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Hi Expert! I would really appreciate if you could help me with these questions. They are from the Florida Brokers Real Estate Subject and I

Hi Expert! I would really appreciate if you could help me with these questions. They are from the Florida Brokers Real Estate Subject and I have been unable to find a clear answer to them I would most definitively rate up your answer, specially if you can provide reasoning of why you chose a particular answer. You guys have really good experts and have helped me a lot before, so I have no doubt my expert is the best! Thank you! I have 4 really easy ones, the last for the day, I promise LOL

Discount points are

  1. Determined by the federal reserve board
  2. Payable to the mortgagor
  3. Charged to increase the lenders yield
  4. Imposed on borrowers by FHA

According to the uniform standards of professional appraisal practice, the opinionof highest and best use must include an analysis of

  1. Age, gender, race and religion within the neighborhood
  2. Physical, legal, and economic factors
  3. Marital status and national and national origin of the neighborhood population
  4. Both familial status and public assistance income

Husband and wife are selling their home of 20 years and purchasing a condominium in a retirement community. Their realized gain on the sale of their home is $300,000. The husband and wife:

  1. Must pay capital gains tax on all but $125,000 of the realized gain
  2. Do no owe any tax on the gain from the sale of their home
  3. Must purchase the condominium within 24 months to be sheltered from payment of tax on the sale of their home
  4. Must pay tax on only $50,000 of the realized gain

If a broker changes his business address without notifying the Florida Real Estate Commission, his license will

  1. Cease to be in force
  2. Revert to inactive status
  3. Be revoked
  4. Become null and void

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