FLORIDA REAL ESTATE STATE TEST EXAM LATEST
2025/2026 COMPLETE STUDY QUESTIONS WITH CORRECT
ANSWERS 100% GUARANTEED PASS | RATED A+
When property is bought subject to the mortgage - Answer>>> intangible tax on the mortgage is
not paid
the grantee is not responsible to pay the note
the mortgage could sue the original owner for a deficiency judgement
A florida real estate agent sold a property on sept 9, 2011. On Oct. 1 2011 that agent's license
becomes involuntary inactive. when that transaction closes on Oct. 20, 2011... - Answer>>> that
agent will be paid
A buyer earns $6000 per month in a gross income and the housing expense is $1680 what is this
buyer's housing expense ratio - Answer>>> 28%
When a person dies intestate with no heirs - Answer>>> Their Real Estate passes to the Florida
gov. through a process called escheat
If a builder bough a lot for $40,000 and built a h ouse on that lot. It cost him $200,000 to build
the house. He hired an appraiser to appraise the house. The appraiser said it is worth $295,000. A
young couple offered to buy the house for $280,000 and the builder agreed. - Answer>>> The
cost of the house is $240 and the value is $295
Which of the following does not depreciate? - Answer>>> land
The Federal Reserve System can increase the money supply by - Answer>>> decrease reserve
requirements
An applicant for mutual recognition - Answer>>> must have a real estate license in another state
Actual notice is - Answer>>> something you have learned by reading, seeing, or hearing
Minnie Me mortgage back securities - Answer>>> carry the full faith and credit guarantee of the
US gov.
, The combining of two or more adjacent properties into one tract to increase the usability and
value of the resulting consolidation is - Answer>>> Assemblage
One advantage of real estate as an investment is - Answer>>> it is easy to leverage
Positive leverage occurs - Answer>>> when the benefits from borrowing exceed the costs of
borrowing
Which of the following is an encumbrance? - Answer>>> lien
If a corporation had a blanket mortgage on a property they were developing they would need -
Answer>>> partial release clause
If the title to a property is marketable - Answer>>> there are no title defects
When can a license be suspended immediately? - Answer>>> When the secretary of the DBPR
issues an emergency suspension
Jones Vs. Meyer is a famous lawsuit that - Answer>>> upheld the Civil Rights Act of 1866
Inheritability in Title comes with - Answer>>> Tenants in Common
Real Estate Tax Prorations are typically entered as - Answer>>> credit to the buyer, credit to the
seller
A tenancy at will - Answer>>> can be terminated by either party giving notice, can be a month
to month rental agreements and either party can terminate with 15 days notice to the other party,
can be written or oral
Which of the following comes from the Florida Constitution - Answer>>> Homestead rights
Which tax is Ad valorem - Answer>>> Real estate property tax
When a licensee is given a notice of noncompliance - Answer>>> That licensee has 15 days to
correct a minor infraction
Money will be paid from the Real Estate Recovery Fund when - Answer>>> A judge rules
against an FREC decision in a court of law
A VA loan - Answer>>> has no legislated maximum loan amount
2025/2026 COMPLETE STUDY QUESTIONS WITH CORRECT
ANSWERS 100% GUARANTEED PASS | RATED A+
When property is bought subject to the mortgage - Answer>>> intangible tax on the mortgage is
not paid
the grantee is not responsible to pay the note
the mortgage could sue the original owner for a deficiency judgement
A florida real estate agent sold a property on sept 9, 2011. On Oct. 1 2011 that agent's license
becomes involuntary inactive. when that transaction closes on Oct. 20, 2011... - Answer>>> that
agent will be paid
A buyer earns $6000 per month in a gross income and the housing expense is $1680 what is this
buyer's housing expense ratio - Answer>>> 28%
When a person dies intestate with no heirs - Answer>>> Their Real Estate passes to the Florida
gov. through a process called escheat
If a builder bough a lot for $40,000 and built a h ouse on that lot. It cost him $200,000 to build
the house. He hired an appraiser to appraise the house. The appraiser said it is worth $295,000. A
young couple offered to buy the house for $280,000 and the builder agreed. - Answer>>> The
cost of the house is $240 and the value is $295
Which of the following does not depreciate? - Answer>>> land
The Federal Reserve System can increase the money supply by - Answer>>> decrease reserve
requirements
An applicant for mutual recognition - Answer>>> must have a real estate license in another state
Actual notice is - Answer>>> something you have learned by reading, seeing, or hearing
Minnie Me mortgage back securities - Answer>>> carry the full faith and credit guarantee of the
US gov.
, The combining of two or more adjacent properties into one tract to increase the usability and
value of the resulting consolidation is - Answer>>> Assemblage
One advantage of real estate as an investment is - Answer>>> it is easy to leverage
Positive leverage occurs - Answer>>> when the benefits from borrowing exceed the costs of
borrowing
Which of the following is an encumbrance? - Answer>>> lien
If a corporation had a blanket mortgage on a property they were developing they would need -
Answer>>> partial release clause
If the title to a property is marketable - Answer>>> there are no title defects
When can a license be suspended immediately? - Answer>>> When the secretary of the DBPR
issues an emergency suspension
Jones Vs. Meyer is a famous lawsuit that - Answer>>> upheld the Civil Rights Act of 1866
Inheritability in Title comes with - Answer>>> Tenants in Common
Real Estate Tax Prorations are typically entered as - Answer>>> credit to the buyer, credit to the
seller
A tenancy at will - Answer>>> can be terminated by either party giving notice, can be a month
to month rental agreements and either party can terminate with 15 days notice to the other party,
can be written or oral
Which of the following comes from the Florida Constitution - Answer>>> Homestead rights
Which tax is Ad valorem - Answer>>> Real estate property tax
When a licensee is given a notice of noncompliance - Answer>>> That licensee has 15 days to
correct a minor infraction
Money will be paid from the Real Estate Recovery Fund when - Answer>>> A judge rules
against an FREC decision in a court of law
A VA loan - Answer>>> has no legislated maximum loan amount
