09-FL-E FL REAL ESTATE LAWS AND RULES
EXAM 2026 PROFESSIONAL PREPARATION
WORKBOOK
◉ A broker was found guilty of commingling. The Real Estate
Commission shall have the power to:
A) impose a fine not to exceed $1,000.
B) impose a fine not to exceed $5,000.
C) imprison the licensee up to one year
D) imprison the licensee up to five years. Answer: A) impose a fine
not to exceed $1,000.
◉ Which of the following is NOT a legitimate reason for a broker or
sales associate to refuse a listing?
A) the seller states an unreasonable list price for the property.
B) the property is not in the firm's geographical service area.
C) the property type is not handled by the firm
D) the owner's minority status would make the property difficult to
sell.. Answer: D) the owner's minority status would make the
property difficult to sell.
,◉ In Georgia, a broker must deposit the earnest money in a separate
trust or escrow account established for that purpose, unless:
A) the amount is less than $500
B) all parties involved have agreed otherwise in writing
C) the broker has established a policy for holding the earnest money
D) the seller has requested that the money be deposited in his or her
account.. Answer: B) all parties involved have agreed otherwise in
writing
◉ A salesperson negotiated the sale of a house for a builder. Because
the house had been on the market for a long time, the builder
offered to give the salesperson a television as a bonus. Which of the
following is true about this situation?
A) The salesperson can accept the bonus only if he notifies the
purchaser.
B) The salesperson can accept the bonus only with the knowledge
and consent of the broker holding the license.
C) Because the value of the bonus is nominal, the salesperson can
accept it without notifying anyone.
D) The salesperson cannot accept the bonus under any
circumstances because that would be an unfair trade practice..
,Answer: B) The salesperson can accept the bonus only with the
knowledge and consent of the broker holding the license.
◉ In the marketing of a condominium unit, the real estate licensee
tells the prospective buyer "that because of the demand for these
units the price will double in five years." This statement by the
licensee is:
A) an acceptable practice in the marketing of residential
condominium units.
B) an example of dual agency and need not be disclosed
C) a violation of the license law
D) required to be in writing and made part of the real estate sales
contract.. Answer: C) a violation of the license law
◉ "For Sale" signs must be moved from the property no later than:
A) the day of the expiration of the listing
B) ten days after the expiration of the listing
C) thirty days after the expiration of the listing
D) a reasonable time after the expiration of the listing. Answer: B)
ten days after the expiration of the listing
, ◉ A broker learns that a neighbor might be selling their house and
proceeds to secure potential buyers without the knowledge and
consent of the owner. Would the broker's action be in violation of
the license law?
A) No, this would be considered an open brokerage agreement
B) No, but he could not advertise the property
C) Yes, the broker is acting in dual capacity
D) Yes, this would be considered an unauthorized offering.. Answer:
D) Yes, this would be considered an unauthorized offering.
◉ A salesperson is holding an open house. A married couple looks at
the house and tells her the house is just what they have been looking
for but they signed a contract to purchase a house down the street
the day before. The salesperson tells them that they can sign a
contract with her to purchase this house and simply not complete
the purchase of the house that they had contracted to buy the day
before. In this situation the salesperson has:
A) properly represented her principal and therefor acted correctly
B) committed an unfair practice by inducing a party to break a
contract.
C) acted properly as long as she notifies her broker of her intentions.
EXAM 2026 PROFESSIONAL PREPARATION
WORKBOOK
◉ A broker was found guilty of commingling. The Real Estate
Commission shall have the power to:
A) impose a fine not to exceed $1,000.
B) impose a fine not to exceed $5,000.
C) imprison the licensee up to one year
D) imprison the licensee up to five years. Answer: A) impose a fine
not to exceed $1,000.
◉ Which of the following is NOT a legitimate reason for a broker or
sales associate to refuse a listing?
A) the seller states an unreasonable list price for the property.
B) the property is not in the firm's geographical service area.
C) the property type is not handled by the firm
D) the owner's minority status would make the property difficult to
sell.. Answer: D) the owner's minority status would make the
property difficult to sell.
,◉ In Georgia, a broker must deposit the earnest money in a separate
trust or escrow account established for that purpose, unless:
A) the amount is less than $500
B) all parties involved have agreed otherwise in writing
C) the broker has established a policy for holding the earnest money
D) the seller has requested that the money be deposited in his or her
account.. Answer: B) all parties involved have agreed otherwise in
writing
◉ A salesperson negotiated the sale of a house for a builder. Because
the house had been on the market for a long time, the builder
offered to give the salesperson a television as a bonus. Which of the
following is true about this situation?
A) The salesperson can accept the bonus only if he notifies the
purchaser.
B) The salesperson can accept the bonus only with the knowledge
and consent of the broker holding the license.
C) Because the value of the bonus is nominal, the salesperson can
accept it without notifying anyone.
D) The salesperson cannot accept the bonus under any
circumstances because that would be an unfair trade practice..
,Answer: B) The salesperson can accept the bonus only with the
knowledge and consent of the broker holding the license.
◉ In the marketing of a condominium unit, the real estate licensee
tells the prospective buyer "that because of the demand for these
units the price will double in five years." This statement by the
licensee is:
A) an acceptable practice in the marketing of residential
condominium units.
B) an example of dual agency and need not be disclosed
C) a violation of the license law
D) required to be in writing and made part of the real estate sales
contract.. Answer: C) a violation of the license law
◉ "For Sale" signs must be moved from the property no later than:
A) the day of the expiration of the listing
B) ten days after the expiration of the listing
C) thirty days after the expiration of the listing
D) a reasonable time after the expiration of the listing. Answer: B)
ten days after the expiration of the listing
, ◉ A broker learns that a neighbor might be selling their house and
proceeds to secure potential buyers without the knowledge and
consent of the owner. Would the broker's action be in violation of
the license law?
A) No, this would be considered an open brokerage agreement
B) No, but he could not advertise the property
C) Yes, the broker is acting in dual capacity
D) Yes, this would be considered an unauthorized offering.. Answer:
D) Yes, this would be considered an unauthorized offering.
◉ A salesperson is holding an open house. A married couple looks at
the house and tells her the house is just what they have been looking
for but they signed a contract to purchase a house down the street
the day before. The salesperson tells them that they can sign a
contract with her to purchase this house and simply not complete
the purchase of the house that they had contracted to buy the day
before. In this situation the salesperson has:
A) properly represented her principal and therefor acted correctly
B) committed an unfair practice by inducing a party to break a
contract.
C) acted properly as long as she notifies her broker of her intentions.
