Exotic cats are cool. They're a cross breed of a Persian (beautiful, docile, dumb as a brick) and probably a British Shorthair (beautiful, friendly, slighly smarter than a brick). The result is the most awesomist cat you can get. I have two myself and they're fantastic companions.
I don't agree with other posters who say they should never be allowed outside. Whilst they may be quite content with staying indoors (some cats actually prefer it) it's not natural and they may pine for the great outdoors. Mine would certainly be climbing the curtains if I didn't let them out every day.
I let mine out when I'm home and they can disappear for hours at a time. The first few times they did this I would go out looking for them, calling their names for an hour or more, only to return home to find them by their bowls, scowling at me for not being there to feed them on time.
One thing you should bear in mind is that Exotics have a reputation for being fearless. They won't fear other cats or people, making them very sociable, but there's the possibility that they also won't think twice about charging at an oncoming vehicle to see which one comes out the victor. However, to say all Exotics have the same personality traits is simply a lazy characterisation. All cats of all breeds will have their own personality and won't necessarily conform to their breed's profile. I think it's best that they are introduced to the world slowly, and under constant supervision and they will soon learn not to try to take on a car. In fact they will learn a lot over their years. My Humphrey has learned that I never get up before my alarm clock sounds, not even a second before, so he will sit on my bedside table and paw at the alarm clock, trying to set it off. He has yet to be successful.
As other posters have said, you don't own the cat; He owns you and everything you possess. When He moved in you effectively signed the deeds to your house over to Him. He will feign affection for food and treats but don't let Him fool you into thinking He genuinely likes you. At best He tolerates you.
I would strongly advise you to get a scatching post. In fact get two or three. If He feels the urge to scratch He will probably use whatever's closest, be it a scratching post, furniture, curtains or your leg. This is His right, as all of these things belong to Him. You may try to discourage this behaviour by shouting or clapping loudly to startle Him, but this will teach Him only to scratch His furniture when you're not at home.
He will bring you the dismembered bodies of mice, shrews, birds and slow worms as an occasional reminder that beneath His soft, cuddly exterior, He is, at heart, a killer. Sometimes He will cough up a fur ball as a sign of His disgust. If He thinks you aren't getting the message He will throw Himself under your feet as you descend the stairs. He isn't try to kill you, merely to remind you who is in charge.
If you shower Him with love and affection (and treats) He will reward you with His presence for many years. If He should feel neglected He may release you from your duties and He will move away to enslave new humans.
Enjoy and cherish your new keeper. He will be a great addition to the family, but don't be surpised if you wake up in the middle of the night to find Him draped across your face. He might just find it a comfortable position. On the other hand He might be trying to thin his herd.