1
Florida Real Estate exam Questions
and Correct Detailed Answers
(Verified Answers)
Q: Temporary Incapacitation of license
Ans: mandatory suspension
Q: out of state broker receives a commission
Ans: cannot participate in the transaction
Q: city needs a new school, acquire land by
Ans: eminent domain
Q: All legal rights transferred (100%)
Ans: assignment
Q: Dual Agency
Master01 | 2025/2026 | Latest update
, 2
Ans: Representing both parties to a transaction. This is unethical unless both
parties agree to it, and it is illegal in many states (Violation of Florida Statute
475
Q: Combining two or more parcels of land
Ans: assemblage
Q: Real Estate Recovery fund is funded by
Ans: fines and fees paid by licensees
Q: Riparian Rights
Ans: An owner's rights in land that borders on or includes a stream, river, or
lake. These rights include access to and use of the water.
Q: Broker hiding value of property
Ans: Could be charged with concealment
Q: If office is closed, reopened, in same license period
Ans: request a reissue- no fee
Master01 | 2025/2026 | Latest update
, 3
Q: real estate taxes are
Ans: Ad Valorem tax
Q: The four factors of production
Ans: land, labor, capital, and entrepreneurial ability
Q: Maximum number of years on FREC
Ans: no limit
Q: Land, improvements, interest and rights
Ans: Real Property
Q: Gross lease
Ans: Tenant pays a fixed rent and the landlord (Lesser) pays all property
expenses
Q: To cure a defect or cloud on the title to a piece of property,
the parties should:
Master01 | 2025/2026 | Latest update
, 4
Ans: quitclam deed
Q: Sales associate working for a broker
Ans: general agency relationship
Q: Brokers office
Ans: Building of stationary construction
Q: More than 1 active broker, 1 license revoked
Ans: no affect on other licenses
Q: Corporation registered to broker real estate
Ans: at least 1 officer licensed as an active broker
Q: Equal DUE rights, same or different deeds
Ans: Tenancy in common
Q: rental property is temporarily diminished
Master01 | 2025/2026 | Latest update
Florida Real Estate exam Questions
and Correct Detailed Answers
(Verified Answers)
Q: Temporary Incapacitation of license
Ans: mandatory suspension
Q: out of state broker receives a commission
Ans: cannot participate in the transaction
Q: city needs a new school, acquire land by
Ans: eminent domain
Q: All legal rights transferred (100%)
Ans: assignment
Q: Dual Agency
Master01 | 2025/2026 | Latest update
, 2
Ans: Representing both parties to a transaction. This is unethical unless both
parties agree to it, and it is illegal in many states (Violation of Florida Statute
475
Q: Combining two or more parcels of land
Ans: assemblage
Q: Real Estate Recovery fund is funded by
Ans: fines and fees paid by licensees
Q: Riparian Rights
Ans: An owner's rights in land that borders on or includes a stream, river, or
lake. These rights include access to and use of the water.
Q: Broker hiding value of property
Ans: Could be charged with concealment
Q: If office is closed, reopened, in same license period
Ans: request a reissue- no fee
Master01 | 2025/2026 | Latest update
, 3
Q: real estate taxes are
Ans: Ad Valorem tax
Q: The four factors of production
Ans: land, labor, capital, and entrepreneurial ability
Q: Maximum number of years on FREC
Ans: no limit
Q: Land, improvements, interest and rights
Ans: Real Property
Q: Gross lease
Ans: Tenant pays a fixed rent and the landlord (Lesser) pays all property
expenses
Q: To cure a defect or cloud on the title to a piece of property,
the parties should:
Master01 | 2025/2026 | Latest update
, 4
Ans: quitclam deed
Q: Sales associate working for a broker
Ans: general agency relationship
Q: Brokers office
Ans: Building of stationary construction
Q: More than 1 active broker, 1 license revoked
Ans: no affect on other licenses
Q: Corporation registered to broker real estate
Ans: at least 1 officer licensed as an active broker
Q: Equal DUE rights, same or different deeds
Ans: Tenancy in common
Q: rental property is temporarily diminished
Master01 | 2025/2026 | Latest update
