Florida Real Estate Exam (Florida) – Complete Study Guide
& Practice Test PDF
Introduction
This study guide contains comprehensive practice questions
and answers for the Florida Real Estate Exam, covering
licensing requirements, brokerage relationships, agency law,
contracts, property ownership, financing, appraisal, fair
housing, mortgages, closing procedures, and state real estate
regulations. It is designed as a complete exam preparation
resource with question-and-answer format to reinforce key
concepts and frequently tested topics. The material also
includes definitions, legal principles, and practical scenarios
commonly found on the Florida real estate licensing exam.
Exam Questions and Answers
A sales associate failed to complete required postlicense
education prior to expiration of the license period. What is the
status of license?
a. active
b. voluntary inactive
c. involuntary inactive
d. null and void --- correct precise answer ---d. null and void
one or more sales associates, each titled "designated sale
associate' may be designated to act as agents for the seller,
,and one or more may be designated to act as agents of the
_________ --- correct precise answer ---buyer
What federal law that makes illegal the discussion or
establishment of a uniform price or fee for services in any
industry? No fixed fees --- correct precise answer ---Sherman-
Clayton Anti-trust Act
Your allowed Compensation from your Broker True or False ---
correct precise answer ---True
You can not sue a buyer or seller only your broker? True or
False --- correct precise answer ---True
A sales associate is a _________ of the brokers's principal. ---
correct precise answer ---SubAgent
Before showing a property, allowing a buyer to sign an offer
to buy or seller to sign a leasing agreement, a licensee must
provide the party with a written ________ _________ _______
notice. --- correct precise answer ---Broker Relationship Form
A member of the public may select from one of 3 options when
working with a broker, which are? --- correct precise answer
---1. Transaction broker
2. Single Agency
3. No Brokerage relationship
, The only brokerage that includes fiduciary duties is the
__________ __________. --- correct precise answer ---Single
Agency
A licensee assigned by a broker to act as a single agent of a
buyer or seller in a nonresidential transaction is titled a
________ _________ ________. --- correct precise answer ---
Designated Sales Associate
Brokers in a nonresidential sale are not required to use
_________ _________. --- correct precise answer ---Written
disclosure
Which relationship is not adversarial?
a. arms length
b. buyer beware
c. caveat emptor
d. fiduciary --- correct precise answer ---d. fiduciary
The signature or initials of a party is required by the
Brokerage Relationship Disclosure Act on which Form?
a. Single Agency Disclosure
b. Transaction Broker Disclosure
c. Consent to Transition to Transaction Broker
d. Important Information Disclosure --- correct precise
answer ---c. Consent to Transition to Transaction Broker
& Practice Test PDF
Introduction
This study guide contains comprehensive practice questions
and answers for the Florida Real Estate Exam, covering
licensing requirements, brokerage relationships, agency law,
contracts, property ownership, financing, appraisal, fair
housing, mortgages, closing procedures, and state real estate
regulations. It is designed as a complete exam preparation
resource with question-and-answer format to reinforce key
concepts and frequently tested topics. The material also
includes definitions, legal principles, and practical scenarios
commonly found on the Florida real estate licensing exam.
Exam Questions and Answers
A sales associate failed to complete required postlicense
education prior to expiration of the license period. What is the
status of license?
a. active
b. voluntary inactive
c. involuntary inactive
d. null and void --- correct precise answer ---d. null and void
one or more sales associates, each titled "designated sale
associate' may be designated to act as agents for the seller,
,and one or more may be designated to act as agents of the
_________ --- correct precise answer ---buyer
What federal law that makes illegal the discussion or
establishment of a uniform price or fee for services in any
industry? No fixed fees --- correct precise answer ---Sherman-
Clayton Anti-trust Act
Your allowed Compensation from your Broker True or False ---
correct precise answer ---True
You can not sue a buyer or seller only your broker? True or
False --- correct precise answer ---True
A sales associate is a _________ of the brokers's principal. ---
correct precise answer ---SubAgent
Before showing a property, allowing a buyer to sign an offer
to buy or seller to sign a leasing agreement, a licensee must
provide the party with a written ________ _________ _______
notice. --- correct precise answer ---Broker Relationship Form
A member of the public may select from one of 3 options when
working with a broker, which are? --- correct precise answer
---1. Transaction broker
2. Single Agency
3. No Brokerage relationship
, The only brokerage that includes fiduciary duties is the
__________ __________. --- correct precise answer ---Single
Agency
A licensee assigned by a broker to act as a single agent of a
buyer or seller in a nonresidential transaction is titled a
________ _________ ________. --- correct precise answer ---
Designated Sales Associate
Brokers in a nonresidential sale are not required to use
_________ _________. --- correct precise answer ---Written
disclosure
Which relationship is not adversarial?
a. arms length
b. buyer beware
c. caveat emptor
d. fiduciary --- correct precise answer ---d. fiduciary
The signature or initials of a party is required by the
Brokerage Relationship Disclosure Act on which Form?
a. Single Agency Disclosure
b. Transaction Broker Disclosure
c. Consent to Transition to Transaction Broker
d. Important Information Disclosure --- correct precise
answer ---c. Consent to Transition to Transaction Broker
