Florida Real Estate Sales Associate Exam –
Verified Practice Questions & Answers with
Detailed Rationales (2026 Edition)
Question 1
A buyer and seller enter into a valid contract for the sale of
real property. Before closing, the seller dies. What is the most
likely legal outcome?
A. The contract automatically terminates
B. The buyer may cancel the contract without penalty
C. The seller’s estate remains obligated to perform the
contract
D. Title immediately transfers to the buyer
Rationale: A valid real estate contract generally survives the
death of a party. The seller's estate assumes the contractual
obligations and must proceed with the transaction unless the
contract specifically provides otherwise. Title does not
automatically transfer until closing.
Question 2
Under Florida law, which type of tenancy includes a right of
survivorship?
A. Tenancy in common
B. Estate at will
,C. Estate for years
D. Joint tenancy
Rationale: Joint tenancy includes the four unities of
possession, interest, time, and title, along with the right of
survivorship. Upon the death of one joint tenant, ownership
automatically passes to the surviving joint tenant(s).
Question 3
A property owner grants another person the right to use a
private road across the owner's property. This right is known
as:
A. Encroachment
B. License
C. Easement
D. Lien
Rationale: An easement is a nonpossessory interest that
grants the right to use another person's land for a specific
purpose. Access roads and utility lines are common examples.
Question 4
Which legal description method is generally considered the
most precise?
A. Street address
B. Government survey system
C. Lot and block system
D. Metes and bounds
,Rationale: Metes and bounds descriptions identify property
boundaries using directions, distances, monuments, and
landmarks. They are often used for irregularly shaped parcels
and provide highly detailed descriptions.
Question 5
A sales associate receives an earnest money deposit on
Monday. Assuming no special circumstances exist, by when
must the broker deposit the funds into an escrow account?
A. Monday
B. Tuesday
C. No later than the end of the third business day after
receipt
D. Within seven calendar days
Rationale: Florida law requires brokers to deposit escrow
funds no later than the end of the third business day following
receipt, excluding Saturdays, Sundays, and legal holidays.
Question 6
Which valuation principle states that maximum value is
achieved when land use is legally permissible, physically
possible, financially feasible, and maximally productive?
A. Substitution
B. Regression
C. Conformity
D. Highest and best use
, Rationale: Highest and best use is a fundamental appraisal
concept used to determine the most profitable and legally
acceptable use of a property.
Question 7
A property sold for $420,000. If the buyer made a down
payment of 20%, what was the loan amount?
A. $84,000
B. $294,000
C. $336,000
D. $400,000
Rationale: Twenty percent of $420,000 equals $84,000.
Subtracting the down payment from the purchase price
results in a loan amount of $336,000.
Question 8
A deed that provides the greatest protection to the grantee is
the:
A. Quitclaim deed
B. Bargain and sale deed
C. Special warranty deed
D. General warranty deed
Rationale: A general warranty deed contains the broadest
warranties and guarantees that the grantor will defend the
title against claims arising both before and during the
grantor's ownership.
Verified Practice Questions & Answers with
Detailed Rationales (2026 Edition)
Question 1
A buyer and seller enter into a valid contract for the sale of
real property. Before closing, the seller dies. What is the most
likely legal outcome?
A. The contract automatically terminates
B. The buyer may cancel the contract without penalty
C. The seller’s estate remains obligated to perform the
contract
D. Title immediately transfers to the buyer
Rationale: A valid real estate contract generally survives the
death of a party. The seller's estate assumes the contractual
obligations and must proceed with the transaction unless the
contract specifically provides otherwise. Title does not
automatically transfer until closing.
Question 2
Under Florida law, which type of tenancy includes a right of
survivorship?
A. Tenancy in common
B. Estate at will
,C. Estate for years
D. Joint tenancy
Rationale: Joint tenancy includes the four unities of
possession, interest, time, and title, along with the right of
survivorship. Upon the death of one joint tenant, ownership
automatically passes to the surviving joint tenant(s).
Question 3
A property owner grants another person the right to use a
private road across the owner's property. This right is known
as:
A. Encroachment
B. License
C. Easement
D. Lien
Rationale: An easement is a nonpossessory interest that
grants the right to use another person's land for a specific
purpose. Access roads and utility lines are common examples.
Question 4
Which legal description method is generally considered the
most precise?
A. Street address
B. Government survey system
C. Lot and block system
D. Metes and bounds
,Rationale: Metes and bounds descriptions identify property
boundaries using directions, distances, monuments, and
landmarks. They are often used for irregularly shaped parcels
and provide highly detailed descriptions.
Question 5
A sales associate receives an earnest money deposit on
Monday. Assuming no special circumstances exist, by when
must the broker deposit the funds into an escrow account?
A. Monday
B. Tuesday
C. No later than the end of the third business day after
receipt
D. Within seven calendar days
Rationale: Florida law requires brokers to deposit escrow
funds no later than the end of the third business day following
receipt, excluding Saturdays, Sundays, and legal holidays.
Question 6
Which valuation principle states that maximum value is
achieved when land use is legally permissible, physically
possible, financially feasible, and maximally productive?
A. Substitution
B. Regression
C. Conformity
D. Highest and best use
, Rationale: Highest and best use is a fundamental appraisal
concept used to determine the most profitable and legally
acceptable use of a property.
Question 7
A property sold for $420,000. If the buyer made a down
payment of 20%, what was the loan amount?
A. $84,000
B. $294,000
C. $336,000
D. $400,000
Rationale: Twenty percent of $420,000 equals $84,000.
Subtracting the down payment from the purchase price
results in a loan amount of $336,000.
Question 8
A deed that provides the greatest protection to the grantee is
the:
A. Quitclaim deed
B. Bargain and sale deed
C. Special warranty deed
D. General warranty deed
Rationale: A general warranty deed contains the broadest
warranties and guarantees that the grantor will defend the
title against claims arising both before and during the
grantor's ownership.
