Real Estate Unit 8 |20 Questions| With Correct Answers.

8. A woman received a new microwave for Christmas. The microwave was installed above her range by screwing the unit to the kitchen cabinets and venting it through the attic. The microwave is considered A. a fixture. B. a chattel. C. separate property. D. personal property. {Ans: A. A fixture.}9. The homestead tax exemption is deducted from the A. market value of a property B. assessed value of a property C. sale price of a property D. total coast, including all improvements. {Ans: B. assessed value of a property.}15. In Florida, cooperatives and time-shares are regulated by the A. Division of Real Estate. B. Division of Florida Condominiums, Time-shares, and Mobile Homes. C. Department of Housing and Urban Development. D. Florida Real Estate Commission. {Ans: B. Division of Florida Condominiums, Time-shares, and Mobile Homes.}13. Which estate features right of survivorship? A. Leasehold estate B. Estate by the entireties C. Tenancy at will D Tenancy in common {Ans: B. Estate by the entireties.}11. The real estate protected by homestead rights is limited to A. 640 acres outside a city or town and 1 acre in town. B. 160 acres outside a city or town and 0.5 acres