Tom and Sallys home was taken so that a county road could be expanded.
This type of governmental action is known as:
Detailed Answer
C
2
A sublease is best defined as:
Detailed Answer
C
3
Which of the following is a requirement under RESPA provisions?
Detailed Answer
C
4
Which of the following business entities can register to broker real estate?
Detailed Answer
D
5
A broker lists a house for $200,000. Later, the broker and his brother form a
corporation that buys the house from the principal for $170,000 although the broker
does not inform his principal of his participation with the corporation. Has any Florida
law been violated?
Detailed Answer
D
6
Title to real property is legally conveyed when the deed is:
Detailed Answer
B
7
Ann remits an earnest money deposit of $37,500 on a property that is listed
for $150,000. The broker then defrauds Ann out of the $37,500. Ann takes the
broker to court and wins a judgment of $37,500 plus $15,000 punitive damages. The
broker has no assets, so Ann requests relief from the Florida Real Estate Recovery
Fund. Since she has a judgment for $52,500, how much can she receive from the
Florida Real Estate Recovery Fund?
Detailed Answer
B
8
The statute of frauds applies to:
Detailed Answer
C
9
The term applied to the use of borrowed funds to finance the purchase of real
estate is called:
Detailed Answer
A
10
Bob, a resident of Maine, wishes to become a Florida real estate licensee.
Which of the following will be required of Bob?
