Practice Florida property rights with 10 free questions on estates, survivorship, homestead, condos, and HOA disclosures. Get a score, clear explanations, and the reason each wrong choice fails. No account needed.
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10 practice questions on property rights, scored, each with a full explanation after you answer. Every question is also written out below if you would rather study at your own pace.
All 10 questions and explanations are free. Property Rights carries 8% of the published exam outline, about 8 questions. This small practice set does not predict your state-exam score.
01 / Identify the estate
Separate the duration of an estate from the way people own it together. Fee simple answers a different question from tenancy in common.
Ownership has no built-in end date
The broadest ownership estate. It can continue indefinitely and pass to successors. Absolute describes the estate, not freedom from taxes, zoning, liens, private restrictions, or homestead rules.
Practice this distinction →A named person's life measures the duration
A grantor creates an estate that ends when the measuring life ends. A third party's future interest is a remainder; an interest retained by the grantor is a reversion. A life tenant cannot convey a greater estate than the one held.
Practice this distinction →A definite beginning and ending
A leasehold for a fixed period, such as June 1 through August 31. The name does not require a full year. A right to occupy for a stated rental term is different from owning the fee.
Consent separates these two tenancies
A tenancy at will continues with the owner's consent without a fixed ending date, often from period to period. A tenancy at sufferance describes a tenant who entered lawfully but stays after the right to occupy ends, without the owner's consent. Do not assume the same notice or eviction rules apply to both.
FREC Course I syllabus, Section 8 supplies these estate categories. Fee simple defeasible adds a condition that can end the fee. A life estate is a freehold even though its duration is limited by a life.
Severalty means one owner. These are forms of co-ownership. In each, an undivided interest concerns the whole property rather than a marked-off physical portion.
| Form and owners | What happens at death? | What to check |
|---|---|---|
| Tenancy in commonTwo or more owners; shares may be unequal | No automatic survivorship. The deceased owner's interest passes under succession rules, including a valid will when applicable. | A Florida deed to multiple owners without express survivorship generally points here, except for an estate by the entireties. |
| Joint tenancy with right of survivorshipCo-owners with the required unities and express survivorship | A deceased joint tenant's interest passes to the surviving joint tenants if the joint tenancy remains intact. | For the standard real-estate exam scenario, remember time, title, interest, and possession. Equal shares alone do not establish survivorship. |
| Tenancy by the entiretiesSpouses holding the estate as one legal unit | The surviving spouse owns the whole. Divorce converts the estate to a tenancy in common under F.S. 689.15. | Generally protected from one spouse's separate creditor, but not from a joint creditor. Spouses can also hold other forms of title; marriage alone is not the complete ownership analysis. |
No. Spouses can hold severalty, tenancy-in-common, joint-tenancy, or entireties interests depending on the facts and documents. Entireties ownership requires the marital relationship and the other required unities. Do not assume an interest acquired before marriage changes form solely because its owner later marries.
Also separate title from homestead joinder. Article X, Section 4 generally requires a married owner’s spouse to join in a mortgage, sale, or gift of homestead real estate, even where the title analysis starts with a sole owner.
Florida Supreme Court, Beal Bank v. Almand (2001) · Florida Constitution, Article X, Section 4
02 / Keep the foundations straight
These Section 8 concepts extend beyond the scored questions. Use this short reference to find gaps before moving on.
Land includes surface, subsurface, and air interests. Movable personal property can become a fixture through its relationship to the real estate. Use the four syllabus tests: intent; method or degree of attachment; agreement and the parties' relationship; and adaptation to the property. A screw or a plug alone does not settle every case.
Equipment a tenant installs for a business raises trade-fixture questions. Examine the purpose, lease, removal timing, and responsibility for damage. In a purchase contract, identify included and excluded items clearly. A written agreement about a chandelier is more useful than assuming both parties classify it the same way.
These rights describe ownership, but they can be limited or separated. A lease grants possession under its terms. A mineral conveyance can separate a subsurface interest from surface ownership. An easement may allow another person a limited use. None of these makes zoning, the deed, or other applicable restrictions disappear.
In the standard exam distinction, riparian rights concern land along flowing water, such as a river; littoral rights concern land adjoining lakes or the sea. Accretion is gradual land buildup by deposits; alluvion is the deposited material. Erosion wears land away, and reliction exposes land as water gradually recedes. A waterfront owner does not automatically own every nearby water body or have unrestricted development rights.
03 / Read the ownership documents
Shared amenities do not identify the legal structure. Ask who holds title, what the buyer receives, and which chapter governs the transaction.
The owner holds a unit together with an undivided share in the common elements. A fee-simple unit is the usual exam example. The declaration defines the unit and common elements, including limited common elements reserved for particular units. Florida law also recognizes condominium property that includes leaseholds.
Look for an individually owned unit plus appurtenant common elements.
Legal title to the property is held by a corporation or other entity. An owner's beneficial use is evidenced by an association ownership interest and a lease or other title document. Shares plus a proprietary lease are a typical arrangement. F.S. 719.103(26) expressly treats an interest in a cooperative unit as real property.
Do not reduce the Florida rule to 'a co-op is only personal property.'
A home or lot can be subject to mandatory membership, assessments, and recorded community restrictions. An HOA does not, by itself, turn that property into a condominium or a cooperative. Read the title documents and the required disclosure summary to identify the obligations.
A shared pool does not tell you which ownership statute governs.
The buyer's use is allocated by recurring time intervals under a plan. F.S. 721.05 distinguishes a timeshare estate, a personal property timeshare interest, and a timeshare license. A statutory timeshare estate is real property; not every timeshare product conveys that estate.
Read the plan. A right to vacation there is not enough to identify the interest.
No. A CDD is a local government district with specialized statutory functions. It can finance and provide community infrastructure and services through authorized taxes and assessments. An HOA is an association; owning in one does not tell you whether a CDD also applies.
F.S. 190.048 requires a disclosure in contracts for initial sales of parcels or residential units within the district. It alerts buyers to district taxes and assessments in addition to other governmental charges. Keep that initial-sale requirement separate from the missing-HOA-summary cancellation rule.
F.S. 190.003, community development districts · F.S. 190.048, initial-sale CDD disclosure
Declaration: creates the condominium and defines the property interests and restrictions. Articles of incorporation: establish the association’s corporate structure. Bylaws: govern its operation. FAQ sheet: provides required questions and answers for purchasers.
Those four syllabus documents are a starting point. Current sale disclosures also involve rules, financial information, the budget, and applicable inspection and structural reserve records. Read the transaction-specific statute for the complete document requirements.
FREC Course I syllabus, Section 8 · F.S. 718.503, condominium disclosures and cancellation
04 / Attach the deadline to its trigger
Identify the property type and seller first. These are statutory study summaries. The actual contract, delivery facts, and governing provision determine the notice and deadline.
| Transaction | Period | Trigger and conditions |
|---|---|---|
| Developer condominium saleF.S. 718.503, condominium disclosures and cancellation | 15 days | After the buyer executes the agreement and receives all required developer documents. The later event controls. Written cancellation. A materially adverse amendment can create a fresh 15-day period. The right ends at closing; early closing requires the statutory informed agreement. |
| Nondeveloper condominium resaleF.S. 718.503, condominium disclosures and cancellation | 7 days | Exclude Saturdays, Sundays, and legal holidays. For the document-review route, count after execution and receipt of the specified documents requested in writing. Written cancellation; the right ends at closing. Applicable milestone, turnover-inspection, and structural reserve documents have additional disclosure provisions. Older three-day condo summaries are outdated. |
| Cooperative saleF.S. 719.503, cooperative disclosures and cancellation | 15 / 7 days | Developer: 15 days after execution and required document receipt. Nondeveloper resale: 7 days, excluding Saturdays, Sundays, and legal holidays, under the applicable document-review provisions. Written notice and the governing document requirements matter. These rights end at closing. Chapter 719 supplies the cooperative rules, even where a number matches the condo rule. |
| Missing HOA disclosure summaryF.S. 720.401, missing HOA disclosure summary | 3 days | If the required summary was not supplied before signing: within 3 days after receipt, or before closing, whichever occurs first. Written notice to the seller or seller's agent. This is not a blanket three-day cooling-off period for every home purchase. The right cannot be waived and ends at closing. |
| Timeshare purchase under F.S. 721.10F.S. 721.10, timeshare cancellation | 10 calendar days | Until midnight on the 10th calendar day after the later of contract execution or receipt of the last required document. Follow the statutory notice requirements. Do not substitute the condominium's developer-sale period for this timeshare period. |
For condo and co-op resales, the statute distinguishes documents supplied sufficiently before signing from the later document-review route. Applicable inspection and reserve documents have separate provisions. Do not count a deadline from the signature alone when required receipt has not occurred.
05 / Ask what homestead does here
The word homestead appears in all three discussions. Each rule has a different purpose, qualification, and set of exceptions.
01 / Creditors and succession
Article X, Section 4 protects a qualifying natural person's homestead from most judgment-creditor forced sales. The usual acreage limits are one-half contiguous acre inside a municipality and 160 contiguous acres outside one. Listed exceptions include taxes and assessments, purchase, improvement or repair obligations, and labor on the realty. Separate constitutional rules restrict devise when a spouse or minor child survives.
02 / Taxable value
For an eligible permanent residence, the first $25,000 of assessed value is exempt from ad valorem levies including school taxes. In 2026, the additional exemption is up to $26,411 on assessed value above $50,000 and applies only to non-school levies. This reduces taxable value; it is not a $51,411 deduction from the tax bill.
03 / Assessed value
This limits qualifying annual assessed-value increases to the lower of 3% or the applicable CPI change, beginning after the first homestead-exemption year. Ownership changes, improvements, and other statutory exceptions require separate treatment. It does not cap the home's sale price or guarantee that the tax bill can rise by no more than 3%.
Article X, Section 4 restricts devise when the owner is survived by a spouse or minor child. If a spouse survives and there is no minor child, the homestead may be devised to that spouse. Do not turn that exception into permission to leave it to anyone.
The constitutional protection also has exceptions for specified debts. It does not erase a purchase-money mortgage or a property-tax obligation. These rules concern a qualifying homestead, not every Florida property the person owns.
06 / Apply the rule
Make your choice before opening the reasoning. These additional exercises are free and separate from your quiz score.
Worked example 01
Omar grants Ana a conventional life estate measured by Ana's life, with the property then passing to Luis. Ana later transfers her entire interest to Priya.
Luis holds the remainder. Priya receives only the interest Ana could convey, so it still ends when Ana dies, not when Priya dies. If Omar had retained the future interest instead of giving it to Luis, Omar would hold a reversion.
Track the measuring life and the recipient of the future interest separately.
Worked example 02
Two unmarried siblings receive equal undivided interests in an investment property. The deed contains no survivorship language. One sibling later dies, leaving a valid will that devises the interest to an adult child.
The siblings held as tenants in common. Equal percentages did not create survivorship. On these stated non-homestead facts, the deceased sibling's interest passes under the will, rather than automatically to the surviving sibling.
An undivided half interest is an interest in the whole property, not ownership of a physically marked half.
Worked example 03
A seller installed a chandelier as a permanent part of the dining room. Before signing, the buyer and seller agree in the purchase contract that the seller will remove it and install a specified replacement before closing.
The agreement expressly addresses the item and the replacement, so the parties have resolved what the seller will deliver. Without that term, intent, attachment, adaptation, and the relationship of the parties would matter to the fixture analysis. 'It can be unscrewed' would be a poor answer by itself.
When the question gives a clear agreement, use it. Do not ignore it in favor of a one-word fixture shortcut.
Worked example 04
Assume a Florida home has a $200,000 assessed value, qualifies for the full basic and additional homestead exemptions in 2026, and has no other exemptions. Find the taxable value for school and non-school levies.
School taxable value: $200,000 − $25,000 = $175,000. Non-school taxable value: $200,000 − $25,000 − $26,411 = $148,589. Multiply each taxable value by its applicable millage divided by 1,000 to calculate that levy. Non-ad valorem assessments require separate treatment.
The question gives assessed value, not market value. The extra exemption does not apply to school levies.
07 / Review every answer
Open the concept you want to review. Every question, answer, wrong-choice explanation, and source is available without completing the quiz or signing in.
Try each question before opening its answer. These are original practice items, not actual or recalled Pearson VUE exam questions.
Question 1 · prop-1 · Fee simple absolute
Answer B. fee simple absolute, the highest and most complete form of ownership
Fee simple absolute is the broadest ownership estate and has no built-in ending date or defeasance condition. It differs from a life estate measured by a life, a leasehold, and a fee subject to a condition. It remains subject to applicable public and private restrictions, including taxes, zoning, liens, and homestead rules.
Remember: Absolute describes the estate. It does not mean the owner can ignore land-use rules or devise a protected homestead however they wish.
A. a life estate
A life estate ends with its measuring life. The question gives potentially unlimited duration.
C. fee simple defeasible
A defeasible fee has a condition that can end the estate. The question expressly excludes that condition.
D. a leasehold estate
A leasehold gives possession under a tenancy. It is not the indefinite ownership estate described.
Sources: FREC Course I syllabus, Section 8 · Florida Constitution, Article X, Section 4
Report a problem with prop-1Question 2 · prop-2 · Remainder versus reversion
Answer B. remainder, and the nephew is the remainderman
The nephew holds a remainder. A remainder follows the life estate and belongs to someone other than the grantor. If the grantor had retained the future interest, it would be a reversion. Elena’s estate is measured by her life, even if she later transfers her life-estate interest to someone else.
Remember: Ask two questions: whose life sets the duration, and who holds the future interest? A right merely to live somewhere is not always a life estate; this question expressly grants one.
A. reversion
A reversion is the future interest retained by the grantor. This grant gives the future interest to the nephew.
C. leasehold
A leasehold is a tenancy interest. The nephew is named to take after the expressly granted life estate.
D. fee simple defeasible
A fee simple defeasible turns on a condition attached to that estate. The nephew’s interest is the remainder following a life estate.
Sources: FREC Course I syllabus, Section 8
Report a problem with prop-2Question 3 · prop-3 · Express survivorship and TTIP
Answer C. joint tenancy with right of survivorship
These facts describe joint tenancy with right of survivorship. The standard exam unities are time, title, interest, and possession, remembered as TTIP. F.S. 689.15 requires express survivorship, except for an estate by the entireties. If the joint tenancy remains intact, a deceased owner’s interest passes to the surviving joint tenant.
Remember: Equal shares and the same deed are not enough by themselves. The express survivorship language is the deciding fact here.
A. tenancy in common
Tenancy in common does not carry automatic survivorship. The deed here expressly creates it.
B. tenancy by the entireties
Tenancy by the entireties is for spouses. These co-owners are unmarried.
D. a life estate
A life estate is measured by a specified life. These facts instead describe co-ownership with express survivorship.
Sources: F.S. 689.15, survivorship and divorce · FREC Course I syllabus, Section 8
Report a problem with prop-3Question 4 · prop-4 · Tenancy by the entireties
Answer C. tenancy by the entireties
Tenancy by the entireties is an estate spouses hold as a single legal unit, with survivorship. It generally protects the property from a creditor of only one spouse. It does not provide the same protection against a joint creditor of both spouses. Marriage alone does not establish every required feature or convert all property into an entireties estate.
Remember: Spouses may hold other forms of title. Under F.S. 689.15, divorce converts an existing entireties estate to a tenancy in common.
A. tenancy in common
Tenants in common hold separate undivided interests without automatic survivorship. That does not match the single marital estate.
B. joint tenancy
Joint tenancy has survivorship, but it does not supply the marital-unit ownership and separate-creditor protection described.
D. a partnership
Being married does not make title a partnership estate. The facts identify the spouses’ entireties ownership.
Sources: Florida Supreme Court, Beal Bank v. Almand (2001) · F.S. 689.15, survivorship and divorce
Report a problem with prop-4Question 5 · prop-5 · Tenancy in common
Answer C. tenancy in common, the default co-ownership form
Tenancy in common permits unequal undivided interests and has no automatic survivorship. F.S. 689.15 generally makes it the result of a conveyance to multiple owners without express survivorship, except for an estate by the entireties. On the stated facts, the deceased owner’s interest passes under a valid will or other applicable succession rules.
Remember: Undivided means each share is an interest in the whole property. A 60% interest does not automatically mean exclusive ownership of 60% of the rooms.
A. joint tenancy
The deed does not create survivorship. Do not infer a joint tenancy simply because two people buy together.
B. tenancy by the entireties
These owners are unmarried, so they cannot hold as tenants by the entireties.
D. a life estate
No measuring life or future-interest arrangement is specified. The question concerns the owners’ concurrent interests.
Sources: F.S. 689.15, survivorship and divorce
Report a problem with prop-5Question 6 · prop-6 · The bundle of rights
Answer B. a bundle of separable rights, including possession, control, enjoyment, exclusion, and disposition
The bundle describes possession, control, enjoyment, exclusion, and disposition. Property interests can be separated: the owner can convey an interest in minerals while retaining the surface interest. The deed and applicable law determine the precise rights conveyed, including any access or use limitations.
Remember: Separate ownership of minerals does not mean unrestricted extraction rights. Read the conveyance and the stated limits.
A. a single, indivisible right that must be transferred all at once
This contradicts the separation of property interests. An owner need not transfer every interest in a single conveyance.
C. only the right to exclude others
Exclusion is one right in the bundle. It does not describe the full ownership interest or its separability.
D. limited to surface rights in Florida
Real estate includes subsurface and air interests as well as the surface. Florida ownership is not limited to the surface.
Sources: FREC Course I syllabus, Section 8
Report a problem with prop-6Question 7 · prop-7 · Homestead protection versus taxes
Answer B. Florida's constitutional homestead protection under Article X, Section 4
Article X, Section 4 protects a qualifying homestead from forced sale, subject to listed exceptions, and restricts devise when the owner is survived by a spouse or minor child. If there is a surviving spouse but no minor child, the owner may devise the homestead to the spouse. This protection is separate from the property-tax exemption in Article VII.
Remember: Constitutional homestead protection and the homestead tax exemption serve different purposes. Protection addresses forced sale and devise; the tax exemption reduces taxable value.
A. the homestead tax exemption
The property-tax exemption reduces taxable assessed value. It does not supply the Article X forced-sale and devise protections.
C. the Save Our Homes assessment cap
Save Our Homes limits qualifying assessment increases. It does not determine whether a homestead can be devised to a particular person.
D. federal bankruptcy law only
The question describes protections in the Florida Constitution. They do not arise solely from federal bankruptcy law.
Sources: Florida Constitution, Article X, Section 4 · F.S. 196.031, homestead tax exemption · F.S. 193.155, Save Our Homes assessment limits
Report a problem with prop-7Question 8 · prop-8 · Condominium versus cooperative
Answer B. condominium, with fee simple title to the unit and a shared interest in the common elements
This is a fee-simple condominium parcel: the individually owned unit comes with an undivided interest in the common elements. That is the arrangement expressly given here. In a cooperative, an entity holds legal title and the owner’s beneficial use is evidenced by an association interest and a lease or other title document. Florida law expressly treats an interest in a cooperative unit as real property.
Remember: Do not use “all condos are fee simple” or “co-ops are only personal property” as blanket rules. F.S. 718.103 recognizes leaseholds within condominium property, and F.S. 719.103(26) classifies a cooperative unit interest as real property.
A. cooperative interest
In the cooperative structure, an entity holds legal title to the property. That differs from the individual condominium title described.
C. leasehold
The question expressly gives fee simple title, not merely possession under a lease.
D. timeshare
No recurring time interval is stated. The unit and common-element ownership described is a condominium parcel.
Sources: F.S. 718.103, condominium ownership and common elements · F.S. 719.103, cooperative ownership and unit interests
Report a problem with prop-8Question 9 · prop-9 · Developer condo cancellation
Answer B. 15 days after signing the contract or receiving all required documents, whichever is later
The initial developer-sale period is 15 days after both buyer execution and receipt of all required developer documents, so the later event controls. A materially adverse amendment can trigger a new 15-day period. The cancellation right ends at closing. The statute permits an earlier closing only through the required informed agreement.
Remember: Identify the seller’s status, not just the age of the building. A nondeveloper condominium resale uses a 7-day period excluding Saturdays, Sundays, and legal holidays under its document-review provisions.
A. 3 business days after signing
Three days is not the current developer condominium period. Do not import the missing-HOA-summary rule.
C. 10 calendar days, with no extensions
Ten calendar days is the period for a covered timeshare purchase under F.S. 721.10, not this developer condominium sale.
D. no cancellation period applies to new construction
Florida law provides this developer-sale cancellation right. New construction does not remove it.
Sources: F.S. 718.503, condominium disclosures and cancellation
Report a problem with prop-9Question 10 · prop-10 · Missing HOA disclosure summary
Answer B. 3 days after receiving the HOA disclosure summary, or before closing, whichever comes first
If the required HOA disclosure summary was not provided before the buyer executed the contract, the buyer may cancel in writing within 3 days after receiving it or before closing, whichever occurs first. The right cannot be waived and terminates at closing.
Remember: The missing summary is the trigger. Do not give every home buyer an automatic three-day cancellation right, and do not replace this rule with the condominium resale period.
A. 7 business days after receiving the association documents
This imports the condominium resale period and refers broadly to association documents. The question asks about the missing HOA disclosure summary.
C. 15 days after signing, the same window as a new condominium
The developer condominium period comes from a different statute. This is a home subject to the HOA disclosure rule.
D. no period at all, because cancellation rights apply only to condominiums
F.S. 720.401 provides a cancellation right when its required HOA summary was not supplied before signing.
Sources: F.S. 720.401, missing HOA disclosure summary
Report a problem with prop-10Your next step toward exam day
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08 / Check the full exam outline
The published Property Rights outline has five main headings. This map shows where the free questions and references help, and what still needs practice.
In this resource: Fixture tests, trade fixtures, physical components, and water vocabulary in the reference.
Also review: Practice additional real-versus-personal-property and shoreline scenarios from your course.
In this resource: The bundle of rights and a mineral-rights question.
Also review: Apply possession, control, enjoyment, exclusion, and disposition to leases and other limited interests.
In this resource: Fee simple, life estates, remainders, reversions, co-ownership, and a leasehold reference.
Also review: Compare at-will and at-sufferance situations and the effect of a conveyance or a death.
In this resource: Creditor protection, devise restrictions, tax benefits, and a 2026 calculation.
Also review: Review qualification, spouse joinder, assessment changes, and additional tax calculations.
In this resource: Ownership distinctions, condominium questions, and a five-row cancellation reference.
Also review: Study the declaration, articles, bylaws, FAQ sheet, and transaction-specific disclosure documents. The HOA question and CDD reference add related course comparisons.
DBPR exam outline, Section VIII supplies the 8% exam weight and five headings. FREC Course I syllabus, Section 8 supplies the course objectives, including fixtures, water rights, and ownership documents. Use current law alongside the syllabus for legal details that have changed.
Start with the interest, not the building. A house can be owned in fee simple, occupied under a life estate, or rented for a fixed term. A shared pool does not tell you whether a community is a condominium, a cooperative, or an HOA.
Next, follow the interest through the event in the question. After a death, identify the measuring life, any remainder or reversion, and whether survivorship was created. For co-owners, equal shares do not prove survivorship, and an undivided interest is not a physically separate piece of the land.
For homestead, decide whether the question concerns creditors, a will, or property taxes. For cancellation, identify the governing statute, the seller’s status, the missing documents, and whether closing has occurred. Memorizing a number without its trigger is where mistakes start.
Questions about property rights practice
Property Rights carries 8% of the published DBPR sales associate exam outline, about 8 questions on the 100-question exam. Its five headings cover the nature of property, general rights, estates and tenancies, homestead, and cooperatives, condominiums, and time-sharing. This free set contains 10 original practice questions and does not cover every possible exam scenario.
Joint tenancy with right of survivorship passes a deceased owner’s interest to the surviving joint tenants if the tenancy remains intact. Tenancy in common has no automatic survivorship and can have unequal shares. F.S. 689.15 generally requires express survivorship language, except for an estate by the entireties.
For the standard real-estate exam scenario, remember TTIP: time, title, interest, and possession. The owners acquire interests at the same time, under the same instrument, with equal interests and equal rights to possess the whole. In Florida, also check for express survivorship language. Equal shares alone do not create it.
It is an estate held by spouses as one legal unit, with survivorship and general protection from a creditor of only one spouse. A joint creditor may reach it. Spouses may hold other forms of title, so marital status alone is not the whole analysis. Divorce converts an entireties estate to a tenancy in common under F.S. 689.15.
Both are future interests following a life estate in the usual exam example. A remainder belongs to a third party designated to take after the life estate. A reversion stays with the grantor. Also identify whose life measures the estate; transferring a life-estate interest does not automatically change that measuring life.
The FREC syllabus uses intent, method or degree of attachment, agreement and the parties’ relationship, and adaptation to the property. Consider them together. A written purchase-contract provision can specify whether an item stays or goes. The fact that something can be unscrewed does not settle its classification by itself.
A condominium parcel combines an individually owned unit with an undivided share in common elements. In a cooperative, an entity holds legal title and the owner’s beneficial use is evidenced by an association interest and a lease or other title document, often shares plus a proprietary lease. Under F.S. 719.103(26), an interest in a Florida cooperative unit is real property. Calling it stock only misses that rule.
For a residential developer sale, the initial period is 15 days after the buyer signs and receives all required developer documents. A nondeveloper resale generally uses 7 days, excluding Saturdays, Sundays, and legal holidays, after execution and receipt under the applicable document-review provisions. Written notice, required documents, and the contract matter. These rights end at closing. The old three-day condominium resale rule is outdated.
No. F.S. 720.401 addresses a required HOA disclosure summary that was not supplied before the buyer signed. The buyer may then cancel by written notice within 3 days after receiving the summary or before closing, whichever occurs first. This is not a general cooling-off period for every residential purchase.
No. Article X, Section 4 addresses forced-sale protection and restrictions on devise, with qualifications and exceptions. The tax exemption reduces taxable assessed value. In 2026, the basic exemption is up to $25,000; the additional exemption is up to $26,411 on assessed value above $50,000 for non-school levies. Save Our Homes separately limits qualifying annual assessment increases.
The plan determines the interest. F.S. 721.05 distinguishes timeshare estates, personal property timeshare interests, and timeshare licenses. A timeshare estate is real property, but not every product conveys one. For a purchase covered by F.S. 721.10, cancellation runs until midnight on the 10th calendar day after the later of contract execution or receipt of the last required document, following the statutory notice requirements.
These are original Pass Florida questions, not copied or recalled Pearson VUE exam items. All 10 questions, correct answers, 30 wrong-choice explanations, references, and worked examples are free without an account. For more practice across all 19 areas, open the web app or download Pass Florida for iPhone or Android.
Sources and editorial review
Published by Pass Florida. Reviewed on for rules in effect through .
This review checked the questions and explanations against the DBPR outline, FREC Course I syllabus, Florida statutes and Constitution, and Department of Revenue guidance. The entireties discussion also cites the Florida Supreme Court’s Beal Bank opinion.
Current statutory distinctions are stated explicitly: a cooperative unit interest is real property, condominium resale review uses the current seven-day rule, and the additional homestead tax exemption is indexed for 2026. The scenarios use stated facts and are study examples.
Found an error? Use the correction link under a question or send the question ID and supporting source.
Review a definition, worked example, or common exam trap before your next quiz.