Florida Real Estate Practice Exam

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Test your proficiency for the Florida real estate exam with our comprehensive quiz. Gain confidence and ace your test with our expertly crafted questions.

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Who or what entity is considered the mortgagee?

Borrower
Lender
Loan
Property

The correct answer is: Lender

The mortgagee is the entity or person that lends money to the borrower for the purpose of purchasing a property. The borrower is the individual who receives the loan while the lender is the one who provides the loan. The loan itself refers to the agreed upon amount of money between the borrower and the lender. The property is the physical asset being purchased with the loan. Therefore, the best option for the mortgagee is B, the lender.