Gold Coast School Real Estate Exam – 2026/2027
Actual Exam Questions and Correct Answers |
Florida License Prep
1. "The Department" in Florida real estate law refers to which government
entity?
A) The Florida Real Estate Commission
B) The Department of Business and Professional Regulation (DBPR)
C) The Division of Real Estate
D) The Florida Department of Revenue
Answer B: The Department of Business and Professional Regulation (DBPR)
Rationale: The DBPR is the umbrella agency that oversees the Division of Real
Estate and the FREC.
2. What is the minimum age requirement for a real estate licensee in Florida?
A) 21 years
B) 18 years
C) 25 years
D) 23 years
Answer B: 18 years
Rationale: Florida law requires license applicants to be at least 18 years old.
,3. Which of the following best defines "compensation" with respect to real
estate licensees?
A) Anything or any service of value that is paid, received, or expected to be paid or
received in exchange for a performed service
B) A flat fee or percentage commission only
C) Money that is paid in exchange for a performed service
D) Any gift received from a client
Answer A: Anything or any service of value that is paid, received, or expected
to be paid or received in exchange for a performed service
Rationale: Compensation includes anything of value, not just money, received in
exchange for real estate services.
4. What is "the Division" in Florida real estate regulation?
A) The Division of Business Regulation
B) The Division of Real Estate (DRE)
C) The Division of Licensing
D) The Division of Professional Standards
Answer B: The Division of Real Estate (DRE)
Rationale: The Division of Real Estate (DRE) is housed within the DBPR and
handles licensing and enforcement.
5. In what year did Florida enact its first real estate license law?
,A) 1923
B) 1919
C) 1925
D) 1941
Answer A: 1923
Rationale: Florida's first real estate license law was enacted in 1923.
6. Which of the following persons does NOT require a Florida real estate
license?
A) A person who negotiates the sale of a house and receives compensation
B) A person who is paid to advise a real estate investor about parcels of land
C) A person who negotiates the sale of a house on behalf of a friend without
receiving any compensation
D) A person who is paid a salary to sell timeshare units
Answer C: A person who negotiates the sale of a house on behalf of a friend
without receiving any compensation
Rationale: Without compensation, a person is not required to hold a real estate
license.
7. Which person requires a Florida real estate license?
A) A person who helps a client locate and purchase a facility and receives 3% of
the purchase price
B) A person who lists a home in Alabama for a client
, C) A person who sells their own 20-acre parcel in Ocala
D) A person who helps a friend purchase a duplex without compensation
Answer A: A person who helps a client locate and purchase a facility and
receives 3% of the purchase price
Rationale: Receiving compensation for real estate services in Florida requires a
license.
8. What is the overall purpose of F.S. 475?
A) To protect consumers
B) To create the entities that regulate the real estate market
C) To establish regulations and penalties for violations
D) To define the qualifications for real estate licensees and appraisers
Answer A: To protect consumers
Rationale: The primary purpose of Florida real estate license law is consumer
protection.
9. All of the following are responsibilities of a property manager, EXCEPT:
A) Handling payment of taxes, insurance, and operating expenses
B) Evaluating the investment value of the property
C) Locating tenants, collecting rents, maintaining records
D) Protecting the owner's investment and maximizing profitability
Answer B: Evaluating the investment value of the property
Actual Exam Questions and Correct Answers |
Florida License Prep
1. "The Department" in Florida real estate law refers to which government
entity?
A) The Florida Real Estate Commission
B) The Department of Business and Professional Regulation (DBPR)
C) The Division of Real Estate
D) The Florida Department of Revenue
Answer B: The Department of Business and Professional Regulation (DBPR)
Rationale: The DBPR is the umbrella agency that oversees the Division of Real
Estate and the FREC.
2. What is the minimum age requirement for a real estate licensee in Florida?
A) 21 years
B) 18 years
C) 25 years
D) 23 years
Answer B: 18 years
Rationale: Florida law requires license applicants to be at least 18 years old.
,3. Which of the following best defines "compensation" with respect to real
estate licensees?
A) Anything or any service of value that is paid, received, or expected to be paid or
received in exchange for a performed service
B) A flat fee or percentage commission only
C) Money that is paid in exchange for a performed service
D) Any gift received from a client
Answer A: Anything or any service of value that is paid, received, or expected
to be paid or received in exchange for a performed service
Rationale: Compensation includes anything of value, not just money, received in
exchange for real estate services.
4. What is "the Division" in Florida real estate regulation?
A) The Division of Business Regulation
B) The Division of Real Estate (DRE)
C) The Division of Licensing
D) The Division of Professional Standards
Answer B: The Division of Real Estate (DRE)
Rationale: The Division of Real Estate (DRE) is housed within the DBPR and
handles licensing and enforcement.
5. In what year did Florida enact its first real estate license law?
,A) 1923
B) 1919
C) 1925
D) 1941
Answer A: 1923
Rationale: Florida's first real estate license law was enacted in 1923.
6. Which of the following persons does NOT require a Florida real estate
license?
A) A person who negotiates the sale of a house and receives compensation
B) A person who is paid to advise a real estate investor about parcels of land
C) A person who negotiates the sale of a house on behalf of a friend without
receiving any compensation
D) A person who is paid a salary to sell timeshare units
Answer C: A person who negotiates the sale of a house on behalf of a friend
without receiving any compensation
Rationale: Without compensation, a person is not required to hold a real estate
license.
7. Which person requires a Florida real estate license?
A) A person who helps a client locate and purchase a facility and receives 3% of
the purchase price
B) A person who lists a home in Alabama for a client
, C) A person who sells their own 20-acre parcel in Ocala
D) A person who helps a friend purchase a duplex without compensation
Answer A: A person who helps a client locate and purchase a facility and
receives 3% of the purchase price
Rationale: Receiving compensation for real estate services in Florida requires a
license.
8. What is the overall purpose of F.S. 475?
A) To protect consumers
B) To create the entities that regulate the real estate market
C) To establish regulations and penalties for violations
D) To define the qualifications for real estate licensees and appraisers
Answer A: To protect consumers
Rationale: The primary purpose of Florida real estate license law is consumer
protection.
9. All of the following are responsibilities of a property manager, EXCEPT:
A) Handling payment of taxes, insurance, and operating expenses
B) Evaluating the investment value of the property
C) Locating tenants, collecting rents, maintaining records
D) Protecting the owner's investment and maximizing profitability
Answer B: Evaluating the investment value of the property
