Florida Real Estate
Broker Final Exam
Questions And Correct
Answers (Verified
Answers) Plus
Rationales 2025/2026
Q&A | Instant
Download Pdf
1. A Florida real estate broker must maintain escrow
accounts in which manner?
A. Mixed with personal funds
B. Separate from all other business accounts
C. In any bank account of choice
D. Only in out-of-state banks
,Answer: B. Separate from all other business accounts
Rationale: Florida law requires escrow funds to be kept in a
separate, properly designated escrow account.
2. Which entity regulates real estate licenses in Florida?
A. FDIC
B. Florida Department of Revenue
C. Florida Real Estate Commission (FREC)
D. Florida Banking Board
Answer: C. Florida Real Estate Commission (FREC)
Rationale: FREC oversees licensing, education, and discipline
of real estate professionals.
3. A broker must retain transaction records for at least:
A. 1 year
B. 2 years
C. 5 years
D. 7 years
Answer: B. 2 years
Rationale: Florida requires brokers to retain records for a
minimum of 2 years.
4. Which fiduciary duty requires a broker to disclose all
known facts affecting property value?
,A. Obedience
B. Loyalty
C. Disclosure
D. Accounting
Answer: C. Disclosure
Rationale: Brokers must disclose all material facts known to
them.
5. The Florida Brokerage Relationship Disclosure Act applies
when:
A. Advertising property
B. First substantive contact occurs
C. Closing occurs
D. Title transfers
Answer: B. First substantive contact occurs
Rationale: Disclosure must occur at first meaningful
interaction.
6. Which contract must be in writing under Florida Statute
of Frauds?
A. Lease under 12 months
B. Oral listing agreement
C. Sale of real property
D. Verbal rental agreement
, Answer: C. Sale of real property
Rationale: Real estate sales contracts must be written to be
enforceable.
7. A broker acting as a single agent owes:
A. Neutrality
B. Fiduciary duties to one party
C. No disclosure duties
D. Only honesty
Answer: B. Fiduciary duties to one party
Rationale: Single agency requires loyalty to one principal.
8. Which is NOT a fiduciary duty?
A. Accounting
B. Loyalty
C. Market analysis
D. Obedience
Answer: C. Market analysis
Rationale: Market analysis is a service, not a fiduciary duty.
9. The purpose of the Florida Real Estate Recovery Fund is
to:
A. Pay brokers’ salaries
B. Compensate victims of fraud
Broker Final Exam
Questions And Correct
Answers (Verified
Answers) Plus
Rationales 2025/2026
Q&A | Instant
Download Pdf
1. A Florida real estate broker must maintain escrow
accounts in which manner?
A. Mixed with personal funds
B. Separate from all other business accounts
C. In any bank account of choice
D. Only in out-of-state banks
,Answer: B. Separate from all other business accounts
Rationale: Florida law requires escrow funds to be kept in a
separate, properly designated escrow account.
2. Which entity regulates real estate licenses in Florida?
A. FDIC
B. Florida Department of Revenue
C. Florida Real Estate Commission (FREC)
D. Florida Banking Board
Answer: C. Florida Real Estate Commission (FREC)
Rationale: FREC oversees licensing, education, and discipline
of real estate professionals.
3. A broker must retain transaction records for at least:
A. 1 year
B. 2 years
C. 5 years
D. 7 years
Answer: B. 2 years
Rationale: Florida requires brokers to retain records for a
minimum of 2 years.
4. Which fiduciary duty requires a broker to disclose all
known facts affecting property value?
,A. Obedience
B. Loyalty
C. Disclosure
D. Accounting
Answer: C. Disclosure
Rationale: Brokers must disclose all material facts known to
them.
5. The Florida Brokerage Relationship Disclosure Act applies
when:
A. Advertising property
B. First substantive contact occurs
C. Closing occurs
D. Title transfers
Answer: B. First substantive contact occurs
Rationale: Disclosure must occur at first meaningful
interaction.
6. Which contract must be in writing under Florida Statute
of Frauds?
A. Lease under 12 months
B. Oral listing agreement
C. Sale of real property
D. Verbal rental agreement
, Answer: C. Sale of real property
Rationale: Real estate sales contracts must be written to be
enforceable.
7. A broker acting as a single agent owes:
A. Neutrality
B. Fiduciary duties to one party
C. No disclosure duties
D. Only honesty
Answer: B. Fiduciary duties to one party
Rationale: Single agency requires loyalty to one principal.
8. Which is NOT a fiduciary duty?
A. Accounting
B. Loyalty
C. Market analysis
D. Obedience
Answer: C. Market analysis
Rationale: Market analysis is a service, not a fiduciary duty.
9. The purpose of the Florida Real Estate Recovery Fund is
to:
A. Pay brokers’ salaries
B. Compensate victims of fraud
