FLORIDA REAL ESTATE PRACTICE EXAM NEWEST 2025 COMPLETE 100 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW VERSION!!
Which variable does NOT influence demand?
A) Availability of mortgage credit
B) Availability of construction loans
C) Income of consumers
D) Consumer tastes and preferences - CORRECT ANSWER-B) Availability of
construction loans
Which individual is exempt from the continuing education requirement?
A) Out-of-state Florida licensee
B) Real estate licensee who holds a voluntary inactive license
C) Real estate licensee who is also a Florida-licensed attorney
D) Real estate licensee who earned a four-year degree or higher in real estate -
CORRECT ANSWER-C) Real estate licensee who is also a Florida-licensed attorney
An individual who typically finds a tenant for property and collects a fee is referred
to as
A) an absentee owner.
B) a rental agent.
,C) a property manager.
D) a community association manager. - CORRECT ANSWER-B) a rental agent.
Eligible homestead owners may transfer up to what amount of their Save Our Homes
(SOH) benefit from their previous homestead to a new homestead?
A) $225,000
B) $50,000
C) $500,000
D) $100,000 - CORRECT ANSWER-C) $500,000
How much personal money may a broker place in a property management escrow
account?
A) $200
B) None
C) $5,000
D) $1,000 - CORRECT ANSWER-C) $5,000
If you have located a township numbered T2S, R4E, the township due south of that
township is
A) T3S, R4E.
B) T25, R3E.
C) T2N, R1E.
D) T2S, R5E. - CORRECT ANSWER-A) T3S, R4E.
A property closes on June 10, with the day of closing charged to the buyer. The
buyer is assuming the seller's mortgage loan with its principal balance of $227,500
at 4.5% interest. Which entry will appear on the Closing Disclosure?
A) Debit to seller and credit to buyer in the amount of $252.43
, B) Credit to seller and debit to buyer in the amount of $589.01
C) Credit to seller and debit to buyer in the amount of $252.43
D) Debit to seller and credit to buyer in the amount of $589.01 - CORRECT ANSWER-
A) Debit to seller and credit to buyer in the amount of $252.43
Which expense is subtracted to derive NOI?
A) Depreciation
B) Vacancy and collection losses
C) Income taxes
D) Mortgage payments - CORRECT ANSWER-B) Vacancy and collection losses
Which element is NOT essential in a valid real estate sale contract?
A) A legal objective or purpose
B) The vendor's signature
C) Competent parties
D) An earnest money deposit - CORRECT ANSWER-D) An earnest money deposit
A broker who changes the business address must notify the Commission of the
address change within how many days?
A) 5
B) 30
C) 10
D) 60 - CORRECT ANSWER-C) 10
When the parties to a contract state the terms of the contract and show their
intentions in words, either orally or in writing, what type of contract classification
has been created?
A) Implied
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW VERSION!!
Which variable does NOT influence demand?
A) Availability of mortgage credit
B) Availability of construction loans
C) Income of consumers
D) Consumer tastes and preferences - CORRECT ANSWER-B) Availability of
construction loans
Which individual is exempt from the continuing education requirement?
A) Out-of-state Florida licensee
B) Real estate licensee who holds a voluntary inactive license
C) Real estate licensee who is also a Florida-licensed attorney
D) Real estate licensee who earned a four-year degree or higher in real estate -
CORRECT ANSWER-C) Real estate licensee who is also a Florida-licensed attorney
An individual who typically finds a tenant for property and collects a fee is referred
to as
A) an absentee owner.
B) a rental agent.
,C) a property manager.
D) a community association manager. - CORRECT ANSWER-B) a rental agent.
Eligible homestead owners may transfer up to what amount of their Save Our Homes
(SOH) benefit from their previous homestead to a new homestead?
A) $225,000
B) $50,000
C) $500,000
D) $100,000 - CORRECT ANSWER-C) $500,000
How much personal money may a broker place in a property management escrow
account?
A) $200
B) None
C) $5,000
D) $1,000 - CORRECT ANSWER-C) $5,000
If you have located a township numbered T2S, R4E, the township due south of that
township is
A) T3S, R4E.
B) T25, R3E.
C) T2N, R1E.
D) T2S, R5E. - CORRECT ANSWER-A) T3S, R4E.
A property closes on June 10, with the day of closing charged to the buyer. The
buyer is assuming the seller's mortgage loan with its principal balance of $227,500
at 4.5% interest. Which entry will appear on the Closing Disclosure?
A) Debit to seller and credit to buyer in the amount of $252.43
, B) Credit to seller and debit to buyer in the amount of $589.01
C) Credit to seller and debit to buyer in the amount of $252.43
D) Debit to seller and credit to buyer in the amount of $589.01 - CORRECT ANSWER-
A) Debit to seller and credit to buyer in the amount of $252.43
Which expense is subtracted to derive NOI?
A) Depreciation
B) Vacancy and collection losses
C) Income taxes
D) Mortgage payments - CORRECT ANSWER-B) Vacancy and collection losses
Which element is NOT essential in a valid real estate sale contract?
A) A legal objective or purpose
B) The vendor's signature
C) Competent parties
D) An earnest money deposit - CORRECT ANSWER-D) An earnest money deposit
A broker who changes the business address must notify the Commission of the
address change within how many days?
A) 5
B) 30
C) 10
D) 60 - CORRECT ANSWER-C) 10
When the parties to a contract state the terms of the contract and show their
intentions in words, either orally or in writing, what type of contract classification
has been created?
A) Implied
