Tip: Click the ("plain-text" link in this section to view all text in this description) ---- The administrative agency for administering and enforcing Florida real estate law is under the jurisdiction of which entity? A broker deposits $10,000 of their own money into the escrow account. What is this an example of? Karen made a commission of $3,522.75 on the sale of a property. She split her commission equally with her broker, which is 50% to the broker and 50% to Karen. Her broker took 55% of the total commission on a 7% commission rate. What was the sale price of the property? The highest and best use of a parcel of real estate is the legal and possible use that generates the greatest return on which of the following? A landlord may commingle tenants' security deposits with other business funds under which condition? The county plans to install sidewalks along a busy street. One owner’s 15,000 sq. ft. lot measures 150 front-feet adjacent to the street. The cost of the improvement is $22 per lineal foot. If the county pays 25% of the expense, how much is the special assessment to the property owner? Which deed is most commonly used to clear a cloud on a title? A homeowner receives a property tax assessment for 2024. When does the property tax become delinquent? Which lien will be paid first? The FREC is investigating a claim by a buyer that the broker had not given the proper disclosure to the buyer before the buyer purchased a home. The broker has paperwork dating back three years from the date of the signing of the document in question and one year after the legal action of the case. Is the broker protected? If a landlord does not intend to make a claim on the security deposit, they must return the money to the tenant within how many days of the tenant vacating the property? A property listed for $500,000 sold for 93% of the list price. The listing and selling offices agree to split the 7% commission equally. If the sales associate who sold the property gets 55% of all commissions from their broker, how much is the sales associate’s share of the commission? Which term refers to the difference when an investor sells a property for more than they paid? The receptionist in a real estate broker's office receives an escrow deposit on Monday and hands it to the broker that afternoon. The broker must deposit the funds into the escrow account prior to close of business on which day? A vacant parcel of land (not in Miami-Dade County) is located in the NW of the SW of the NE of the SW of Section #12, T4S, R10E. The land is selling for $25 per square foot. What amount would be paid for the tax on the deed? A small triplex was purchased. At the time of the loan application the quoted interest rate was 6.5%. At the time of closing the true interest rate, including finance charges came to 7.5%. The lender did not disclose this to the potential purchasers. The lender is in violation of which law? Mark recently purchased a house in Florida and wants to file for a homestead exemption. All of the following apply to a homestead exemption, EXCEPT: If an owner of real property gave another party the right to buy their property for a fixed price at any time during a specified time period, what type of agreement was created? The interest rate on a loan is 5.75%. The lender is charging four points. What is the lender's approximate effective yield? Which method is the most accurate method of land description? Sunnydale Real Estate, Inc., a real estate brokerage corporation, had its registration revoked by the Florida Real Estate Commission. Which statement correctly describes the licenses of those licensed with the corporation? Justin is an unlicensed person, and he has been appointed a trustee of a special needs trust for his nephew. The trust will be funded by the sale of the property of his brother. Justin lists, sells, and puts the money into the trust as he is required to do. What best describes this situation? What is the opposite of erosion? Using the relevant information below, what is a potential purchaser's housing expense ratio? A residence that is rented is being sold with a closing on March 12th. The rent, which is due and payable on the first of each month, is $550. If the day of closing belongs to the seller, what is the amount of the rent proration and how will it be allocated between the parties? Which statement correctly describes the rules for transferring the registration of a real estate office? What must a licensee do when selling their own property and placing ads in local publications? 6month Real Estate Pre-License Exam Prep/Guide-$80 Tip: Click the ("plain-text" link in this section to view all text in this description) ---- CHECK OUT www.PassRealtyU.com for better prices. After payment , YOU MUST EMAIL US AT PassrealtyU@yahoo.com TO GAIN ACCESS TO www.PassRealtyU.com CONTENT OF YOUR SUBSCRIPTION. so we can make an account for you on our website.. Or just get it from our website for faster service. CHECK OUT www.PassRealtyU.com for better prices. please include.. 1) your email 2) any Username you would like for our site 3) any Password you would like for our site 4) optional - receipt of payment made for the subscription accounts usually are created in minutes but please allow up to 24hours for your account to be created. we prefer email thank you!