5/21/25, 11:19 PM FL Real Estate Exam | Quizlet
Name: Score:
102 Multiple choice questions
Term 1 of 102
Transaction Broker
Oral agreement with no representation
Written agreement with full representation
Written agreement with exclusive rights
No written agreement and provides limited representation
Term 2 of 102
When is a broker entitled to compensation?
If the buyer pays a deposit
When a ready, willing, and able purchaser has been located even if the sale is not
consummated
Only after the sale is finalized
When the property is listed for sale
Term 3 of 102
A sales associate is a general agent of the broker and automatically becomes
an independent contractor
a client of the broker
a sub agent to the broker
a competitor of the broker
https://quizlet.com/test/fl-real-estate-exam-33323177?answerTermSides=6&promptTermSides=6&questionCount=102&questionTypes=4&showImages=true 1/34
,5/21/25, 11:19 PM FL Real Estate Exam | Quizlet
Term 4 of 102
How many employers can real estate agents have?
four
two
five
one
Definition 5 of 102
appointed by the court to represent;
no commission
only for fee or salary
This includes; trustees, recievers, Masters in Chancery and Court appointed appraisers
Public Offender
Court Appointed
Not Related To Any Of The Ultimate Beneficiaries
Also A Major Trust Beneficiary
Term 6 of 102
What can a broker be charged with if not producing property or money when required
Failure to account
Hold escrow
Multiple license
Kick backs
https://quizlet.com/test/fl-real-estate-exam-33323177?answerTermSides=6&promptTermSides=6&questionCount=102&questionTypes=4&showImages=true 2/34
,5/21/25, 11:19 PM FL Real Estate Exam | Quizlet
Definition 7 of 102
Uniform pricing or fee for services in an industry, i.e., setting commission rates in a particular
neighborhood
Sherman Clayton Anti Trust Act prohibits
Consumer Protection Act Mandates Price transparency
Securities Exchange Act Regulates Stock trading
Federal Trade Commission encourages competition
Definition 8 of 102
no, but the referring party may not participate in the transaction
Can a broker accept a post dated check
Can Sales associates have offices at home
Are referral fees illegal
Can promissory notes be accepted as escrow
Term 9 of 102
A licensee that does not request a renewal, pay their required dues, and fails to complete the
retraining automatically becomes
Active
Canceled
Voluntary inactive
Involuntary inactive
https://quizlet.com/test/fl-real-estate-exam-33323177?answerTermSides=6&promptTermSides=6&questionCount=102&questionTypes=4&showImages=true 3/34
, 5/21/25, 11:19 PM FL Real Estate Exam | Quizlet
Definition 10 of 102
Felony of 3rd degree; $5K max fine and or up to 5 years in prison
Submitting a loan application with full disclosure
False information on an application
Reporting income to tax authorities correctly
Providing accurate details on a resume
Term 11 of 102
If a broker is involuntary inactive the sales associate must complete what prior to going to a new
broker
RE30
RE20
RE10
RE40
Term 12 of 102
With the Executive powers of the FREC who can act alone
The board of directors
The vice president
The auditors
The chairman
https://quizlet.com/test/fl-real-estate-exam-33323177?answerTermSides=6&promptTermSides=6&questionCount=102&questionTypes=4&showImages=true 4/34
Name: Score:
102 Multiple choice questions
Term 1 of 102
Transaction Broker
Oral agreement with no representation
Written agreement with full representation
Written agreement with exclusive rights
No written agreement and provides limited representation
Term 2 of 102
When is a broker entitled to compensation?
If the buyer pays a deposit
When a ready, willing, and able purchaser has been located even if the sale is not
consummated
Only after the sale is finalized
When the property is listed for sale
Term 3 of 102
A sales associate is a general agent of the broker and automatically becomes
an independent contractor
a client of the broker
a sub agent to the broker
a competitor of the broker
https://quizlet.com/test/fl-real-estate-exam-33323177?answerTermSides=6&promptTermSides=6&questionCount=102&questionTypes=4&showImages=true 1/34
,5/21/25, 11:19 PM FL Real Estate Exam | Quizlet
Term 4 of 102
How many employers can real estate agents have?
four
two
five
one
Definition 5 of 102
appointed by the court to represent;
no commission
only for fee or salary
This includes; trustees, recievers, Masters in Chancery and Court appointed appraisers
Public Offender
Court Appointed
Not Related To Any Of The Ultimate Beneficiaries
Also A Major Trust Beneficiary
Term 6 of 102
What can a broker be charged with if not producing property or money when required
Failure to account
Hold escrow
Multiple license
Kick backs
https://quizlet.com/test/fl-real-estate-exam-33323177?answerTermSides=6&promptTermSides=6&questionCount=102&questionTypes=4&showImages=true 2/34
,5/21/25, 11:19 PM FL Real Estate Exam | Quizlet
Definition 7 of 102
Uniform pricing or fee for services in an industry, i.e., setting commission rates in a particular
neighborhood
Sherman Clayton Anti Trust Act prohibits
Consumer Protection Act Mandates Price transparency
Securities Exchange Act Regulates Stock trading
Federal Trade Commission encourages competition
Definition 8 of 102
no, but the referring party may not participate in the transaction
Can a broker accept a post dated check
Can Sales associates have offices at home
Are referral fees illegal
Can promissory notes be accepted as escrow
Term 9 of 102
A licensee that does not request a renewal, pay their required dues, and fails to complete the
retraining automatically becomes
Active
Canceled
Voluntary inactive
Involuntary inactive
https://quizlet.com/test/fl-real-estate-exam-33323177?answerTermSides=6&promptTermSides=6&questionCount=102&questionTypes=4&showImages=true 3/34
, 5/21/25, 11:19 PM FL Real Estate Exam | Quizlet
Definition 10 of 102
Felony of 3rd degree; $5K max fine and or up to 5 years in prison
Submitting a loan application with full disclosure
False information on an application
Reporting income to tax authorities correctly
Providing accurate details on a resume
Term 11 of 102
If a broker is involuntary inactive the sales associate must complete what prior to going to a new
broker
RE30
RE20
RE10
RE40
Term 12 of 102
With the Executive powers of the FREC who can act alone
The board of directors
The vice president
The auditors
The chairman
https://quizlet.com/test/fl-real-estate-exam-33323177?answerTermSides=6&promptTermSides=6&questionCount=102&questionTypes=4&showImages=true 4/34
