45 Hour Post License Florida Exam Questions With 100% Correct Answers

An exclusive right of sale listing is a _______ contract. {Ans: Bilateral}After presenting the CMA, but before giving them your opinion of value, ask them _________. {Ans: What price they had in mind.}What isn't an operating expense? {Ans: debt service}When a mortgage foreclosure sale does not produce enough funds to pay the loan in full, the lender can obtain a ____________________ in order to try and satisfy the outstanding balance from the borrowers other properties, income, and assets. {Ans: Deficiency Judgment}What is the main difference between a condo and a co-op? {Ans: The form of ownership. The co-op is owned by stocks where as the condo is owned by the owner.}An inspection is limited to what can be readily observed; {Ans: Significant problems may not be detected without looking under a floor or inside a wall.}