1
Florida Real Estate Exam Questions
and Correct Detailed Answers
(Verified Answers)
Q: 3-month term loan of $5,000 at 13% interest. What is the
total payment due at the end of the term?
Ans: 5,000 x 13% = 650 per year; months =54.17 per month x 3 months =
162.50; 5,000 principal + 162.50 interest = $5,162.50
Q: When is the landlord required to notify the tenant in writing
of the manner in which the landlord is holding the advance rent or
security deposit and the rate of interest, if any, the tenant will
receive?
Ans: 30 days
Q: If a tenant is properly notified of the landlord's claim on the
security deposit, the tenant is allowed to file an objection:
Ans: 15 days after receipt of notice of landlord's claim
Master01 | 2025/2026 | Latest update
, 2
Q: Investor is performing an analysis of a 120 x 200 4 story
industrial warehouse building. Investor estimates that 20% of the
space will be unusable. How many 10 x 20 bins could be built?
Ans: 120 x 200 = 24,000 square feet x 80% (usable) = 19,200 square feet usable
per floor;
10 x 20 = 200 square feet per unit;
19, = 96 units per floor x 4 floors = 384 units
Q: How many square feet in the NW 1/4 of the NW 1/4 of the SE
1/4 of the SW 1/4 of the W 1/2?
Ans: 54,450 sq. ft. (one section is 640 acres) (one acre is 43,560 sq. feet)
(640 acres/4, /4, /4, /4, /2 x 43560)
Q: how many acres in a section
Ans: 640
Q: how many square feet in an acre?
Ans: 43,560
Master01 | 2025/2026 | Latest update
, 3
Q: How many acres are contained in a parcel of land measuring
1,650 feet by 1,650 feet?
Ans: 62.5 acres
1650 x 1650 = 2,722,500 divided by 43,560 = 62.5
Q: The homeowners association disclosure includes what
information to the prospective buyer:
Ans: the existence of restrictive covenants, and any assessments that the
association imposes
Q: Which activity requires a license under Chapter 475?
Ans: auctioning farmland
Q: Name activities that do not require a license under chapter
475?
Ans: *A personal representative selling the property of a deceased
*A CPA when performing accounting functions for a real estate investor
*Salaried on-site manager of an apartment building
Master01 | 2025/2026 | Latest update
, 4
Q: Which is NOT true regarding FHA and VA mortgages?
Ans: both will charge a prepayment penalty
(Note: There is no prepayment penalty for either of these!)
Q: Name what is true about FHA and VA mortgages.
Ans: *A prepayment clause is normally included
*they are both assumable
*there are limits on the amount of FHA loans but not VA loans
Q: A sales associate applicant who successfully passes the state
exam may legally begin to "operate" as a licensee when: (2 things)
Ans: a broker agrees to hold the license and the license is registered at DBPR
Q: Which is UNTRUE of appraisals?
Ans: Market activity is a consideration in determining investment value
Q: What is true of appraisals?
Master01 | 2025/2026 | Latest update
Florida Real Estate Exam Questions
and Correct Detailed Answers
(Verified Answers)
Q: 3-month term loan of $5,000 at 13% interest. What is the
total payment due at the end of the term?
Ans: 5,000 x 13% = 650 per year; months =54.17 per month x 3 months =
162.50; 5,000 principal + 162.50 interest = $5,162.50
Q: When is the landlord required to notify the tenant in writing
of the manner in which the landlord is holding the advance rent or
security deposit and the rate of interest, if any, the tenant will
receive?
Ans: 30 days
Q: If a tenant is properly notified of the landlord's claim on the
security deposit, the tenant is allowed to file an objection:
Ans: 15 days after receipt of notice of landlord's claim
Master01 | 2025/2026 | Latest update
, 2
Q: Investor is performing an analysis of a 120 x 200 4 story
industrial warehouse building. Investor estimates that 20% of the
space will be unusable. How many 10 x 20 bins could be built?
Ans: 120 x 200 = 24,000 square feet x 80% (usable) = 19,200 square feet usable
per floor;
10 x 20 = 200 square feet per unit;
19, = 96 units per floor x 4 floors = 384 units
Q: How many square feet in the NW 1/4 of the NW 1/4 of the SE
1/4 of the SW 1/4 of the W 1/2?
Ans: 54,450 sq. ft. (one section is 640 acres) (one acre is 43,560 sq. feet)
(640 acres/4, /4, /4, /4, /2 x 43560)
Q: how many acres in a section
Ans: 640
Q: how many square feet in an acre?
Ans: 43,560
Master01 | 2025/2026 | Latest update
, 3
Q: How many acres are contained in a parcel of land measuring
1,650 feet by 1,650 feet?
Ans: 62.5 acres
1650 x 1650 = 2,722,500 divided by 43,560 = 62.5
Q: The homeowners association disclosure includes what
information to the prospective buyer:
Ans: the existence of restrictive covenants, and any assessments that the
association imposes
Q: Which activity requires a license under Chapter 475?
Ans: auctioning farmland
Q: Name activities that do not require a license under chapter
475?
Ans: *A personal representative selling the property of a deceased
*A CPA when performing accounting functions for a real estate investor
*Salaried on-site manager of an apartment building
Master01 | 2025/2026 | Latest update
, 4
Q: Which is NOT true regarding FHA and VA mortgages?
Ans: both will charge a prepayment penalty
(Note: There is no prepayment penalty for either of these!)
Q: Name what is true about FHA and VA mortgages.
Ans: *A prepayment clause is normally included
*they are both assumable
*there are limits on the amount of FHA loans but not VA loans
Q: A sales associate applicant who successfully passes the state
exam may legally begin to "operate" as a licensee when: (2 things)
Ans: a broker agrees to hold the license and the license is registered at DBPR
Q: Which is UNTRUE of appraisals?
Ans: Market activity is a consideration in determining investment value
Q: What is true of appraisals?
Master01 | 2025/2026 | Latest update
