FL POST LICENSING EXAM 2025/2026 QUESTIONS WITH
ANSWERS MARKED A+
✔✔Property Transfer - ✔✔Conveying ownership or rights in property
✔✔MLS (Multiple Listing Service) - ✔✔A multiple listing service that contains
descriptions of most of the homes that are for sale. This computer-based service is
used to keep up with properties that are listed for sale.
✔✔Mission Statement - ✔✔A description of the ultimate goals of a company.
✔✔F.S.475 - ✔✔Law that regulates real estate licensees, schools and appraisers
✔✔A law titled "Real Estate Brokers, Sales Associates, Schools, and Appraisers" -
✔✔F.S. 475
✔✔F.A.C. 61J2 - ✔✔The Florida Administrative Code containing FREC rules that apply
to real estate licensees
✔✔FIRPTA (Foreign Investment in Real Property Tax Act) - ✔✔Provide for buyer
withholding of taxes when seller is a foreign investor
✔✔Range of penalties for FREC - ✔✔Reprimand, fine, probation, suspension,
revocation or denial
✔✔Minor Violations of FREC could be delt with by issuing a _______ or ________ ___
______ - ✔✔Citation, notice of noncompliance
✔✔Any sales associate who does not successfully complete the post-licensing
requirements prior to expiration may no longer practice real estate and their license will
become - ✔✔Null and void
✔✔In order to pass the post license course you will need a minimum grade of - ✔✔75%
✔✔Any license that is not renewed at the end of the license period will automatically
become - ✔✔Involuntarily Inactive
✔✔Change of name needs to be reported within - ✔✔10 Days to notify DBPR
✔✔Change in Residency - ✔✔60 days to notify DBPR
✔✔You have ____ after being convicted, found guilty, or entered a plea of nolo
contendere (no contest) to notify the commission - ✔✔
, ✔✔Change of employer - ✔✔10 days to notify the DBPR
✔✔Change of Mailing Address - ✔✔10 days to notify DBPR
✔✔Advertising (First Violation) - ✔✔Fine of $250 to $1000 and 30 to 90 day suspension
✔✔Advertising (Second Violation) - ✔✔Fine of $1000-$5000 and 90 day suspension to
revocation
✔✔Advertising false, inaccurate, misleading information could result in - ✔✔A citation
and a fine of $500
✔✔A sales associate must deliver their deposit no later than - ✔✔The end of the
business day
✔✔A sales associate can only receive compensation from their - ✔✔Broker
✔✔A sales associate can only collect money from a real estate transaction except in the
name of - ✔✔Their employer
✔✔No brokerage relationship - ✔✔* Deal honestly and fairly * Disclose all known facts
that materially affect the value of the property * Account for all funds - DAD
✔✔Transaction Broker - ✔✔Helps both the buyer and the seller with paperwork and
formalities in transferring ownership of real property, but who is not an agent of either
party.
✔✔Single Agent - ✔✔A broker who represents, as a fiduciary, either the buyer or seller
but not both in the same transaction.
✔✔Dual Agency - ✔✔An illegal arrangement whereby the broker tries to represent both
the buyer and the seller in the same transaction
✔✔Appraisal concerning federally related transactions are required to follow -
✔✔USPAP
✔✔CMA - ✔✔Comparative Market Analysis
✔✔A CMA is not an ? - ✔✔appraisal
✔✔assessed value - ✔✔The value of an asset determined by tax authorities for the
purpose of calculating taxes
ANSWERS MARKED A+
✔✔Property Transfer - ✔✔Conveying ownership or rights in property
✔✔MLS (Multiple Listing Service) - ✔✔A multiple listing service that contains
descriptions of most of the homes that are for sale. This computer-based service is
used to keep up with properties that are listed for sale.
✔✔Mission Statement - ✔✔A description of the ultimate goals of a company.
✔✔F.S.475 - ✔✔Law that regulates real estate licensees, schools and appraisers
✔✔A law titled "Real Estate Brokers, Sales Associates, Schools, and Appraisers" -
✔✔F.S. 475
✔✔F.A.C. 61J2 - ✔✔The Florida Administrative Code containing FREC rules that apply
to real estate licensees
✔✔FIRPTA (Foreign Investment in Real Property Tax Act) - ✔✔Provide for buyer
withholding of taxes when seller is a foreign investor
✔✔Range of penalties for FREC - ✔✔Reprimand, fine, probation, suspension,
revocation or denial
✔✔Minor Violations of FREC could be delt with by issuing a _______ or ________ ___
______ - ✔✔Citation, notice of noncompliance
✔✔Any sales associate who does not successfully complete the post-licensing
requirements prior to expiration may no longer practice real estate and their license will
become - ✔✔Null and void
✔✔In order to pass the post license course you will need a minimum grade of - ✔✔75%
✔✔Any license that is not renewed at the end of the license period will automatically
become - ✔✔Involuntarily Inactive
✔✔Change of name needs to be reported within - ✔✔10 Days to notify DBPR
✔✔Change in Residency - ✔✔60 days to notify DBPR
✔✔You have ____ after being convicted, found guilty, or entered a plea of nolo
contendere (no contest) to notify the commission - ✔✔
, ✔✔Change of employer - ✔✔10 days to notify the DBPR
✔✔Change of Mailing Address - ✔✔10 days to notify DBPR
✔✔Advertising (First Violation) - ✔✔Fine of $250 to $1000 and 30 to 90 day suspension
✔✔Advertising (Second Violation) - ✔✔Fine of $1000-$5000 and 90 day suspension to
revocation
✔✔Advertising false, inaccurate, misleading information could result in - ✔✔A citation
and a fine of $500
✔✔A sales associate must deliver their deposit no later than - ✔✔The end of the
business day
✔✔A sales associate can only receive compensation from their - ✔✔Broker
✔✔A sales associate can only collect money from a real estate transaction except in the
name of - ✔✔Their employer
✔✔No brokerage relationship - ✔✔* Deal honestly and fairly * Disclose all known facts
that materially affect the value of the property * Account for all funds - DAD
✔✔Transaction Broker - ✔✔Helps both the buyer and the seller with paperwork and
formalities in transferring ownership of real property, but who is not an agent of either
party.
✔✔Single Agent - ✔✔A broker who represents, as a fiduciary, either the buyer or seller
but not both in the same transaction.
✔✔Dual Agency - ✔✔An illegal arrangement whereby the broker tries to represent both
the buyer and the seller in the same transaction
✔✔Appraisal concerning federally related transactions are required to follow -
✔✔USPAP
✔✔CMA - ✔✔Comparative Market Analysis
✔✔A CMA is not an ? - ✔✔appraisal
✔✔assessed value - ✔✔The value of an asset determined by tax authorities for the
purpose of calculating taxes
