Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

Practice this question and more.

A developer of 20 or more new residential units must give a ______ to a buyer

Interval
Time share
Plat map
Prospectus

The correct answer is: Prospectus

A prospectus is a formal legal document that provides detailed information about a financial security or investment opportunity, which must be provided to buyers by developers of 20 or more new residential units. An interval is a specific period of time and a time share is a type of ownership or usage agreement for a vacation property. A plat map is a detailed map showing the boundary lines and features of a property, but it does not contain the necessary information for a buyer to make an informed decision about purchasing the property. Therefore, options A, B, and C are incorrect choices for this question.