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Florida Real Estate Practice Questions - Page 11

Practice Florida real estate topics with multiple-choice questions. Choose an answer to see the explanation, or start the free 63Hours course. Page 11.

692 practice questions

  1. Chapter 10 If a real estate sales contract is legally binding but fails to specify the exact type of deed the seller must use to convey the property, which type of deed is the seller legally required to provide?
  2. Chapter 10 Which of the following statements best describes the legal relationship between "eminent domain" and "condemnation"?
  3. Chapter 10 A seller conveys a property to a buyer using a special warranty deed. Under this specific type of deed, what level of title protection is the grantor legally providing to the grantee?
  4. Chapter 10 Which of the following statements best describes the legal purpose of the "covenant against encumbrances" found within a general warranty deed?
  5. Chapter 10 Which of the following clauses or covenants in a general warranty deed specifically contains the legal promise that the grantor actually owns the property and has the legal right to convey it to the grantee?
  6. Chapter 10 Which section or provision of a valid deed is specifically responsible for naming the parties to the transaction (the grantor and grantee), stating the date of execution, and containing the legal granting clause?
  7. Chapter 10 All of the following are legally considered examples of an encumbrance on the title to real property, EXCEPT:
  8. Chapter 10 What is a key characteristic of a lender's title insurance policy?
  9. Chapter 10 You are renting an office with a five-year variable lease. You pay $45 per sq ft for the first year, based on a beginning Consumer Price Index of 192. The index increases to 196 at the beginning of the second year. What is the new rental rate?
  10. Chapter 10 What is the legal term used to describe a property owner who dies without leaving a valid will?
  11. Chapter 10 An owner/developer leases his storefront to a business for $20,000 per month base rent plus 10% of annual gross sales that exceed $250,000. If the annual gross sales are $625,000, what is the total annual rent for this business?
  12. Chapter 11 Which of the following is NOT one of the three main types of legal descriptions used today?
  13. Chapter 11 Which method of legal description is considered the most accurate for describing both regularly and irregularly shaped parcels?
  14. Chapter 11 In a metes-and-bounds description, what do the terms "metes" and "bounds" refer to?
  15. Chapter 11 A metes-and-bounds description must always begin and end at the:
  16. Chapter 11 In a metes-and-bounds description, the corners of the parcel are identified using fixed markers called:
  17. Chapter 11 The Government Survey System describes land using a grid formed by intersecting:
  18. Chapter 11 In Florida, the reference point for the Government Survey System (where the Principal Meridian and Base Line intersect) is located in:
  19. Chapter 11 In the Government Survey System, the six-mile-wide strips of land running North and South are called:
  20. Chapter 11 The six-mile-wide strips of land running East and West parallel to the Base Line are called:
  21. Chapter 11 A "Township" is a square formed by the intersection of a Range and a Tier. What are its dimensions?
  22. Chapter 11 A "Section" is a square that is one mile on each side. How many acres does it contain?
  23. Chapter 11 How are the 36 sections numbered within a Township?
  24. Chapter 11 How do you calculate the acreage of a parcel described as "The NW 1/4 of the SW 1/4 of Section 6"?
  25. Chapter 11 The "Lot and Block" method of legal description is primarily used for:
  26. Chapter 11 The legal description "The NW 1/4 of the NE 1/4 of the SW 1/4, Section 20, Township 4 South, Range 2 East" describes a tract of how many acres?
  27. Chapter 11 Which of the following legal descriptions consists of 120 acres?
  28. Chapter 11 In the metes-and-bounds method of description, what do the terms refer to?
  29. Chapter 11 What is the correct designation for a township located three township tiers south of the base line and five ranges east of the principal meridian?
  30. Chapter 11 What is the specific term for the tract of land located inside the square formed by intersecting north-south range lines and east-west township lines?