Florida Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Start Multiple Choice Practice Test
Start Flash Cards

Practice this question and more.

What type of foreclosure is commonly used when a deed of trust is the security instrument?

  1. Eviction

  2. Judicial

  3. Non-judicial

  4. Strict

The correct answer is: Non-judicial

Non-judicial foreclosure is commonly used when a deed of trust is the security instrument. This means that the lender can foreclose on the property without having to go through the court process. This is different from judicial foreclosure, where the lender would have to go to court to get a foreclosure order. Eviction and strict foreclosure are not commonly used with a deed of trust, while judicial foreclosure typically involves mortgages as the security instrument.

More Questions Like This