Real Estate 2024 Questions And Answers 100% Verified A+ Guaranteed

What action may be taken, if either the Florida real estate commission or the licensee disagrees with the recommended order submitted by the administrative law judge {Ans: File exceptions}What is a superior lien? {Ans: - takes precedence over all other types of liens - if a foreclosure sale occurs, a superior lien Is paid from the proceeds of the sale before any junior lean - is involuntary and imposed by law without the owners consent - there are three types: real estate property taxes lien, special assessment lien, and federal estate tax lien}What is a tenancy by the entireties? {Ans: An estate for spouses only. - Right of survivorship - The marriage is considered to be the owner of the property - if a divorce happens, the ownership converts to a tendency in common unless otherwise dictated by a court - property owned in one spouses name before the marriage or acquired during the marriage is considered separate property}who approves the rules the commission makes? {Ans: no one}What are the two damages that you can file a suit for damage? {Ans: Liquidated damages Un liquidated damages}What statement is true regarding an attorneys opinion of title?