FLORIDA REAL ESTATE SALES ASSOCIATE EXAMINATION – QUESTIONS AND
ANSWERS | VERIFIED AND WELL DETAILED ANSWERS | PLUS RATIONALES |
GUARANTEED PASS | LATEST EXAM UPDATE
Core Domains
Real Estate License Law and Commission Rules
Real Estate Brokerage Operations and Agency Law
Valuation, Market Analysis, and Appraising
Real Estate Finance and Mortgages
Real Estate Math and Closing Calculations
Real Estate Contracts and Disclosures
Property Rights, Estates, and Tenancies
Real Estate Marketing and Fair Housing Laws
Introduction
The Florida Real Estate Sales Associate Examination serves as the definitive legal and
professional benchmark for candidates seeking licensure to practice real estate within the
state. This rigorous assessment evaluates comprehensive knowledge of foundational
property theory, state licensing statutes, agency relationships, financial calculations, and
ethical standards mandated by regulatory authorities. Featuring both direct multiple-choice
questions and complex, real-world application scenarios, the examination tests critical
,thinking, analytical competence, and practical decision-making skills. Successfully passing
this assessment demonstrates an applicant's readiness to protect consumer interests,
navigate legal complexities, and execute professional real estate transactions competently.
Question 1
A real estate licensee operating under a transaction broker relationship fails to disclose
known material defects that affect the value of residential property to a potential buyer.
Which Florida statute or rule governing real estate practice has been primarily violated?
A. Chapter 475, Florida Statutes
B. Chapter 120, Florida Statutes
C. Chapter 61J2, Florida Administrative Code
D. Chapter 718, Florida Statutes
🟢 A. Chapter 475, Florida Statutes
🔴 Explanation: Chapter 475, Florida Statutes, is the foundational legal framework that
governs real estate brokers, sales associates, and schools in Florida, including the
statutory obligation to disclose all known material facts that affect the value of residential
property.
Question 2
Under Florida law, an unlicensed personal assistant employed by a licensed sales
associate is strictly prohibited from performing which of the following activities?
,A. Assembling documents for closing
B. Hosting a public open house alone
C. Computing commission checks
D. Placing classified advertising approved by the licensee
🟢 B. Hosting a public open house alone
🔴 Explanation: Unlicensed assistants are restricted from performing tasks that require
real estate expertise or negotiation, such as hosting open houses, showing property, or
discussing contract terms with prospective buyers or sellers.
Question 3
What is the maximum administrative fine that the Florida Real Estate Commission (FREC)
is authorized to impose for a single violation of Chapter 475, Florida Statutes, or Florida
Administrative Code Chapter 61J2?
A. $1,000 per violation
B. $2,500 per violation
C. $5,000 per violation
D. $10,000 per violation
🟢 C. $5,000 per violation
🔴 Explanation: The Florida Real Estate Commission possesses the statutory authority
under Chapter 475 to impose administrative fines of up to five thousand dollars ($5,000)
for each individual count or separate violation of Chapter 475 or Chapter 61J2.
, Question 4
A sales associate decides to relocate her brokerage office and fails to notify the Florida
Real Estate Commission of the change of address within the legally mandated timeframe.
What is the administrative status of her real estate license?
A. Revoked permanently
B. Involuntary inactive
C. Ceased to be effective
D. Voluntarily inactive
🟢 C. Ceased to be effective
🔴 Explanation: Under Florida law, failing to notify the Commission of a change of
business address within the prescribed period causes the license to cease to be effective,
rendering it illegal to practice real estate until the proper notification is completed.
Question 5
When a broker receives conflicting demands from a buyer and a seller regarding an
earnest money deposit held in an escrow account, how many days does the broker have
to institute one of the statutory settlement procedures?
A. 15 business days
B. 30 calendar days
C. 10 business days
D. 30 business days
ANSWERS | VERIFIED AND WELL DETAILED ANSWERS | PLUS RATIONALES |
GUARANTEED PASS | LATEST EXAM UPDATE
Core Domains
Real Estate License Law and Commission Rules
Real Estate Brokerage Operations and Agency Law
Valuation, Market Analysis, and Appraising
Real Estate Finance and Mortgages
Real Estate Math and Closing Calculations
Real Estate Contracts and Disclosures
Property Rights, Estates, and Tenancies
Real Estate Marketing and Fair Housing Laws
Introduction
The Florida Real Estate Sales Associate Examination serves as the definitive legal and
professional benchmark for candidates seeking licensure to practice real estate within the
state. This rigorous assessment evaluates comprehensive knowledge of foundational
property theory, state licensing statutes, agency relationships, financial calculations, and
ethical standards mandated by regulatory authorities. Featuring both direct multiple-choice
questions and complex, real-world application scenarios, the examination tests critical
,thinking, analytical competence, and practical decision-making skills. Successfully passing
this assessment demonstrates an applicant's readiness to protect consumer interests,
navigate legal complexities, and execute professional real estate transactions competently.
Question 1
A real estate licensee operating under a transaction broker relationship fails to disclose
known material defects that affect the value of residential property to a potential buyer.
Which Florida statute or rule governing real estate practice has been primarily violated?
A. Chapter 475, Florida Statutes
B. Chapter 120, Florida Statutes
C. Chapter 61J2, Florida Administrative Code
D. Chapter 718, Florida Statutes
🟢 A. Chapter 475, Florida Statutes
🔴 Explanation: Chapter 475, Florida Statutes, is the foundational legal framework that
governs real estate brokers, sales associates, and schools in Florida, including the
statutory obligation to disclose all known material facts that affect the value of residential
property.
Question 2
Under Florida law, an unlicensed personal assistant employed by a licensed sales
associate is strictly prohibited from performing which of the following activities?
,A. Assembling documents for closing
B. Hosting a public open house alone
C. Computing commission checks
D. Placing classified advertising approved by the licensee
🟢 B. Hosting a public open house alone
🔴 Explanation: Unlicensed assistants are restricted from performing tasks that require
real estate expertise or negotiation, such as hosting open houses, showing property, or
discussing contract terms with prospective buyers or sellers.
Question 3
What is the maximum administrative fine that the Florida Real Estate Commission (FREC)
is authorized to impose for a single violation of Chapter 475, Florida Statutes, or Florida
Administrative Code Chapter 61J2?
A. $1,000 per violation
B. $2,500 per violation
C. $5,000 per violation
D. $10,000 per violation
🟢 C. $5,000 per violation
🔴 Explanation: The Florida Real Estate Commission possesses the statutory authority
under Chapter 475 to impose administrative fines of up to five thousand dollars ($5,000)
for each individual count or separate violation of Chapter 475 or Chapter 61J2.
, Question 4
A sales associate decides to relocate her brokerage office and fails to notify the Florida
Real Estate Commission of the change of address within the legally mandated timeframe.
What is the administrative status of her real estate license?
A. Revoked permanently
B. Involuntary inactive
C. Ceased to be effective
D. Voluntarily inactive
🟢 C. Ceased to be effective
🔴 Explanation: Under Florida law, failing to notify the Commission of a change of
business address within the prescribed period causes the license to cease to be effective,
rendering it illegal to practice real estate until the proper notification is completed.
Question 5
When a broker receives conflicting demands from a buyer and a seller regarding an
earnest money deposit held in an escrow account, how many days does the broker have
to institute one of the statutory settlement procedures?
A. 15 business days
B. 30 calendar days
C. 10 business days
D. 30 business days
