Real Estate 2025 STATE Exam LATEST VERSION [289
QUESTIONS AND ANSWERS] WITH STUDY GUIDE DETAILED
AND VERIFIED FOR GUARANTEED PASS- LATEST UPDATE
2025 GRADED A
What is the difference between a rental agent and a property manager? - CORRECT
ANSWER A rental agent works with potential renters and finds them a rental. A
property manager does the same, but also manages the property after finding the
renter.
Why has the field of property management experienced such rapid growth? -
CORRECT ANSWER The increase of absentee owners
What kind of residential construction involves a builder purchasing one or more lots and
constructing a home or homes without a buyer in advance of construction? -
CORRECT ANSWER Speculative home
What kind of residential construction involves a builder in contract with a buyer, and the
buyer decides what kind of design the house will have? - CORRECT ANSWER
Custom home
What kind of residential construction is similar to speculative building and is done in a
new subdivision with several model homes? - CORRECT ANSWER Tract home
When is a new sales associate legally allowed to refer to themselves as a REALTOR®?
- CORRECT ANSWER When they have joined the National Association of
REALTORS®
What is Florida Statute Chapter 475? - CORRECT ANSWER Law that establishes
the legal rights and responsibilities of real estate licensees and real estate appraisers.
How many parts does Florida Statute Chapter 475 have? - CORRECT ANSWER
Four
What is Florida Statute Chapter 455? - CORRECT ANSWER Law that defines the
general legal practice of the DBPR (Department of Business and Professional
Regulation).
What is Florida Statute 120? - CORRECT ANSWER The Administrative
Procedures Act
What is Chapter 61J2? - CORRECT ANSWER The rules of the Florida Real
Estate Commission (FREC)
,What do you call a person who performs real estate services for compensation, but who
does so under the direction and control of a broker or an owner-developer (builder)? -
CORRECT ANSWER Sales associate
What do you call a person who, for compensation, performs real estate services, but not
under the direction or control of another? - CORRECT ANSWER Broker
What do you call a person who holds a broker's license but chooses to register and
work in real estate under the direction of another broker? - CORRECT ANSWER
Broker Associate
If an owner-developer's sales staff receives commission, what must they have? -
CORRECT ANSWER An active real estate license
If an owner-developer's sales staff does not receive commission or compensation based
on transactions or bonuses, is the sales staff required to hold an active real estate
license? - CORRECT ANSWER No
What is the status of a sales associate's license if he does not complete the required
45-hour post licensing course before the first expiration of his license? - CORRECT
ANSWER Null and void
After the post license course has been completed, how long does a sales associate
have to complete the required 14 hour continuing education course? - CORRECT
ANSWER 2 years
Who is required to complete continuing education? - CORRECT ANSWER
Actively and inactively licensed sales associates
How many hours is the business ethics portion of the 14 hours continuing education? -
CORRECT ANSWER 3 hours
How long does a sales associate have to be licensed under one or more actively
licensed brokers before he is eligible to obtain a broker's license? - CORRECT
ANSWER 2 years
Is the Governor's name or signature on a sales associate's license? - CORRECT
ANSWER His name only
If an unlicensed assistant works at a brokerage, can he show property, hold listing
presentations, and negotiate contracts? - CORRECT ANSWER No
, Can a licensee share a portion of his commission with an unlicensed person? -
CORRECT ANSWER No
Would a salaried manager of a condo who rents units for periods no longer than 1 year
be required to hold an active real estate license? - CORRECT ANSWER No
How many members are on the FREC? - CORRECT ANSWER 7 members
How many members of the FREC are brokers that have been a broker for at least five
years? - CORRECT ANSWER 4 members
How many members of the FREC are unlicensed consumers? - CORRECT
ANSWER 2 members
What are the three powers that the FREC has? - CORRECT ANSWER Executive
powers, Quasi-legislative powers, and Quasi-judicial powers
Can a licensee engage in real estate services if their license is inactive? - CORRECT
ANSWER No
What is the status of a sales associate's license if his broker's license is suspended,
revoked or the broker dies? - CORRECT ANSWER Involuntary inactive
How many days does a licensee have to notify the DBPR of an address change? -
CORRECT ANSWER 10 days
What is the penalty if a licensee steals duplicates of listings from his previous
employer? - CORRECT ANSWER Breach of trust
What is the penalty if a licensee steals original listings from his previous employer? -
CORRECT ANSWER Larceny
What would a broker be issued if he is the broker of multiple business entities? -
CORRECT ANSWER Multiple licenses
What would a sales associate be required to have if he works for an owner developer
and wishes to work at more than one location? - CORRECT ANSWER A group
license
Can the FREC issue misdemeanors and felonies to a licensee? - CORRECT
ANSWER No. The FREC is an administrative agency.
QUESTIONS AND ANSWERS] WITH STUDY GUIDE DETAILED
AND VERIFIED FOR GUARANTEED PASS- LATEST UPDATE
2025 GRADED A
What is the difference between a rental agent and a property manager? - CORRECT
ANSWER A rental agent works with potential renters and finds them a rental. A
property manager does the same, but also manages the property after finding the
renter.
Why has the field of property management experienced such rapid growth? -
CORRECT ANSWER The increase of absentee owners
What kind of residential construction involves a builder purchasing one or more lots and
constructing a home or homes without a buyer in advance of construction? -
CORRECT ANSWER Speculative home
What kind of residential construction involves a builder in contract with a buyer, and the
buyer decides what kind of design the house will have? - CORRECT ANSWER
Custom home
What kind of residential construction is similar to speculative building and is done in a
new subdivision with several model homes? - CORRECT ANSWER Tract home
When is a new sales associate legally allowed to refer to themselves as a REALTOR®?
- CORRECT ANSWER When they have joined the National Association of
REALTORS®
What is Florida Statute Chapter 475? - CORRECT ANSWER Law that establishes
the legal rights and responsibilities of real estate licensees and real estate appraisers.
How many parts does Florida Statute Chapter 475 have? - CORRECT ANSWER
Four
What is Florida Statute Chapter 455? - CORRECT ANSWER Law that defines the
general legal practice of the DBPR (Department of Business and Professional
Regulation).
What is Florida Statute 120? - CORRECT ANSWER The Administrative
Procedures Act
What is Chapter 61J2? - CORRECT ANSWER The rules of the Florida Real
Estate Commission (FREC)
,What do you call a person who performs real estate services for compensation, but who
does so under the direction and control of a broker or an owner-developer (builder)? -
CORRECT ANSWER Sales associate
What do you call a person who, for compensation, performs real estate services, but not
under the direction or control of another? - CORRECT ANSWER Broker
What do you call a person who holds a broker's license but chooses to register and
work in real estate under the direction of another broker? - CORRECT ANSWER
Broker Associate
If an owner-developer's sales staff receives commission, what must they have? -
CORRECT ANSWER An active real estate license
If an owner-developer's sales staff does not receive commission or compensation based
on transactions or bonuses, is the sales staff required to hold an active real estate
license? - CORRECT ANSWER No
What is the status of a sales associate's license if he does not complete the required
45-hour post licensing course before the first expiration of his license? - CORRECT
ANSWER Null and void
After the post license course has been completed, how long does a sales associate
have to complete the required 14 hour continuing education course? - CORRECT
ANSWER 2 years
Who is required to complete continuing education? - CORRECT ANSWER
Actively and inactively licensed sales associates
How many hours is the business ethics portion of the 14 hours continuing education? -
CORRECT ANSWER 3 hours
How long does a sales associate have to be licensed under one or more actively
licensed brokers before he is eligible to obtain a broker's license? - CORRECT
ANSWER 2 years
Is the Governor's name or signature on a sales associate's license? - CORRECT
ANSWER His name only
If an unlicensed assistant works at a brokerage, can he show property, hold listing
presentations, and negotiate contracts? - CORRECT ANSWER No
, Can a licensee share a portion of his commission with an unlicensed person? -
CORRECT ANSWER No
Would a salaried manager of a condo who rents units for periods no longer than 1 year
be required to hold an active real estate license? - CORRECT ANSWER No
How many members are on the FREC? - CORRECT ANSWER 7 members
How many members of the FREC are brokers that have been a broker for at least five
years? - CORRECT ANSWER 4 members
How many members of the FREC are unlicensed consumers? - CORRECT
ANSWER 2 members
What are the three powers that the FREC has? - CORRECT ANSWER Executive
powers, Quasi-legislative powers, and Quasi-judicial powers
Can a licensee engage in real estate services if their license is inactive? - CORRECT
ANSWER No
What is the status of a sales associate's license if his broker's license is suspended,
revoked or the broker dies? - CORRECT ANSWER Involuntary inactive
How many days does a licensee have to notify the DBPR of an address change? -
CORRECT ANSWER 10 days
What is the penalty if a licensee steals duplicates of listings from his previous
employer? - CORRECT ANSWER Breach of trust
What is the penalty if a licensee steals original listings from his previous employer? -
CORRECT ANSWER Larceny
What would a broker be issued if he is the broker of multiple business entities? -
CORRECT ANSWER Multiple licenses
What would a sales associate be required to have if he works for an owner developer
and wishes to work at more than one location? - CORRECT ANSWER A group
license
Can the FREC issue misdemeanors and felonies to a licensee? - CORRECT
ANSWER No. The FREC is an administrative agency.
