REAL ESTATE LICENSING
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Exam Solution
ms
50 Most Asked Questions On Florida Real Estate State
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Exam 2026 A+ GRADE ASSURED COMPLETE SOLUTION
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S AND VERIFIED ANSWERS (55E33)
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QUESTION 1 ms
1. Which of the following describes leverage?
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a. Leverage is the same as cash flow.
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b. Leverage is the use of borrowed funds to purchase assets or to finance an investme
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nt.
c. Leverage can only be positive.
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d. Leverage is when an investor uses his equity to finance an investment.
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ANSWER
b
QUESTION 2 ms
2. How is the binder deposit shown on the Closing Disclosure Form?
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a. Credit to the buyer, debit to the seller
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b. Credit to the seller
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c. Credit to the buyer
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d. Debit to the buyer, credit to the seller
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ANSWER
c
QUESTION 3 ms
3. What is the status of a sales associates' license if he/she does not complete the req
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uired post licensing education prior to his/her first renewal cycle?
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a. Involuntary inactive
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b. Void and inactive
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, c. Suspended
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d. Null and void
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ANSWER
d
QUESTION 4 ms
4. Which of the following is not true concerning kickbacks.
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a. Not all kickbacks are illegal.
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b. A real estate licensee may not be paid a fee for referring buyers to a title company.
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c. Kickbacks cannot violate RESPA (Real Estate Settlement Procedures Act).
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d. All kickbacks are illegal.
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ANSWER
d
QUESTION 5 ms
5. When a lender declares all the unpaid balance due and payable as a result of defau
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lt, the lender is exercising which clause in a mortgage?
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a. Due-on-sale clause
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b. Escape clause
ms ms
c. Acceleration clause
ms ms
d. Estoppel clause
ms ms
ANSWER
c
QUESTION 6 ms
6. Which mortgage clause allows the mortgagee the right to demand the outstanding l
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oan balance plus accrued interest in the event that the borrower sells or transfer any
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
interest in the property without the lenders prior written consent?
ms ms ms ms ms ms ms ms ms
a. Due-on-sale Clause
ms ms
b. Escape clause
ms ms
c. Acceleration clause
ms ms
d. Estoppel clause
ms ms
ANSWER
a
QUESTION 7 ms
ms ms
Exam Solution
ms
50 Most Asked Questions On Florida Real Estate State
ms ms ms ms ms ms ms ms ms
Exam 2026 A+ GRADE ASSURED COMPLETE SOLUTION
ms ms ms ms ms ms
S AND VERIFIED ANSWERS (55E33)
ms ms ms ms
QUESTION 1 ms
1. Which of the following describes leverage?
ms ms ms ms ms ms
a. Leverage is the same as cash flow.
ms ms ms ms ms ms ms
b. Leverage is the use of borrowed funds to purchase assets or to finance an investme
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
nt.
c. Leverage can only be positive.
ms ms ms ms ms
d. Leverage is when an investor uses his equity to finance an investment.
ms ms ms ms ms ms ms ms ms ms ms ms
ANSWER
b
QUESTION 2 ms
2. How is the binder deposit shown on the Closing Disclosure Form?
ms ms ms ms ms ms ms ms ms ms ms
a. Credit to the buyer, debit to the seller
ms ms ms ms ms ms ms ms
b. Credit to the seller
ms ms ms ms
c. Credit to the buyer
ms ms ms ms
d. Debit to the buyer, credit to the seller
ms ms ms ms ms ms ms ms
ANSWER
c
QUESTION 3 ms
3. What is the status of a sales associates' license if he/she does not complete the req
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
uired post licensing education prior to his/her first renewal cycle?
ms ms ms ms ms ms ms ms ms
a. Involuntary inactive
ms ms
b. Void and inactive
ms ms ms
, c. Suspended
ms
d. Null and void
ms ms ms
ANSWER
d
QUESTION 4 ms
4. Which of the following is not true concerning kickbacks.
ms ms ms ms ms ms ms ms ms
a. Not all kickbacks are illegal.
ms ms ms ms ms
b. A real estate licensee may not be paid a fee for referring buyers to a title company.
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
c. Kickbacks cannot violate RESPA (Real Estate Settlement Procedures Act).
ms ms ms ms ms ms ms ms ms
d. All kickbacks are illegal.
ms ms ms ms
ANSWER
d
QUESTION 5 ms
5. When a lender declares all the unpaid balance due and payable as a result of defau
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
lt, the lender is exercising which clause in a mortgage?
ms ms ms ms ms ms ms ms ms
a. Due-on-sale clause
ms ms
b. Escape clause
ms ms
c. Acceleration clause
ms ms
d. Estoppel clause
ms ms
ANSWER
c
QUESTION 6 ms
6. Which mortgage clause allows the mortgagee the right to demand the outstanding l
ms ms ms ms ms ms ms ms ms ms ms ms ms
oan balance plus accrued interest in the event that the borrower sells or transfer any
ms ms ms ms ms ms ms ms ms ms ms ms ms ms ms
interest in the property without the lenders prior written consent?
ms ms ms ms ms ms ms ms ms
a. Due-on-sale Clause
ms ms
b. Escape clause
ms ms
c. Acceleration clause
ms ms
d. Estoppel clause
ms ms
ANSWER
a
QUESTION 7 ms
