Florida Real Estate State Exam 200 Questions And Answers Set 01
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Terms in this set
200
3-month term loan of $5,000 at 13% interest. What is the total payment due at the end of the term?
5,000 x 13% = 650 per year; 650 / 12 months =54.17 per month x 3 months = 162.50; 5,000 principal + 162.50 interest = $5,162.50
When is the landlord required to notify the tenant in writing of the manner in which the landlord is holding the advance rent or security deposit and the rate of interest, if any, the tenant will receive?
30 days
If a tenant is properly notified of the landlord's claim on the security deposit, the tenant is allowed to file an objection:
15 days after receipt of notice of landlord's claim
Investor is performing an analysis of a 120 x 200 4 story industrial warehouse building. Investor estimates that 20% of the space will be unusable. How many 10 x 20 bins could be built?
120 x 200 = 24,000 square feet x 80% (usable) = 19,200 square feet usable per floor;
10 x 20 = 200 square feet per unit;
19,200 / 200 = 96 units per floor x 4 floors = 384 units
10 x 20 = 200 square feet per unit;
19,200 / 200 = 96 units per floor x 4 floors = 384 units
How many square feet in the NW 1/4 of the NW 1/4 of the SE 1/4 of the SW 1/4 of the W 1/2?
54,450 sq. ft. (one section is 640 acres) (one acre is 43,560 sq. feet)
(640 acres/4, /4, /4, /4, /2 x 43560)
(640 acres/4, /4, /4, /4, /2 x 43560)
how many acres in a section
640
how many square feet in an acre?
43,560
How many acres are contained in a parcel of land measuring 1,650 feet by 1,650 feet?
62.5 acres
1650 x 1650 = 2,722,500 divided by 43,560 = 62.5
1650 x 1650 = 2,722,500 divided by 43,560 = 62.5
The homeowners association disclosure includes what information to the prospective buyer:
the existence of restrictive covenants, and any assessments that the association imposes
Which activity requires a license under Chapter 475?
auctioning farmland