Florida real estate practice exam 2023.

You are appraising a 5 year old home. If the livable square footage is 3,500 with a cost of $95 to replace according to a cost-estimating service and the 400 square foot garage can be replaced at $60 a sq foot, calculate the reproduction cost of the structure. $356,500. [Section 16 Slide 89] 95 x 3,500 = $332,500;

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An easement acquired by continuous, open, and hostile use of the property for 20 years or more. Easement by necessity. An easement allowed by law as necessary for the full enjoyment of a parcel of real estate; for example, a right of ingress and egress over a grantor's land. Easement in gross. utility easement.

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