Florida Real Estate Exam with Actual
Solutions
What would an investor get after subtracting the adjusted basis from an investment property's
sales price?
Appreciation of depreciation
Capital gain or capital loss
Depreciation
Operating expenses ✔️✔️Capital gain or capital loss
Beatrice just had her license application denied by the commission. Which branch of the
commission denied her application?
Executive
,Quasi-judicial
Quasi-legislative
Superpower ✔️✔️Quasi-judicial
The DBPR has issued a cease and desist order to Malika. Which of the following must be true?
She is a certified public accountant.
She is a commission member.
She is a real estate licensee.
She is unlicensed. ✔️✔️She is unlicensed.
The DBPR issues citations to discipline licensees. The cease and desist order applies to
unlicensed individuals.
,Which of the following accurately describes the Division of Real Estate?
Oversees the DBPR, DRE, and real estate commission.
Provides administrative services for Florida Real Estate Commission.
Regulates Florida businesses
Regulates the activities of real estate professionals and schools ✔️✔️Provides administrative
services for Florida Real Estate Commission.
The DRE is responsible for administrative services and ministerial duties for the FREC.
When something is evaluated according to ______, this is called finding the value on an ad
valorem basis.
A. Its cost to build
B. Its estimate
, C. Its value
D. The majority ✔️✔️C. Its value
Which of the following is true about the Florida Green Belt Law?
A. It allows agricultural properties to be assessed at a lower rate.
B. It allows all properties to be assessed at a lower rate.
C. It allows investors to buy agricultural property at a lower rate.
D. It makes agricultural properties exempt from property tax. ✔️✔️A. It allows agricultural
properties to be assessed at a lower rate.
The Green Belt Law protects agricultural properties by allowing them to be assessed at a lower
rate. It also allows them to be appraised only on current use, and not highest and best use.
Jessica and Eric's home has homestead status. The just (market) value of their home is $200,000,
and they have $20,000 in SOH protections. What is the assessed value of their home after the
SOH protections are applied?
Solutions
What would an investor get after subtracting the adjusted basis from an investment property's
sales price?
Appreciation of depreciation
Capital gain or capital loss
Depreciation
Operating expenses ✔️✔️Capital gain or capital loss
Beatrice just had her license application denied by the commission. Which branch of the
commission denied her application?
Executive
,Quasi-judicial
Quasi-legislative
Superpower ✔️✔️Quasi-judicial
The DBPR has issued a cease and desist order to Malika. Which of the following must be true?
She is a certified public accountant.
She is a commission member.
She is a real estate licensee.
She is unlicensed. ✔️✔️She is unlicensed.
The DBPR issues citations to discipline licensees. The cease and desist order applies to
unlicensed individuals.
,Which of the following accurately describes the Division of Real Estate?
Oversees the DBPR, DRE, and real estate commission.
Provides administrative services for Florida Real Estate Commission.
Regulates Florida businesses
Regulates the activities of real estate professionals and schools ✔️✔️Provides administrative
services for Florida Real Estate Commission.
The DRE is responsible for administrative services and ministerial duties for the FREC.
When something is evaluated according to ______, this is called finding the value on an ad
valorem basis.
A. Its cost to build
B. Its estimate
, C. Its value
D. The majority ✔️✔️C. Its value
Which of the following is true about the Florida Green Belt Law?
A. It allows agricultural properties to be assessed at a lower rate.
B. It allows all properties to be assessed at a lower rate.
C. It allows investors to buy agricultural property at a lower rate.
D. It makes agricultural properties exempt from property tax. ✔️✔️A. It allows agricultural
properties to be assessed at a lower rate.
The Green Belt Law protects agricultural properties by allowing them to be assessed at a lower
rate. It also allows them to be appraised only on current use, and not highest and best use.
Jessica and Eric's home has homestead status. The just (market) value of their home is $200,000,
and they have $20,000 in SOH protections. What is the assessed value of their home after the
SOH protections are applied?
