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Author Archives: Anonymous

42. The FREC’s authority to impose discipline falls under wh…

42. The FREC’s authority to impose discipline falls under which area of responsibility?

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49. FHA mortgage lenders

49. FHA mortgage lenders

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76.  Which action associated with water rights will cause a…

76.  Which action associated with water rights will cause a decrease in land mass ?

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71. Which statement is TRUE regarding the save Our Home amen…

71. Which statement is TRUE regarding the save Our Home amendment?

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28. Which statement is TRUE regarding a sales associate’s re…

28. Which statement is TRUE regarding a sales associate’s registered name?

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50. Which statement about about the economic concept of dema…

50. Which statement about about the economic concept of demand is FALSE?

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56. Ten years ago a vacant lot in a subdivision was purchase…

56. Ten years ago a vacant lot in a subdivision was purchased for $30,500. The owner hired a general contractor to build a home on the lot. The contractor charged $375,000. The homeowner is planning to refinance the mortgage. The bank recently appraised the home at $410,000. What is the value of the property?

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65. The interest on an assumed mortgage is entered on the cl…

65. The interest on an assumed mortgage is entered on the closing disclosure as a 

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85. Which clause in a mortgage instrument allows the mortgag…

85. Which clause in a mortgage instrument allows the mortgage to advance the due date of the unpaid balance if the borrower defaults on the loan?

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94. A homesteaded property is located in Orlando, Florida, i…

94. A homesteaded property is located in Orlando, Florida, in Orange County. The city tax rate is 18.1 mills, the county tax is 9.3 mills, and the school district tax rate is 6 mills. The homeowner is blind and has qualified for homestead exemption. The home has been assessed at $195,000. What must the homeowner pay in property taxes?

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