Florida Real Estate Salesperson License
Exam Official Practice Exam Actual
Exam 2026/2027 with Detailed Rationales
| Complete Exam-Style Questions | Pass
Guaranteed – A+ Graded
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SECTION 1: FLORIDA REAL ESTATE LICENSE LAW & RULES Q1 – Q10
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Question 1 of 50
A sales associate who just received their license wants to work for two different brokers
part-time to maximize their income during the first year.
A. Register with both brokers and split commissions equally
B. Work as an independent contractor for both without DBPR notification
C. Hold active licenses with only one broker at any given time ✓ CORRECT
D. Obtain a broker's license to represent multiple firms
Correct Answer: C
Rationale: Florida law requires sales associates to hold their license with only one employing
broker at a time, and they must notify the DBPR within 10 days of any change. Working for
two brokers simultaneously is a common misconception among new licensees. The
associate would need to transfer their license if switching employers.
Question 2 of 50
A licensee places a $5,000 earnest money deposit into their personal checking account while
waiting for the closing date next week.
A. Immediately return the funds and face disciplinary action regardless of intent ✓ CORRECT
B. Keep the deposit secure since the closing is only days away
C. Transfer the funds to the broker's business account by the end of the month
D. Disclose the commingling to both parties in writing
Correct Answer: A
,Rationale: Florida law strictly prohibits commingling of escrow funds with personal money,
and doing so is a violation regardless of the licensee's intent or how briefly the funds are
held. Even a short-term placement in a personal account constitutes grounds for disciplinary
action by the FREC. All escrow funds must be deposited into the broker's escrow or title
company account immediately.
Question 3 of 50
A broker receives an offer on a listed property and notices the buyer's agent is unlicensed but
claims to be a "consultant" assisting the buyer.
A. Allow the transaction to proceed since the consultant is working for the buyer
B. Refuse to pay a commission and report the unlicensed activity to the DBPR ✓ CORRECT
C. Pay the consultant directly and deduct it from the listing commission
D. Require the buyer to sign a waiver releasing the broker from liability
Correct Answer: B
Rationale: Florida law prohibits paying compensation to unlicensed persons for real estate
services, and brokers must report unlicensed activity to the DBPR. Accepting the arrangement
would expose the broker to disciplinary action and potential fines. The broker can still work
with the buyer directly but cannot compensate someone performing licensed activities
without a license.
Question 4 of 50
A sales associate runs a Facebook ad featuring a new listing without including their broker's
name anywhere in the post.
A. Include the broker's name only in the property description section
B. Add the broker's name to the ad within 48 hours of posting
C. Remove the ad since only brokers may advertise properties
D. Ensure the broker's name appears clearly and prominently in the advertisement ✓
CORRECT
Correct Answer: D
Rationale: Florida advertising rules require all sales associate advertisements to include the
broker's name prominently so consumers know who is responsible for the representation.
The ad must be corrected immediately, not within 48 hours. Sales associates are permitted
to advertise, but the broker's identity must never be obscured or omitted.
Question 5 of 50
A broker's escrow account contains $50,000 in total deposits from various transactions. The
broker wants to earn interest on these funds while they are held.
, A. Obtain written consent from all parties involved in each transaction ✓ CORRECT
B. Open a separate interest-bearing account for each deposit
C. Transfer the funds to a money market account held in the broker's name
D. Keep the interest as additional commission income
Correct Answer: A
Rationale: Florida law allows interest on escrow deposits only when all parties to the
transaction provide written consent, and the interest must be handled according to their
agreement. Simply moving funds to a different account type or keeping the interest as
income violates escrow rules. Brokers must maintain clear records of any interest
arrangement approved by the parties.
Question 6 of 50
A licensee fails to complete their 14-hour continuing education requirement before their
license renewal date.
A. Pay a late fee and complete the education within 30 days
B. Have their license become involuntarily inactive until education is completed ✓ CORRECT
C. Automatically receive a 6-month grace period from the DBPR
D. Renew the license and complete the education during the next cycle
Correct Answer: B
Rationale: Florida law states that failure to complete continuing education by the renewal
deadline causes the license to become involuntarily inactive, preventing the licensee from
performing real estate services. There is no automatic grace period for education
compliance, and the license cannot be renewed until the requirement is satisfied. The
licensee must complete the education and pay a reactivation fee to resume active status.
Question 7 of 50
A property manager who is not a licensed real estate broker collects rent and negotiates
lease terms for a 20-unit apartment complex owned by an out-of-state investor.
A. Register as a sales associate under the property owner's license
B. Obtain a limited real estate license for property management only
C. Hold a valid broker's license to perform these activities for others ✓ CORRECT
D. Work exclusively as an employee of the property owner without compensation
Correct Answer: C
Rationale: In Florida, property management activities including renting and leasing for others
require a real estate broker's license, as these constitute real estate services for
compensation. There is no separate or limited license category for property management in
Exam Official Practice Exam Actual
Exam 2026/2027 with Detailed Rationales
| Complete Exam-Style Questions | Pass
Guaranteed – A+ Graded
══════════════════════════════════════
SECTION 1: FLORIDA REAL ESTATE LICENSE LAW & RULES Q1 – Q10
══════════════════════════════════════
Question 1 of 50
A sales associate who just received their license wants to work for two different brokers
part-time to maximize their income during the first year.
A. Register with both brokers and split commissions equally
B. Work as an independent contractor for both without DBPR notification
C. Hold active licenses with only one broker at any given time ✓ CORRECT
D. Obtain a broker's license to represent multiple firms
Correct Answer: C
Rationale: Florida law requires sales associates to hold their license with only one employing
broker at a time, and they must notify the DBPR within 10 days of any change. Working for
two brokers simultaneously is a common misconception among new licensees. The
associate would need to transfer their license if switching employers.
Question 2 of 50
A licensee places a $5,000 earnest money deposit into their personal checking account while
waiting for the closing date next week.
A. Immediately return the funds and face disciplinary action regardless of intent ✓ CORRECT
B. Keep the deposit secure since the closing is only days away
C. Transfer the funds to the broker's business account by the end of the month
D. Disclose the commingling to both parties in writing
Correct Answer: A
,Rationale: Florida law strictly prohibits commingling of escrow funds with personal money,
and doing so is a violation regardless of the licensee's intent or how briefly the funds are
held. Even a short-term placement in a personal account constitutes grounds for disciplinary
action by the FREC. All escrow funds must be deposited into the broker's escrow or title
company account immediately.
Question 3 of 50
A broker receives an offer on a listed property and notices the buyer's agent is unlicensed but
claims to be a "consultant" assisting the buyer.
A. Allow the transaction to proceed since the consultant is working for the buyer
B. Refuse to pay a commission and report the unlicensed activity to the DBPR ✓ CORRECT
C. Pay the consultant directly and deduct it from the listing commission
D. Require the buyer to sign a waiver releasing the broker from liability
Correct Answer: B
Rationale: Florida law prohibits paying compensation to unlicensed persons for real estate
services, and brokers must report unlicensed activity to the DBPR. Accepting the arrangement
would expose the broker to disciplinary action and potential fines. The broker can still work
with the buyer directly but cannot compensate someone performing licensed activities
without a license.
Question 4 of 50
A sales associate runs a Facebook ad featuring a new listing without including their broker's
name anywhere in the post.
A. Include the broker's name only in the property description section
B. Add the broker's name to the ad within 48 hours of posting
C. Remove the ad since only brokers may advertise properties
D. Ensure the broker's name appears clearly and prominently in the advertisement ✓
CORRECT
Correct Answer: D
Rationale: Florida advertising rules require all sales associate advertisements to include the
broker's name prominently so consumers know who is responsible for the representation.
The ad must be corrected immediately, not within 48 hours. Sales associates are permitted
to advertise, but the broker's identity must never be obscured or omitted.
Question 5 of 50
A broker's escrow account contains $50,000 in total deposits from various transactions. The
broker wants to earn interest on these funds while they are held.
, A. Obtain written consent from all parties involved in each transaction ✓ CORRECT
B. Open a separate interest-bearing account for each deposit
C. Transfer the funds to a money market account held in the broker's name
D. Keep the interest as additional commission income
Correct Answer: A
Rationale: Florida law allows interest on escrow deposits only when all parties to the
transaction provide written consent, and the interest must be handled according to their
agreement. Simply moving funds to a different account type or keeping the interest as
income violates escrow rules. Brokers must maintain clear records of any interest
arrangement approved by the parties.
Question 6 of 50
A licensee fails to complete their 14-hour continuing education requirement before their
license renewal date.
A. Pay a late fee and complete the education within 30 days
B. Have their license become involuntarily inactive until education is completed ✓ CORRECT
C. Automatically receive a 6-month grace period from the DBPR
D. Renew the license and complete the education during the next cycle
Correct Answer: B
Rationale: Florida law states that failure to complete continuing education by the renewal
deadline causes the license to become involuntarily inactive, preventing the licensee from
performing real estate services. There is no automatic grace period for education
compliance, and the license cannot be renewed until the requirement is satisfied. The
licensee must complete the education and pay a reactivation fee to resume active status.
Question 7 of 50
A property manager who is not a licensed real estate broker collects rent and negotiates
lease terms for a 20-unit apartment complex owned by an out-of-state investor.
A. Register as a sales associate under the property owner's license
B. Obtain a limited real estate license for property management only
C. Hold a valid broker's license to perform these activities for others ✓ CORRECT
D. Work exclusively as an employee of the property owner without compensation
Correct Answer: C
Rationale: In Florida, property management activities including renting and leasing for others
require a real estate broker's license, as these constitute real estate services for
compensation. There is no separate or limited license category for property management in
