Florida Real Estate Practice Exam

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Prepare for the Florida Real Estate Exam. Utilize interactive flashcards and multiple-choice questions to enhance your understanding. Get equipped for your test day with tailored practice materials and detailed explanations!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Who is considered the mortgagee in a mortgage?

Borrower
Lender
Loan
Property

The correct answer is: Lender

Correct! The mortgagee in a mortgage is the lender. This is because the mortgagee is the party that is lending money to the borrower, who is also known as the mortgagor. Option A, the borrower, is incorrect because they are the party receiving the loan, not the one giving it. Option C, loan, is incorrect because that is the agreement between the borrower and lender, not a party involved in the mortgage. Option D, property, is incorrect because while the property is the collateral for the loan, it is not a party involved in the mortgage agreement.