One died testate. The surviving owner now owns the building.
n n n n n n n n n n
a. as a tenant by the entirety.
n n n n n
b. in severalty n
c. in absolute ownership under the law of descent
n n n n n n n
d. subject to the terms of the deceased owner's will. -
n n n n n n n n n
n✔✔✔ Correct Answer > b. in severalty
n n n n n n
An interest in real property that exists for a designated period, created by
n n n n n n n n n n n n n
a properly executed lease agreement, is
n n n n n
a. a freehold estate
n n
b. an estate for years
n n n
c. a tenancy at will
n n n
d. a fee simple estate - ✔✔✔ Correct Answer > b. an estate for years
n n n n n n n n n n n n n
The type of time share ownership that the usage rights revert back to the
n n n n n n n n n n n n n n
developer-seller is n
a. interval ownership n
b. right to use n n
, c. ownership in severalty n n
d. life estate - ✔✔✔ Correct Answer > b. right to use
n n n n n n n n n n
A mother deeded a beachfront villa to her son who suffered from a termi
n n n n n n n n n n n n n
nal illness. The deed specified that the property was to return to the moth
n n n n n n n n n n n n n
er or her heirs when the son died. The estate owned by the mother, or he
n n n n n n n n n n n n n n n
r heirs is
n n
a. a conventional life estate
n n n
b. a fee simple estate
n n n
c. an estate for years n n n
d. an estate in reversion -
n n n n
n✔✔✔ Correct Answer > d. an estate in reversion
n n n n n n n n
Salaried employees sell time-share units for a large owner-
n n n n n n n n
developer in Ft. Myers, Florida. Each Christmas, the employees receive a
n n n n n n n n n n n
year-
end bonus based on sales production for the year. Must the employees b
n n n n n n n n n n n n
e licensed as real estate sales associates?
n n n n n n
a. No, the employees are exempt from a real estate license because t
n n n n n n n n n n n
hey work for an owner-developer
n n n n
b. Yes, they must be licensed as real estate sales associates because p
n n n n n n n n n n n
art of the compensation is based on real estate sales production
n n n n n n n n n n
c. No, they are exempt from a real estate license because the e
n n n n n n n n n n n
mployees must hold a time-share license. n n n n n
d. Yes, they must be licensed as real estate sales associates because th
n n n n n n n n n n n
ey perform services of real estate for an owner-developer. - ✔✔✔
n n n n n n n n n n
