[FL REAL ESTATE LAWS & RULES PRACTICE EXAM (09 FL-E)]
COMPLETE EXAM QUESTIONS AND VERIFIED ANSWERS |
2026–2027 LATEST UPDATE | GUARANTEED PASS | DETAILED
RATIONALES | FULL STUDY GUIDE | EXAM PREP | PRACTICE
TEST | CERTIFICATION PREPARATION
1. Which Florida law primarily regulates the licensing and conduct of real estate
professionals?
A. Chapter 475, Florida Statutes
B. Chapter 83, Florida Statutes
C. Chapter 720, Florida Statutes
D. Chapter 61, Florida Statutes
Correct Answer: A. Chapter 475, Florida Statutes
Rationale: Chapter 475 governs real estate licensing, regulation, and disciplinary standards in
Florida. The other chapters address landlord-tenant matters, homeowners' associations, and
family law.
2. A sales associate receives an active license for the first time. Under Florida law, the licensee
must complete post-licensing education within what period?
A. 6 months
B. 12 months
C. 18 months
D. 24 months
Correct Answer: C. 18 months
Rationale: Florida requires newly licensed sales associates to complete post-licensing education
before the initial renewal date, generally within 18 to 24 months depending on the cycle.
Eighteen months is the commonly tested requirement.
3. Which entity has the authority to issue real estate licenses in Florida?
A. Florida Legislature
B. Florida Real Estate Commission
C. Department of Revenue
D. Local licensing boards
Correct Answer: B. Florida Real Estate Commission
,Rationale: The Florida Real Estate Commission (FREC) exercises regulatory authority over
licensing and discipline. Other entities do not issue real estate licenses.
4. A broker receives earnest money on Monday. By when must the broker deposit the funds
into the appropriate escrow account unless otherwise authorized?
A. End of business Monday
B. Within 1 business day
C. Within 3 business days
D. Within 5 business days
Correct Answer: C. Within 3 business days
Rationale: Florida escrow rules generally require deposit of escrow funds no later than the end
of the third business day following receipt.
5. Which relationship requires full fiduciary duties to a principal?
A. Transaction broker
B. Single agent
C. Facilitator
D. Customer representative
Correct Answer: B. Single agent
Rationale: A single agent owes loyalty, confidentiality, obedience, accounting, full disclosure,
and skill. Transaction brokers provide limited representation.
6. A broker advertises a property but intentionally omits a known defect that materially
affects value. This action is most likely:
A. Acceptable marketing
B. Puffing
C. Fraudulent concealment
D. Competitive advertising
Correct Answer: C. Fraudulent concealment
Rationale: Intentionally hiding a known material defect can constitute fraud and violate
professional duties.
7. Which type of listing gives one broker the exclusive right to earn compensation regardless
of who procures the buyer?
A. Open listing
B. Net listing
, C. Exclusive agency listing
D. Exclusive right of sale listing
Correct Answer: D. Exclusive right of sale listing
Rationale: Under an exclusive right of sale listing, the broker is entitled to compensation
regardless of who finds the buyer.
8. A property owner sells a home without broker assistance during an exclusive agency listing.
Who is entitled to compensation?
A. The listing broker
B. The buyer
C. No broker compensation is owed
D. Both brokers
Correct Answer: C. No broker compensation is owed
Rationale: In an exclusive agency listing, the owner retains the right to sell independently
without owing compensation.
9. Which legal description method is commonly used for irregular parcels of land?
A. Lot and block
B. Street address
C. ZIP code method
D. Metes and bounds
Correct Answer: D. Metes and bounds
Rationale: Metes and bounds descriptions identify boundaries using directions, distances, and
monuments.
10. Which form of ownership includes the right of survivorship between spouses in Florida?
A. Tenancy in common
B. Estate in severalty
C. Cooperative ownership
D. Tenancy by the entirety
Correct Answer: D. Tenancy by the entirety
Rationale: Tenancy by the entirety is a special form of ownership available to married couples
with survivorship rights.
11. A deed that provides the greatest warranty protection to a grantee is the:
A. Special warranty deed
COMPLETE EXAM QUESTIONS AND VERIFIED ANSWERS |
2026–2027 LATEST UPDATE | GUARANTEED PASS | DETAILED
RATIONALES | FULL STUDY GUIDE | EXAM PREP | PRACTICE
TEST | CERTIFICATION PREPARATION
1. Which Florida law primarily regulates the licensing and conduct of real estate
professionals?
A. Chapter 475, Florida Statutes
B. Chapter 83, Florida Statutes
C. Chapter 720, Florida Statutes
D. Chapter 61, Florida Statutes
Correct Answer: A. Chapter 475, Florida Statutes
Rationale: Chapter 475 governs real estate licensing, regulation, and disciplinary standards in
Florida. The other chapters address landlord-tenant matters, homeowners' associations, and
family law.
2. A sales associate receives an active license for the first time. Under Florida law, the licensee
must complete post-licensing education within what period?
A. 6 months
B. 12 months
C. 18 months
D. 24 months
Correct Answer: C. 18 months
Rationale: Florida requires newly licensed sales associates to complete post-licensing education
before the initial renewal date, generally within 18 to 24 months depending on the cycle.
Eighteen months is the commonly tested requirement.
3. Which entity has the authority to issue real estate licenses in Florida?
A. Florida Legislature
B. Florida Real Estate Commission
C. Department of Revenue
D. Local licensing boards
Correct Answer: B. Florida Real Estate Commission
,Rationale: The Florida Real Estate Commission (FREC) exercises regulatory authority over
licensing and discipline. Other entities do not issue real estate licenses.
4. A broker receives earnest money on Monday. By when must the broker deposit the funds
into the appropriate escrow account unless otherwise authorized?
A. End of business Monday
B. Within 1 business day
C. Within 3 business days
D. Within 5 business days
Correct Answer: C. Within 3 business days
Rationale: Florida escrow rules generally require deposit of escrow funds no later than the end
of the third business day following receipt.
5. Which relationship requires full fiduciary duties to a principal?
A. Transaction broker
B. Single agent
C. Facilitator
D. Customer representative
Correct Answer: B. Single agent
Rationale: A single agent owes loyalty, confidentiality, obedience, accounting, full disclosure,
and skill. Transaction brokers provide limited representation.
6. A broker advertises a property but intentionally omits a known defect that materially
affects value. This action is most likely:
A. Acceptable marketing
B. Puffing
C. Fraudulent concealment
D. Competitive advertising
Correct Answer: C. Fraudulent concealment
Rationale: Intentionally hiding a known material defect can constitute fraud and violate
professional duties.
7. Which type of listing gives one broker the exclusive right to earn compensation regardless
of who procures the buyer?
A. Open listing
B. Net listing
, C. Exclusive agency listing
D. Exclusive right of sale listing
Correct Answer: D. Exclusive right of sale listing
Rationale: Under an exclusive right of sale listing, the broker is entitled to compensation
regardless of who finds the buyer.
8. A property owner sells a home without broker assistance during an exclusive agency listing.
Who is entitled to compensation?
A. The listing broker
B. The buyer
C. No broker compensation is owed
D. Both brokers
Correct Answer: C. No broker compensation is owed
Rationale: In an exclusive agency listing, the owner retains the right to sell independently
without owing compensation.
9. Which legal description method is commonly used for irregular parcels of land?
A. Lot and block
B. Street address
C. ZIP code method
D. Metes and bounds
Correct Answer: D. Metes and bounds
Rationale: Metes and bounds descriptions identify boundaries using directions, distances, and
monuments.
10. Which form of ownership includes the right of survivorship between spouses in Florida?
A. Tenancy in common
B. Estate in severalty
C. Cooperative ownership
D. Tenancy by the entirety
Correct Answer: D. Tenancy by the entirety
Rationale: Tenancy by the entirety is a special form of ownership available to married couples
with survivorship rights.
11. A deed that provides the greatest warranty protection to a grantee is the:
A. Special warranty deed
