50 Most Asked Questions On Florida Real

50 Most Asked Questions On Florida Real Estate State Exam Questions with Complete Solutions

• Which of the following describes leverage?
• Leverage is the same as cash flow.
• Leverage is the use of borrowed funds to purchase assets

or to finance an investment.

• Leverage can only be positive.
• Leverage is when an investor uses his equity to finance an

investment. - Correct Answers ✅b

• How is the binder deposit shown on the Closing Disclosure

Form?

• Credit to the buyer, debit to the seller
• Credit to the seller
• Credit to the buyer
• Debit to the buyer, credit to the seller - Correct Answers

✅c

• What is the status of a sales associates' license if he/she

does not complete the required post licensing education prior to his/her first renewal cycle?

• Involuntary inactive
• Void and inactive
• Suspended 1 / 3

50 Most Asked Questions On Florida Real Estate State Exam Questions with Complete Solutions

• Null and void - Correct Answers ✅d
• Which of the following is not true concerning kickbacks.
• Not all kickbacks are illegal.
• A real estate licensee may not be paid a fee for referring

buyers to a title company.

• Kickbacks cannot violate RESPA (Real Estate Settlement

Procedures Act).

• All kickbacks are illegal. - Correct Answers ✅d
• When a lender declares all the unpaid balance due and

payable as a result of default, the lender is exercising which clause in a mortgage?

• Due-on-sale clause
• Escape clause
• Acceleration clause
• Estoppel clause - Correct Answers ✅c
• Which mortgage clause allows the mortgagee the right to

demand the outstanding loan balance plus accrued interest in the event that the borrower sells or transfer any interest in the property without the lenders prior written consent?

• Due-on-sale Clause
• Escape clause 2 / 3

50 Most Asked Questions On Florida Real Estate State Exam Questions with Complete Solutions

• Acceleration clause
• Estoppel clause - Correct Answers ✅a
• Which of the following statements concerning market value

is true?

• Market value is the most probable price a property should

bring in a competitive and open market under all conditions, requisite to a fair sale under certain guidelines published by Fannie Mae and Freddie Mac.

• Market value is the same as price.
• Market value is the value an investor would typically pay.
• Market value is the same as the cost of the property. -

Correct Answers ✅a

• William, who holds title in fee simple of a 35-acre property,

deeds the land to Robert until Robert dies. At that time, Tonya is to receive title to the land. Which statement is true concerning this situation?

• William has a life estate and Robert has a remainder estate
• William and Robert have life estates
• Robert has a life estate and Tonya has a remainder estate
• William has a life estate - Correct Answers ✅c
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