Florida Real Estate License Exam Questions And Answers With Verified Tests

A type of lien that results when a seller accepts a mortgage as part of the purchase price for a home is a A. general lien. B. construction lien. C. vendor's lien. D. home equity lien {Ans: C. vendor's lien.}Any legal remedy sought by a tenant or a landlord under the Florida Residential Landlord and Tenant Act must be through the A. Division of Real Estate. B. civil courts. C. criminal courts. D. Division of Florida Land Sales, Condominiums, and Mobile Homes {Ans: B. civil courts.}The term mill is MOST frequently associated with A. interest rates. B. listings. C. tax rates. D. mortgages {Ans: C. tax rates.}A dispute over escrowed funds arises between the buyer and seller. The broker notifies the FREC of the conflicting demands and requests that the Commission issue an escrow disbursement order; however, the FREC declines. The following alternative methods can resolve the matter EXCEPT A. petition for review or appeal. B. mediation. C. litigation. D. arbitration An escrow account may NOT be in {Ans: A. petition for review or appeal.}A lot that measures 140' by 160' contains what percentage of an acre? A. 1.94% B. 51.4% C. 194% D. 199%