Practice end-of-course exam for Florida real estate license
Questions And Answers 2025\2026
A licensed real estate broker has been hired by a lender to appraise a
home for a buyer who has applied for an FHA loan. Whch statement is
TRUE regarding this situation? - CORRECT ANSWER-The broker is
required to be a state-certified appraiser to perform this appraisal
assignment.
Leasehold estate do NOT include - CORRECT ANSWER-A remainder
estate.
The Florida Real Estate Commission must notify which agency when it
takes disciplinary action against any of the agency's licensees? -
CORRECT ANSWER-Division of Florida Condominiums, Time-shares, and
Mobile Homes
Failure to comply with the statute of frauds will result in - CORRECT
ANSWER-An unenforceable contract.
,Which statute prohibits discrimination in hotels, restaurants, and other
places of public accommodation if such discrimination is based on
national origin? - CORRECT ANSWER-Civil Rights Act of 1964
A broker received a $5000 deposit from the buyer on Tuesday at 1 PM.
The seller will not be available until Monday. The broker's normal
banking days Monday. The broker is required to deposit the $5000
before the end of - CORRECT ANSWER-Business on Friday.
Which expense is subtracted to derive NOI? - CORRECT ANSWER-
Vacancy and collection losses
An investor wanted to build a motel. A brokerage showed him three
choices sites zones hotel -motel. The investor promised to decide on the
site in three weeks, so the broker took a two-week vacation. When the
broker returned, the investor bought one of the sites. The broker sold
the site, not knowing that the zoning on that site had been changed to
industrial. Which is correct? - CORRECT ANSWER-The broker is guilty of
culpable negligence
Which clause is included in the mortgage to prevent a subsequent
buyer from assuming an existing mortgage loan? - CORRECT ANSWER-
Due-on-sale clause
, The broker is a single agent of the seller. The principal has this close to
the broker at the roof leaks although there's no visible evidence of
water problem. The broker has satisfied his legal obligation to both the
principal and all perspective buyers if he discloses - CORRECT ANSWER-
That the roof leaks.
The seller instructs the listing broker not to show his home to members
of a protected class. The broker informs the seller that this is a violation
of the fair housing laws, but the seller is insistent. Which choice is the
brokers best course of action under these circumstances? - CORRECT
ANSWER-Withdraw from the listing agreement
A broker has a listing price at $120,000. An uninformed buyer offers
$125,000 for the property. The broker buys the property for $120,000,
then sells it for $125,000. Which statement is FALSE? - CORRECT
ANSWER-This is legal as long as the broker withdraws from the listing
first.
A woman has Homesteaded her residence. Her home has assessed
value of $279,000. She is a non-veteran who is totally and permanently
disabled as a result of a serious car accident. She's also legally blind
what is her cumulative county tax exemption on her Homesteaded
residence? - CORRECT ANSWER-$51,000
Questions And Answers 2025\2026
A licensed real estate broker has been hired by a lender to appraise a
home for a buyer who has applied for an FHA loan. Whch statement is
TRUE regarding this situation? - CORRECT ANSWER-The broker is
required to be a state-certified appraiser to perform this appraisal
assignment.
Leasehold estate do NOT include - CORRECT ANSWER-A remainder
estate.
The Florida Real Estate Commission must notify which agency when it
takes disciplinary action against any of the agency's licensees? -
CORRECT ANSWER-Division of Florida Condominiums, Time-shares, and
Mobile Homes
Failure to comply with the statute of frauds will result in - CORRECT
ANSWER-An unenforceable contract.
,Which statute prohibits discrimination in hotels, restaurants, and other
places of public accommodation if such discrimination is based on
national origin? - CORRECT ANSWER-Civil Rights Act of 1964
A broker received a $5000 deposit from the buyer on Tuesday at 1 PM.
The seller will not be available until Monday. The broker's normal
banking days Monday. The broker is required to deposit the $5000
before the end of - CORRECT ANSWER-Business on Friday.
Which expense is subtracted to derive NOI? - CORRECT ANSWER-
Vacancy and collection losses
An investor wanted to build a motel. A brokerage showed him three
choices sites zones hotel -motel. The investor promised to decide on the
site in three weeks, so the broker took a two-week vacation. When the
broker returned, the investor bought one of the sites. The broker sold
the site, not knowing that the zoning on that site had been changed to
industrial. Which is correct? - CORRECT ANSWER-The broker is guilty of
culpable negligence
Which clause is included in the mortgage to prevent a subsequent
buyer from assuming an existing mortgage loan? - CORRECT ANSWER-
Due-on-sale clause
, The broker is a single agent of the seller. The principal has this close to
the broker at the roof leaks although there's no visible evidence of
water problem. The broker has satisfied his legal obligation to both the
principal and all perspective buyers if he discloses - CORRECT ANSWER-
That the roof leaks.
The seller instructs the listing broker not to show his home to members
of a protected class. The broker informs the seller that this is a violation
of the fair housing laws, but the seller is insistent. Which choice is the
brokers best course of action under these circumstances? - CORRECT
ANSWER-Withdraw from the listing agreement
A broker has a listing price at $120,000. An uninformed buyer offers
$125,000 for the property. The broker buys the property for $120,000,
then sells it for $125,000. Which statement is FALSE? - CORRECT
ANSWER-This is legal as long as the broker withdraws from the listing
first.
A woman has Homesteaded her residence. Her home has assessed
value of $279,000. She is a non-veteran who is totally and permanently
disabled as a result of a serious car accident. She's also legally blind
what is her cumulative county tax exemption on her Homesteaded
residence? - CORRECT ANSWER-$51,000
