US Real Estate Florida Test 4

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Real Estate — Florida Professional (Real Estate, USA) USA — Florida State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — Florida.
For adults preparing for Real Estate license in the USA
Section: Real Estate — Florida · Education: Professional (Adult) · Part: Real Estate — Florida · Country: USA · Region: USA — Florida

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

Agents in Florida answer to which agency?

A) DBPR

B) FBI

C) State Senate

D) City Council

Question 2

What is agency in real estate?

A) ownership

B) tenancy

C) broker acting for a client

D) zoning

Question 3

What is a listing agreement?

A) lease

B) contract to sell a property

C) purchase offer

D) deed

Question 4

What is a CMA?

A) survey

B) appraisal

C) inspection

D) comparative market analysis

Question 5

What is earnest money?

A) buyer good-faith deposit

B) fee

C) commission

D) tax

Question 6

What is a fiduciary duty?

A) loyalty, obedience, care to client

B) secrecy from client

C) dual profit

D) profit first

Question 7

What is dual agency?

A) one broker representing both sides

B) two brokers

C) buyer only

D) no representation

Question 8

What is the Fair Housing Act?

A) zoning code

B) tax law

C) bans housing discrimination

D) building code

Question 9

What classes are protected in housing?

A) age only

B) race, color, religion, sex, handicap, family, national origin

C) politics

D) income

Question 10

What is redlining?

A) illegal denial by neighborhood

B) appraising

C) mapping

D) surveying

Question 11

What is an appraisal?

A) offer

B) inspection

C) professional value opinion

D) listing

Question 12

What are the three appraisal approaches?

A) list, sell, close

B) show, stage, sell

C) sales comparison, cost, income

D) offer, accept, record

Question 13

What is PITI?

A) a tax

B) principal, interest, taxes, insurance

C) a loan type

D) a deed

Question 14

What is LTV?

A) land title verification

B) listing traffic volume

C) lease term value

D) loan-to-value ratio

Question 15

What is PMI?

A) insurance for low down payments

B) flood insurance

C) property tax

D) title insurance

Question 16

What is escrow?

A) tax

B) neutral third-party holding

C) commission

D) down payment

Question 17

What is a deed?

A) offer

B) ownership transfer document

C) lease

D) loan paper

Question 18

What is a warranty deed?

A) lease

B) quitclaim

C) guarantees clear title

D) option

Question 19

What is a quitclaim deed?

A) transfers whatever interest exists

B) full warranty

C) lease

D) loan

Question 20

What is title insurance?

A) home warranty

B) life insurance

C) protects against title defects

D) flood policy

US Real Estate Florida Test 4

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