Florida Real Estate Practice Exam

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What does recordation ensure in a property transaction?

The buyer's ownership is protected
The interest rate of the mortgage
The property's zoning classification
The buyer's creditworthiness

The correct answer is: The buyer's ownership is protected

Recordation ensures that the buyer's ownership in a property is protected. This means that the public record will reflect the buyer's legal ownership of the property, providing evidence that they are the rightful owner. The other options are incorrect because B: The interest rate of the mortgage may be affected by various factors, but it is not directly related to recordation. C: The property's zoning classification is important, but it is not affected by recordation. Zoning classification refers to the designated use of the property by local government. D: The buyer's creditworthiness is also not affected by recordation. It is a measure of their ability to repay a loan and is determined by factors such as credit score, income, and existing debts. Recordation does not impact these factors.