[FLORIDA REAL ESTATE SALES ASSOCIATE EXAM] – EXAM-STYLE QUESTIONS AND
ANSWERS | VERIFIED AND WELL DETAILED ANSWERS | PLUS RATIONALES |
GUARANTEED PASS | 2026/27 LATEST UPDATE | EXAM PREP | STUDY GUIDE |
PRACTICE TEST
1. A sales associate is preparing a Comparative Market Analysis (CMA) for a
seller. Which of the following properties is the MOST appropriate to use as a
comparable sale?
A. A property that sold six months ago in a different school district.
B. A property currently listed for sale in the same subdivision.
C. A property that sold three months ago within one mile of the subject property.
D. A property that sold two years ago with similar square footage.
Correct Answer: C. A property that sold three months ago within one mile of the
subject property.
Rationale: The most appropriate comparable sales are recent (typically within the
last 3-6 months), geographically close to the subject property, and similar in
physical characteristics. Option C best fits these criteria. A property in a different
school district (A) is less comparable due to location differences. A current listing (B)
represents an asking price, not a closed sale. A two-year-old sale (D) is likely
outdated for market value purposes.
2. Under Florida law, a real estate sales associate is primarily responsible to
which of the following parties?
A. The buyer.
B. The seller.
,C. The employing broker.
D. The Florida Real Estate Commission.
Correct Answer: C. The employing broker.
Rationale: A sales associate is licensed to work under the supervision and control of
a licensed real estate broker. The employing broker holds the associate's license and
is ultimately responsible for their actions. While the associate owes duties to clients
(buyers/sellers), their primary contractual and supervisory relationship is with the
broker. The FREC (D) regulates the license, but the day-to-day responsibility is to
the broker.
3. Which of the following is a legal characteristic of a condominium form of
ownership?
A. Each unit owner owns a fee simple interest in their individual unit and an
undivided interest in the common elements.
B. Each unit owner owns a share of the corporation that owns the entire property.
C. Each owner owns the structure and the land it sits on, while the association
owns the common areas.
D. Each owner has a proprietary lease to their unit and a share of stock in the
cooperative.
Correct Answer: A. Each unit owner owns a fee simple interest in their individual
unit and an undivided interest in the common elements.
Rationale: Condominium ownership is defined by the individual ownership of a unit
in fee simple, coupled with an undivided interest in the common elements (like
pools, hallways, and grounds) as a tenant in common with other unit owners.
Option B describes a cooperative, where a corporation owns the real property.
,Option C describes a planned unit development or fee simple ownership. Option D
also describes a cooperative ownership structure.
4. A sales associate is showing a property to a buyer. The buyer asks if the
home has ever had a termite infestation. The associate knows the home was
treated for termites five years ago but is unsure if there is any current damage.
What is the associate's BEST course of action?
A. Tell the buyer that the home had termites, but they are gone now.
B. Advise the buyer to have the property inspected by a licensed pest control
operator.
C. State that the seller disclosed no known termite issues.
D. Explain that termite problems are common and not a significant concern.
Correct Answer: B. Advise the buyer to have the property inspected by a licensed
pest control operator.
Rationale: The associate has a duty to disclose known material facts. While they
know of the past treatment, they lack the expertise to determine current damage or
infestation. Recommending a professional inspection (B) fulfills their duty of care,
protects the buyer, and avoids the associate giving an unqualified opinion. Option A
is misleading. Option C may be factually incorrect if the associate has knowledge.
Option D minimizes a significant issue and is negligent.
5. A Florida real estate license is valid for how long from the date of issuance?
A. One year.
B. Two years.
C. Three years.
D. It is valid indefinitely as long as continuing education is completed.
, Correct Answer: B. Two years.
Rationale: Florida real estate licenses (both sales associate and broker) are issued
for a two-year period, expiring on either March 31 or September 30. Continuing
education must be completed during this licensure cycle to renew the license.
Therefore, options A, C, and D are incorrect regarding the initial term length.
6. The seller of a residential property has accepted an offer, and the contract is
in the inspection period. The buyer’s inspector discovers that the roof is
beyond its useful life and needs immediate replacement. The buyer requests
that the seller replace the roof. The seller refuses, stating the property is sold
"as-is." What is the buyer's BEST option?
A. Proceed to closing and accept the property with the roof defect.
B. Terminate the contract and receive the earnest money deposit.
C. File a complaint against the seller with the Florida Real Estate Commission.
D. Request a reduction in the purchase price to reflect the roof condition.
Correct Answer: D. Request a reduction in the purchase price to reflect the roof
condition.
Rationale: In an "as-is" contract, the seller is not obligated to make repairs.
However, the buyer still has the right to negotiate. If the seller refuses to repair (A),
the buyer’s best recourse is to renegotiate the price (D) to account for the new
information. If the seller refuses the price reduction, the buyer can terminate based
on the inspection contingency and receive their earnest money back (B), not
proceed. The FREC (C) is not involved in contractual disputes between private
parties.
ANSWERS | VERIFIED AND WELL DETAILED ANSWERS | PLUS RATIONALES |
GUARANTEED PASS | 2026/27 LATEST UPDATE | EXAM PREP | STUDY GUIDE |
PRACTICE TEST
1. A sales associate is preparing a Comparative Market Analysis (CMA) for a
seller. Which of the following properties is the MOST appropriate to use as a
comparable sale?
A. A property that sold six months ago in a different school district.
B. A property currently listed for sale in the same subdivision.
C. A property that sold three months ago within one mile of the subject property.
D. A property that sold two years ago with similar square footage.
Correct Answer: C. A property that sold three months ago within one mile of the
subject property.
Rationale: The most appropriate comparable sales are recent (typically within the
last 3-6 months), geographically close to the subject property, and similar in
physical characteristics. Option C best fits these criteria. A property in a different
school district (A) is less comparable due to location differences. A current listing (B)
represents an asking price, not a closed sale. A two-year-old sale (D) is likely
outdated for market value purposes.
2. Under Florida law, a real estate sales associate is primarily responsible to
which of the following parties?
A. The buyer.
B. The seller.
,C. The employing broker.
D. The Florida Real Estate Commission.
Correct Answer: C. The employing broker.
Rationale: A sales associate is licensed to work under the supervision and control of
a licensed real estate broker. The employing broker holds the associate's license and
is ultimately responsible for their actions. While the associate owes duties to clients
(buyers/sellers), their primary contractual and supervisory relationship is with the
broker. The FREC (D) regulates the license, but the day-to-day responsibility is to
the broker.
3. Which of the following is a legal characteristic of a condominium form of
ownership?
A. Each unit owner owns a fee simple interest in their individual unit and an
undivided interest in the common elements.
B. Each unit owner owns a share of the corporation that owns the entire property.
C. Each owner owns the structure and the land it sits on, while the association
owns the common areas.
D. Each owner has a proprietary lease to their unit and a share of stock in the
cooperative.
Correct Answer: A. Each unit owner owns a fee simple interest in their individual
unit and an undivided interest in the common elements.
Rationale: Condominium ownership is defined by the individual ownership of a unit
in fee simple, coupled with an undivided interest in the common elements (like
pools, hallways, and grounds) as a tenant in common with other unit owners.
Option B describes a cooperative, where a corporation owns the real property.
,Option C describes a planned unit development or fee simple ownership. Option D
also describes a cooperative ownership structure.
4. A sales associate is showing a property to a buyer. The buyer asks if the
home has ever had a termite infestation. The associate knows the home was
treated for termites five years ago but is unsure if there is any current damage.
What is the associate's BEST course of action?
A. Tell the buyer that the home had termites, but they are gone now.
B. Advise the buyer to have the property inspected by a licensed pest control
operator.
C. State that the seller disclosed no known termite issues.
D. Explain that termite problems are common and not a significant concern.
Correct Answer: B. Advise the buyer to have the property inspected by a licensed
pest control operator.
Rationale: The associate has a duty to disclose known material facts. While they
know of the past treatment, they lack the expertise to determine current damage or
infestation. Recommending a professional inspection (B) fulfills their duty of care,
protects the buyer, and avoids the associate giving an unqualified opinion. Option A
is misleading. Option C may be factually incorrect if the associate has knowledge.
Option D minimizes a significant issue and is negligent.
5. A Florida real estate license is valid for how long from the date of issuance?
A. One year.
B. Two years.
C. Three years.
D. It is valid indefinitely as long as continuing education is completed.
, Correct Answer: B. Two years.
Rationale: Florida real estate licenses (both sales associate and broker) are issued
for a two-year period, expiring on either March 31 or September 30. Continuing
education must be completed during this licensure cycle to renew the license.
Therefore, options A, C, and D are incorrect regarding the initial term length.
6. The seller of a residential property has accepted an offer, and the contract is
in the inspection period. The buyer’s inspector discovers that the roof is
beyond its useful life and needs immediate replacement. The buyer requests
that the seller replace the roof. The seller refuses, stating the property is sold
"as-is." What is the buyer's BEST option?
A. Proceed to closing and accept the property with the roof defect.
B. Terminate the contract and receive the earnest money deposit.
C. File a complaint against the seller with the Florida Real Estate Commission.
D. Request a reduction in the purchase price to reflect the roof condition.
Correct Answer: D. Request a reduction in the purchase price to reflect the roof
condition.
Rationale: In an "as-is" contract, the seller is not obligated to make repairs.
However, the buyer still has the right to negotiate. If the seller refuses to repair (A),
the buyer’s best recourse is to renegotiate the price (D) to account for the new
information. If the seller refuses the price reduction, the buyer can terminate based
on the inspection contingency and receive their earnest money back (B), not
proceed. The FREC (C) is not involved in contractual disputes between private
parties.
