Florida Real Estate Class Final Exam Practice
Questions and Answers
Question 1
The owner and a property manager sign a property management agreement. The
property manager advertises the property, shows the property, collects the rent and
deposits the money in the proper account. He fails to maintain the units in proper
working order and the property declines in value. The owner is an absentee owner
who arrives to find his property in disrepair. The property manager:
Correct Answer
Has failed his fiduciary duties and is responsible for any losses in value the owner
has suffered.
Question 2
Bill Broker prints an office policy that says he requires a security deposit of $350 for
whites and $500 for blacks in his area, since he has records to prove that blacks have
weaker financial qualifications. Is this acceptable?
Correct Answer
No. It is discriminatory to set different deposits because of race.
Question 3
At a listing apt. the seller of a large home on the water gives special instructions to
the sales associate to only show the home to a certain class of people. the sales
associate clearly tells the seller this is an act of discrimination, but the owner insists.
The sales associate should?
Correct Answer
Refuse the listing
Page 1 of 22
,Question 4
A property has a subdivision restriction forbidding use of properties for commercial
purposes. The zoning ordinance for the area would permit a commercial use. Can the
property be used for commercial use?
Correct Answer
No. The subdivision restrictions takes precedence over the zoning ordinance since it
is more restrictive.
Question 5
Justin is an unlicensed person and he has been appointed a trustee of a special needs
trust for his nephew. The trust will be funded by the sale of the property of his
brother. Justin lists, sells, and puts the money into the trust as required. What best
describes this situation?
Correct Answer
Justin cannot take any money for selling the home since this would be
compensation and he would need a license to do this
Question 6
The government control real estate market by?
Correct Answer
Zoning Ordinances
Question 7
A buyer bought a property without telling the seller or broker of his intended purpose
for the property. The contract contained no contingency clause and was properly
signed and executed. The buyer is now unable to obtain the zoning he planned for
the commercial project he needs for this property and he is unable to use the
property. What is the status of the contract at this time?
Correct Answer
This is a valid, enforceable, executed contract
Page 2 of 22
, Question 8
System that uses measurements, monuments, compass readings, and POB is called?
Correct Answer
Metes and Bounds
Question 9
Greater Florida BUilders wants to build a 450 acre housing development. They submit
the plans to the local zoning commission who agrees with the plans, providing they
agree to give land for a new school to be located with in the subdivision. Greater
Florida Builders are required to?
Correct Answer
Dedicate the property for the school.
Question 10
A really modern looking home is being built on the corner of 5th and Main. It has
huge windows, an open floor plan, and a slanted roof with a single steep plane. This
type of roof is called?
Correct Answer
Shed Roof
Question 11
The buyer of an industrial complex wants the broker to place the earnest money in an
interest bearing account. The broker does this, clearly identifying all parties who are
to receive the interest and the date the earned interest is to be dispersed. With only
the verbal consent of the buyer, he places the money in an insured account in a
depository in Florida. When the time comes to disburse the account, the broker will
write a check to the buyer for the interest as the buyer agreed. How would you
describe this situation?
Correct Answer
The broker is able to follow the buyers instructions and has complied with Florida
Law
Page 3 of 22
Questions and Answers
Question 1
The owner and a property manager sign a property management agreement. The
property manager advertises the property, shows the property, collects the rent and
deposits the money in the proper account. He fails to maintain the units in proper
working order and the property declines in value. The owner is an absentee owner
who arrives to find his property in disrepair. The property manager:
Correct Answer
Has failed his fiduciary duties and is responsible for any losses in value the owner
has suffered.
Question 2
Bill Broker prints an office policy that says he requires a security deposit of $350 for
whites and $500 for blacks in his area, since he has records to prove that blacks have
weaker financial qualifications. Is this acceptable?
Correct Answer
No. It is discriminatory to set different deposits because of race.
Question 3
At a listing apt. the seller of a large home on the water gives special instructions to
the sales associate to only show the home to a certain class of people. the sales
associate clearly tells the seller this is an act of discrimination, but the owner insists.
The sales associate should?
Correct Answer
Refuse the listing
Page 1 of 22
,Question 4
A property has a subdivision restriction forbidding use of properties for commercial
purposes. The zoning ordinance for the area would permit a commercial use. Can the
property be used for commercial use?
Correct Answer
No. The subdivision restrictions takes precedence over the zoning ordinance since it
is more restrictive.
Question 5
Justin is an unlicensed person and he has been appointed a trustee of a special needs
trust for his nephew. The trust will be funded by the sale of the property of his
brother. Justin lists, sells, and puts the money into the trust as required. What best
describes this situation?
Correct Answer
Justin cannot take any money for selling the home since this would be
compensation and he would need a license to do this
Question 6
The government control real estate market by?
Correct Answer
Zoning Ordinances
Question 7
A buyer bought a property without telling the seller or broker of his intended purpose
for the property. The contract contained no contingency clause and was properly
signed and executed. The buyer is now unable to obtain the zoning he planned for
the commercial project he needs for this property and he is unable to use the
property. What is the status of the contract at this time?
Correct Answer
This is a valid, enforceable, executed contract
Page 2 of 22
, Question 8
System that uses measurements, monuments, compass readings, and POB is called?
Correct Answer
Metes and Bounds
Question 9
Greater Florida BUilders wants to build a 450 acre housing development. They submit
the plans to the local zoning commission who agrees with the plans, providing they
agree to give land for a new school to be located with in the subdivision. Greater
Florida Builders are required to?
Correct Answer
Dedicate the property for the school.
Question 10
A really modern looking home is being built on the corner of 5th and Main. It has
huge windows, an open floor plan, and a slanted roof with a single steep plane. This
type of roof is called?
Correct Answer
Shed Roof
Question 11
The buyer of an industrial complex wants the broker to place the earnest money in an
interest bearing account. The broker does this, clearly identifying all parties who are
to receive the interest and the date the earned interest is to be dispersed. With only
the verbal consent of the buyer, he places the money in an insured account in a
depository in Florida. When the time comes to disburse the account, the broker will
write a check to the buyer for the interest as the buyer agreed. How would you
describe this situation?
Correct Answer
The broker is able to follow the buyers instructions and has complied with Florida
Law
Page 3 of 22
