Florida Real Estate Broker Exam
ACTUAL EXAM 2026/2027 |
Complete Exam-Style Q&A | Verified
Q&A | Pass Guaranteed - A+ Graded
TABLE OF CONTENTS
Total Questions: 120
Passing Score: 90%
Section 1: Florida Real Estate License Law & Rules (Q1-25)
Section 2: Brokerage Operations & Management (Q26-45)
Section 3: Real Estate Contracts & Transactions (Q46-60)
Section 4: Property Law (Q61-72)
Section 5: Financing & Mortgages (Q73-84)
Section 6: Valuation & Appraisal (Q85-92)
Section 7: Taxes & Insurance (Q93-100)
SECTION 1: FLORIDA REAL ESTATE LICENSE LAW & RULES
Q1: Under Florida Statute 475.011, which individual is REQUIRED to hold an active Florida real estate
broker license?
A. A property manager who oversees rental properties for a single landlord and receives a salary
B. A person who buys and sells real estate exclusively for their own account as an investment
,C. A person who, for another and for compensation, sells, buys, rents, or auctions real estate
D. A licensed attorney who provides legal advice regarding real estate transactions
Correct Answer: C
Rationale: Florida Statute 475.011 requires any person who, for another and for compensation, engages
in real estate activities including selling, buying, renting, leasing, or auctioning real estate to hold an
active real estate license. Activities for one's own account or salaried property management for a single
owner are exempt. [CORRECT]
Q2: A sales associate in Florida has an inactive license. Which activity is the sales associate PERMITTED
to perform?
A. Show properties to prospective buyers and collect referral fees
B. Perform purely administrative tasks with no real estate-related duties
C. Negotiate lease terms on behalf of the broker
D. Host open houses and collect buyer contact information
Correct Answer: B
Rationale: Florida Statute 475.1815 states that an inactive license does not authorize the licensee to
engage in any real estate activities. The licensee may perform purely administrative tasks unrelated to
real estate, but may not show properties, negotiate, or otherwise engage in licensed activities until the
license is reactivated. [CORRECT]
Q3: Under Florida Statute 475.25(1)(d), what is the MAXIMUM administrative fine the Florida Real
Estate Commission (FREC) may impose on a broker for a first-time violation involving misrepresentation?
A. $1,000
B. $5,000
C. $10,000
D. $25,000
Correct Answer: C
Rationale: Florida Statute 475.25(1)(d) authorizes FREC to impose administrative fines not exceeding
$10,000 for each separate offense. For first-time violations involving misrepresentation, the fine may be
up to $10,000 per count, in addition to other disciplinary actions including license suspension or
revocation. [CORRECT]
,Q4: A Florida broker wants to open a branch office in a different county from the main office. Which
requirement must be satisfied?
A. The branch office must be registered with the Department of Business and Professional Regulation
(DBPR) and have a licensed broker or broker associate designated as the branch office manager
B. The branch office may operate without registration as long as it displays the broker's name
C. The branch office may be managed by an unlicensed office manager
D. The branch office registration is optional if the main office is within 50 miles
Correct Answer: A
Rationale: Florida Administrative Code 61J2-10.026 requires all branch offices to be registered with
DBPR and to have a licensed broker or broker associate designated as the branch office manager. The
branch office must maintain records and comply with all brokerage regulations applicable to the main
office. [CORRECT]
Q5: Under Florida Statute 475.42, which activity constitutes a felony and may result in criminal
penalties?
A. A broker failing to maintain errors and omissions insurance
B. A person acting as a real estate broker or sales associate without a valid license
C. A broker charging a commission rate higher than the industry standard
D. A sales associate failing to attend a continuing education course
Correct Answer: B
Rationale: Florida Statute 475.42 makes it a felony of the third degree for any person to operate as a
real estate broker or sales associate without a valid, active license. This includes engaging in licensed
activities such as listing, selling, leasing, or managing property for compensation without proper
licensure. [CORRECT]
Q6: A Florida sales associate's license expires on March 31, 2027. The sales associate fails to renew by
the deadline. What is the status of the license after expiration, and what must the licensee do to resume
active status?
A. The license is automatically canceled, and the licensee must retake the state exam
B. The license becomes involuntarily inactive, and the licensee may reactivate by completing continuing
education and paying the renewal fee within 12 months
C. The license remains active for 6 months as a grace period
D. The license is suspended, and the licensee must appear before FREC
Correct Answer: B
, Rationale: Under Florida Statute 475.183, if a licensee fails to renew by the expiration date, the license
becomes involuntarily inactive. The licensee may reactivate within 12 months by completing the
required continuing education (14 hours, including 3 hours of core law) and paying the renewal fee plus
any late fees. After 12 months, the license becomes null and void. [CORRECT]
Q7: Under Florida Statute 475.17, what is the minimum age requirement to obtain a Florida real estate
sales associate license?
A. 16 years old
B. 18 years old
C. 21 years old
D. 25 years old
Correct Answer: B
Rationale: Florida Statute 475.17 requires that all applicants for a real estate sales associate license be
at least 18 years of age, hold a high school diploma or equivalent, and complete the required 63-hour
pre-license education course before taking the state examination. [CORRECT]
Q8: A Florida broker is found guilty of commingling personal funds with escrow funds. What is the MOST
severe disciplinary action FREC may impose?
A. A written reprimand and $500 fine
B. License suspension for 6 months
C. License revocation and permanent disqualification from holding a real estate license
D. Mandatory attendance at an ethics course
Correct Answer: C
Rationale: Commingling is one of the most serious violations in real estate practice. Florida Statute
475.25 authorizes FREC to revoke a broker's license and permanently disqualify the individual from
holding any real estate license in Florida. Commingling demonstrates a fundamental breach of fiduciary
duty and trust account integrity. [CORRECT]
Q9: Under Florida Statute 475.611, what is the purpose of the Real Estate Recovery Fund?
A. To provide low-interest loans to first-time homebuyers
B. To reimburse members of the public who have suffered monetary damages due to the actions of a
licensed broker or sales associate
ACTUAL EXAM 2026/2027 |
Complete Exam-Style Q&A | Verified
Q&A | Pass Guaranteed - A+ Graded
TABLE OF CONTENTS
Total Questions: 120
Passing Score: 90%
Section 1: Florida Real Estate License Law & Rules (Q1-25)
Section 2: Brokerage Operations & Management (Q26-45)
Section 3: Real Estate Contracts & Transactions (Q46-60)
Section 4: Property Law (Q61-72)
Section 5: Financing & Mortgages (Q73-84)
Section 6: Valuation & Appraisal (Q85-92)
Section 7: Taxes & Insurance (Q93-100)
SECTION 1: FLORIDA REAL ESTATE LICENSE LAW & RULES
Q1: Under Florida Statute 475.011, which individual is REQUIRED to hold an active Florida real estate
broker license?
A. A property manager who oversees rental properties for a single landlord and receives a salary
B. A person who buys and sells real estate exclusively for their own account as an investment
,C. A person who, for another and for compensation, sells, buys, rents, or auctions real estate
D. A licensed attorney who provides legal advice regarding real estate transactions
Correct Answer: C
Rationale: Florida Statute 475.011 requires any person who, for another and for compensation, engages
in real estate activities including selling, buying, renting, leasing, or auctioning real estate to hold an
active real estate license. Activities for one's own account or salaried property management for a single
owner are exempt. [CORRECT]
Q2: A sales associate in Florida has an inactive license. Which activity is the sales associate PERMITTED
to perform?
A. Show properties to prospective buyers and collect referral fees
B. Perform purely administrative tasks with no real estate-related duties
C. Negotiate lease terms on behalf of the broker
D. Host open houses and collect buyer contact information
Correct Answer: B
Rationale: Florida Statute 475.1815 states that an inactive license does not authorize the licensee to
engage in any real estate activities. The licensee may perform purely administrative tasks unrelated to
real estate, but may not show properties, negotiate, or otherwise engage in licensed activities until the
license is reactivated. [CORRECT]
Q3: Under Florida Statute 475.25(1)(d), what is the MAXIMUM administrative fine the Florida Real
Estate Commission (FREC) may impose on a broker for a first-time violation involving misrepresentation?
A. $1,000
B. $5,000
C. $10,000
D. $25,000
Correct Answer: C
Rationale: Florida Statute 475.25(1)(d) authorizes FREC to impose administrative fines not exceeding
$10,000 for each separate offense. For first-time violations involving misrepresentation, the fine may be
up to $10,000 per count, in addition to other disciplinary actions including license suspension or
revocation. [CORRECT]
,Q4: A Florida broker wants to open a branch office in a different county from the main office. Which
requirement must be satisfied?
A. The branch office must be registered with the Department of Business and Professional Regulation
(DBPR) and have a licensed broker or broker associate designated as the branch office manager
B. The branch office may operate without registration as long as it displays the broker's name
C. The branch office may be managed by an unlicensed office manager
D. The branch office registration is optional if the main office is within 50 miles
Correct Answer: A
Rationale: Florida Administrative Code 61J2-10.026 requires all branch offices to be registered with
DBPR and to have a licensed broker or broker associate designated as the branch office manager. The
branch office must maintain records and comply with all brokerage regulations applicable to the main
office. [CORRECT]
Q5: Under Florida Statute 475.42, which activity constitutes a felony and may result in criminal
penalties?
A. A broker failing to maintain errors and omissions insurance
B. A person acting as a real estate broker or sales associate without a valid license
C. A broker charging a commission rate higher than the industry standard
D. A sales associate failing to attend a continuing education course
Correct Answer: B
Rationale: Florida Statute 475.42 makes it a felony of the third degree for any person to operate as a
real estate broker or sales associate without a valid, active license. This includes engaging in licensed
activities such as listing, selling, leasing, or managing property for compensation without proper
licensure. [CORRECT]
Q6: A Florida sales associate's license expires on March 31, 2027. The sales associate fails to renew by
the deadline. What is the status of the license after expiration, and what must the licensee do to resume
active status?
A. The license is automatically canceled, and the licensee must retake the state exam
B. The license becomes involuntarily inactive, and the licensee may reactivate by completing continuing
education and paying the renewal fee within 12 months
C. The license remains active for 6 months as a grace period
D. The license is suspended, and the licensee must appear before FREC
Correct Answer: B
, Rationale: Under Florida Statute 475.183, if a licensee fails to renew by the expiration date, the license
becomes involuntarily inactive. The licensee may reactivate within 12 months by completing the
required continuing education (14 hours, including 3 hours of core law) and paying the renewal fee plus
any late fees. After 12 months, the license becomes null and void. [CORRECT]
Q7: Under Florida Statute 475.17, what is the minimum age requirement to obtain a Florida real estate
sales associate license?
A. 16 years old
B. 18 years old
C. 21 years old
D. 25 years old
Correct Answer: B
Rationale: Florida Statute 475.17 requires that all applicants for a real estate sales associate license be
at least 18 years of age, hold a high school diploma or equivalent, and complete the required 63-hour
pre-license education course before taking the state examination. [CORRECT]
Q8: A Florida broker is found guilty of commingling personal funds with escrow funds. What is the MOST
severe disciplinary action FREC may impose?
A. A written reprimand and $500 fine
B. License suspension for 6 months
C. License revocation and permanent disqualification from holding a real estate license
D. Mandatory attendance at an ethics course
Correct Answer: C
Rationale: Commingling is one of the most serious violations in real estate practice. Florida Statute
475.25 authorizes FREC to revoke a broker's license and permanently disqualify the individual from
holding any real estate license in Florida. Commingling demonstrates a fundamental breach of fiduciary
duty and trust account integrity. [CORRECT]
Q9: Under Florida Statute 475.611, what is the purpose of the Real Estate Recovery Fund?
A. To provide low-interest loans to first-time homebuyers
B. To reimburse members of the public who have suffered monetary damages due to the actions of a
licensed broker or sales associate
