FLORIDA REAL ESTATE SALES ASSOCIATE EXAMINATION NEWEST EVALUATED
EXAM PRACTICE 100 QUESTIONS 2026-2027|ORIGINAL QUESTIONS &
ANSWERS |DETAILED RATIONALES |HINTED COMPLETE EXAM PREP GRADED
A+*INSTANT DOWNLOAD PDF*
1. A Florida sales associate receives an earnest money deposit from a
buyer. What is the sales associate's primary responsibility regarding the
deposit?
A. Deposit it into the sales associate's personal account
B. Hold it until the closing date
C. Deliver it promptly to the employing broker for proper escrow handling
D. Deposit it into the seller's personal account
Answer: C.
The sales associate must promptly deliver money received in connection with a
real estate transaction to the broker, who is responsible for proper escrow
handling.
2. A broker receives conflicting demands from the buyer and seller
concerning an escrow deposit. What should the broker generally do?
A. Give the deposit to the seller
B. Give the deposit to the buyer
C. Follow the applicable escrow dispute procedure
D. Keep the money permanently
Answer: C.
When parties make conflicting demands on escrow funds, the broker must use
one of the legally authorized settlement procedures rather than deciding
ownership personally.
3. Which brokerage relationship creates fiduciary duties between the
broker and the principal?
A. Transaction broker
B. Single agent
C. No brokerage relationship
D. Customer relationship
,Answer: B.
A single agent represents the principal in a fiduciary relationship and owes the
principal the statutory duties associated with single agency.
4. Which duty is associated with a Florida single agent but not generally
with a transaction broker?
A. Accounting for all funds
B. Dealing honestly and fairly
C. Loyalty
D. Presenting offers in a timely manner
Answer: C.
Loyalty is a fiduciary duty owed by a single agent to the principal. A transaction
broker provides limited representation rather than fiduciary representation.
5. A seller tells a broker that the roof leaks but instructs the broker not to
disclose it to a prospective buyer. What should the broker do?
A. Conceal the defect because the seller is the client
B. Disclose the known material fact as required by law
C. Wait until after closing
D. Tell only the buyer's lender
Answer: B.
Known material facts that materially affect residential property value and are
not readily observable generally must be disclosed.
6. Which statement best describes a transaction broker relationship in
Florida?
A. It is a fiduciary relationship
B. It automatically creates a single-agent relationship
C. It provides limited representation to a buyer, seller, or both
D. It prohibits the broker from showing competing properties
Answer: C.
Florida transaction brokerage provides limited representation and does not
create the same fiduciary relationship as single agency.
7. A sales associate changes employing brokers. Which statement is
correct?
, A. The sales associate may automatically operate independently
B. The sales associate's license must be properly registered with the new
employing broker
C. The sales associate becomes a broker automatically
D. The sales associate no longer needs a valid license
Answer: B.
A sales associate must be properly registered with an employing broker to
perform licensed real estate activity.
8. Which person generally must hold a Florida real estate license when
performing activities requiring licensure?
A. A person selling the person's own property
B. A person negotiating the sale of another person's property for
compensation
C. A person buying a home for personal use
D. A person giving an opinion about a friend's house without compensation
Answer: B.
Negotiating a real estate transaction for another for compensation is generally
a licensed activity.
9. A Florida sales associate advertises property for sale. Which
identification is generally required?
A. Only the sales associate's nickname
B. The sales associate's employing broker must be properly identified
C. Only the property owner's name
D. No license-related identification is necessary
Answer: B.
Florida advertising rules require appropriate identification of the brokerage
and prohibit misleading advertising.
10. Which governmental power allows the government to acquire privately
owned property for a public purpose with appropriate compensation?
A. Police power
B. Escheat
C. Eminent domain
D. Taxation
EXAM PRACTICE 100 QUESTIONS 2026-2027|ORIGINAL QUESTIONS &
ANSWERS |DETAILED RATIONALES |HINTED COMPLETE EXAM PREP GRADED
A+*INSTANT DOWNLOAD PDF*
1. A Florida sales associate receives an earnest money deposit from a
buyer. What is the sales associate's primary responsibility regarding the
deposit?
A. Deposit it into the sales associate's personal account
B. Hold it until the closing date
C. Deliver it promptly to the employing broker for proper escrow handling
D. Deposit it into the seller's personal account
Answer: C.
The sales associate must promptly deliver money received in connection with a
real estate transaction to the broker, who is responsible for proper escrow
handling.
2. A broker receives conflicting demands from the buyer and seller
concerning an escrow deposit. What should the broker generally do?
A. Give the deposit to the seller
B. Give the deposit to the buyer
C. Follow the applicable escrow dispute procedure
D. Keep the money permanently
Answer: C.
When parties make conflicting demands on escrow funds, the broker must use
one of the legally authorized settlement procedures rather than deciding
ownership personally.
3. Which brokerage relationship creates fiduciary duties between the
broker and the principal?
A. Transaction broker
B. Single agent
C. No brokerage relationship
D. Customer relationship
,Answer: B.
A single agent represents the principal in a fiduciary relationship and owes the
principal the statutory duties associated with single agency.
4. Which duty is associated with a Florida single agent but not generally
with a transaction broker?
A. Accounting for all funds
B. Dealing honestly and fairly
C. Loyalty
D. Presenting offers in a timely manner
Answer: C.
Loyalty is a fiduciary duty owed by a single agent to the principal. A transaction
broker provides limited representation rather than fiduciary representation.
5. A seller tells a broker that the roof leaks but instructs the broker not to
disclose it to a prospective buyer. What should the broker do?
A. Conceal the defect because the seller is the client
B. Disclose the known material fact as required by law
C. Wait until after closing
D. Tell only the buyer's lender
Answer: B.
Known material facts that materially affect residential property value and are
not readily observable generally must be disclosed.
6. Which statement best describes a transaction broker relationship in
Florida?
A. It is a fiduciary relationship
B. It automatically creates a single-agent relationship
C. It provides limited representation to a buyer, seller, or both
D. It prohibits the broker from showing competing properties
Answer: C.
Florida transaction brokerage provides limited representation and does not
create the same fiduciary relationship as single agency.
7. A sales associate changes employing brokers. Which statement is
correct?
, A. The sales associate may automatically operate independently
B. The sales associate's license must be properly registered with the new
employing broker
C. The sales associate becomes a broker automatically
D. The sales associate no longer needs a valid license
Answer: B.
A sales associate must be properly registered with an employing broker to
perform licensed real estate activity.
8. Which person generally must hold a Florida real estate license when
performing activities requiring licensure?
A. A person selling the person's own property
B. A person negotiating the sale of another person's property for
compensation
C. A person buying a home for personal use
D. A person giving an opinion about a friend's house without compensation
Answer: B.
Negotiating a real estate transaction for another for compensation is generally
a licensed activity.
9. A Florida sales associate advertises property for sale. Which
identification is generally required?
A. Only the sales associate's nickname
B. The sales associate's employing broker must be properly identified
C. Only the property owner's name
D. No license-related identification is necessary
Answer: B.
Florida advertising rules require appropriate identification of the brokerage
and prohibit misleading advertising.
10. Which governmental power allows the government to acquire privately
owned property for a public purpose with appropriate compensation?
A. Police power
B. Escheat
C. Eminent domain
D. Taxation
