Florida Real Estate Class Final Exam
Questions and answers 2025
A .Business .Broker .- .CORRECT .ANSWER-Specializes .in .the .sale, .purchase .or
.lease .of .businesses. .Is .required .to .have .a .real .estate .license .and .may .be
.licensed .as .a .real .estate .broker .or .sales .associate
Follow-Up .is .- .CORRECT .ANSWER-Keeping .in .contact .with .the .new .owner .after
.the .closing .of .the .sale
A .builder .constructs .a .house .on .an .owner's .lot .according .to .the .owner's .plans
.and .specifications. .This .is .called .- .CORRECT .ANSWER-Custom .Building
A .builder .purchases .several .vacant .lots .in .an .established .residential
.subdivision. .The .builder .constructs .houses .w/o .having .secured .a .buyer .in
.advance .of .the .construction .of .each .home .and .advertises .them .for .sale .to
.prospective .buyers. .This .is .which .type .of .residential .construction? .- .CORRECT
.ANSWER-Spec .Building
What .is .exempt .from .Real .Estate .licensure .under .Chapter .475? .- .CORRECT
.ANSWER-1. .Straight .Salary .. .
2. .A .person .who .sells .cemetery .lots .for .a .commission. .3. .Court .jurisdiction. .
4. .Renting .of .a .mobil .home .lot .in .a .mobil .home .park
Other .exemptions .from .licensure .include .- .CORRECT .ANSWER-1. .For .Sale .by
.Owner
2. .Owner .of .a .Timeshare .period .who .offers .the .property .for .resale.
3. .A .leasing .agent .of .an .apt. .complex .if .they .are .salaried, .work .in .an .onsite
.rental .office .and .work .in .a .leasing .capacity.
4. .A .manager .of .a .condo .and .Co-op .if .employed .for .a .salary .and .rent .is .for
.periods .no .greater .than .1 .yr.
5. .An .Attorney-in-Fact .(Power .of .Attorney)
6. .An .Attorney-at-Law .when .acting .in .the .scope .of .his .or .her .duties .as .an
.attorney. .Not .receiving .any .compensation .for .a .sale.
7. .A .decedent .(personal .representative) .when .appointed .by .the .court.
8. .A .person .selling .entities .licensed .by .the .FCC .(radio, .TV .or .cable .enterprises)
9. .A .person .selling .personal .property.
,A .farmer .is .appointed .by .the .court .to .appraise .the .farm .land .of .a .deceased
.neighbor. .The .farmer .will .be .paid .a .$3000 .fee .for .the .appraisal. .Is .he .exempt
.from .Chapter .475? .- .CORRECT .ANSWER-Yes .because .he .was .appointed .by .the
.courts.
A .sales .assoc .employs .an .unlicensed .assistant. .The .licensee .prepares .a .fact
.sheet .for .all .of .her .listings. .The .sales .assoc .instructs .her .assistant .to .drive .a
.prospective .purchaser .by .several .listed .properties. .When .questioned .about .a
.particular .property, .the .assistant .reads .information .from .the .fact .sheet. .The
.prospect .decides .to .buy .after .the .assistant .showed .her .the .interior .of .the .last
.property. .Have .one .or .the .other .or .both .violated .Chapter .475? .- .CORRECT
.ANSWER-Both .violated .the .license .law .when .the .assistant .entered .the .property
.to .show .it.
Under .FREC .rules, .a .Fla .resident .is .a .person .who .has .- .CORRECT .ANSWER-
resided .in .Fla .for .at .least .4 .mos .within .the .preceding .year.
Tom .intends .to .make .application .to .become .a .Fla .real .estate .sales .associate.
.He .must .have .a .Social .Security .number, .a .high .school .diploma, .be .over .18,
.and .be .competent .to .negotiate. .What .is .not .required? .- .CORRECT .ANSWER-To
.be .a .US .Citizen
Mary .has .a .4 .year .degree .in .real .estate. .Mary .must .still .attend .the .pre-licensing
.course .and .post-licensing .education. .What .class .is .she .exempt .from? .-
.CORRECT .ANSWER-Continuing .Education
If .a .Florida .licensee .becomes .a .non-resident .of .Florida, .he .or .she .must .-
.CORRECT .ANSWER-notify .the .BPR .within .10 .days .and .file .an ."irrevocable
.consent .to .service" .within .60 .days
If .a .real .estate .licensee .moves .to .Florida .from .another .state .and .wants .to
.obtain .a .Fla .Sales .Assoc .license .based .on .Mutual .Recognition, .the .licensee
.must .- .CORRECT .ANSWER-complete .the .63-hour .sales .assoc .pre-licensing
.course .and .pass .the .Fla .license .exam.
To .obtain .a .broker's .license, .the .applicant .must .have .- .CORRECT .ANSWER-1.
.Satisfactorily .completed .the .72 .hr .broker .course.
2. .been .an .Active .Sales .Assoc .for .at .least .24 .months.
What .information .is .required .to .be .disclosed .on .an .application .for .RE
.licensure? .- .CORRECT .ANSWER-1. .If .you've .ever .been .convicted .of .a .crime.
2. .Entered .a .plea .of .nolo .contendere, .regardless .of .adjudicaton.
3. .Any .violation .of .the .law .(except .traffic .violations, .speeding .tickets, .etc)
What .does .NOT .have .to .be .disclosed .on .an .application .for .RE .licensure? .-
.CORRECT .ANSWER-Personal .Bankruptcy
, If .a .developer .owns .3 .subdivisions .in .the .names .of .3 .different .entities. .A .sales
.assoc .or .broker .assoc .may .be .employed .by .the .owner-developer .on .a
.commission .basis .to .sell .lots .in .the .3 .subdivisions .if .the .assoc .is .issued .what
.type .of .license? .- .CORRECT .ANSWER-A .Group .License
To .be .a .broker .for .several .real .estate .brokerage .companies, .you .must .be
.issued .what .type .of .license? .- .CORRECT .ANSWER-Multiple .Broker .licenses
.(one .for .each .company)
If .a .real .estate .licensee .fails .to .renew .her .license .at .the .end .of .the .biennial
.renewal .period, .what .will .happen .to .the .license? .- .CORRECT .ANSWER-It
.reverts .to .an .involuntary .inactive .status
If .Mary's .initial .license .was .issue .on .Feb .6, .2011, .what .is .the .expiration .date .on
.her .license? .- .CORRECT .ANSWER-September .30, .2012. .(Licenses .are .renewed
.on .March .31 .and .September .30 .every .year)
If .a .RE .licensee .becomes .a .member .of .the .US .Armed .Forces .and .is .not
.engaged .in .the .practice .of .RE .in .the .private .sector, .what .is .the .status .of .his
.license? .- .CORRECT .ANSWER-It .is .kept .in .good .standing .while .he .is .on .active
.duty .and .for .a .period .of .6 .mos .after .his .discharge .from .active .duty.
What .happens .if .a .licensee .changes .last .name .or .mailing .address? .- .CORRECT
.ANSWER-Must .notify .BPR .within .10 .days .of .the .change
If .a .real .estate .broker's .license .is .suspended .for .6 .mos .for .a .violation .of
.license .law, .the .licenses .of .the .sales .assoc .registered .with .the .broker .with
.become .what? .- .CORRECT .ANSWER-Involuntary .Inactive
Which .power .gives .the .Fla .Real .Estate .Commission .(FREC) .the .authority .to
.regulate .and .enforce .real .estate .license .law? .- .CORRECT .ANSWER-The
.Executive .Power
What .is .the .BPR? .- .CORRECT .ANSWER-Dept .of .Business .and .Professional
.Regulation
Who .is .the .Secretary .of .the .BPR .appointed .by? .- .CORRECT .ANSWER-
Appointed .by .the .Governor .and .confirmed .by .the .Senate
What .is .the .purpose .of .Laws? .- .CORRECT .ANSWER-To .protect .the .public
What .is .the .DRE? .- .CORRECT .ANSWER-The .Division .of .Real .Estate
Questions and answers 2025
A .Business .Broker .- .CORRECT .ANSWER-Specializes .in .the .sale, .purchase .or
.lease .of .businesses. .Is .required .to .have .a .real .estate .license .and .may .be
.licensed .as .a .real .estate .broker .or .sales .associate
Follow-Up .is .- .CORRECT .ANSWER-Keeping .in .contact .with .the .new .owner .after
.the .closing .of .the .sale
A .builder .constructs .a .house .on .an .owner's .lot .according .to .the .owner's .plans
.and .specifications. .This .is .called .- .CORRECT .ANSWER-Custom .Building
A .builder .purchases .several .vacant .lots .in .an .established .residential
.subdivision. .The .builder .constructs .houses .w/o .having .secured .a .buyer .in
.advance .of .the .construction .of .each .home .and .advertises .them .for .sale .to
.prospective .buyers. .This .is .which .type .of .residential .construction? .- .CORRECT
.ANSWER-Spec .Building
What .is .exempt .from .Real .Estate .licensure .under .Chapter .475? .- .CORRECT
.ANSWER-1. .Straight .Salary .. .
2. .A .person .who .sells .cemetery .lots .for .a .commission. .3. .Court .jurisdiction. .
4. .Renting .of .a .mobil .home .lot .in .a .mobil .home .park
Other .exemptions .from .licensure .include .- .CORRECT .ANSWER-1. .For .Sale .by
.Owner
2. .Owner .of .a .Timeshare .period .who .offers .the .property .for .resale.
3. .A .leasing .agent .of .an .apt. .complex .if .they .are .salaried, .work .in .an .onsite
.rental .office .and .work .in .a .leasing .capacity.
4. .A .manager .of .a .condo .and .Co-op .if .employed .for .a .salary .and .rent .is .for
.periods .no .greater .than .1 .yr.
5. .An .Attorney-in-Fact .(Power .of .Attorney)
6. .An .Attorney-at-Law .when .acting .in .the .scope .of .his .or .her .duties .as .an
.attorney. .Not .receiving .any .compensation .for .a .sale.
7. .A .decedent .(personal .representative) .when .appointed .by .the .court.
8. .A .person .selling .entities .licensed .by .the .FCC .(radio, .TV .or .cable .enterprises)
9. .A .person .selling .personal .property.
,A .farmer .is .appointed .by .the .court .to .appraise .the .farm .land .of .a .deceased
.neighbor. .The .farmer .will .be .paid .a .$3000 .fee .for .the .appraisal. .Is .he .exempt
.from .Chapter .475? .- .CORRECT .ANSWER-Yes .because .he .was .appointed .by .the
.courts.
A .sales .assoc .employs .an .unlicensed .assistant. .The .licensee .prepares .a .fact
.sheet .for .all .of .her .listings. .The .sales .assoc .instructs .her .assistant .to .drive .a
.prospective .purchaser .by .several .listed .properties. .When .questioned .about .a
.particular .property, .the .assistant .reads .information .from .the .fact .sheet. .The
.prospect .decides .to .buy .after .the .assistant .showed .her .the .interior .of .the .last
.property. .Have .one .or .the .other .or .both .violated .Chapter .475? .- .CORRECT
.ANSWER-Both .violated .the .license .law .when .the .assistant .entered .the .property
.to .show .it.
Under .FREC .rules, .a .Fla .resident .is .a .person .who .has .- .CORRECT .ANSWER-
resided .in .Fla .for .at .least .4 .mos .within .the .preceding .year.
Tom .intends .to .make .application .to .become .a .Fla .real .estate .sales .associate.
.He .must .have .a .Social .Security .number, .a .high .school .diploma, .be .over .18,
.and .be .competent .to .negotiate. .What .is .not .required? .- .CORRECT .ANSWER-To
.be .a .US .Citizen
Mary .has .a .4 .year .degree .in .real .estate. .Mary .must .still .attend .the .pre-licensing
.course .and .post-licensing .education. .What .class .is .she .exempt .from? .-
.CORRECT .ANSWER-Continuing .Education
If .a .Florida .licensee .becomes .a .non-resident .of .Florida, .he .or .she .must .-
.CORRECT .ANSWER-notify .the .BPR .within .10 .days .and .file .an ."irrevocable
.consent .to .service" .within .60 .days
If .a .real .estate .licensee .moves .to .Florida .from .another .state .and .wants .to
.obtain .a .Fla .Sales .Assoc .license .based .on .Mutual .Recognition, .the .licensee
.must .- .CORRECT .ANSWER-complete .the .63-hour .sales .assoc .pre-licensing
.course .and .pass .the .Fla .license .exam.
To .obtain .a .broker's .license, .the .applicant .must .have .- .CORRECT .ANSWER-1.
.Satisfactorily .completed .the .72 .hr .broker .course.
2. .been .an .Active .Sales .Assoc .for .at .least .24 .months.
What .information .is .required .to .be .disclosed .on .an .application .for .RE
.licensure? .- .CORRECT .ANSWER-1. .If .you've .ever .been .convicted .of .a .crime.
2. .Entered .a .plea .of .nolo .contendere, .regardless .of .adjudicaton.
3. .Any .violation .of .the .law .(except .traffic .violations, .speeding .tickets, .etc)
What .does .NOT .have .to .be .disclosed .on .an .application .for .RE .licensure? .-
.CORRECT .ANSWER-Personal .Bankruptcy
, If .a .developer .owns .3 .subdivisions .in .the .names .of .3 .different .entities. .A .sales
.assoc .or .broker .assoc .may .be .employed .by .the .owner-developer .on .a
.commission .basis .to .sell .lots .in .the .3 .subdivisions .if .the .assoc .is .issued .what
.type .of .license? .- .CORRECT .ANSWER-A .Group .License
To .be .a .broker .for .several .real .estate .brokerage .companies, .you .must .be
.issued .what .type .of .license? .- .CORRECT .ANSWER-Multiple .Broker .licenses
.(one .for .each .company)
If .a .real .estate .licensee .fails .to .renew .her .license .at .the .end .of .the .biennial
.renewal .period, .what .will .happen .to .the .license? .- .CORRECT .ANSWER-It
.reverts .to .an .involuntary .inactive .status
If .Mary's .initial .license .was .issue .on .Feb .6, .2011, .what .is .the .expiration .date .on
.her .license? .- .CORRECT .ANSWER-September .30, .2012. .(Licenses .are .renewed
.on .March .31 .and .September .30 .every .year)
If .a .RE .licensee .becomes .a .member .of .the .US .Armed .Forces .and .is .not
.engaged .in .the .practice .of .RE .in .the .private .sector, .what .is .the .status .of .his
.license? .- .CORRECT .ANSWER-It .is .kept .in .good .standing .while .he .is .on .active
.duty .and .for .a .period .of .6 .mos .after .his .discharge .from .active .duty.
What .happens .if .a .licensee .changes .last .name .or .mailing .address? .- .CORRECT
.ANSWER-Must .notify .BPR .within .10 .days .of .the .change
If .a .real .estate .broker's .license .is .suspended .for .6 .mos .for .a .violation .of
.license .law, .the .licenses .of .the .sales .assoc .registered .with .the .broker .with
.become .what? .- .CORRECT .ANSWER-Involuntary .Inactive
Which .power .gives .the .Fla .Real .Estate .Commission .(FREC) .the .authority .to
.regulate .and .enforce .real .estate .license .law? .- .CORRECT .ANSWER-The
.Executive .Power
What .is .the .BPR? .- .CORRECT .ANSWER-Dept .of .Business .and .Professional
.Regulation
Who .is .the .Secretary .of .the .BPR .appointed .by? .- .CORRECT .ANSWER-
Appointed .by .the .Governor .and .confirmed .by .the .Senate
What .is .the .purpose .of .Laws? .- .CORRECT .ANSWER-To .protect .the .public
What .is .the .DRE? .- .CORRECT .ANSWER-The .Division .of .Real .Estate
