FLORIDA REAL ESTATE PRE LICENSE
FINAL EXAM 2026 PRACTICE QUESTIONS
AND CORRECT ANSWERS WITH DETAILED
EXPLANATIONS COMPLETE STUDY GUIDE
Lender puts a claim... - CORRECT ANSWER-15 days
How many members that are brokers make up F.R.E.C.? - CORRECT
ANSWER-At least 4 Brokers
Which factors are NOT Demand? (not sure if this is the correct wording but
theres a question about the factors of demand)
A. Price
B. Credit
C. Population
D.Cost of Labor - CORRECT ANSWER-D. Cost of Labor (SUPPLY)
When the demand of a higher priced property decreased in value because it
was placed in a lower priced propertied area is what type of principal in an
appraisal? - CORRECT ANSWER-Principal of Regression
Members of the Florida Bar are exempt from taking what? - CORRECT
ANSWER-F.R.E.C. One Pre-License Course
, What is the unlawful practice of refusing by a lender to approve a mortgage
based off certain geographical location, the age of the property, or the
income level of the residents? - CORRECT ANSWER-Redlining
How many acres are in a quarter section of NE? - CORRECT ANSWER-
160 acres in 1 quarter of a section
Per transaction how much is the maximum reimbursement of the recovery
fund for a single judgment? (I'm not sure if this the question, I know the
answer is $50,000 and this was the only thing I found relevant to $50,000)
- CORRECT ANSWER-$50,000
How many terms can a member of F.R.E.C.? - CORRECT ANSWER-"2
Consecutive terms" then off four years (Unlimited)
The Real estate market is what?
A. Local in Nature and organized
B. Local in Nature not organized and efficient.
C. Local in nature and efficient.
D. Local in nature and organized not efficient. - CORRECT ANSWER-B.
Local and nature not organized and efficient
When some is prepaid who is credit and who debit? - CORRECT
ANSWER-Credit is Seller and Buyer is Debit What has a large tract of land
FINAL EXAM 2026 PRACTICE QUESTIONS
AND CORRECT ANSWERS WITH DETAILED
EXPLANATIONS COMPLETE STUDY GUIDE
Lender puts a claim... - CORRECT ANSWER-15 days
How many members that are brokers make up F.R.E.C.? - CORRECT
ANSWER-At least 4 Brokers
Which factors are NOT Demand? (not sure if this is the correct wording but
theres a question about the factors of demand)
A. Price
B. Credit
C. Population
D.Cost of Labor - CORRECT ANSWER-D. Cost of Labor (SUPPLY)
When the demand of a higher priced property decreased in value because it
was placed in a lower priced propertied area is what type of principal in an
appraisal? - CORRECT ANSWER-Principal of Regression
Members of the Florida Bar are exempt from taking what? - CORRECT
ANSWER-F.R.E.C. One Pre-License Course
, What is the unlawful practice of refusing by a lender to approve a mortgage
based off certain geographical location, the age of the property, or the
income level of the residents? - CORRECT ANSWER-Redlining
How many acres are in a quarter section of NE? - CORRECT ANSWER-
160 acres in 1 quarter of a section
Per transaction how much is the maximum reimbursement of the recovery
fund for a single judgment? (I'm not sure if this the question, I know the
answer is $50,000 and this was the only thing I found relevant to $50,000)
- CORRECT ANSWER-$50,000
How many terms can a member of F.R.E.C.? - CORRECT ANSWER-"2
Consecutive terms" then off four years (Unlimited)
The Real estate market is what?
A. Local in Nature and organized
B. Local in Nature not organized and efficient.
C. Local in nature and efficient.
D. Local in nature and organized not efficient. - CORRECT ANSWER-B.
Local and nature not organized and efficient
When some is prepaid who is credit and who debit? - CORRECT
ANSWER-Credit is Seller and Buyer is Debit What has a large tract of land
