FLORIDA REAL ESTATE CLASS FINAL EXAM LATEST 2024 ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+.pdf

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FLORIDA REAL ESTATE CLASS FINAL EXAM 2
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025| BRAND NEW ACTUAL EXAM WITH 100% V
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ERIFIED QUESTIONS AND CORRECT SOLUTIO
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NS| GUARANTEED VALUE PACK| ACE YOUR G
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RADES.


1. which tract of land has a perimeter of 834.84 linear feet?
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A. 100.00' x 834.84' m m


B. 100.00' x 417.42' m m


C. 200.84' x 215.84' m m


D. 208.71' x 208.71' - correct answer - D. (208.71 + 208.71 +
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208.71 + 208.71 = 834.84)
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2. Before Tax Cash Flow is what? - correct answer -
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mnet operating income minus debt service
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3. "Current market value less mortgage debt" describes what
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m term? - correct answer - equity
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4. Which is NOT a benefit of investing in real estate?
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A. depreciation allowance that reduces taxable income
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B. hedge against inflation
m m


C. liquidity

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D. positive leverage - correct answer - liquidity
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5. Which type of risk is associated with the loss of purchasing
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power due to an unexpected increase in inflation?
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A. business
B. interest rate m


C. liquidity
D. purchasing power - correct answer - Purchasing Power
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6. Positive Leverage m


A. increases the return on equity from using debt financing
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B. is selling an investment property at a profit
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C. is the difference between a high interest rate and a lower
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interest rate m


D. is the difference between a high rate of return on RE and a l
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ower return on other types of investments - correct answer -
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m increases the return on equity from using debt financing
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7. The use of leverage
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A. has no effect on the yield on investment
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B. may increase or decrease the yield on investment
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C. Will decrease the yield on investment
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D. will increase the yield on investment - correct answer -
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m MAY increase or decrease the yield on investment
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8. Regarding the RE market, which statement is TRUE?
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A. Govt regulations have little influence on the market
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B. The market is influenced by the immobility of RE
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C. the market is not influenced by the physical characteristics of
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land
D. The market is quick to respond to changes in supply and d
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emand - correct answer -
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mThe market is influenced by the immobility of RE
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9. Regarding the RE market, which statement is FALSE? The
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market is m


A. Influence by the immobility of land
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B. regulated by FREC and the DBPR m m m m m


C. segmented into submarkets m m


D. slow to adjust to changes in supply and demand -
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m correct answer - B. regulated by FREC and the DBPR
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10. The price of RE increases. Which will likely occur?
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A. RE rental rates will increase
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B. RE sales will not be affected.
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C. The demand for RE will increase
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D. The interest rate will decrease - correct answer -
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A. RE rental rates will increase
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11. Which variable influences the supply of new real estate?
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A. availability and cost of construction financing
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B. income of consumers m m


C. mortgage credit m


D. population - correct answer - m m m m


mA. availability and cost of construction financing
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12. There is an excess supply of housing in a RE market. The
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area can best be described as
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A. builder's market m


B. buyer's market m


C. broker's market m


D. seller's market - correct answer - B. buyers market
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13. The planning commission does NOT have delegated final
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authority for m


A. sign control m


B. site plan approval
m m


C. subdivision plan approval m m


D. zoning variances - correct answer - D. zoning variances
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14. Which would be classified as a service industry?
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A. branch office or credit union
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B. coffee roasting plant
m m


C. computer manufacturing plant m m