09-FL-E FL REAL ESTATE LAWS AND RULES
EXAM 2026 FULL PRACTICE QUESTIONS AND
ANSWERS
◉ What is a real estate Broker? Answer: Any person, partnership,
corp, LLC, assoc, or other business entity who for a compensation or
promise, LLBEANS (List, Lease, Buy, Exchange, Auction, Negotiate,
Sell). Crier of sales not included.
◉ What qualifies a person to be a broker-in-charge? Answer: Must
have two years of full-time real estate brokerage experience or an
equivalent of part-time work (previous 5 yr) and complete a 12-
hour BIC course.
◉ What is a Provisional Broker? Answer: Entry-level license status
category. Person has met all license qualifications (75-hour pre
licensing class and passing the Commission's exam)
◉ Who can do real estate activities and not need a license? (Exempt
activities) Answer: • A partnership, corporation, LLC, association or
other business entity that, as owner or lessor, performs acts in the
regular course of business - extends to officers and employees of the
company.
,• Someone acting as attorney-in-fact under duly executed power of
attorney.
• Acts or services performed by an attorney who is an active
member of the NC State Bar.
• Any person acting under order of any court as executor.
• Any individual owner who personally leases or sells their own
property.
• Any housing authority.
◉ What are the license status categories of a broker license?
Answer: Provisional Broker
Broker
Broker-in-Charge
◉ What can a Provisional Broker do? Answer: Basically anything a
BROKER does, but it must be under direct supervision of a broker-
in-charge.
◉ How do I remove the Provisional Broker status? Answer: • Must
complete 3 postlicensing courses within 3 years, at least 1 per year.
• 90 hours of postlicensing (3 - 30hr classes)
• If not completed in time, license goes inactive
, ◉ Describe the NC Real Estate Commission membership/board
Answer: • 9 members. 7 are appointed by the Governor. 2 appointed
by the General Assembly based on recommendations of the Senate
and the House, respectively.
• At least 3 must be licensed brokers. 2 must have no affiliation with
real estate.
• Terms are staggered every 3 years, so 3 expire one year, 3 the
second year, 3 the third. They are compensated.
◉ Describe the rules for Limited Nonresident Commercial Brokers
Answer: • US Resident (no Corp) not residing in NC, active licensed
broker in another state supervised by BIC according to state rules.
• Good moral character
• Submit application and background check to Commission
• Must affiliate with a resident NC Broker
◉ What are the requirements for Licensing of Individual Persons?
Answer: • Must be 18 or older
• Pass a RE Prelicensing course within 3 years
• Submit application, background check and fee
◉ How much Continuing Education does a broker need each year?
Answer: At least 8 hours of continuing education must be completed
by a licensed broker each year. If not completed, the broker cannot
practice real estate.
EXAM 2026 FULL PRACTICE QUESTIONS AND
ANSWERS
◉ What is a real estate Broker? Answer: Any person, partnership,
corp, LLC, assoc, or other business entity who for a compensation or
promise, LLBEANS (List, Lease, Buy, Exchange, Auction, Negotiate,
Sell). Crier of sales not included.
◉ What qualifies a person to be a broker-in-charge? Answer: Must
have two years of full-time real estate brokerage experience or an
equivalent of part-time work (previous 5 yr) and complete a 12-
hour BIC course.
◉ What is a Provisional Broker? Answer: Entry-level license status
category. Person has met all license qualifications (75-hour pre
licensing class and passing the Commission's exam)
◉ Who can do real estate activities and not need a license? (Exempt
activities) Answer: • A partnership, corporation, LLC, association or
other business entity that, as owner or lessor, performs acts in the
regular course of business - extends to officers and employees of the
company.
,• Someone acting as attorney-in-fact under duly executed power of
attorney.
• Acts or services performed by an attorney who is an active
member of the NC State Bar.
• Any person acting under order of any court as executor.
• Any individual owner who personally leases or sells their own
property.
• Any housing authority.
◉ What are the license status categories of a broker license?
Answer: Provisional Broker
Broker
Broker-in-Charge
◉ What can a Provisional Broker do? Answer: Basically anything a
BROKER does, but it must be under direct supervision of a broker-
in-charge.
◉ How do I remove the Provisional Broker status? Answer: • Must
complete 3 postlicensing courses within 3 years, at least 1 per year.
• 90 hours of postlicensing (3 - 30hr classes)
• If not completed in time, license goes inactive
, ◉ Describe the NC Real Estate Commission membership/board
Answer: • 9 members. 7 are appointed by the Governor. 2 appointed
by the General Assembly based on recommendations of the Senate
and the House, respectively.
• At least 3 must be licensed brokers. 2 must have no affiliation with
real estate.
• Terms are staggered every 3 years, so 3 expire one year, 3 the
second year, 3 the third. They are compensated.
◉ Describe the rules for Limited Nonresident Commercial Brokers
Answer: • US Resident (no Corp) not residing in NC, active licensed
broker in another state supervised by BIC according to state rules.
• Good moral character
• Submit application and background check to Commission
• Must affiliate with a resident NC Broker
◉ What are the requirements for Licensing of Individual Persons?
Answer: • Must be 18 or older
• Pass a RE Prelicensing course within 3 years
• Submit application, background check and fee
◉ How much Continuing Education does a broker need each year?
Answer: At least 8 hours of continuing education must be completed
by a licensed broker each year. If not completed, the broker cannot
practice real estate.
