REAL ESTATE LICENSING
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Exam Solution
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Florida Real Estate STATE exam 2026 A+ GRADE ASSUms ms ms ms ms ms ms ms
RED COMPLETE SOLUTIONS AND VERIFIED ANSWERS (
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A9DEC)
QUESTION 1 ms
The best protection that the public has during a Real Estate transaction is (are)
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A. The national and state association of REALTORS
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B. The punishment of licensees dealing dishonesty
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C. the high ethical standards of real estate agents
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D. FREC and the license law
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ANSWER
D. FREC and the license law
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QUESTION 2 ms
A group license
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A. allows a broker to have a branch office
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B. allows a sales associate to work for more than one broker
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C. may be held by a sale associate or broker associate D.allows a broker to qualify mo
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re than one broker firm
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ANSWER
C. may be held by a sale associate or broker
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QUESTION 3 ms
The following are exempt from F.S. 475 EXCEPT
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A. Trustees for an estate
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B. Personal representatives for an estate
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C. Mortgage brokers engaged in financing activities.
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D. Business Brokers
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ANSWER
,D. Business Brokers
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QUESTION 4 ms
General Partners in a brokerage partnership that are not qualified to perform the ser
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vices of real estate must be registered as for what?
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ANSWER
For Identification Purposes
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QUESTION 5 ms
Which brokerage disclosure notice must be signed or initialed by the buyer or seller
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before implementation? ms
ANSWER
Transition to Transaction ms ms
QUESTION 6 ms
When a seller is about to enter a fiduciary relationship with a brokerage firm what m
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ust be given?
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ANSWER
Single Agency Notice ms ms
QUESTION 7 ms
A broker owes which duty to a customer? What should he disclose?
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ANSWER
Known Facts affecting the value of the residential property
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QUESTION 8 ms
Sale associate works for a broker and receives an escrow deposit when should he deli
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ver it? ms
ANSWER
To his broker immediately (next business day)
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QUESTION 9 ms
, Listings obtained by a sales associate become property of whom?
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ANSWER
Employing broker ms
QUESTION 10 ms
Jim failed his state exam twice and believes some of the questions that he answered
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were indeed correct. He can write a written obligation for consideration for the questi
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ons to whom?
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ANSWER
FREC Validation Committee
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QUESTION 11 ms
Which Florida law prohibits a lender from refinancing a loan to the same borrower wi
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thin the first 18 months of making a loan, if doing so does NOT reasonably benefit the
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borrower
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ANSWER
Florida Fair Lending Act
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QUESTION 12 ms
When there is a dispute over escrow funds, the procedures include four choices. Whic
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h choice involves a third person recommending a solution?
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A. Arbitration
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B. Mediation
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C. Litigation
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D. Escrow Disbursement Order
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ANSWER
B. Mediation
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QUESTION 13 ms
What is a step that follows the investigation in complaint process
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ANSWER
Formal Hearing ms
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Exam Solution
ms
Florida Real Estate STATE exam 2026 A+ GRADE ASSUms ms ms ms ms ms ms ms
RED COMPLETE SOLUTIONS AND VERIFIED ANSWERS (
ms ms ms ms ms ms
A9DEC)
QUESTION 1 ms
The best protection that the public has during a Real Estate transaction is (are)
ms ms ms ms ms ms ms ms ms ms ms ms ms
A. The national and state association of REALTORS
ms ms ms ms ms ms ms
B. The punishment of licensees dealing dishonesty
ms ms ms ms ms ms
C. the high ethical standards of real estate agents
ms ms ms ms ms ms ms ms
D. FREC and the license law
ms ms ms ms ms
ANSWER
D. FREC and the license law
ms ms ms ms ms
QUESTION 2 ms
A group license
ms ms
A. allows a broker to have a branch office
ms ms ms ms ms ms ms ms
B. allows a sales associate to work for more than one broker
ms ms ms ms ms ms ms ms ms ms ms
C. may be held by a sale associate or broker associate D.allows a broker to qualify mo
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
re than one broker firm
ms ms ms ms
ANSWER
C. may be held by a sale associate or broker
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QUESTION 3 ms
The following are exempt from F.S. 475 EXCEPT
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A. Trustees for an estate
ms ms ms ms
B. Personal representatives for an estate
ms ms ms ms ms
C. Mortgage brokers engaged in financing activities.
ms ms ms ms ms ms
D. Business Brokers
ms ms
ANSWER
,D. Business Brokers
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QUESTION 4 ms
General Partners in a brokerage partnership that are not qualified to perform the ser
ms ms ms ms ms ms ms ms ms ms ms ms ms
vices of real estate must be registered as for what?
ms ms ms ms ms ms ms ms ms
ANSWER
For Identification Purposes
ms ms
QUESTION 5 ms
Which brokerage disclosure notice must be signed or initialed by the buyer or seller
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
before implementation? ms
ANSWER
Transition to Transaction ms ms
QUESTION 6 ms
When a seller is about to enter a fiduciary relationship with a brokerage firm what m
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ust be given?
ms ms
ANSWER
Single Agency Notice ms ms
QUESTION 7 ms
A broker owes which duty to a customer? What should he disclose?
ms ms ms ms ms ms ms ms ms ms ms
ANSWER
Known Facts affecting the value of the residential property
ms ms ms ms ms ms ms ms
QUESTION 8 ms
Sale associate works for a broker and receives an escrow deposit when should he deli
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ver it? ms
ANSWER
To his broker immediately (next business day)
ms ms ms ms ms ms
QUESTION 9 ms
, Listings obtained by a sales associate become property of whom?
ms ms ms ms ms ms ms ms ms
ANSWER
Employing broker ms
QUESTION 10 ms
Jim failed his state exam twice and believes some of the questions that he answered
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
were indeed correct. He can write a written obligation for consideration for the questi
ms ms ms ms ms ms ms ms ms ms ms ms ms
ons to whom?
ms ms
ANSWER
FREC Validation Committee
ms ms
QUESTION 11 ms
Which Florida law prohibits a lender from refinancing a loan to the same borrower wi
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
thin the first 18 months of making a loan, if doing so does NOT reasonably benefit the
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
borrower
ms
ANSWER
Florida Fair Lending Act
ms ms ms
QUESTION 12 ms
When there is a dispute over escrow funds, the procedures include four choices. Whic
ms ms ms ms ms ms ms ms ms ms ms ms ms
h choice involves a third person recommending a solution?
ms ms ms ms ms ms ms ms
A. Arbitration
ms
B. Mediation
ms
C. Litigation
ms
D. Escrow Disbursement Order
ms ms ms
ANSWER
B. Mediation
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QUESTION 13 ms
What is a step that follows the investigation in complaint process
ms ms ms ms ms ms ms ms ms ms
ANSWER
Formal Hearing ms