Florida Real Estate Exam – Practice Questions &
Verified Answers | Comprehensive Sales Associate
Licensing Exam Review | 2026–2027
,Temporary Incapacitation of license mandatory suspension
out of state broker receives a commission cannot participate in the transaction
city needs a new school, acquire land by eminent domain
All legal rights transferred (100%) assignment
Dual Agency Representing both parties to a transaction. This is unethical unless both parties
agree to it, and it is illegal in many states (Violation of Florida Statute 475
Combining two or more parcels of land assemblage
Real Estate Recovery fund is funded by fines and fees paid by licensees
Riparian Rights An owner's rights in land that borders on or includes a stream, river, or lake. These
rights include access to and use of the water.
Broker hiding value of property Could be charged with concealment
If office is closed, reopened, in same license period request a reissue- no fee
real estate taxes are Ad Valorem tax
The four factors of production land, labor, capital, and entrepreneurial ability
Maximum number of years on FREC no limit
Land, improvements, interest and rights Real Property
Gross lease Tenant pays a fixed rent and the landlord (Lesser) pays all property expenses
, To cure a defect or cloud on the title to a piece of property, quitclam deed
the parties should:
Sales associate working for a broker general agency relationship
Brokers office Building of stationary construction
More than 1 active broker, 1 license revoked no affect on other licenses
Corporation registered to broker real estate at least 1 officer licensed as an active broker
Equal DUE rights, same or different deeds Tenancy in common
rental property is temporarily diminished see temporary reduction of rent from court
property to property with same utility Principle of Substitution
Broker refuses to pay a commission due Charged with Failure to Account
$50,000 Single judgement from Real Estate Recovery Fund
Post-dated check Legal- give to broker immediately
Business known as a company is a corporation for profit
Broker represents as escrow agent Buyer and seller
Expert knowledge by RE licensees Valuation, Marketing, Property Transfer
Financial protection due to defective title Title insurance
Verified Answers | Comprehensive Sales Associate
Licensing Exam Review | 2026–2027
,Temporary Incapacitation of license mandatory suspension
out of state broker receives a commission cannot participate in the transaction
city needs a new school, acquire land by eminent domain
All legal rights transferred (100%) assignment
Dual Agency Representing both parties to a transaction. This is unethical unless both parties
agree to it, and it is illegal in many states (Violation of Florida Statute 475
Combining two or more parcels of land assemblage
Real Estate Recovery fund is funded by fines and fees paid by licensees
Riparian Rights An owner's rights in land that borders on or includes a stream, river, or lake. These
rights include access to and use of the water.
Broker hiding value of property Could be charged with concealment
If office is closed, reopened, in same license period request a reissue- no fee
real estate taxes are Ad Valorem tax
The four factors of production land, labor, capital, and entrepreneurial ability
Maximum number of years on FREC no limit
Land, improvements, interest and rights Real Property
Gross lease Tenant pays a fixed rent and the landlord (Lesser) pays all property expenses
, To cure a defect or cloud on the title to a piece of property, quitclam deed
the parties should:
Sales associate working for a broker general agency relationship
Brokers office Building of stationary construction
More than 1 active broker, 1 license revoked no affect on other licenses
Corporation registered to broker real estate at least 1 officer licensed as an active broker
Equal DUE rights, same or different deeds Tenancy in common
rental property is temporarily diminished see temporary reduction of rent from court
property to property with same utility Principle of Substitution
Broker refuses to pay a commission due Charged with Failure to Account
$50,000 Single judgement from Real Estate Recovery Fund
Post-dated check Legal- give to broker immediately
Business known as a company is a corporation for profit
Broker represents as escrow agent Buyer and seller
Expert knowledge by RE licensees Valuation, Marketing, Property Transfer
Financial protection due to defective title Title insurance
