Real Estate 45 Hour Exam Questions and Answers Updated 2024/2025
A licensee must notify the DBPR w/in how many days after changing their employer? -
Answer 10 days
florida statues require that a licensee report to the commission within 30 days after being convicted, found guilty, or entering
no contest or guilty to a crime. the penalty resulting from a first violation of this law is likely to include all of the following
disciplinaryactions except which one? - Answer first violation- 250-1000 and license suspension to revocation
second violation- a fine ranging from 1000 to 5000 and license suspension to revocation
-full disciplinary hearing and penaltiesANSWER: PROBATION
florida real estate law requires that all of the following changes be reported to the dbpr,except which one - Answer change of
specialty are from residential sales to property management
F.S 455 defines current mailing address as the current residential address, which is used by a licensee to receive mail
through US Postal Service. a licensee is required tonotofy the department in writing of their current mailing address and
any change in thecurrent mailing address within how many days after the change? - Answer 10 days
a licensee advertises false, inaccurate, misleading, or exaggerated information. in addition to being issued a citation, how
much would they likely be fined? - Answer $500
a licensee attempts to negotiate a rental for a fee paid by the tenant. if the tenant applicant does not like any of the rental
properties available, what are they entitled torequest within 30 days of the contract date? - Answer may request 75%
refund of feepaid
sales associate, chris, receives a deposit check from a buyer during the business dayon monday. what must chris do -
Answer no later than the next business day. failure can result in a full disciplinary hearing and additional penalties.
whenever a licensee negotiates a contract for the resale of a timeshare resale unit, thecontract must contain specific language
? - Answer -common area expenses
1
STUDYGUIDESOLUTIONS
, Real Estate 45 Hour Exam Questions and Answers Updated 2024/2025
-ad valorem taxes
-other ownership charges
who may directly compensate a sales associate for performing a service of real estate -
Answer sales assoc employing broker
which relationship is allowed under florida real estate laws and rule - Answer salesassoc represents a buyer or seller.
but not both in a single agency relationship
a licensee is required to provide written disclosure, which specifies the nature of the relationship they have with a member of
the public. which relationship does not requiresuch disclosure? - Answer no broker relationship
what are the unique duties of a licensee in a single agent relationship - Answer confidentiality, obedience, loyalty, and full
disclosure are fiduciary duties that are uniqueto a single agency relationship and are not required for transaction broker or no
brokerage relationship.
which statement correctly describes the role of the sale assoc - Answer sales assoc isan agent of the employing broker and
acts on behalf of the broker. the broker is employed by and represents the principal
the type of brokerage relationship between a customer and a licensee determines theduties of the licensee to that customer.
however all licensees in any brokerage relationship are required to perform the following duties except for which one
answer: full confidentiality - Answer all licensees in any relationship must:
-deal honestly and fairly
-account for all funds,
-disclose all known facts that affect the value of residential property.
full confidentially, obedience, loyalty, ad full disclosure are due only in a single agencyrelationship.
if a licensee acts as an investor, the licensee must ensure that all parties are aware thatthe licensee is not acting as a what -
Answer real estate licensee
a sales associate may only receive compensation from who, and not from any othersource in regards to the transaction of real
estate? - Answer employing broker
a licensee who practices beyond their scope as a sales associate could be subject to afull disciplinary hearing and what other
penalty for their first violation - Answer license suspension to revocation or $250-$1000
the commission has heard cases where the sales associates employing broker does nothandle property management, so the
sales associate set up their own company to
2
STUDYGUIDESOLUTIONS
A licensee must notify the DBPR w/in how many days after changing their employer? -
Answer 10 days
florida statues require that a licensee report to the commission within 30 days after being convicted, found guilty, or entering
no contest or guilty to a crime. the penalty resulting from a first violation of this law is likely to include all of the following
disciplinaryactions except which one? - Answer first violation- 250-1000 and license suspension to revocation
second violation- a fine ranging from 1000 to 5000 and license suspension to revocation
-full disciplinary hearing and penaltiesANSWER: PROBATION
florida real estate law requires that all of the following changes be reported to the dbpr,except which one - Answer change of
specialty are from residential sales to property management
F.S 455 defines current mailing address as the current residential address, which is used by a licensee to receive mail
through US Postal Service. a licensee is required tonotofy the department in writing of their current mailing address and
any change in thecurrent mailing address within how many days after the change? - Answer 10 days
a licensee advertises false, inaccurate, misleading, or exaggerated information. in addition to being issued a citation, how
much would they likely be fined? - Answer $500
a licensee attempts to negotiate a rental for a fee paid by the tenant. if the tenant applicant does not like any of the rental
properties available, what are they entitled torequest within 30 days of the contract date? - Answer may request 75%
refund of feepaid
sales associate, chris, receives a deposit check from a buyer during the business dayon monday. what must chris do -
Answer no later than the next business day. failure can result in a full disciplinary hearing and additional penalties.
whenever a licensee negotiates a contract for the resale of a timeshare resale unit, thecontract must contain specific language
? - Answer -common area expenses
1
STUDYGUIDESOLUTIONS
, Real Estate 45 Hour Exam Questions and Answers Updated 2024/2025
-ad valorem taxes
-other ownership charges
who may directly compensate a sales associate for performing a service of real estate -
Answer sales assoc employing broker
which relationship is allowed under florida real estate laws and rule - Answer salesassoc represents a buyer or seller.
but not both in a single agency relationship
a licensee is required to provide written disclosure, which specifies the nature of the relationship they have with a member of
the public. which relationship does not requiresuch disclosure? - Answer no broker relationship
what are the unique duties of a licensee in a single agent relationship - Answer confidentiality, obedience, loyalty, and full
disclosure are fiduciary duties that are uniqueto a single agency relationship and are not required for transaction broker or no
brokerage relationship.
which statement correctly describes the role of the sale assoc - Answer sales assoc isan agent of the employing broker and
acts on behalf of the broker. the broker is employed by and represents the principal
the type of brokerage relationship between a customer and a licensee determines theduties of the licensee to that customer.
however all licensees in any brokerage relationship are required to perform the following duties except for which one
answer: full confidentiality - Answer all licensees in any relationship must:
-deal honestly and fairly
-account for all funds,
-disclose all known facts that affect the value of residential property.
full confidentially, obedience, loyalty, ad full disclosure are due only in a single agencyrelationship.
if a licensee acts as an investor, the licensee must ensure that all parties are aware thatthe licensee is not acting as a what -
Answer real estate licensee
a sales associate may only receive compensation from who, and not from any othersource in regards to the transaction of real
estate? - Answer employing broker
a licensee who practices beyond their scope as a sales associate could be subject to afull disciplinary hearing and what other
penalty for their first violation - Answer license suspension to revocation or $250-$1000
the commission has heard cases where the sales associates employing broker does nothandle property management, so the
sales associate set up their own company to
2
STUDYGUIDESOLUTIONS
