BEST REVIEW FLORIDA REAL ESTATE
LICENSE EXAM QUESTIONS AND
ANSWERS LATEST 2025-2026 UPDATE |
GRADE A+ GUARANTEE
May escrow funds be moved from a non-interest-bearing account to an
interest-bearing account?
A. Yes, provided the broker secures the written permission of all
interested parties to the contract before moving the funds.
B. Yes; the broker is free to move the funds from one escrow account to
another escrow account.
C. No; funds may not be removed from the non-interest-bearing account
until title closing.
D. No; to do so would be a violation of Chapter 475, F.S - Answer-A.
Yes, provided the broker secures the written permission of all interested
parties to the contract before moving the funds.
A real estate broker maintains an escrow account for sales transactions
and a separate property management escrow account. The broker is
allowed to deposit his own funds in the two accounts up to a maximum
of
A. $5,000.00
B. $6,000.00
,C. $2,000.00
D. $1,000.00 - Answer-B. $6,000.00
A licensee has been issued an administrative complaint. The licensee
has signed the election of rights indicating that he does not dispute the
allegations of fact and that he requests an informal hearing. How much
prior notice of a hearing must be given to the licensee-respondent?
A. 30 days
B. 45 days
C. 15 days
D.14 days - Answer-D. 14 days
A dispute over escrowed funds arises between the buyer and seller. The
broker notifies the FREC of the conflicting demands and requests that
the Commission issue an escrow disbursement order; however, the
FREC declines. The following alternative methods can resolve the
matter EXCEPT
A. petition for review or appeal.
B. mediation.
C. litigation.
D. arbitration
An escrow account may NOT be in - Answer-A. petition for review or
appeal.
,An escrow account may NOT be in
A. a credit union located in Florida.
B. an insurance company located in Florida.
C. a Florida-based title company having trust powers
D. a qualified Florida attorney's trust account if designated in the
contract. - Answer-B. an insurance company located in Florida.
A sales associate receives a good-faith deposit on Monday morning.
The broker is in the office that day, so she gives the deposit to her broker
that same day. By the end of business on what day must the broker
deposit the funds into the escrow account?
A. Thursday
B. Friday
C. Tuesday
D. Wednesday - Answer-A. Thursday
The buyer's or seller's signature is required on which brokerage
relationship disclosure before the licensee may continue?
A. No brokerage relationship notice
B. Single agent notice
C. Transaction broker notice
, D. Consent to transition to transaction broker notice - Answer-D.
Consent to transition to transaction broker notice
During a lunch meeting, three brokers discuss how to increase their
businesses. They decide that broker A will work exclusively northeast of
downtown, broker B will work exclusively northwest of downtown, and
broker C will work exclusively south of downtown. This is a
A. violation of antitrust laws called price-fixing.
B. violation of the statute of frauds.
C. violation of antitrust laws called market allocation.
D. common, acceptable practice among brokers. - Answer-C. violation
of antitrust laws called market allocation.
A sales associate has hired a licensed personal assistant to help increase
the sales associate's business. The licensed assistant will receive $12 an
hour for administrative work and 35% of any commissions earned. The
licensed assistant
A. must be paid by the sales associate's broker for all administrative
work and commissions.
B. may be paid by the sales associate for the administrative work and for
the 35% commission.
C. may be paid by the sales associate for administrative work but must
be paid by the broker for commissions earned.
LICENSE EXAM QUESTIONS AND
ANSWERS LATEST 2025-2026 UPDATE |
GRADE A+ GUARANTEE
May escrow funds be moved from a non-interest-bearing account to an
interest-bearing account?
A. Yes, provided the broker secures the written permission of all
interested parties to the contract before moving the funds.
B. Yes; the broker is free to move the funds from one escrow account to
another escrow account.
C. No; funds may not be removed from the non-interest-bearing account
until title closing.
D. No; to do so would be a violation of Chapter 475, F.S - Answer-A.
Yes, provided the broker secures the written permission of all interested
parties to the contract before moving the funds.
A real estate broker maintains an escrow account for sales transactions
and a separate property management escrow account. The broker is
allowed to deposit his own funds in the two accounts up to a maximum
of
A. $5,000.00
B. $6,000.00
,C. $2,000.00
D. $1,000.00 - Answer-B. $6,000.00
A licensee has been issued an administrative complaint. The licensee
has signed the election of rights indicating that he does not dispute the
allegations of fact and that he requests an informal hearing. How much
prior notice of a hearing must be given to the licensee-respondent?
A. 30 days
B. 45 days
C. 15 days
D.14 days - Answer-D. 14 days
A dispute over escrowed funds arises between the buyer and seller. The
broker notifies the FREC of the conflicting demands and requests that
the Commission issue an escrow disbursement order; however, the
FREC declines. The following alternative methods can resolve the
matter EXCEPT
A. petition for review or appeal.
B. mediation.
C. litigation.
D. arbitration
An escrow account may NOT be in - Answer-A. petition for review or
appeal.
,An escrow account may NOT be in
A. a credit union located in Florida.
B. an insurance company located in Florida.
C. a Florida-based title company having trust powers
D. a qualified Florida attorney's trust account if designated in the
contract. - Answer-B. an insurance company located in Florida.
A sales associate receives a good-faith deposit on Monday morning.
The broker is in the office that day, so she gives the deposit to her broker
that same day. By the end of business on what day must the broker
deposit the funds into the escrow account?
A. Thursday
B. Friday
C. Tuesday
D. Wednesday - Answer-A. Thursday
The buyer's or seller's signature is required on which brokerage
relationship disclosure before the licensee may continue?
A. No brokerage relationship notice
B. Single agent notice
C. Transaction broker notice
, D. Consent to transition to transaction broker notice - Answer-D.
Consent to transition to transaction broker notice
During a lunch meeting, three brokers discuss how to increase their
businesses. They decide that broker A will work exclusively northeast of
downtown, broker B will work exclusively northwest of downtown, and
broker C will work exclusively south of downtown. This is a
A. violation of antitrust laws called price-fixing.
B. violation of the statute of frauds.
C. violation of antitrust laws called market allocation.
D. common, acceptable practice among brokers. - Answer-C. violation
of antitrust laws called market allocation.
A sales associate has hired a licensed personal assistant to help increase
the sales associate's business. The licensed assistant will receive $12 an
hour for administrative work and 35% of any commissions earned. The
licensed assistant
A. must be paid by the sales associate's broker for all administrative
work and commissions.
B. may be paid by the sales associate for the administrative work and for
the 35% commission.
C. may be paid by the sales associate for administrative work but must
be paid by the broker for commissions earned.
