Practice Exam: Florida State Exam
Questions
1. An applicant for the real estate licensing exam in Florida must submit
which of the following along with an electronic application?
A. an electronic fingerprint
B. a written request for letter of licensure along with a $25 fee
C. a completed Form FD-258 card
D. a completed DBPR 0080-1 form
2. Carla and Derrick Graven own a beach house in Clearwater. Altogether,
their annual taxes are $11,227.50 on an assessed value of $149,700 (house
and land). What is the tax rate in Clearwater?
A. 7.50%
B. 9.00%
C. 10.50%
D. 13.30%
3. Andrew and Emily Belkin own a refurbished Ft. Lauderdale home. This
is their primary residence, but they also own an investment property in the
Keys. Which of the following can be said?
A. They can depreciate the residence but not the investment property.
B. They can depreciate either property that is older than 27 1/2 years.
C. They can depreciate the investment property but not the residence.
D. They can recapture the cost of depreciation on their income taxes.
4. An appraiser typically uses three methods to develop an estimate of a
property's fair market value, giving the greatest weight to that value
which is most appropriate for the subject property. In one approach, the
appraiser estimates the replacement cost or reproduction cost of
improvements. This is known as the cost approach. What is the
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, advantage of this approach?
A. It does not involve the value of the land.
B. It allows for unique properties.
C. It does not require calculations of depreciation
D. It allows for capitalization.
5. What does Regulation Z govern?
A. real estate settlement practices
B. reporting of credit information to credit reporting agencies
C. truth-in-lending practices
D. fiduciary duties of real estate sales associates
6. A listing agreement is a contract between two parties and, therefore,
subject to termination under the same conditions as other contracts.
Which of the following does NOT meet one of the conditions required for
termination of the contract?
A. Karol Haynes, seller, is in a fatal collision and her heirs don't want to sell
the property
B. Lanie Foster, real estate licensee, successfully helps her clients sell their
property as agreed and receives her commission at closing
C. The listing agreement term has passed without a single offer on the
property, so the Greysons decide to take their house off the market
D. Tara Kitts, seller, accepts an offer from Jacob Stein but decides not to
sell after all
7. Which of the following is NOT true of a written offer on a property?
A. It must specify the lender, type and amount of loan, and interest rate and
monthly payments.
B. It can be superseded (cancelled) by a counteroffer.
C. It may include a financing contingency for the buyer to obtain a loan
within two months of the offer.
D. It can be withdrawn at any time before accepted.
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, 8. Which of the following obligations does a real estate sales associate or
broker have to a buyer customer?
A. obedience
B. confidentiality
C. accounting of funds held by the licensee
D. full disclosure
9. RESPA regulates all of the following situations EXCEPT which one?
A. Brick Kingston of Coconut Grove Brokerage discloses, in writing, to
prospective buyers that his firm has an affiliate mortgage brokerage they
may wish to use for financing.
B. Belinda Jackson, seller, requires buyers to purchase title insurance from
Hialeah Title.
C. Jessica and Teddy Whittaker bought a home in Fort Lauderdale last year
and are using their home as collateral for a second mortgage.
D. Tina Casper, a real estate broker, collects a fee for helping a buyer select
a mortgage through a computer system.
10. Which of the following is illegal under Chapter 475 of the Florida
Statutes?
A. Osceola School of Real Estate advertises in connection with affiliated
broker Ken Regent and purports a pass-fail ratio of 7:1 on the state
exam.
B. Maynerd Stahley, a licensee under suspended broker William Hawley,
continues to list and sell houses during William's suspension period as a
subcontractor of William's brokerage firm.
C. Jeanine Trudeau, an unlicensed real estate assistant, develops
promotional materials, schedules client appointments, and assists with
the clerical preparation of contracts supplied by her employing broker.
She works on salary rather than commission.
D. Real estate sales associate Mark Boland acts as a transaction broker to
facilitate a sale between the Gordons and the Paynes.
11. Anyone who wishes to take pre-licensing coursework through a
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, distance education provider must satisfy which of the following
requirements?
A. Complete a minimum of five classroom hours
B. Complete coursework by either distance courses or classroom courses
with a monitored exam at the conclusion
C. Complete coursework by correspondence with a monitored exam at the
conclusion
D. Pass a timed exam at the conclusion of coursework
12. In the state of Florida, what is the maximum commission a broker may
charge for her services?
A. The broker may charge any rate that is agreed upon by the broker and
the buyer or seller.
B. 6 percent
C. 8 percent
D. 5 percent
13. Which of the following terms describes an ownership interest in
property that is absolute and not affected by the death of the owner or
any other person?
A. Intestate
B. estate for years
C. Estate by the entireties
D. fee simple estate
14. Because she had so many clients that failed to come through, Leslie
decided that, as an exclusive Buyer's Agent, she would charge a retainer
fee to all of her clients. She insisted on receiving this up front. The fee is
not refundable, and will apply to closing fees if a transaction is
consummated. If a transaction is not compensated, the retainer belongs
to the Broker who, in turn, would share it with Leslie based upon their
written agreement. Which is most true?
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Questions
1. An applicant for the real estate licensing exam in Florida must submit
which of the following along with an electronic application?
A. an electronic fingerprint
B. a written request for letter of licensure along with a $25 fee
C. a completed Form FD-258 card
D. a completed DBPR 0080-1 form
2. Carla and Derrick Graven own a beach house in Clearwater. Altogether,
their annual taxes are $11,227.50 on an assessed value of $149,700 (house
and land). What is the tax rate in Clearwater?
A. 7.50%
B. 9.00%
C. 10.50%
D. 13.30%
3. Andrew and Emily Belkin own a refurbished Ft. Lauderdale home. This
is their primary residence, but they also own an investment property in the
Keys. Which of the following can be said?
A. They can depreciate the residence but not the investment property.
B. They can depreciate either property that is older than 27 1/2 years.
C. They can depreciate the investment property but not the residence.
D. They can recapture the cost of depreciation on their income taxes.
4. An appraiser typically uses three methods to develop an estimate of a
property's fair market value, giving the greatest weight to that value
which is most appropriate for the subject property. In one approach, the
appraiser estimates the replacement cost or reproduction cost of
improvements. This is known as the cost approach. What is the
https://www.prepagent.com/members/printexam/9335165 2/19/26, 9 51 AM
Page 1 of 52
:
, advantage of this approach?
A. It does not involve the value of the land.
B. It allows for unique properties.
C. It does not require calculations of depreciation
D. It allows for capitalization.
5. What does Regulation Z govern?
A. real estate settlement practices
B. reporting of credit information to credit reporting agencies
C. truth-in-lending practices
D. fiduciary duties of real estate sales associates
6. A listing agreement is a contract between two parties and, therefore,
subject to termination under the same conditions as other contracts.
Which of the following does NOT meet one of the conditions required for
termination of the contract?
A. Karol Haynes, seller, is in a fatal collision and her heirs don't want to sell
the property
B. Lanie Foster, real estate licensee, successfully helps her clients sell their
property as agreed and receives her commission at closing
C. The listing agreement term has passed without a single offer on the
property, so the Greysons decide to take their house off the market
D. Tara Kitts, seller, accepts an offer from Jacob Stein but decides not to
sell after all
7. Which of the following is NOT true of a written offer on a property?
A. It must specify the lender, type and amount of loan, and interest rate and
monthly payments.
B. It can be superseded (cancelled) by a counteroffer.
C. It may include a financing contingency for the buyer to obtain a loan
within two months of the offer.
D. It can be withdrawn at any time before accepted.
https://www.prepagent.com/members/printexam/9335165 2/19/26, 9 51 AM
Page 2 of 52
:
, 8. Which of the following obligations does a real estate sales associate or
broker have to a buyer customer?
A. obedience
B. confidentiality
C. accounting of funds held by the licensee
D. full disclosure
9. RESPA regulates all of the following situations EXCEPT which one?
A. Brick Kingston of Coconut Grove Brokerage discloses, in writing, to
prospective buyers that his firm has an affiliate mortgage brokerage they
may wish to use for financing.
B. Belinda Jackson, seller, requires buyers to purchase title insurance from
Hialeah Title.
C. Jessica and Teddy Whittaker bought a home in Fort Lauderdale last year
and are using their home as collateral for a second mortgage.
D. Tina Casper, a real estate broker, collects a fee for helping a buyer select
a mortgage through a computer system.
10. Which of the following is illegal under Chapter 475 of the Florida
Statutes?
A. Osceola School of Real Estate advertises in connection with affiliated
broker Ken Regent and purports a pass-fail ratio of 7:1 on the state
exam.
B. Maynerd Stahley, a licensee under suspended broker William Hawley,
continues to list and sell houses during William's suspension period as a
subcontractor of William's brokerage firm.
C. Jeanine Trudeau, an unlicensed real estate assistant, develops
promotional materials, schedules client appointments, and assists with
the clerical preparation of contracts supplied by her employing broker.
She works on salary rather than commission.
D. Real estate sales associate Mark Boland acts as a transaction broker to
facilitate a sale between the Gordons and the Paynes.
11. Anyone who wishes to take pre-licensing coursework through a
https://www.prepagent.com/members/printexam/9335165 2/19/26, 9 51 AM
Page 3 of 52
:
, distance education provider must satisfy which of the following
requirements?
A. Complete a minimum of five classroom hours
B. Complete coursework by either distance courses or classroom courses
with a monitored exam at the conclusion
C. Complete coursework by correspondence with a monitored exam at the
conclusion
D. Pass a timed exam at the conclusion of coursework
12. In the state of Florida, what is the maximum commission a broker may
charge for her services?
A. The broker may charge any rate that is agreed upon by the broker and
the buyer or seller.
B. 6 percent
C. 8 percent
D. 5 percent
13. Which of the following terms describes an ownership interest in
property that is absolute and not affected by the death of the owner or
any other person?
A. Intestate
B. estate for years
C. Estate by the entireties
D. fee simple estate
14. Because she had so many clients that failed to come through, Leslie
decided that, as an exclusive Buyer's Agent, she would charge a retainer
fee to all of her clients. She insisted on receiving this up front. The fee is
not refundable, and will apply to closing fees if a transaction is
consummated. If a transaction is not compensated, the retainer belongs
to the Broker who, in turn, would share it with Leslie based upon their
written agreement. Which is most true?
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