Show …. Just Now For years since the 90s we have been providing unique, cutting edge real estate exam preparation. Our proven study methods resulted in success for thousands.
We have powerful test prep tools, especially if you are short on time. Our proprietary "competency meter" algorithms have been finely tuned after years of use by thousands. A At least five days prior to closing B At the time of loan approval C Within three business days of loan application D No later than five days after the closing Houses 4 days ago 4 subjects to study before taking your Florida real estate exam Market and housing prices.
One of the main topics to study before you take your Florida real estate exam is how to guess and evaluate the market price. You will receive your results immediately after finishing the.
Learn vocabulary, terms, and more with flashcards, games, and other study tools. April 20, pm By: Robin Pickett. In Florida, the real estate sales associate exam and the broker exam are both multiple-choice questions. The sales associate exam is 45 questions on real estate principles and practices, 45 questions that cover Florida and Federal laws, and 10 questions that require math calculations. Beyond that, it is absolutely vital that you use all available free real estate practice exams and study resources available online.
You can find a comprehensive list of free real estate practice exams, sample questions, study guides, flashcards, and more resources linked above. Is the Real Estate Licensing Exam multiple choice? When shopping for your real estate exam prep material, consider study guides that include flashcards, vocabulary lists, and mock exams.
The professional requirements for becoming a licensed real estate agent vary from state to state. The specific course curriculum and number of hours required is determined by the real estate commission in your home state. However, a year later his employer offered him a better job in a distant location, and Mark decided to sell the house before relocating. After all, he would make good money on the sale because all the improvements he did to the house, and he will be able to buy in his new location instead of renting.
The results of the report were very disappointing for him because the house has not acquired enough equity to make the profit he imagined. This is an example of:. External Obsolencence. Market Conditions. Physical Obsolencence. All of the following are protections granted by the Florida Constitution to homestead property except:.
Granting tax exemptions when assessing property taxes. Granting protection to the family in case of deceased of the titled owner. Granting protection of the size of homestead in case of Bankruptcy. Granting protection from enforcing of the vendor's liens. Florida Real Estate Contracts and Leases. The four essential elements of a valid contract are:.
The contractual capacity of the parties, Earnest money, Legal purpose, Consideration. Legal purpose, Consideration, Offer and acceptance, Notarization. Offer and acceptance, Consideration, Acknowledgment, Contractual capacity of the parties. Consideration, Offer and acceptance, Contractual capacity of the parties, Legal purpose.
Peter rents an office in a class A building in FL. The monthly payment includes the use of internet, electricity and cleaning. Peter has a:. Net lease. Percentage lease. All inclusive Lease. Gross Lease. A building of units has currently units for rent. Calculate the building vacancy rate. Florida Real Estate Mortgages and Liens. In Florida, the priority of mortgage liens is determined by:. The date of the closing. The date of the application for the mortgage loan. The date of recording.
The date of the loan approval. The Right to Reinstate clause provides for the mortgagor's right to:. Sell or transfer the property without the lender's prior consent.
To stop foreclosure proceedings provided the mortgagor pays all sums that are due. To pay off the loan early without penalty. To receive a deferment of payment for six months in case of a hardship.
The two instruments created with a mortgage loan are:. The purchase contract and the deed. The promissory note and the mortgage. The closing statement and the mortgage.
The general warranty deed and the promissory note. Joshua's father is a real estate investor in Florida. He purchases vacant lots and constructs single-family homes. He has three houses finished that he needs to sell.
In the summer, Joshua, who just graduated from high school, was looking for something to do that could bring him some income to save for a car he wanted to buy. Joshua accepted and spent the whole summer doing open houses and trying to find qualified buyers for the houses but without success.
At the end of the summer, the houses were still on the market. Under the provisions of Florida Statute this:. Neither Joshua nor his father violated the statute because the houses were not sold and therefore no commission was paid. A licensee did not disclose that one of his listings had a code violation. As a result, the buyer was affected. This situation is considered:. It can be very difficult to remember everything and even more challenging to review only the important parts.
Property can also be lost involuntarily through the forces of nature, law, or the government. This study guide will cover offers and negotiation, interests and identities of contract parties, descriptions of real estate, property price and payment, contingencies and special terms of sale, settlement dates, and signatures.
With PrepAgent, you'll walk in prepared. View Answers as You Go View 1 Question at a Time This booklet is not a study guide and is in no way intended to replace your study material which is provided by your approved Real Estate Instructor and School. Be sure to run the system test before you sign in to register for an online proctored exam. Florida Real Estate Practice Exam. For complete practice, check out our Complete Question Florida Real Estate Sales Associate Practice Exam with the same number of questions as the actual exam plus bonus core real estate questions.
There is an additional section that is primarily math based and has 10 questions. If you try it and it isn't for you for any reason, we will give What should you study to pass your Florida real estate exams? What is the secret for passing? What tips and tricks should you use when taking your real estat this is the one to get if you want to study on a computer, tablet, or phone. Record deed and mortgage Support Now. Start here. Brokerage Responsibility and Agency Management 2 Pages.
Start Brokerage Responsibility and Agency Management. Contracts 4 Pages. Start Contracts. Financing 2 Pages. Start Financing. Practice and Disclosures 1 Page. Start Practice and Disclosures. Property and Ownership Laws 3 Pages. Start Property and Ownership Laws.
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