CORRECT ANSWER WITH EXPLANATION LATEST 2025-
2026
1. The Florida Real Estate Commission (FREC) is part of:
A. Federal Reserve
B. Florida Department of Business and Professional Regulation
C. County Clerk Office
D. HUD
Answer: B
Rationale: FREC operates under the Florida DBPR.
2. A real estate broker in Florida must be:
A. Unlicensed
B. Licensed and actively registered with DBPR
C. A lender
D. A contractor
Answer: B
Rationale: Brokers must be licensed and registered in Florida.
3. A broker associate is:
A. Unlicensed assistant
B. Licensed broker working under another broker
C. Salesperson only
D. Title officer
Answer: B
Rationale: A broker associate holds a broker license but works under another broker.
4. A sales associate must work under:
,A. Another sales associate
B. A broker
C. A lender
D. A buyer
Answer: B
Rationale: Sales associates must be supervised by a broker.
5. Real property includes:
A. Vehicles
B. Land and permanent improvements
C. Furniture
D. Money
Answer: B
Rationale: Real property includes land and attachments.
6. Personal property is also called:
A. Fixtures
B. Chattels
C. Estate
D. Title
Answer: B
Rationale: Personal property is movable (chattels).
7. A fixture is:
A. Personal property
B. Permanently attached item
C. Loan document
D. Cash asset
Answer: B
Rationale: Fixtures become part of real property.
8. The Statute of Frauds requires:
, A. Oral agreements
B. Real estate contracts in writing
C. Verbal leases only
D. Bank approval
Answer: B
Rationale: Real estate contracts must be written.
9. Fiduciary duty includes:
A. Loyalty
B. Advertising
C. Lending
D. Tax filing
Answer: A
Rationale: Fiduciary duties include loyalty, care, obedience.
10. Which is NOT a fiduciary duty?
A. Confidentiality
B. Accounting
C. Marketing
D. Loyalty
Answer: C
Rationale: Marketing is not a fiduciary duty.
11. The Fair Housing Act prohibits discrimination based on:
A. Income
B. Protected classes (race, color, religion, sex, etc.)
C. Job type
D. Education
Answer: B
Rationale: Federal protected classes apply.
12. Steering is: