Florida Real Estate Exam Questions
Verified and Provided with Complete A+
Graded Answers Latest Updated 2026
Samuel wants to do a 1031 exchange. He sold his a.180
investment property and has identified the b. 30
property he'd like to buy next. Within how many c.45
days must he close on this property in order for it d.60
to qualify as part of the exchange?
a.He has 45 days to identify a property he would like to purchase and
180 days to close on it, from time of sale.
In which form of co-ownership is a person's a.Joint tenancy
ownership inheritable? b.Tenancy by the entirety
c.Tenancy in common
d.Tenancy in severalty
c. Tenancy in common allows for a persons share to be inheritable, it
does not automatically pass forth to the rest of the owners like in joint
tenancy (this is called the right of survivorship).
How long do prospective tenants have to request a.10 days
a refund after purchasing a rental list? b.15 days
c. 30 days
d. 360 days
C. 30 days....tenants have up to 30 days to request a 75% refund if they
do not purchase a rental
Which method best describes the foreclosure a.Caveat emptor
process in Florida? b.Judicial
c. Lis pendens
d. Non-judicial
b. The state of florida offers a judicial foreclosure process
A judicial foreclosure is known as a lien theory process. Basically, the
homeowner has legal title to the property...
Unlike title theory, where as the owner has equitable title
Which of the following statements about the a.It can be included in the sales contract itself.
Florida property tax disclosure is NOT true? b. It cautions buyers not to rely on the current year's tax to predict
what they'll have to pay.
c. It gives buyers a rough estimate of the property tax they'll pay in
the coming year.
d. It must be provided to sellers when they sign their agency agreement.
c. This disclosure doesn't provide any estimates of future property tax
amounts.
, Which act simplifies, clarifies, and modernizes a.Fair Housing Act
consumer protection laws and makes them more b. Federal Duplicate Law Condensation Act
consistent with federal trade laws? c. Federal Trade Commission Act
d. Florida Deceptive and Unfair Trade Practices Act
d. The Florida Deceptive and Unfair Trade Practices Act is the act that
simplifies, clarifies, and modernizes consumer protection laws and
makes them more consistent with federal trade laws.
To comply with the statute of frauds, an a.In writing and signed by the optionee
option contract must be _. b. In writing and signed by the optionor
c. In writing and witnessed by an attorney
d. On file at the local courthouse
b. To comply with the statute of frauds, an option contract must be in
writing and signed by the optionor (seller).
A cooperative is a(n)____. a.limited partnership
b. LLC
c. not-for-profit corporation
d. sole proprietorship
c. A cooperative is a joint venture with its shareholders, formed for their
benefit and governed by them. It's a not-for-profit corporation.
Compared with condominiums, the monthly a. Higher
fees for a cooperative owner are typically b. Much less
_______________________________________. c. Slightly less
d.The same
a.Monthly fees for cooperatives are generally higher because they
include taxes, mortgage payments, and fees for maintaining common
areas and facilities.
For all intents and purposes, subagents are a. Buyer
agents of the _. b. Seller
c.The buyer's broker
d.The listing broker
b. Although a subagent may bring an unrepresented buyer to the
transaction, the subagent is an agent of the seller.
Can a new licensee specialize in the sale of farm a.Not until the licensee has at least five years of experience
and ranch property? in agricultural real estate
b. Not until the licensee passes additional courses in agricultural
real estate
c.Yes, a new licensee can specialize in agricultural real estate
d.Yes, as long as the new licensee has a degree in agriculture
c. Specialization doesn't require additional coursework or credentials.
The licensee must be competent in any specialization, however.
Verified and Provided with Complete A+
Graded Answers Latest Updated 2026
Samuel wants to do a 1031 exchange. He sold his a.180
investment property and has identified the b. 30
property he'd like to buy next. Within how many c.45
days must he close on this property in order for it d.60
to qualify as part of the exchange?
a.He has 45 days to identify a property he would like to purchase and
180 days to close on it, from time of sale.
In which form of co-ownership is a person's a.Joint tenancy
ownership inheritable? b.Tenancy by the entirety
c.Tenancy in common
d.Tenancy in severalty
c. Tenancy in common allows for a persons share to be inheritable, it
does not automatically pass forth to the rest of the owners like in joint
tenancy (this is called the right of survivorship).
How long do prospective tenants have to request a.10 days
a refund after purchasing a rental list? b.15 days
c. 30 days
d. 360 days
C. 30 days....tenants have up to 30 days to request a 75% refund if they
do not purchase a rental
Which method best describes the foreclosure a.Caveat emptor
process in Florida? b.Judicial
c. Lis pendens
d. Non-judicial
b. The state of florida offers a judicial foreclosure process
A judicial foreclosure is known as a lien theory process. Basically, the
homeowner has legal title to the property...
Unlike title theory, where as the owner has equitable title
Which of the following statements about the a.It can be included in the sales contract itself.
Florida property tax disclosure is NOT true? b. It cautions buyers not to rely on the current year's tax to predict
what they'll have to pay.
c. It gives buyers a rough estimate of the property tax they'll pay in
the coming year.
d. It must be provided to sellers when they sign their agency agreement.
c. This disclosure doesn't provide any estimates of future property tax
amounts.
, Which act simplifies, clarifies, and modernizes a.Fair Housing Act
consumer protection laws and makes them more b. Federal Duplicate Law Condensation Act
consistent with federal trade laws? c. Federal Trade Commission Act
d. Florida Deceptive and Unfair Trade Practices Act
d. The Florida Deceptive and Unfair Trade Practices Act is the act that
simplifies, clarifies, and modernizes consumer protection laws and
makes them more consistent with federal trade laws.
To comply with the statute of frauds, an a.In writing and signed by the optionee
option contract must be _. b. In writing and signed by the optionor
c. In writing and witnessed by an attorney
d. On file at the local courthouse
b. To comply with the statute of frauds, an option contract must be in
writing and signed by the optionor (seller).
A cooperative is a(n)____. a.limited partnership
b. LLC
c. not-for-profit corporation
d. sole proprietorship
c. A cooperative is a joint venture with its shareholders, formed for their
benefit and governed by them. It's a not-for-profit corporation.
Compared with condominiums, the monthly a. Higher
fees for a cooperative owner are typically b. Much less
_______________________________________. c. Slightly less
d.The same
a.Monthly fees for cooperatives are generally higher because they
include taxes, mortgage payments, and fees for maintaining common
areas and facilities.
For all intents and purposes, subagents are a. Buyer
agents of the _. b. Seller
c.The buyer's broker
d.The listing broker
b. Although a subagent may bring an unrepresented buyer to the
transaction, the subagent is an agent of the seller.
Can a new licensee specialize in the sale of farm a.Not until the licensee has at least five years of experience
and ranch property? in agricultural real estate
b. Not until the licensee passes additional courses in agricultural
real estate
c.Yes, a new licensee can specialize in agricultural real estate
d.Yes, as long as the new licensee has a degree in agriculture
c. Specialization doesn't require additional coursework or credentials.
The licensee must be competent in any specialization, however.
