Florida Real Estate State Exam Prep
Questions with Complete Solutions
(Latest 2025)
Joint Ventures - Correct Answers ✅is a temporary form of
business arrangement often encountered in real estate
business.
Trade Names - Correct Answers ✅is a business name other
than the legal name of the person doing business. The letters
T/A are used to indicate "trading as."
Chapter 120, F.S. - Correct Answers ✅Administrative
Procedures Act
Chapter 455, F.S. - Correct Answers ✅Regulation of
Professional and Occupations
Chapter 28, Sections 101-110 - Correct Answers ✅Division
of Administrative Hearings (DOAH Rules), Florida
Administrative Code (F.A.C.)
Chapter 61J2 - Correct Answers ✅Florida Real Estate
Commission, Fl Administrative Code (F.A.C.)
Recovery Fund - Correct Answers ✅Claim must be paid
with in 2 yrs.
Max payment $50,000 (single transaction)
Max payment on multiple $150,000
,Florida Real Estate State Exam Prep
Questions with Complete Solutions
(Latest 2025)
Punitive Damages and Interest CANNOT be reimbursed from
fund
Accumulation of the Recovery Fund - Correct Answers
✅total of $1 million is the limit for fund at any one time.
Accumulated by charging Licensees a Recovery Fund Fee
when a new lic is issued or renewed. Fines imposed by FREC
and collected by DBPR. Collection stops when limit is reached
and restarts when amount drops below $500k. At that time, a
fee of $3.50 per yr. for brokers and $1.50 per year for sales
Assoc. is added to Lic fee.
Civil Rights Act of 1964 (Titles II and III) - Correct Answers
✅ended racial segregation in schools, the work place, and
public accommodations.
Civil Rights Act of 1968: The Fair Housing Act - Correct
Answers ✅Prohibits discrimination on the basis of Race,
Color, Religion, Sex and National Origin when selling or
renting residential property.
7 Protected Classes (FRSH CRN aka Fresh Corn) - Correct
Answers ✅Race
Color
Religion
, Florida Real Estate State Exam Prep
Questions with Complete Solutions
(Latest 2025)
Sex
Handicap Status (mental or physical)
Familial Status (18 or younger or Pregnant Women)
National Origin
Blockbusting - Correct Answers ✅Use the entry, or rumor
of the entry, of a protected class into the neighborhood to
persuade owners to sell
Steering - Correct Answers ✅Channel Home seekers to or
away from a particular neighborhood because they are
members of a protected class
Redlining - Correct Answers ✅Deny loans or insurance
coverage by a lender or insurer that presents different terms
or conditions for homes in certain neighborhoods
Americans with Disabilities Act of 1990 - Correct Answers
✅removes barriers that prevent qualified individuals with
disabilities from enjoying the same opportunities that are
available to persons without disabilities. The Act prohibits
discrimination in places of PUBLIC ACCOMIDATIONS and in
commercial facilities.
Questions with Complete Solutions
(Latest 2025)
Joint Ventures - Correct Answers ✅is a temporary form of
business arrangement often encountered in real estate
business.
Trade Names - Correct Answers ✅is a business name other
than the legal name of the person doing business. The letters
T/A are used to indicate "trading as."
Chapter 120, F.S. - Correct Answers ✅Administrative
Procedures Act
Chapter 455, F.S. - Correct Answers ✅Regulation of
Professional and Occupations
Chapter 28, Sections 101-110 - Correct Answers ✅Division
of Administrative Hearings (DOAH Rules), Florida
Administrative Code (F.A.C.)
Chapter 61J2 - Correct Answers ✅Florida Real Estate
Commission, Fl Administrative Code (F.A.C.)
Recovery Fund - Correct Answers ✅Claim must be paid
with in 2 yrs.
Max payment $50,000 (single transaction)
Max payment on multiple $150,000
,Florida Real Estate State Exam Prep
Questions with Complete Solutions
(Latest 2025)
Punitive Damages and Interest CANNOT be reimbursed from
fund
Accumulation of the Recovery Fund - Correct Answers
✅total of $1 million is the limit for fund at any one time.
Accumulated by charging Licensees a Recovery Fund Fee
when a new lic is issued or renewed. Fines imposed by FREC
and collected by DBPR. Collection stops when limit is reached
and restarts when amount drops below $500k. At that time, a
fee of $3.50 per yr. for brokers and $1.50 per year for sales
Assoc. is added to Lic fee.
Civil Rights Act of 1964 (Titles II and III) - Correct Answers
✅ended racial segregation in schools, the work place, and
public accommodations.
Civil Rights Act of 1968: The Fair Housing Act - Correct
Answers ✅Prohibits discrimination on the basis of Race,
Color, Religion, Sex and National Origin when selling or
renting residential property.
7 Protected Classes (FRSH CRN aka Fresh Corn) - Correct
Answers ✅Race
Color
Religion
, Florida Real Estate State Exam Prep
Questions with Complete Solutions
(Latest 2025)
Sex
Handicap Status (mental or physical)
Familial Status (18 or younger or Pregnant Women)
National Origin
Blockbusting - Correct Answers ✅Use the entry, or rumor
of the entry, of a protected class into the neighborhood to
persuade owners to sell
Steering - Correct Answers ✅Channel Home seekers to or
away from a particular neighborhood because they are
members of a protected class
Redlining - Correct Answers ✅Deny loans or insurance
coverage by a lender or insurer that presents different terms
or conditions for homes in certain neighborhoods
Americans with Disabilities Act of 1990 - Correct Answers
✅removes barriers that prevent qualified individuals with
disabilities from enjoying the same opportunities that are
available to persons without disabilities. The Act prohibits
discrimination in places of PUBLIC ACCOMIDATIONS and in
commercial facilities.
