Florida Real Estate STATE Exam Questions
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Graded Answers Latest Updated 2026
The best protection that the public has during a D. FREC and the license law
Real Estate transaction is (are)
A. The national and state association of REALTORS
B. The punishment of licensees dealing dishonesty
C. the high ethical standards of real estate agents
D. FREC and the license law
A group license C. may be held by a sale associate or broker
A. allows a broker to have a branch office
B. allows a sales associate to work for more than
one broker
C. may be held by a sale associate or broker
associate
D.allows a broker to qualify more than one broker
firm
The following are exempt from F.S. 475 EXCEPT D. Business Brokers
A. Trustees for an estate
B. Personal representatives for an estate
C. Mortgage brokers engaged in financing
activities.
D. Business Brokers
General Partners in a brokerage partnership that For Identification Purposes
are not qualified to perform the services of real
estate must be registered as for what?
Which brokerage disclosure notice must be signed Transition to Transaction
or initialed by the buyer or seller before
implementation?
When a seller is about to enter a fiduciary Single Agency Notice
relationship with a brokerage firm what must be
given?
A broker owes which duty to a customer? What Known Facts affecting the value of the residential property
should he disclose?
Sale associate works for a broker and receives an To his broker immediately (next business day)
escrow deposit when should he deliver it?
Listings obtained by a sales associate become Employing broker
property of whom?
Jim failed his state exam twice and believes FREC Validation Committee
some of the questions that he answered were
indeed
, correct. He can write a written obligation for
consideration for the questions to whom?
Which Florida law prohibits a lender from Florida Fair Lending Act
refinancing a loan to the same borrower within the
first 18 months of making a loan, if doing so does
NOT reasonably benefit the borrower
When there is a dispute over escrow funds, the B. Mediation
procedures include four choices. Which choice
involves a third person recommending a solution?
A. Arbitration
B. Mediation
C. Litigation
D. Escrow Disbursement Order
What is a step that follows the investigation in Formal Hearing
complaint process
If a licensee does not dispute a citation it has the Final Order
same effect as what?
What is the max penalty that a court could $500 fine and/or 60 Days of Jail time
impose a second-degree misdemeanor?
For multiple claims against a licensee, the FL real $150,000
estate recovery fund has a max of how much?
For single judgment against a licensee, the FL real $50,000
estate recovery fund has a max of how much?
How is the FL Real Estate Fund funded? From licensing fees
Appeals of FREC final orders must be filed where? District Court of Appeals
If a broker fails to pay his sale associate he may be Conversion
charged with?
What are the 7 things that the Fair housing act of Race, Color, Sex, Religion, Handicap, Marital Status and National Orgin
1968 prohibits the discrimination based on?
What Law required that buyers be given a good RESPA (Settlement Act)
estimate of closing costs prior to closing?
What Federal law requires lenders to fully inform Truth-in-Lending Act
borrowers of important information related to
loans, including the annual percentage rate
charged?
What illegal act is known when the licensee picks Steering
the properties for a buyer based on their race?
Telling home owners that minority families are Blockbusting
moving into their neighborhood in an attempt to
get them to sell their home and move would be
what?
Broker bill gives lower rental rates to women rather The Fair Housing Act of 1968
than men. What is this a violation of?
Verified and Provided with Complete A+
Graded Answers Latest Updated 2026
The best protection that the public has during a D. FREC and the license law
Real Estate transaction is (are)
A. The national and state association of REALTORS
B. The punishment of licensees dealing dishonesty
C. the high ethical standards of real estate agents
D. FREC and the license law
A group license C. may be held by a sale associate or broker
A. allows a broker to have a branch office
B. allows a sales associate to work for more than
one broker
C. may be held by a sale associate or broker
associate
D.allows a broker to qualify more than one broker
firm
The following are exempt from F.S. 475 EXCEPT D. Business Brokers
A. Trustees for an estate
B. Personal representatives for an estate
C. Mortgage brokers engaged in financing
activities.
D. Business Brokers
General Partners in a brokerage partnership that For Identification Purposes
are not qualified to perform the services of real
estate must be registered as for what?
Which brokerage disclosure notice must be signed Transition to Transaction
or initialed by the buyer or seller before
implementation?
When a seller is about to enter a fiduciary Single Agency Notice
relationship with a brokerage firm what must be
given?
A broker owes which duty to a customer? What Known Facts affecting the value of the residential property
should he disclose?
Sale associate works for a broker and receives an To his broker immediately (next business day)
escrow deposit when should he deliver it?
Listings obtained by a sales associate become Employing broker
property of whom?
Jim failed his state exam twice and believes FREC Validation Committee
some of the questions that he answered were
indeed
, correct. He can write a written obligation for
consideration for the questions to whom?
Which Florida law prohibits a lender from Florida Fair Lending Act
refinancing a loan to the same borrower within the
first 18 months of making a loan, if doing so does
NOT reasonably benefit the borrower
When there is a dispute over escrow funds, the B. Mediation
procedures include four choices. Which choice
involves a third person recommending a solution?
A. Arbitration
B. Mediation
C. Litigation
D. Escrow Disbursement Order
What is a step that follows the investigation in Formal Hearing
complaint process
If a licensee does not dispute a citation it has the Final Order
same effect as what?
What is the max penalty that a court could $500 fine and/or 60 Days of Jail time
impose a second-degree misdemeanor?
For multiple claims against a licensee, the FL real $150,000
estate recovery fund has a max of how much?
For single judgment against a licensee, the FL real $50,000
estate recovery fund has a max of how much?
How is the FL Real Estate Fund funded? From licensing fees
Appeals of FREC final orders must be filed where? District Court of Appeals
If a broker fails to pay his sale associate he may be Conversion
charged with?
What are the 7 things that the Fair housing act of Race, Color, Sex, Religion, Handicap, Marital Status and National Orgin
1968 prohibits the discrimination based on?
What Law required that buyers be given a good RESPA (Settlement Act)
estimate of closing costs prior to closing?
What Federal law requires lenders to fully inform Truth-in-Lending Act
borrowers of important information related to
loans, including the annual percentage rate
charged?
What illegal act is known when the licensee picks Steering
the properties for a buyer based on their race?
Telling home owners that minority families are Blockbusting
moving into their neighborhood in an attempt to
get them to sell their home and move would be
what?
Broker bill gives lower rental rates to women rather The Fair Housing Act of 1968
than men. What is this a violation of?
