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Florida Real Estate Practice Questions - Page 12

Practice Florida real estate topics with multiple-choice questions. Choose an answer to see the explanation, or start the free 63Hours course. Page 12.

692 practice questions

  1. Chapter 11 In the Government Survey System, what is the designation for the vertical strip of land six miles wide beginning at the principal meridian and extending six miles west? 
  2. Chapter 11 If you have located a township designated as T2N, R1E, what is the designation of the township located immediately due south?
  3. Chapter 11 Which of the following accurately describes the dimensions and contents of a standard township in the Government Survey System?
  4. Chapter 11 A legal description that reads, in part, “the North 1/2 of the Northeast 1/4 of the Northwest 1/4 Section 12, Township 42 South, Range 12 East” describes a tract of:
  5. Chapter 11 A man owned the NW 1/4 of a section. He sold the W 1/2 of that NW 1/4. How many acres does the man still own?
  6. Chapter 11 What information is specifically detailed on a recorded plat map used in the lot and block method of legal description?
  7. Chapter 11 The SE 1/4 of the NW 1/4 AND the NE 1/4 of the SW 1/4 of a certain section contain how many acres?
  8. Chapter 11 Which legal method of land description is specifically adapted to describing large tracts of land using a grid system and extremely concise symbols, fractions, and words?
  9. Chapter 11 In the Government Survey System, what are the specific dimensions of a tract of land legally defined as a "check"?
  10. Chapter 11 What is the specific term for the 6-mile-square tract of land formed by the intersection of east-west township lines and north-south range lines?
  11. Chapter 11 When writing out a legal property description using the Government Survey System, what is the standard, legally recognized sequence for listing the primary identifying numbers?
  12. Chapter 11 How many miles south of the base line is the north boundary of Section 36 in Township 1 South, Range 1 West?
  13. Chapter 12 Real estate licensees are legally authorized to assist buyers and sellers with the preparation of which four types of contracts?
  14. Chapter 12 The Statute of Frauds requires that contracts conveying an interest in real property be in writing and signed in order to be:
  15. Chapter 12 According to the Statute of Limitations, how long is an oral (parol) contract enforceable?
  16. Chapter 12 Which of the following is NOT one of the four essential elements of a valid contract?
  17. Chapter 12 Are real estate sale and purchase contracts required to be witnessed or notarized to be valid?
  18. Chapter 12 A promise that cannot be measured in terms of money, such as love and affection, is classified as:
  19. Chapter 12 A contract that obligates both parties to perform in accordance with the terms is called a:
  20. Chapter 12 In contract negotiation, the person who receives an offer is known as the:
  21. Chapter 12 Which of the following events would terminate a contract?
  22. Chapter 12 Which legal remedy for breach of contract asks the court to force the other party to proceed as the contract states?
  23. Chapter 12 The transfer of rights and duties under a contract from one person to another is called:
  24. Chapter 12 The substitution of a new party for the original one, effectively releasing the original party from liability, is known as:
  25. Chapter 12 Which of the following is PROHIBITED in a written listing agreement?
  26. Chapter 12 A person who is authorized to perform certain acts for another under a power of attorney is called a(n):
  27. Chapter 12 A seller gives a listing to three different brokers. The broker who actually sells the property gets the commission. If the seller sells it themselves, no one gets paid. What type of listing is this?
  28. Chapter 12 A seller lists a property with ONE broker but reserves the right to sell it themselves without paying a commission. This is an:
  29. Chapter 12 Which listing gives the broker the greatest protection because they are assured a commission regardless of who sells the property?
  30. Chapter 12 A seller agrees to sell a property for a minimum of $600,000, and the broker keeps any amount above that as commission. This is a: