Florida real estate exam Newest 2026 witH CorreCt aCtUal
QUestioNs aNd CorreCtlY well deFiNed aNswers latest alreadY
Graded a+ || JUst released
Temporary Incapacitation of license - CorreCt aNswer-mandatory suspension
out of state broker receives a commission - CorreCt aNswer-cannot participate in the
transaction
city needs a new school, acquire land by - CorreCt aNswer-eminent domain
All legal rights transferred (100%) - CorreCt aNswer-assignment
Dual Agency - CorreCt aNswer-Representing both parties to a transaction. This is
unethical unless both parties agree to it, and it is illegal in many states (Violation of
Florida Statute 475
Combining two or more parcels of land - CorreCt aNswer-assemblage
Real Estate Recovery fund is funded by - CorreCt aNswer-fines and fees paid by
licensees
Riparian Rights - CorreCt aNswer-An owner's rights in land that borders on or includes
a stream, river, or lake. These rights include access to and use of the water.
Broker hiding value of property - CorreCt aNswer-Could be charged with concealment
If office is closed, reopened, in same license period - CorreCt aNswer-request a
reissue- no fee
,real estate taxes are - CorreCt aNswer-Ad Valorem tax
The four factors of production - CorreCt aNswer-land, labor, capital, and
entrepreneurial ability
Maximum number of years on FREC - CorreCt aNswer-no limit
Land, improvements, interest and rights - CorreCt aNswer-Real Property
Gross lease - CorreCt aNswer-Tenant pays a fixed rent and the landlord (Lesser) pays
all property expenses
To cure a defect or cloud on the title to a piece of property, the parties should: - CorreCt
aNswer-quitclam deed
Sales associate working for a broker - CorreCt aNswer-general agency relationship
Brokers office - CorreCt aNswer-Building of stationary construction
More than 1 active broker, 1 license revoked - CorreCt aNswer-no affect on other
licenses
Corporation registered to broker real estate - CorreCt aNswer-at least 1 officer licensed
as an active broker
Equal DUE rights, same or different deeds - CorreCt aNswer-Tenancy in common
rental property is temporarily diminished - CorreCt aNswer-see temporary reduction of
rent from court
property to property with same utility - CorreCt aNswer-Principle of Substitution
, Broker refuses to pay a commission due - CorreCt aNswer-Charged with Failure to
Account
$50,000 - CorreCt aNswer-Single judgement from Real Estate Recovery Fund
Post-dated check - CorreCt aNswer-Legal- give to broker immediately
Business known as a company - CorreCt aNswer-is a corporation for profit
Broker represents as escrow agent - CorreCt aNswer-Buyer and seller
Expert knowledge by RE licensees - CorreCt aNswer-Valuation, Marketing, Property
Transfer
Financial protection due to defective title - CorreCt aNswer-Title insurance
1 bath in a 4 bed home - CorreCt aNswer-functional obsolescence
Least effective method of the FED Reserve - CorreCt aNswer-Changing the discount
rate
Seeking testimony from a witness - CorreCt aNswer-Administrative law judge will
subpoena
Tenant in property with temporary agreement - CorreCt aNswer-Tenancy at will
Cannot comply with legal instructions - CorreCt aNswer-Withdraw from the transaction
Developer conveys ownership-streets etc. - CorreCt aNswer-Dedication
QUestioNs aNd CorreCtlY well deFiNed aNswers latest alreadY
Graded a+ || JUst released
Temporary Incapacitation of license - CorreCt aNswer-mandatory suspension
out of state broker receives a commission - CorreCt aNswer-cannot participate in the
transaction
city needs a new school, acquire land by - CorreCt aNswer-eminent domain
All legal rights transferred (100%) - CorreCt aNswer-assignment
Dual Agency - CorreCt aNswer-Representing both parties to a transaction. This is
unethical unless both parties agree to it, and it is illegal in many states (Violation of
Florida Statute 475
Combining two or more parcels of land - CorreCt aNswer-assemblage
Real Estate Recovery fund is funded by - CorreCt aNswer-fines and fees paid by
licensees
Riparian Rights - CorreCt aNswer-An owner's rights in land that borders on or includes
a stream, river, or lake. These rights include access to and use of the water.
Broker hiding value of property - CorreCt aNswer-Could be charged with concealment
If office is closed, reopened, in same license period - CorreCt aNswer-request a
reissue- no fee
,real estate taxes are - CorreCt aNswer-Ad Valorem tax
The four factors of production - CorreCt aNswer-land, labor, capital, and
entrepreneurial ability
Maximum number of years on FREC - CorreCt aNswer-no limit
Land, improvements, interest and rights - CorreCt aNswer-Real Property
Gross lease - CorreCt aNswer-Tenant pays a fixed rent and the landlord (Lesser) pays
all property expenses
To cure a defect or cloud on the title to a piece of property, the parties should: - CorreCt
aNswer-quitclam deed
Sales associate working for a broker - CorreCt aNswer-general agency relationship
Brokers office - CorreCt aNswer-Building of stationary construction
More than 1 active broker, 1 license revoked - CorreCt aNswer-no affect on other
licenses
Corporation registered to broker real estate - CorreCt aNswer-at least 1 officer licensed
as an active broker
Equal DUE rights, same or different deeds - CorreCt aNswer-Tenancy in common
rental property is temporarily diminished - CorreCt aNswer-see temporary reduction of
rent from court
property to property with same utility - CorreCt aNswer-Principle of Substitution
, Broker refuses to pay a commission due - CorreCt aNswer-Charged with Failure to
Account
$50,000 - CorreCt aNswer-Single judgement from Real Estate Recovery Fund
Post-dated check - CorreCt aNswer-Legal- give to broker immediately
Business known as a company - CorreCt aNswer-is a corporation for profit
Broker represents as escrow agent - CorreCt aNswer-Buyer and seller
Expert knowledge by RE licensees - CorreCt aNswer-Valuation, Marketing, Property
Transfer
Financial protection due to defective title - CorreCt aNswer-Title insurance
1 bath in a 4 bed home - CorreCt aNswer-functional obsolescence
Least effective method of the FED Reserve - CorreCt aNswer-Changing the discount
rate
Seeking testimony from a witness - CorreCt aNswer-Administrative law judge will
subpoena
Tenant in property with temporary agreement - CorreCt aNswer-Tenancy at will
Cannot comply with legal instructions - CorreCt aNswer-Withdraw from the transaction
Developer conveys ownership-streets etc. - CorreCt aNswer-Dedication
