Real estate quiz chapter 6 to 10

Term
1 / 49
What actions can the probable cause panel take?
They can investigate a complaint and if probable cause is found to exist direct the Department to file a formal complaint against the subject they investigated
They can only issue citations
They can Investigate and issue punishment to the subject they investigated
They can only investigate if directed by the Governor
Click the card to flip 👆
Terms in this set (49)
What actions can the probable cause panel take?
They can investigate a complaint and if probable cause is found to exist direct the Department to file a formal complaint against the subject they investigated
They can only issue citations
They can Investigate and issue punishment to the subject they investigated
They can only investigate if directed by the Governor
They can investigate a complaint and if probable cause is found to exist direct the Department to file a formal complaint against the subject they investigated
What is the maximum period a license can be suspended?
10 Years
Indefinitely
6 months
2 Years
10 years
How many days does a party to a Recommended Order hearing have to file an exception to the Recommended Order?
60 Days
90 Days
30 Days
15 Days
15 days
In which circumstance is a summary suspension order given?
When a Sales Associate fails to complete their post-licensing education requirement before their license renewal date
When the Department feels that there is an immediate danger to public health, safety and welfare
When a broker suspects a sales associate of fraud
When a broker is charged with Commingling Funds
When the Department feels that there is an immediate danger to public health, safety and welfare
Chapter 475, Part I, Florida Statutes, Real Estate License Law is administered and enforced by which of the following?
FREC
DBPR
NAR
RESPA
FREC
What happens if a licensee is sued for damages and payment is made from the real estate recovery fund?
The licensee is not required to repay anything
The licensee needs to take 20 hours of CE before resuming real estate activities
The licensee is suspended from real estate practice until the real estate recovery fund has been reimbursed in full
The licensee can reimburse the fund from Commission earned from sales they make in the future
The licensee is suspended from real estate practice until the real estate recovery fund has been reimbursed in full
Who can grant or deny a petition for the reinstatement of a license that had been revoked?
Florida REALTORS®
Governor
NAR
Real Estate Commissioner
real estate commissioner
What does The Division of Administrative Hearings (DOAH) do?
It is in charge of Background checks for Applicants
It provides aids for applicants with hearing difficulties
It provides independent Administrative Law Judges
It reviews complaints made by the public
It provides independent Administrative Law Judges
How much probation could a sales associate receive for a first offense violation of a rule under Chapter 475 F.S?
2 years
30 days
180 days
90 Days
90 days
Which Florida agency investigates real estate complaints?
Florida REALTORS®
FBI
DBPR
FREC
DBPR
The Civil Rights Act of 1866 prohibits discrimination in real estate transactions based on a consumer's? National Origin Familial Status Sex RaceRaceThe Federal Fair Housing Act provides that a prima facie case for discrimination could be established if the broker has failed to do which of the following? Join the HUD anti-discrimination task force Arrange Fair Housing Town Hall Meetings Display a HUD Equal Opportunity poster. Attend Fair Housing CE ClassesDisplay a HUD Equal Opportunity poster.What is the purpose of the Interstate Land Sales Disclosure Act? Provide Consumer Protection Regulate Assemblage Regulate Plottage Prevent unscrupulous builders from buying up prime propertyProvide Consumer ProtectionHow long does someone have to file a complaint with the Department of Housing and Urban Development? 1 Week 6 months 1 year 1 Month1 yearWhich of the following does NOT fall under the description of "handicapped" under the Fair Housing Laws? A person who is hearing-impaired A child with a learning disability A person with a cast on their leg using a wheelchair. A person who is sight-impairedA person with a cast on their leg using a wheelchair.What is the term for directing minority buyers towards or away from certain areas? Redlining Avulsion Steering BlockbustingSteeringWhich area in a two story apartment building, that was completed in 1992 and does not have an elevator, needs to be modified to meet specifications for handicap accessibility according to the Americans with Disabilities Act? No modifications are required because of the age of the building First and Second Floors Only the first floor Only the Second FloorOnly the first floorWhich of the following is exempt under the Federal Fair Housing Acts of 1968? An owner of an 8-unit apartment building who lives in one of the units A lender who gives home loans as well as commercial loans An individual selling a personal residence who does not use a broker or discriminatory advertising A Teamster's Club renting rooms in its residence to the publicAn individual selling a personal residence who does not use a broker or discriminatory advertisingWhat is not a protected class under the Federal Fair Housing Act? Age National Origin Handicap ReligionHandicapWhich of the following is a civil rights law designed to prevent discrimination and enable individuals with disabilities to take part in all aspects of society? ASPCA GNMA ADA MADDADAIn the United States ownership of real property is referred to as which of these? Innocuous Feudal Archaic AllodialAllodialA hurricane causes a large portion of a property's waterfront to be washed away and deposited on neighboring land this is referred to as which of the following? Erosion Dereliction Avulsion PlottageAvulsionWhich of the following is NOT an Appurtenance? A Strawberry Pot An Improvement A right A FurnaceA Strawberry PotIn what manner does a condominium owner own the common property around her unit? Tenants in Common Severalty Tenants in the entireties Joint TenancyTenants in CommonWhat is deemed to be the best form of ownership? Caveat Emptor Fee Simple Estate for Years Life EstateFee SimpleHow are Trees and Perennial bushes defined? Emblements Crops Personal Property Fructus NaturalesFructus NaturalesWhich of the following is not included in The Bundle of Rights? The Right to Abandon The Right to Mortgage The Right to Sell The Right to DedicateThe Right to AbandonFred and Cynthia are considering getting a divorce, they bought their home 10 years ago as Tenants by the Entireties. Can they still own the house together after the divorce? Yes under a Life Estate No they cannot change ownership because of a divorce Yes if they become Life Tenants Yes, but they will own the house as Tenants in Common.Yes, but they will own the house as Tenants in Common.Real estate includes all of the following EXCEPT? Permanent Fixtures Air Rights Personal Property Mineral RightsPersonal PropertyWhat are CDD's often regarded as? Low Income Housing Agricultural Land Very Expensive Communities Planned Unit Developments (PUDS) with mixed usesPlanned Unit Developments (PUDS) with mixed usesWhich department is mainly responsible for managing the funding and management plan for the restoration of the Everglades? DBPR The Florida Department of Environmental Protection The Florida Uniform Land Sales Practices Law Central Everglades Planning ProjectThe Florida Department of Environmental ProtectionWhat is a Deed NOT required to have? Premises Testimonium Habendum DateDateWhich part of the deed confirms the "to have and to hold" nature of the document? The Grandfather Clause The Granting Clause The Habendum Clause The Contingency ClauseThe Habendum ClauseIf a person dies intestate how will his property be passed? By Assemblage By Nolo Contendere By Descent and Distribution By auctionBy Descent and DistributionWho does the Mortgagee's title police protect? The Lender The Broker The Seller The BuyerThe LenderWhich deed provides the greatest protection for the buyer? General Warranty Deed Quit Claim Deed Special Warranty Deed SeisinGeneral Warranty DeedWhat is an Abstract of Title? A legal description A Cloud on the Title A Chain of Title An Instrument that records the history of the propertyAn Instrument that records the history of the propertyWhat would terminate an Easement? Merging the dominant and servient properties Sale of the Servient property Easements cannot be terminated Sale of the Dominant PropertyMerging the dominant and servient propertiesWhat type of lien is a Mechanic's Lien? General Voluntary Equitable StatutoryStatutoryHow many square feet are there in 5 acres? 217800 25000 43560 8712 1 Acre = 43,560 Sq.Ft217800Who benefits from the Commercial Real Estate Sales Commission Lien Act? The Seller The Selling Broker The Listing Broker The BuyerThe Listing BrokerWhat is a POB? Position of Boundary Post Offer Buyer Person of Bequest The Starting Point in a metes and bounds descriptionThe Starting Point in a metes and bounds descriptionA lot contains 750 square yards and has a length of 150 feet, what does the frontage measure? 45 Feet 20 Feet 5 Yards 50 Feet ! yards equal 9 feet45 feetWhat is never included as part of the legal description? Range or Township Street Address Metes and Bounds Lot and BlockStreet addressWhat type of legal description uses Monuments? Battle Ground Metes and Bounds Street Map Quit ClaimMetes and BoundsWhat is the purpose of Correction Lines? They are entries on a Closing Document to cover any discrepancies They allow for daily changes in Interest They compensate for the curvature of the earth They identify EncroachmentsThey compensate for the curvature of the eartWhat does a subordination agreement do? Makes the claim of one party junior or inferior to the claim of another party Defines who inherits what when owner dies intestate Defers Property Taxes Allows a seller to accept a better offer after a contract has been executedMakes the claim of one party junior or inferior to the claim of another partyA lot measures 1800' x 1936' and sold for $46,000. What was the cost per Acre? $450 (Dollars) per Acre $225 (Dollars) per Acre $1,150 (Dollars) per Acre $575 (Dollars) per Acre 1 acre = 43,560 square feet$575 (Dollars) per AcreHow many acres of land are there in the N 1/2 of the S 1/2 of the NE 1/4? 160 Acres 10 Acres 40 Acres 20 Acres 1 square mile =640 acre40 acres