2026 FLORIDA REAL ESTATE QUESTIONS AND
ANSWERS SURE A+
✔✔amount of loan, term, interest and payments - ✔✔specified in the promissory note
✔✔3rd party holds title as security - ✔✔Deed of Trust
✔✔sales associate dealing with brokers principle - ✔✔same fiduciary relationship as
broker
✔✔limited broker partnership - ✔✔1 plus general partner and 1 or more limited partners
✔✔Section 3 sections west of section 11 - ✔✔8
✔✔Cost-depreciation approach - ✔✔Principle of substitution
✔✔appraisal for a profitable business - ✔✔Going Concern value
✔✔FHA - ✔✔insures loans
✔✔terms and conditions inferred in a contract - ✔✔Implied contract
, ✔✔not included the income capitalization approach - ✔✔mortgage payments (annual
debt service)
✔✔with an itemized Fed tax return-deductions - ✔✔mortgage interest and real property
taxes
✔✔1st step- city establish property tax rate - ✔✔Estimate a budget
✔✔only first degree misdemeanor - ✔✔violation of rental list and information
✔✔2 or more businesses combine their efforts - ✔✔Joint venture
✔✔hypothecation - ✔✔the pledge of property as security for a loan
✔✔real estate brokerage corporation revokes by FREC - ✔✔All licensees license-
involuntary inactive
✔✔Sales Associate wants to become a broker - ✔✔License under broker/brokers for 2
years
✔✔Limited partnership brokerage requires - ✔✔1 or more general partner and 1 or
more limited partner
✔✔DBPR denied license- applicants rights - ✔✔reason in writing and right to a formal
hearing
✔✔Consumer credit cost disclosure act - ✔✔inform the true cost of credit
✔✔FDIC - ✔✔Federal agency regulating savings and loans
✔✔basic accounting formula - ✔✔Assets= liabilities + owners equity
✔✔legal rights to enter upon another's property - ✔✔easement
✔✔new listing contracts - ✔✔principle must get a copy within 24 hours
✔✔Acceleration Clause (in a mortgage) - ✔✔balance due and payable based on default
✔✔type of market real estate is bought/sold - ✔✔Free
✔✔instructed not to show property to minorities - ✔✔Violation of 1968 civil rights act if
followed
ANSWERS SURE A+
✔✔amount of loan, term, interest and payments - ✔✔specified in the promissory note
✔✔3rd party holds title as security - ✔✔Deed of Trust
✔✔sales associate dealing with brokers principle - ✔✔same fiduciary relationship as
broker
✔✔limited broker partnership - ✔✔1 plus general partner and 1 or more limited partners
✔✔Section 3 sections west of section 11 - ✔✔8
✔✔Cost-depreciation approach - ✔✔Principle of substitution
✔✔appraisal for a profitable business - ✔✔Going Concern value
✔✔FHA - ✔✔insures loans
✔✔terms and conditions inferred in a contract - ✔✔Implied contract
, ✔✔not included the income capitalization approach - ✔✔mortgage payments (annual
debt service)
✔✔with an itemized Fed tax return-deductions - ✔✔mortgage interest and real property
taxes
✔✔1st step- city establish property tax rate - ✔✔Estimate a budget
✔✔only first degree misdemeanor - ✔✔violation of rental list and information
✔✔2 or more businesses combine their efforts - ✔✔Joint venture
✔✔hypothecation - ✔✔the pledge of property as security for a loan
✔✔real estate brokerage corporation revokes by FREC - ✔✔All licensees license-
involuntary inactive
✔✔Sales Associate wants to become a broker - ✔✔License under broker/brokers for 2
years
✔✔Limited partnership brokerage requires - ✔✔1 or more general partner and 1 or
more limited partner
✔✔DBPR denied license- applicants rights - ✔✔reason in writing and right to a formal
hearing
✔✔Consumer credit cost disclosure act - ✔✔inform the true cost of credit
✔✔FDIC - ✔✔Federal agency regulating savings and loans
✔✔basic accounting formula - ✔✔Assets= liabilities + owners equity
✔✔legal rights to enter upon another's property - ✔✔easement
✔✔new listing contracts - ✔✔principle must get a copy within 24 hours
✔✔Acceleration Clause (in a mortgage) - ✔✔balance due and payable based on default
✔✔type of market real estate is bought/sold - ✔✔Free
✔✔instructed not to show property to minorities - ✔✔Violation of 1968 civil rights act if
followed
