FLORIDA REAL ESTATE BROKER EXAM NEWEST
2025-2026 UPDATE REAL PRACTICE EXAM
QUESTIONS & CORRECT ANSWERS | ALREADY
GRADED A+
Content covered (most tested areas): Brokerage management,
real estate law, agency, contracts, finance, appraisal,
investment analysis, property ownership, land use controls,
federal regulations, escrow and trust accounts, disciplinary
procedures, business practices, taxation basics, property
management, disclosure requirements, environmental issues,
homestead, landlord-tenant law, and closing procedures.
1. A broker who operates as a single agent owes which duty to the
principal?
A. Limited confidentiality
B. No fiduciary duties
C. Full fiduciary duties
D. Ministerial services only
Answer: C. Full fiduciary duties
Single agents owe loyalty, obedience, disclosure, confidentiality,
accounting, and skill, which are full fiduciary duties.
2. Which brokerage relationship allows representation of both buyer
and seller with limited duties?
A. Single agency
B. No brokerage
C. Transaction brokerage
, D. Designated agency
Answer: C. Transaction brokerage
Transaction brokers provide limited representation to both parties
without fiduciary loyalty.
3. The statute of frauds requires which agreement to be in writing?
A. Listing agreement
B. Oral lease under one year
C. Property management agreement
D. Buyer representation agreement
Answer: A. Listing agreement
Florida requires brokerage agreements for compensation to be in
writing.
4. Escrow disputes between buyer and seller must be reported to
FREC within how many business days?
A. 5
B. 10
C. 15
D. 30
Answer: C. 15
Florida law requires notification within 15 business days after
dispute arises.
5. A broker’s trust account reconciliation must occur at least:
A. Daily
B. Weekly
C. Monthly
D. Annually
Answer: C. Monthly
, Monthly reconciliation ensures escrow funds are accurately
tracked.
6. The Florida Real Estate Commission consists of how many
members?
A. 5
B. 7
C. 9
D. 11
Answer: B. 7
FREC has seven members appointed by the governor.
7. Which penalty may FREC impose for violations?
A. Imprisonment
B. Revocation
C. Civil lawsuit only
D. Foreclosure
Answer: B. Revocation
FREC can suspend or revoke licenses and impose fines.
8. Homestead protection in Florida primarily protects against:
A. Property taxes
B. Foreclosure for all debts
C. Forced sale by unsecured creditors
D. Zoning violations
Answer: C. Forced sale by unsecured creditors
Homestead limits creditors’ ability to force sale of a primary
residence.
9. A comparative market analysis is best described as:
A. A formal appraisal
2025-2026 UPDATE REAL PRACTICE EXAM
QUESTIONS & CORRECT ANSWERS | ALREADY
GRADED A+
Content covered (most tested areas): Brokerage management,
real estate law, agency, contracts, finance, appraisal,
investment analysis, property ownership, land use controls,
federal regulations, escrow and trust accounts, disciplinary
procedures, business practices, taxation basics, property
management, disclosure requirements, environmental issues,
homestead, landlord-tenant law, and closing procedures.
1. A broker who operates as a single agent owes which duty to the
principal?
A. Limited confidentiality
B. No fiduciary duties
C. Full fiduciary duties
D. Ministerial services only
Answer: C. Full fiduciary duties
Single agents owe loyalty, obedience, disclosure, confidentiality,
accounting, and skill, which are full fiduciary duties.
2. Which brokerage relationship allows representation of both buyer
and seller with limited duties?
A. Single agency
B. No brokerage
C. Transaction brokerage
, D. Designated agency
Answer: C. Transaction brokerage
Transaction brokers provide limited representation to both parties
without fiduciary loyalty.
3. The statute of frauds requires which agreement to be in writing?
A. Listing agreement
B. Oral lease under one year
C. Property management agreement
D. Buyer representation agreement
Answer: A. Listing agreement
Florida requires brokerage agreements for compensation to be in
writing.
4. Escrow disputes between buyer and seller must be reported to
FREC within how many business days?
A. 5
B. 10
C. 15
D. 30
Answer: C. 15
Florida law requires notification within 15 business days after
dispute arises.
5. A broker’s trust account reconciliation must occur at least:
A. Daily
B. Weekly
C. Monthly
D. Annually
Answer: C. Monthly
, Monthly reconciliation ensures escrow funds are accurately
tracked.
6. The Florida Real Estate Commission consists of how many
members?
A. 5
B. 7
C. 9
D. 11
Answer: B. 7
FREC has seven members appointed by the governor.
7. Which penalty may FREC impose for violations?
A. Imprisonment
B. Revocation
C. Civil lawsuit only
D. Foreclosure
Answer: B. Revocation
FREC can suspend or revoke licenses and impose fines.
8. Homestead protection in Florida primarily protects against:
A. Property taxes
B. Foreclosure for all debts
C. Forced sale by unsecured creditors
D. Zoning violations
Answer: C. Forced sale by unsecured creditors
Homestead limits creditors’ ability to force sale of a primary
residence.
9. A comparative market analysis is best described as:
A. A formal appraisal
