EXAM REVIEW 2025/2026 EXAM
QUESTIONS AND ANSWERS | 100%
PASS
Complaints against licensees are confidential until _____ days after
probable cause is found to exist. - 🧠 ANSWER ✔✔10
Licensees involved in a first-time offense of a minor nature will receive a
letter of noncompliance. There after the licensee has ____ days to take
corrective action. - 🧠 ANSWER ✔✔15
Summary Suspension- What is it and who issues it? - 🧠 ANSWER ✔✔An
emergency order which immediately places a real estate license
suspension when it is felt the licensee is a danger to the public.
It is issued by the secretary of the DBPR
,A recommended order is issued by the _________. - 🧠 ANSWER
✔✔Administrative Law Judge
The maximum term for a license suspension is _____ even if it is a first
time offense. - 🧠 ANSWER ✔✔10 Years
A Licensee has ______ to pay a fine. - 🧠 ANSWER ✔✔30 Days
A licensee must report a felony conviction to FREC within _____ following
the conviction. - 🧠 ANSWER ✔✔30 Days
The maximum administrative fine FREC can impose on a single violation is
________. - 🧠 ANSWER ✔✔$5,000
Failing to provide an accurate rental list is a ______ degree misdemeanor
punishable by a fine of _________ and up to _____ in jail. - 🧠 ANSWER
✔✔1st..... $1000, 1
It is a ____ degree felony when an unlicensed person receives commission
of a referral fee. - 🧠 ANSWER ✔✔3rd
When the Florida Recovery Fund has to be replenished sales associated
will be charged _____ or _______. - 🧠 ANSWER ✔✔$1.50 per year or $3
per renewal
,The maximum allowable payment from the Florida Recovery Fund for
financial losses suffered due to a licensees act is _______ for a single
transaction with a maximum of ________ for multiple transactions - 🧠
ANSWER ✔✔$50,000..... $150,000
A person's license would probably be revoked if that person is confined to a
hospital for temporary mental incapacity. - 🧠 ANSWER ✔✔FALSE
A person's license would probably be suspended if that person is confined
to a federal prison for an activity not related to real estate. - 🧠 ANSWER
✔✔FALSE- REVOKED FOR A PERIOD OF TIME
A sales associate that takes listings or records with them when they
change firms is guilty of larceny. - 🧠 ANSWER ✔✔TRUE
Payment of the Florida Recovery Fund due to a licensees wrongdoing will
result in a mandatory revocation of the associate's license. - 🧠 ANSWER
✔✔FALSE- SUSPENSION
A Florida Real Estate Licensee is criminally disciplined for selling drugs in
Texas. FREC will:
a) administratively discipline the licensee
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, b) impose a civil penalty
c) criminally prosecute the licensee
d) do nothing as the activity took place in Texas and has nothing to do with
real estate - 🧠 ANSWER ✔✔A) Administratively discipline the licensee
Belongs in court, FREC cannot impose civil penalties
A Brokerage firm advertised on their internet page a property for sale at
$50,000. When a prospect inquired about the sales price the sales
associate claimed it was a typographical error and should have been
advertised for $500,000. This activity is a:
a) 1st degree misdemeanor
b) 3rd degree felony
c) 2nd degree misdemeanor
d) 3rd degree misdemeanor - 🧠 ANSWER ✔✔C- 2nd Degree
misdemeanor; False Advertising
A Sales associate must first obtain the broker's approval before accepting a
post dated check. - 🧠 ANSWER ✔✔TRUE