State exam Final test prep

What was the significance of the 1968 Jones V Mayer Supreme Court ruling?

A planning commission's primary function is to advise the elected officials in the local government. What is the commission often delegated as the final authority for?

What term refers to the action taken by the Federal Reserve Bank to influence the availability and cost of money?

Jesse, a buyer, breaches a contract. The seller feels that it cost him other opportunities to sell so wants to be compensated above the deposit amount. What remedy would the seller pursue?

Property that is contained within today's residential subdivisions is normally described using which of the following methods of legal description?

Phillip has recently become a Florida resident and wishes to get a real estate license. He was licensed in Georgia, which has a mutual recognition agreement with Florida. Can he use that process and only have to take a law test to get his Florida license?

Which of the following applies to a lien theory mortgage?

Which entry would appear as a credit to the seller?

When estimating supply, it is not necessary to consider which of the following?

A sales associate joins three investors to form a partnership. The purpose of the partnership is to buy distressed properties, improve them and sell them for a profit. What must the sales associate do?

When financial instutions act as financial intermediaries for depositors and burrowers, the purpose is called what?

Which statement best describes the interest that is payable on tax certificates?

If the only broker in a real estate company loses his license, what would the license status be for the sales associates working for the sales associates working for that broker?

A seller gives a buyer a deed but the buyer moves into the property without recording it.

Type of contract where all terms and conditions are NOT fully expressed?

Type of contract exists when the court determines that a contract existed due to the actions of parties?