Florida Real Estate Exam 105 Questions And Answers Set 01
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Terms in this set
105
A seller lists his property with a brokerage company, however the Seller returns the
right not to pay a commission. what type of listing?
right not to pay a commission. what type of listing?
- exclusive agency listing
What type of listing allows the seller to list with multiple brokers?
-open listing
What remedy for breach of contract asks to force the other party to proceed exactly as the contract states?
- compensatory damage
- Specitic performances
- liquated damages
- compensatory damage
- Specitic performances
- liquated damages
- Specific Performances
A contract thats been fully formed between parties, However something remains to be
completed by one or more or both to fulfill the conditions of the contract. Is this a:
- Executed contract
- Executory Contract
completed by one or more or both to fulfill the conditions of the contract. Is this a:
- Executed contract
- Executory Contract
- Executory Contract
The statute of Frauds does not apply to which document?
- 3 year lease
- A mortgage
- Deed
- 180 day listing agreement
- 3 year lease
- A mortgage
- Deed
- 180 day listing agreement
-180 day listing agreement
Because it's for over a year.
Because it's for over a year.
What type ot document may not be prepared by a license real estate broker?
-Buyer brokerage agreement
- Option contract
- Listing contract
-Deed
-Buyer brokerage agreement
- Option contract
- Listing contract
-Deed
-Deeds
Unless attorneys. Real estate brokers and sales associates may not prepare deeds, mortgages, promisary notes, or other legal documents.
Unless attorneys. Real estate brokers and sales associates may not prepare deeds, mortgages, promisary notes, or other legal documents.
A fractional piece of land less than a full quarter section located along a bank of a lake or a river is a:
- Repairing lot
- Government lot
- Quarter session
- Repairing lot
- Government lot
- Quarter session
-Government lot
A property costs 35,000 per acre. What is the cost per ft?
-$0.80
What type of legal description is used only where sub division plat maps have been recorded in public records?
- Lot and block
- Metes and bounds
- Government Survey
- Lot and block
- Metes and bounds
- Government Survey
-Lot and block
How many acres is in the following legal description?
NE 1/2 of SW 1/4 of N 1/2 and SE 1/2 of S 1/4 of N 1/2 and NE 1/2 of SW 1/2
NE 1/2 of SW 1/4 of N 1/2 and SE 1/2 of S 1/4 of N 1/2 and NE 1/2 of SW 1/2
640÷2÷4÷2=40
640÷2÷4÷2 =40
640÷2÷2=160
40+40+160=240 acres
640÷2÷4÷2 =40
640÷2÷2=160
40+40+160=240 acres