Business Law > EXAM REVIEW > FL Real Estate Exam Practice Questions (All)
FL Real Estate Exam Practice Questions
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Earthquake zones, flood hazard areas, and fire hazard areas are all examples of: - ✔ ✔ natural hazard areas A mortgage that can be taken over by the buyer when a home is sold, assuming the buye ... r qualifies, is called a(n): - ✔ ✔ assumable mortgage When a loan is made on real property, the loan depends on what security? - ✔ ✔ the value of the property being purchased In an area neighborhood that has a home in a dilapidated state that would require extensive remodeling to be compared to other homes in the area, what would this be an example of: - ✔ ✔ incurable depreciation Liabilities, including long-term and short-term debt and any amounts owed to others, is best known as a person's: - ✔ ✔ financial obligations In the event that parties do not comply with the bulk sales law as outlined in the Uniform Commercial Code, the buyer is likely to be: - ✔ ✔ the most injured If a church, school, or hospital wishes to relocate to an area zoned exclusively for residential use, they could do so by: - ✔ ✔ conditional use [Show More]
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