Which recorded notice warns potential buyers that a lawsuit affecting title to the property is pending?
A) a judgment lien
B) an attachment
C) a lis pendens
D) a mechanic's lien
👇 Drop your answer before checking the comments
Days before the foreclosure sale of his Kissimmee home, Andre pays the full loan balance plus costs and keeps the property. He exercised his:
A) equity of redemption
B) statutory right of redemption
C) right of reinstatement
D) defeasance right
👇 Drop your answer before checking the comments
checked the membership count today and we're at 300. when this sub started it was basically me posting questions into the void, so watching actual conversations happen in here now is kind of wild. 300 people all studying for the same exam. we chose this life. lol
if you're new here, the pinned resources post has everything I wish someone had handed me on day one (licensing guidelines, resources, study tools, etc), so start there if you're trying to figure out how to navigate the licensing process or want to know our community's favorite FL-focused resources.
and if you took the exam recently, win or lose, post about it. the "here's what mine was like" threads are honestly the best thing in this sub. good luck to everyone testing soon! 🍀
Rafael buys a lot in rural Polk County that has no access to a public road except across the seller's remaining land. A court would MOST likely grant him:
A) an easement by prescription
B) an easement in gross
C) an easement by necessity
D) a license
👇 Drop your answer before checking the comments
Which mortgage clause allows the lender to declare the ENTIRE remaining balance due when the borrower defaults?
A) the defeasance clause
B) the alienation clause
C) the acceleration clause
D) the prepayment clause
👇 Drop your answer before checking the comments
After outgrowing her Miami office, a broker opens a second location across town. Under Florida law, the branch office must be:
A) approved by the local Realtor association
B) registered with the DBPR
C) managed by a separate broker associate
D) exempt from registration because it is in the same county
👇 Drop your answer before checking the comments
Recording a deed in the public records of the county where the property is located provides:
A) constructive notice
B) actual notice
C) inquiry notice
D) statutory notice
👇 Drop your answer before checking the comments
A buyer and seller both demand the same $15,000 deposit held in a Florida broker's escrow account. Which settlement procedure allows the FREC itself to decide who receives the funds?
A) mediation
B) arbitration
C) litigation
D) an escrow disbursement order
👇 Drop your answer before checking the comments
Marisol transfers the entire remaining term of her Tampa apartment lease to a coworker, keeping no right to move back in. This transfer is:
A) a sublease
B) an assignment
C) a novation
D) an estoppel
👇 Drop your answer before checking the comments
In a residential transaction, Florida law authorizes each of the following brokerage relationships EXCEPT:
A) single agent
B) transaction broker
C) no brokerage relationship
D) dual agent
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Under the lease for her Sarasota boutique, Elena pays a fixed monthly rent while the landlord pays the property taxes, insurance, and maintenance. Elena has:
A) a percentage lease
B) a net lease
C) a gross lease
D) a ground lease
👇 Drop your answer before checking the comments
Made a lil infographic to explain the different types of brokerage relationships that are tested on the FL real estate exam. Hopefully someone out there might find this helpful!
Two weeks before closing, with the contract signed by both parties but the deed not yet delivered, the sales contract is BEST described as:
A) an executed contract
B) an executory contract
C) a unilateral contract
D) an implied contract
👇 Drop your answer before checking the comments
Two friends buy an investment condo in Destin together — one puts up 70% of the price, the other 30%, and they agree that each owner's share passes to his own heirs at death. They hold title as:
A) joint tenants
B) tenants by the entireties
C) tenants at will
D) tenants in common
👇 Drop your answer before checking the comments
When a Florida resident dies intestate with no known heirs, ownership of her real property passes to the state through:
A) escheat
B) eminent domain
C) reversion
D) adverse possession
👇 Drop your answer before checking the comments
During a 60-day option period on a Bradenton lot, which party is legally bound to perform?
A) the seller only
B) the buyer only
C) both the buyer and the seller
D) neither party until closing
👇 Drop your answer before checking the comments
This one snuck up on me. We crossed 100 members like two weeks ago and somehow just doubled. Y'all are multiplying faster than I can keep up with the mod queue.
Whatever brought you here, welcome. Ask questions, answer one if you know it, and if you already passed, stick around. Someone in here is staring down the same topics that almost got you.
New here? Start with the pinned resources post. Official DBPR links, free practice tools, study recommendations, the whole roadmap. It'll save you a lot of googling and a lot of "where do I even start."
Good luck to all those who are studying! 🌴
Carlos, a retiree in Ocala, deeds his home to his sister for the rest of her life, with the property passing to his nephew when she dies. The nephew's interest is:
A) a reversion
B) a life estate pur autre vie
C) a remainder
D) a leasehold interest
👇 Drop your answer before checking the comments
The most probable price a property should bring in a competitive and open market, with buyer and seller each acting prudently, defines:
A) market price
B) assessed value
C) appraised cost
D) market value
👇 Drop your answer before checking the comments
Zoning ordinances and building codes are an exercise of government's:
A) power of eminent domain
B) power of escheat
C) police power
D) power of taxation
👇 Drop your answer before checking the comments