Florida Real Estate Exam 2024 Questions with Complete Solutions (Latest 2025) Township - Correct Answers ✅A square 6 miles on each side (6 miles square) containing 36 square miles (36 sections); also an (east-west) strip of land north and south of a baseline (tier).Section - Correct Answers ✅A square 1 mile on each side (1 mile square) containing 1 square mile (640 acres).Quarter Section - Correct Answers ✅One-fourth of a square mile-or 160 acres- of publicly owned land.Government lot - Correct Answers ✅Fractional piece of land less than a quarter section resulting from geographical features (e.g., lakes, streams) interfering with land surveying.They become specific lot numbers Riparian Rights - Correct Answers ✅An owner's rights in land that borders on or includes a stream, river, or lake.These rights include access to and use of the water.Littoral Rights - Correct Answers ✅The right of a property owner whose land borders on a body of water, such as a lake, ocean or sea, to reasonable use and enjoyment of the shore and water the property borders on.External Obsolescence - Correct Answers ✅loss of value due to factors beyond the property boundaries 1 / 2
Florida Real Estate Exam 2024 Questions with Complete Solutions (Latest 2025) Binder Deposit - Correct Answers ✅credit to the buyer How many sections in a township - Correct Answers ✅36 Joint Tenants - Correct Answers ✅undivided ownership and right of survivorship goes to the surviving owner. Never the heirs FHA Loans - Correct Answers ✅Federally insured loan (insurance) VA Loans - Correct Answers ✅Govt guaranteed loans intangible tax - Correct Answers ✅debit buyer only -- tax on the mortgage tenancy in common - Correct Answers ✅Co-ownership of property in which each party owns an undivided interest that passes to his or her heirs at death.Deeds are valid when - Correct Answers ✅They are voluntarily delivered and accepted. Does NOT need to be recorded
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