Florida Real Estate Exam 2024 With 100% Correct Answers

Surface Rights {Ans: Ownership rights in a parcel of real estate that are limited to the surface of the property and do not include the air above it (air rights) or the minerals below the surface (subsurface rights).}Deeds are valid when {Ans: They are voluntarily delivered and accepted. Does NOT need to be recorded}Easement by Prescription {Ans: Created through continual use over a certain period of time. It must be continual, visible, & w/o approval. Example - a private road becomes public.}tenancy in common {Ans: Co-ownership of property in which each party owns an undivided interest that passes to his or her heirs at death.}In the event that a sales associate's broker dies, resigns, or is unexpectedly removed from office, what is the status of the sales associate's license? {Ans: Involuntary inactive}easement {Ans: the right to use land for a specific and limited purpose}When must the no brokerage also called the non-representation disclosure form be shown? {Ans: Before entering into a listing agreement}Estate for years {Ans: Lease for a definite period of time}What Florida Statute states that the seller is required to provide the buyer with the Homeowners Association Disclosure Summary.