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45 Hour Post License Florida Exam Questions with
100% Correct Answers
._____ is the use of borrowed funds to increase the potential
return of an investment /ANSWER/leverage
._______ are involved with the enforcement of liens due to
borrowers defaulting on items such as property taxes, mortgages,
income taxes, or community association fees or anything else
leading to an actual auction of the real property for repayment of
that debt. /ANSWER/Courthouse Auctions
._______ is a business structure with a parent and smaller
subsidiary operations. /ANSWER/Franchise
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._______ is a deduction that allows an investor to write off the cost
of his or her investment in income-producing property over a
prescribed period. /ANSWER/Tax depreciation
._______ means that the buyer acknowledges the fact that the
home they are buying has a lien against it but the buyer does not
accept any personal legal responsibility for the repayment of the
debt. /ANSWER/"Subject to"
._________ is the practice of directing homebuyers toward or
away from homes in certain neighborhoods or in a multiunit
building in order to preserve or alter the makeup of that
neighborhood with respect to race, sex, religion, or national origin.
/ANSWER/Steering
._________ is the practice of inducing owners to sell by telling
them that persons of a protected class are moving into the
neighborhood and the results will be detrimental to the
neighborhood. /ANSWER/Blockbusting
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._________ is the reduction in the value of an asset due to usage,
passage of time, wear and tear, technological outdating,
depletion, or other such factors /ANSWER/depreciation
._________ roofs are susceptible to wear from standing water.
/ANSWER/Flat
.__________ is the illegal practice of refusing mortgage financing
or insurance based on a specific geographical location, age of the
property, the income level of the residents, or the racial
composition of the area. /ANSWER/Redlining
.__________ specializes in helping small business owners in the
buying and selling process. /ANSWER/Business brokerage
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.__________ specializes in selling or leasing income producing
properties such as malls, office parks, restaurants, gas stations,
and office towers /ANSWER/Commercial brokerage
.___________ are costs that do not change with the level of
occupancy, such as real estate taxes and hazard insurance.
/ANSWER/fixed expenses
.A ______ is a right to buy a property during a specified period, at
a specified price. It is not an obligation to buy the property, as is
the case with a sales contract. /ANSWER/Option contact
.A ________ can be sold rapidly with minimal loss of value
/ANSWER/liquid asset
.A ________ is an estimate of value for a property owned by the
bank. /ANSWER/Broker Price Opinion
45 Hour Post License Florida Exam Questions with
100% Correct Answers
._____ is the use of borrowed funds to increase the potential
return of an investment /ANSWER/leverage
._______ are involved with the enforcement of liens due to
borrowers defaulting on items such as property taxes, mortgages,
income taxes, or community association fees or anything else
leading to an actual auction of the real property for repayment of
that debt. /ANSWER/Courthouse Auctions
._______ is a business structure with a parent and smaller
subsidiary operations. /ANSWER/Franchise
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._______ is a deduction that allows an investor to write off the cost
of his or her investment in income-producing property over a
prescribed period. /ANSWER/Tax depreciation
._______ means that the buyer acknowledges the fact that the
home they are buying has a lien against it but the buyer does not
accept any personal legal responsibility for the repayment of the
debt. /ANSWER/"Subject to"
._________ is the practice of directing homebuyers toward or
away from homes in certain neighborhoods or in a multiunit
building in order to preserve or alter the makeup of that
neighborhood with respect to race, sex, religion, or national origin.
/ANSWER/Steering
._________ is the practice of inducing owners to sell by telling
them that persons of a protected class are moving into the
neighborhood and the results will be detrimental to the
neighborhood. /ANSWER/Blockbusting
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._________ is the reduction in the value of an asset due to usage,
passage of time, wear and tear, technological outdating,
depletion, or other such factors /ANSWER/depreciation
._________ roofs are susceptible to wear from standing water.
/ANSWER/Flat
.__________ is the illegal practice of refusing mortgage financing
or insurance based on a specific geographical location, age of the
property, the income level of the residents, or the racial
composition of the area. /ANSWER/Redlining
.__________ specializes in helping small business owners in the
buying and selling process. /ANSWER/Business brokerage
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.__________ specializes in selling or leasing income producing
properties such as malls, office parks, restaurants, gas stations,
and office towers /ANSWER/Commercial brokerage
.___________ are costs that do not change with the level of
occupancy, such as real estate taxes and hazard insurance.
/ANSWER/fixed expenses
.A ______ is a right to buy a property during a specified period, at
a specified price. It is not an obligation to buy the property, as is
the case with a sales contract. /ANSWER/Option contact
.A ________ can be sold rapidly with minimal loss of value
/ANSWER/liquid asset
.A ________ is an estimate of value for a property owned by the
bank. /ANSWER/Broker Price Opinion
