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!

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Which of the following could an investor who sells an apartment house buy using a 1031 exchange?

  1. Duplex, office building, or warehouse

  2. Duplex only

  3. Office building only

  4. Warehouse or office building only

The correct answer is: Duplex, office building, or warehouse

An investor selling an apartment house can buy any of the properties listed in option A - duplex, office building, or warehouse. Option B, duplex only, is too narrow as it only includes one type of property. Option C and D are incorrect because they both limit the options to one or two specific property types, while option A provides a wider range of choices for the investor to purchase using a 1031 exchange.

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