Florida Real Estate Practice Exam
2025/2026 Exam Questions and Answers
| A+ Score Assured
A property closes on June 10, with the day of closing charged to the buyer.
The buyer is assuming the seller's mortgage loan with its principal balance
of $227,500 at 4.5% interest. Which entry will appear on the Closing
Disclosure?
A) Debit to seller and credit to buyer in the amount of $252.43
B) Credit to seller and debit to buyer in the amount of $589.01
C) Credit to seller and debit to buyer in the amount of $252.43
D) Debit to seller and credit to buyer in the amount of $589.01 - 🧠 ANSWER
✔✔A) Debit to seller and credit to buyer in the amount of $252.43
Which expense is subtracted to derive NOI?
,A) Depreciation
B) Vacancy and collection losses
C) Income taxes
D) Mortgage payments - 🧠 ANSWER ✔✔B) Vacancy and collection losses
Which variable does NOT influence demand?
A) Availability of mortgage credit
B) Availability of construction loans
C) Income of consumers
D) Consumer tastes and preferences - 🧠 ANSWER ✔✔B) Availability of
construction loans
Which individual is exempt from the continuing education requirement?
A) Out-of-state Florida licensee
B) Real estate licensee who holds a voluntary inactive license
C) Real estate licensee who is also a Florida-licensed attorney
,D) Real estate licensee who earned a four-year degree or higher in real
estate - 🧠 ANSWER ✔✔C) Real estate licensee who is also a Florida-
licensed attorney
An individual who typically finds a tenant for property and collects a fee is
referred to as
A) an absentee owner.
B) a rental agent.
C) a property manager.
D) a community association manager. - 🧠 ANSWER ✔✔B) a rental agent.
Eligible homestead owners may transfer up to what amount of their Save
Our Homes (SOH) benefit from their previous homestead to a new
homestead?
A) $225,000
B) $50,000
C) $500,000
D) $100,000 - 🧠 ANSWER ✔✔C) $500,000
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, How much personal money may a broker place in a property management
escrow account?
A) $200
B) None
C) $5,000
D) $1,000 - 🧠 ANSWER ✔✔C) $5,000
If you have located a township numbered T2S, R4E, the township due
south of that township is
A) T3S, R4E.
B) T25, R3E.
C) T2N, R1E.
D) T2S, R5E. - 🧠 ANSWER ✔✔A) T3S, R4E.
Which element is NOT essential in a valid real estate sale contract?
A) A legal objective or purpose
B) The vendor's signature
C) Competent parties
2025/2026 Exam Questions and Answers
| A+ Score Assured
A property closes on June 10, with the day of closing charged to the buyer.
The buyer is assuming the seller's mortgage loan with its principal balance
of $227,500 at 4.5% interest. Which entry will appear on the Closing
Disclosure?
A) Debit to seller and credit to buyer in the amount of $252.43
B) Credit to seller and debit to buyer in the amount of $589.01
C) Credit to seller and debit to buyer in the amount of $252.43
D) Debit to seller and credit to buyer in the amount of $589.01 - 🧠 ANSWER
✔✔A) Debit to seller and credit to buyer in the amount of $252.43
Which expense is subtracted to derive NOI?
,A) Depreciation
B) Vacancy and collection losses
C) Income taxes
D) Mortgage payments - 🧠 ANSWER ✔✔B) Vacancy and collection losses
Which variable does NOT influence demand?
A) Availability of mortgage credit
B) Availability of construction loans
C) Income of consumers
D) Consumer tastes and preferences - 🧠 ANSWER ✔✔B) Availability of
construction loans
Which individual is exempt from the continuing education requirement?
A) Out-of-state Florida licensee
B) Real estate licensee who holds a voluntary inactive license
C) Real estate licensee who is also a Florida-licensed attorney
,D) Real estate licensee who earned a four-year degree or higher in real
estate - 🧠 ANSWER ✔✔C) Real estate licensee who is also a Florida-
licensed attorney
An individual who typically finds a tenant for property and collects a fee is
referred to as
A) an absentee owner.
B) a rental agent.
C) a property manager.
D) a community association manager. - 🧠 ANSWER ✔✔B) a rental agent.
Eligible homestead owners may transfer up to what amount of their Save
Our Homes (SOH) benefit from their previous homestead to a new
homestead?
A) $225,000
B) $50,000
C) $500,000
D) $100,000 - 🧠 ANSWER ✔✔C) $500,000
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, How much personal money may a broker place in a property management
escrow account?
A) $200
B) None
C) $5,000
D) $1,000 - 🧠 ANSWER ✔✔C) $5,000
If you have located a township numbered T2S, R4E, the township due
south of that township is
A) T3S, R4E.
B) T25, R3E.
C) T2N, R1E.
D) T2S, R5E. - 🧠 ANSWER ✔✔A) T3S, R4E.
Which element is NOT essential in a valid real estate sale contract?
A) A legal objective or purpose
B) The vendor's signature
C) Competent parties
