FL REAL ESTATE SALES
ASSOCIATE EXAM REVIEW
QUESTIONS AND ANSWERS
100% PASS
Complaints against licensees are confidential until _____ days after probable cause
is found to exist. - CORRECT 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. -
CORRECT ANSWER-15
Summary Suspension- What is it and who issues it? - CORRECT 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 _________. - CORRECT ANSWER-
Administrative Law Judge
The maximum term for a license suspension is _____ even if it is a first time
offense. - CORRECT ANSWER-10 Years
,A Licensee has ______ to pay a fine. - CORRECT ANSWER-30 Days
A licensee must report a felony conviction to FREC within _____ following the
conviction. - CORRECT ANSWER-30 Days
The maximum administrative fine FREC can impose on a single violation is
________. - CORRECT ANSWER-$5,000
Failing to provide an accurate rental list is a ______ degree misdemeanor
punishable by a fine of _________ and up to _____ in jail. - CORRECT
ANSWER-1st..... $1000, 1
It is a ____ degree felony when an unlicensed person receives commission of a
referral fee. - CORRECT ANSWER-3rd
When the Florida Recovery Fund has to be replenished sales associated will be
charged _____ or _______. - CORRECT 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 - CORRECT 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. - CORRECT ANSWER-FALSE
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
,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. - CORRECT 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. - CORRECT ANSWER-TRUE
Payment of the Florida Recovery Fund due to a licensees wrongdoing will result in
a mandatory revocation of the associate's license. - CORRECT ANSWER-
FALSE- SUSPENSION
A Florida Real Estate Licensee is criminally disciplined for selling drugs in Texas.
FREC will:
a) administratively discipline the licensee
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 - CORRECT 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 - CORRECT ANSWER-C- 2nd Degree misdemeanor;
False Advertising
A Sales associate must first obtain the broker's approval before accepting a post
dated check. - CORRECT ANSWER-TRUE
A sales associate received a binder deposit on monday and turned it over to the
firm on tuesday. The funds must be deposited no later than the end of the business
day on Friday. - CORRECT ANSWER-FALSE- 3 business days, THURSDAY
An example of "conversion" is when a broker spends a sales associate's
commission on his/her office overhead. - CORRECT ANSWER-TRUE
Only by written consent of the buyer can an escrow deposit be placed in an
interred bearing escrow account. - CORRECT ANSWER-FALSE- All interested
parties must be consented and who receives the interest must be stated in writing.
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
ASSOCIATE EXAM REVIEW
QUESTIONS AND ANSWERS
100% PASS
Complaints against licensees are confidential until _____ days after probable cause
is found to exist. - CORRECT 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. -
CORRECT ANSWER-15
Summary Suspension- What is it and who issues it? - CORRECT 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 _________. - CORRECT ANSWER-
Administrative Law Judge
The maximum term for a license suspension is _____ even if it is a first time
offense. - CORRECT ANSWER-10 Years
,A Licensee has ______ to pay a fine. - CORRECT ANSWER-30 Days
A licensee must report a felony conviction to FREC within _____ following the
conviction. - CORRECT ANSWER-30 Days
The maximum administrative fine FREC can impose on a single violation is
________. - CORRECT ANSWER-$5,000
Failing to provide an accurate rental list is a ______ degree misdemeanor
punishable by a fine of _________ and up to _____ in jail. - CORRECT
ANSWER-1st..... $1000, 1
It is a ____ degree felony when an unlicensed person receives commission of a
referral fee. - CORRECT ANSWER-3rd
When the Florida Recovery Fund has to be replenished sales associated will be
charged _____ or _______. - CORRECT 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 - CORRECT 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. - CORRECT ANSWER-FALSE
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
,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. - CORRECT 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. - CORRECT ANSWER-TRUE
Payment of the Florida Recovery Fund due to a licensees wrongdoing will result in
a mandatory revocation of the associate's license. - CORRECT ANSWER-
FALSE- SUSPENSION
A Florida Real Estate Licensee is criminally disciplined for selling drugs in Texas.
FREC will:
a) administratively discipline the licensee
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 - CORRECT 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 - CORRECT ANSWER-C- 2nd Degree misdemeanor;
False Advertising
A Sales associate must first obtain the broker's approval before accepting a post
dated check. - CORRECT ANSWER-TRUE
A sales associate received a binder deposit on monday and turned it over to the
firm on tuesday. The funds must be deposited no later than the end of the business
day on Friday. - CORRECT ANSWER-FALSE- 3 business days, THURSDAY
An example of "conversion" is when a broker spends a sales associate's
commission on his/her office overhead. - CORRECT ANSWER-TRUE
Only by written consent of the buyer can an escrow deposit be placed in an
interred bearing escrow account. - CORRECT ANSWER-FALSE- All interested
parties must be consented and who receives the interest must be stated in writing.
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
