REAL ESTATE LICENSING
ms ms
Exam Solution ms
Florida Real Estate Exam (Latest Update / ) Questionsms ms ms ms ms ms ms ms ms
& Answers 100% Correct Grade A 2026 A+ GRADE ASS
ms ms ms ms ms ms ms ms ms
URED COMPLETE SOLUTIONS AND VERIFIED ANSWERS
ms ms ms ms ms
(77BEF)
ms
QUESTION 1 ms
If the Federal Reserve votes to lower the discount rate, how will this likely affect inter
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
est rates on short-term credit?
ms ms ms ms
ANSWER
[Section 13 Slide 36] They will likely decrease
ms ms ms ms ms ms ms
QUESTION 2 ms
A subject property has four bedrooms. A comparable property sold for $275,000 with
ms ms ms ms ms ms ms ms ms ms ms ms ms
only 3 bedrooms. The appraiser attributes a $5,000 to the 4th bedroom. How is the a
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
djustment made? ms
ANSWER
[Section 16 Slide 82] Plus $5,000 to the comparable
ms ms ms ms ms ms ms ms
QUESTION 3 ms
What are the similarities between a Business Brokerage and a Real Estate Brokerage?
ms ms ms ms ms ms ms ms ms ms ms ms m
1) Both deal with Real Property 2) Both require a Real Estate License 3) Both involve
s ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms m
Long-term Liabilities 4) All of the Above
s ms ms ms ms ms ms
ANSWER
All of the Above Question Feedback [Section 17 Slide 91]
ms ms ms ms ms ms ms ms ms
QUESTION 4 ms
,An agreement in which only one party promises to perform without receiving a recipr
ms ms ms ms ms ms ms ms ms ms ms ms ms
ocal promise to perform from the other party is called a
ms ms ms ms ms ms ms ms ms ms
ANSWER
Unilateral Contract Question Feedback [Section 11 Slide 49]
ms ms ms ms ms ms ms
QUESTION 5 ms
The period of time during which the terms of a contract may be enforced according to
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
the statute of limitations are
ms ms ms ms ms
ANSWER
Five years for written contracts and 4 years for parol contracts. Question Feedback [Section 11 Slide
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
27]
ms
QUESTION 6 ms
Buffer Zone is an area of land that:
ms ms ms ms ms ms ms
ANSWER
Separates different land use areas Question Feedback [Section 19 Slide 80]
ms ms ms ms ms ms ms ms ms ms
QUESTION 7 ms
What section is directly below section 7 in a township?
ms ms ms ms ms ms ms ms ms
ANSWER
18 Question Feedback [Section 10 Slide 54]
ms ms ms ms ms ms
QUESTION 8 ms
The Truth in Lending Act does not: 1) Make Bait and switch advertising regarding do
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
wn payment and interest rates a federal offense. 2) Inform borrowers of the true cost
ms ms ms ms ms ms ms ms ms ms ms ms ms ms m
of obtaining a loan. 3) Require that when a triggering term is used, other information
s ms ms ms ms ms ms ms ms ms ms ms ms ms ms m
has to be included in an ad. 4) Dictate to lenders how much interest rate to charge to
s ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
a borrower.
ms ms
ANSWER
Dictate to lenders how much interest rate to charge to a borrower. Question Feedback [Section 13, S
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
lide 203 & 205]
ms ms ms
QUESTION 9 ms
,A developer purchases 2 lots with 120 ft. frontage each and paid $120,000 total for b
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
oth lots. He divides these lots into 4 lots of 60 front feet each and sells them for $600
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms m
per front foot. What is the developer's percentage of profit?
s ms ms ms ms ms ms ms ms ms
ANSWER
[Section 14, Slide 32] 2 x 120 ft = 240 ; 240 feet of frontage x $600 = $144,000 Sale ; $144,000 -
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
$120,000 = $24,000 Profit; $24,000 Divide by $120,000 = 0.2 or 20%
ms ms ms ms ms ms ms ms ms ms ms ms
QUESTION 10 ms
Which township is located 2 tiers south and 3 ranges west of T1N R1W?
ms ms ms ms ms ms ms ms ms ms ms ms ms
ANSWER
T1S R4W Question Feedback [Section 10 Slide 50]
ms ms ms ms ms ms ms
QUESTION 11 ms
How many miles to one side of a township?
ms ms ms ms ms ms ms ms
ANSWER
The correct answer is #4 6 Question Feedback [Section 10 Slide 40]
ms ms ms ms ms ms ms ms ms ms ms
QUESTION 12 ms
The note contains which of the following? 1) Payment schedule, loan amount, interest
ms ms ms ms ms ms ms ms ms ms ms ms ms
rate 2) The property deed, utility information, setbacks 3) Building plans, blueprints,
ms ms ms ms ms ms ms ms ms ms ms ms
permits 4) Love notes from the builder
ms ms ms ms ms ms
ANSWER
The correct answer is #1 Payment schedule, loan amount, interest rate Question Feedback [Section 1
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
2 Slide 25]
ms ms
QUESTION 13 ms
What interest does a son hold in property, if the mother held a life estate inherited fr
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
om her spouse, with the son inheriting upon her death?
ms ms ms ms ms ms ms ms ms
ANSWER
Remainder estate Question Feedback [Section 8 Slide 82]
ms ms ms ms ms ms ms
QUESTION 14 ms
What are the elements of a valid contract?
ms ms ms ms ms ms ms
, ANSWER
Contractual capacity of the parties, offer and acceptance, legality of object, and consideration. Questio
ms ms ms ms ms ms ms ms ms ms ms ms ms
n Feedback [Section 11 Slide 34
ms ms ms ms ms
QUESTION 15 ms
Which matches the definition of a gross lease? 1) When the tenant pays fixed rent plu
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
s property costs such as taxes, insurance, and utilities. 2) When the tenant pays a fixe
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
d rent and the landlord pays the taxes, insurance and utilities. 3) When the tenant pa
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ys rent based on gross sales. 4) When the tenant pays a rent that can change in incre
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ments over time. ms ms
ANSWER
When the tenant pays a fixed rent and the landlord pays the taxes, insurance and utilities. Question
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
Feedback [Section 9 Slide 133] ms ms ms ms
QUESTION 16 ms
Geraldo contracted with Sue for Sue to buy his property. When Geraldo backed out of
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
the contract refusing to sell it to her for no valid reason, Sue took Geraldo to court. T
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
he judge ruled in Sue's favor. Sue's contract was 1) Enforceable 2) Unenforceable 3) V
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
oid 4) Voidable
ms ms
ANSWER
Enforceable Question Feedback [Section 11 Slide 22]
ms ms ms ms ms ms
QUESTION 17 ms
Which of the following documents may a real estate licensee complete? 1) Deed 2) Mo
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
rtgage 3) Promissory note 4) Buyer broker agreement
ms ms ms ms ms ms ms
ANSWER
Buyer broker agreement Question Feedback [Section 11 Slide 42
ms ms ms ms ms ms ms ms
QUESTION 18 ms
Clark paid $250 for a rental list in a competitive area. After several days of looking fo
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
r properties he realized that the list wasn't current at the time it was sold to him. He
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
requested a refund in writing. How much would he get back?
ms ms ms ms ms ms ms ms ms ms
ANSWER
$250.00 Question Feedback [Section 5 Slide 128]
ms ms ms ms ms ms
ms ms
Exam Solution ms
Florida Real Estate Exam (Latest Update / ) Questionsms ms ms ms ms ms ms ms ms
& Answers 100% Correct Grade A 2026 A+ GRADE ASS
ms ms ms ms ms ms ms ms ms
URED COMPLETE SOLUTIONS AND VERIFIED ANSWERS
ms ms ms ms ms
(77BEF)
ms
QUESTION 1 ms
If the Federal Reserve votes to lower the discount rate, how will this likely affect inter
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
est rates on short-term credit?
ms ms ms ms
ANSWER
[Section 13 Slide 36] They will likely decrease
ms ms ms ms ms ms ms
QUESTION 2 ms
A subject property has four bedrooms. A comparable property sold for $275,000 with
ms ms ms ms ms ms ms ms ms ms ms ms ms
only 3 bedrooms. The appraiser attributes a $5,000 to the 4th bedroom. How is the a
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
djustment made? ms
ANSWER
[Section 16 Slide 82] Plus $5,000 to the comparable
ms ms ms ms ms ms ms ms
QUESTION 3 ms
What are the similarities between a Business Brokerage and a Real Estate Brokerage?
ms ms ms ms ms ms ms ms ms ms ms ms m
1) Both deal with Real Property 2) Both require a Real Estate License 3) Both involve
s ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms m
Long-term Liabilities 4) All of the Above
s ms ms ms ms ms ms
ANSWER
All of the Above Question Feedback [Section 17 Slide 91]
ms ms ms ms ms ms ms ms ms
QUESTION 4 ms
,An agreement in which only one party promises to perform without receiving a recipr
ms ms ms ms ms ms ms ms ms ms ms ms ms
ocal promise to perform from the other party is called a
ms ms ms ms ms ms ms ms ms ms
ANSWER
Unilateral Contract Question Feedback [Section 11 Slide 49]
ms ms ms ms ms ms ms
QUESTION 5 ms
The period of time during which the terms of a contract may be enforced according to
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
the statute of limitations are
ms ms ms ms ms
ANSWER
Five years for written contracts and 4 years for parol contracts. Question Feedback [Section 11 Slide
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
27]
ms
QUESTION 6 ms
Buffer Zone is an area of land that:
ms ms ms ms ms ms ms
ANSWER
Separates different land use areas Question Feedback [Section 19 Slide 80]
ms ms ms ms ms ms ms ms ms ms
QUESTION 7 ms
What section is directly below section 7 in a township?
ms ms ms ms ms ms ms ms ms
ANSWER
18 Question Feedback [Section 10 Slide 54]
ms ms ms ms ms ms
QUESTION 8 ms
The Truth in Lending Act does not: 1) Make Bait and switch advertising regarding do
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
wn payment and interest rates a federal offense. 2) Inform borrowers of the true cost
ms ms ms ms ms ms ms ms ms ms ms ms ms ms m
of obtaining a loan. 3) Require that when a triggering term is used, other information
s ms ms ms ms ms ms ms ms ms ms ms ms ms ms m
has to be included in an ad. 4) Dictate to lenders how much interest rate to charge to
s ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
a borrower.
ms ms
ANSWER
Dictate to lenders how much interest rate to charge to a borrower. Question Feedback [Section 13, S
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
lide 203 & 205]
ms ms ms
QUESTION 9 ms
,A developer purchases 2 lots with 120 ft. frontage each and paid $120,000 total for b
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
oth lots. He divides these lots into 4 lots of 60 front feet each and sells them for $600
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms m
per front foot. What is the developer's percentage of profit?
s ms ms ms ms ms ms ms ms ms
ANSWER
[Section 14, Slide 32] 2 x 120 ft = 240 ; 240 feet of frontage x $600 = $144,000 Sale ; $144,000 -
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
$120,000 = $24,000 Profit; $24,000 Divide by $120,000 = 0.2 or 20%
ms ms ms ms ms ms ms ms ms ms ms ms
QUESTION 10 ms
Which township is located 2 tiers south and 3 ranges west of T1N R1W?
ms ms ms ms ms ms ms ms ms ms ms ms ms
ANSWER
T1S R4W Question Feedback [Section 10 Slide 50]
ms ms ms ms ms ms ms
QUESTION 11 ms
How many miles to one side of a township?
ms ms ms ms ms ms ms ms
ANSWER
The correct answer is #4 6 Question Feedback [Section 10 Slide 40]
ms ms ms ms ms ms ms ms ms ms ms
QUESTION 12 ms
The note contains which of the following? 1) Payment schedule, loan amount, interest
ms ms ms ms ms ms ms ms ms ms ms ms ms
rate 2) The property deed, utility information, setbacks 3) Building plans, blueprints,
ms ms ms ms ms ms ms ms ms ms ms ms
permits 4) Love notes from the builder
ms ms ms ms ms ms
ANSWER
The correct answer is #1 Payment schedule, loan amount, interest rate Question Feedback [Section 1
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
2 Slide 25]
ms ms
QUESTION 13 ms
What interest does a son hold in property, if the mother held a life estate inherited fr
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
om her spouse, with the son inheriting upon her death?
ms ms ms ms ms ms ms ms ms
ANSWER
Remainder estate Question Feedback [Section 8 Slide 82]
ms ms ms ms ms ms ms
QUESTION 14 ms
What are the elements of a valid contract?
ms ms ms ms ms ms ms
, ANSWER
Contractual capacity of the parties, offer and acceptance, legality of object, and consideration. Questio
ms ms ms ms ms ms ms ms ms ms ms ms ms
n Feedback [Section 11 Slide 34
ms ms ms ms ms
QUESTION 15 ms
Which matches the definition of a gross lease? 1) When the tenant pays fixed rent plu
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
s property costs such as taxes, insurance, and utilities. 2) When the tenant pays a fixe
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
d rent and the landlord pays the taxes, insurance and utilities. 3) When the tenant pa
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ys rent based on gross sales. 4) When the tenant pays a rent that can change in incre
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
ments over time. ms ms
ANSWER
When the tenant pays a fixed rent and the landlord pays the taxes, insurance and utilities. Question
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
Feedback [Section 9 Slide 133] ms ms ms ms
QUESTION 16 ms
Geraldo contracted with Sue for Sue to buy his property. When Geraldo backed out of
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
the contract refusing to sell it to her for no valid reason, Sue took Geraldo to court. T
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
he judge ruled in Sue's favor. Sue's contract was 1) Enforceable 2) Unenforceable 3) V
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
oid 4) Voidable
ms ms
ANSWER
Enforceable Question Feedback [Section 11 Slide 22]
ms ms ms ms ms ms
QUESTION 17 ms
Which of the following documents may a real estate licensee complete? 1) Deed 2) Mo
ms ms ms ms ms ms ms ms ms ms ms ms ms ms
rtgage 3) Promissory note 4) Buyer broker agreement
ms ms ms ms ms ms ms
ANSWER
Buyer broker agreement Question Feedback [Section 11 Slide 42
ms ms ms ms ms ms ms ms
QUESTION 18 ms
Clark paid $250 for a rental list in a competitive area. After several days of looking fo
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
r properties he realized that the list wasn't current at the time it was sold to him. He
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
requested a refund in writing. How much would he get back?
ms ms ms ms ms ms ms ms ms ms
ANSWER
$250.00 Question Feedback [Section 5 Slide 128]
ms ms ms ms ms ms
