50 Most Asked Questions On
Florida Real Estate State Exam
Questions Verified and Provided
with Complete A+ Graded
Answers Latest Updated 2026
1. Which of the following describes leverage? b
a.Leverage is the same as cash flow.
b. Leverage is the use of borrowed funds to
purchase assets or to finance an
investment.
c. Leverage can only be positive.
d. Leverage is when an investor uses his equity to
finance an investment.
2.How is the binder deposit shown on the Closing c
Disclosure Form?
a.Credit to the buyer, debit to the seller
b.Credit to the seller
c. Credit to the buyer
d. Debit to the buyer, credit to the seller
3.What is the status of a sales associates' license d
if he/she does not complete the required post
licensing education prior to his/her first renewal
cycle?
a.Involuntary inactive
b. Void and inactive
c. Suspended
d. Null and void
4.Which of the following is not true concerning d
kickbacks.
a.Not all kickbacks are illegal.
b.A real estate licensee may not be paid a fee
for referring buyers to a title company.
c. Kickbacks cannot violate RESPA (Real
Estate Settlement Procedures Act).
d.All kickbacks are illegal.
5.When a lender declares all the unpaid c
balance due and payable as a result of default,
the lender is exercising which clause in a
mortgage?
a.Due-on-sale clause
b. Escape clause
c.Acceleration clause
d. Estoppel clause
, 6.Which mortgage clause allows the a
mortgagee the right to demand the outstanding
loan balance plus accrued interest in the event
that the
borrower sells or transfer any interest in
the property without the lenders prior
written consent?
a.Due-on-sale Clause
b. Escape clause
c.Acceleration clause
d. Estoppel clause
7.Which of the following statements concerning a
market value is true?
a.Market value is the most probable price a
property should bring in a competitive and open
market under all conditions, requisite to a fair sale
under certain guidelines published by Fannie Mae
and Freddie Mac.
b. Market value is the same as price.
c. Market value is the value an investor
would typically pay.
d. Market value is the same as the cost of
the property.
8.William, who holds title in fee simple of a c
35-acre property, deeds the land to Robert
until
Robert dies. At that time, Tonya is to receive title to
the land. Which statement is true concerning this
situation?
a.William has a life estate and Robert has
a remainder estate
b.William and Robert have life estates
c. Robert has a life estate and Tonya has
a remainder estate
d. William has a life estate
9. If the subject property has three bedrooms and b
the comparable property has two bedrooms, and
a bedroom is worth $10,000, the correct
adjustment is to
a.add $10,000 to the subject value.
b.add $10,000 to the comparable value.
c. subtract $10,000 from the subject value.
d. subtract $10,000 from the comparable value
Florida Real Estate State Exam
Questions Verified and Provided
with Complete A+ Graded
Answers Latest Updated 2026
1. Which of the following describes leverage? b
a.Leverage is the same as cash flow.
b. Leverage is the use of borrowed funds to
purchase assets or to finance an
investment.
c. Leverage can only be positive.
d. Leverage is when an investor uses his equity to
finance an investment.
2.How is the binder deposit shown on the Closing c
Disclosure Form?
a.Credit to the buyer, debit to the seller
b.Credit to the seller
c. Credit to the buyer
d. Debit to the buyer, credit to the seller
3.What is the status of a sales associates' license d
if he/she does not complete the required post
licensing education prior to his/her first renewal
cycle?
a.Involuntary inactive
b. Void and inactive
c. Suspended
d. Null and void
4.Which of the following is not true concerning d
kickbacks.
a.Not all kickbacks are illegal.
b.A real estate licensee may not be paid a fee
for referring buyers to a title company.
c. Kickbacks cannot violate RESPA (Real
Estate Settlement Procedures Act).
d.All kickbacks are illegal.
5.When a lender declares all the unpaid c
balance due and payable as a result of default,
the lender is exercising which clause in a
mortgage?
a.Due-on-sale clause
b. Escape clause
c.Acceleration clause
d. Estoppel clause
, 6.Which mortgage clause allows the a
mortgagee the right to demand the outstanding
loan balance plus accrued interest in the event
that the
borrower sells or transfer any interest in
the property without the lenders prior
written consent?
a.Due-on-sale Clause
b. Escape clause
c.Acceleration clause
d. Estoppel clause
7.Which of the following statements concerning a
market value is true?
a.Market value is the most probable price a
property should bring in a competitive and open
market under all conditions, requisite to a fair sale
under certain guidelines published by Fannie Mae
and Freddie Mac.
b. Market value is the same as price.
c. Market value is the value an investor
would typically pay.
d. Market value is the same as the cost of
the property.
8.William, who holds title in fee simple of a c
35-acre property, deeds the land to Robert
until
Robert dies. At that time, Tonya is to receive title to
the land. Which statement is true concerning this
situation?
a.William has a life estate and Robert has
a remainder estate
b.William and Robert have life estates
c. Robert has a life estate and Tonya has
a remainder estate
d. William has a life estate
9. If the subject property has three bedrooms and b
the comparable property has two bedrooms, and
a bedroom is worth $10,000, the correct
adjustment is to
a.add $10,000 to the subject value.
b.add $10,000 to the comparable value.
c. subtract $10,000 from the subject value.
d. subtract $10,000 from the comparable value
