Florida Real Estate Class Final Exam Verified Question With 100% Correct Answers 2023/2024

What are the 3 types of Leasehold estates? {Ans: 1. Tenancy at Will 2. Tenancy at Sufferance 3. Estate (Tenancy) for Years}The Truth in Lending Act (TILA) gives consumers the right to rescind the loan agreement within how many business days after the receipt of the Truth in Lending Statement (disclosures)? {Ans: 3}What is a foreign corporation? {Ans: Any corporation operating outside of Florida. They may petition the Sec of State for authorization to do business in Florida.}There is an excess supply of housing in a RE market. The area can best be described as A. builder's market B. buyer's market C. broker's market D. seller's market {Ans: B. buyers market}Which clause in a warranty deed indicates the type and duration of estate being conveyed? {Ans: Habendum}What does a sales assoc have to put in his/her ad for one of her listings? {Ans: 1. The name of the RE agency 2. Her last name (first can be there but last HAS to be there) 3. Her phone number}