Florida Real Estate Practice Exam NEWEST
2025 COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW
VERSION!!
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 - CORRECT 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 - CORRECT
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. - CORRECT 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 - CORRECT ANSWER- C) $500,000
How much personal money may a broker place in a property management escrow account?
A) $200
B) None
C) $5,000
D) $1,000 - CORRECT ANSWER- C) $5,000
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 - CORRECT 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 - CORRECT ANSWER- B) Vacancy and collection losses
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. - CORRECT 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
D) An earnest money deposit - CORRECT ANSWER- D) An earnest money deposit
A broker who changes the business address must notify the Commission of the address change
within how many days?
A) 5
B) 30
C) 10
, D) 60 - CORRECT ANSWER- C) 10
When the parties to a contract state the terms of the contract and show their intentions in
words, either orally or in writing, what type of contract classification has been created?
A) Implied
B) Parol
C) Express
D) Executed - CORRECT ANSWER- C) Express
Which estate includes the right of survivorship?
A) Fee simple estate
B) Tenancy for years
C) Joint tenancy
D) Tenancy in common - CORRECT ANSWER- C) Joint tenancy
A sales associate who is employed by an owner-developer who owns properties in the name of
various entities may be issued
A) a group license.
B) a commercial license.
C) a branch office license.
D) multiple licenses. - CORRECT ANSWER- A) a group license.
Which secondary market participant is a guarantor of government-insured and government-
guaranteed loans?
A) HUD
2025 COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW
VERSION!!
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 - CORRECT 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 - CORRECT
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. - CORRECT 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 - CORRECT ANSWER- C) $500,000
How much personal money may a broker place in a property management escrow account?
A) $200
B) None
C) $5,000
D) $1,000 - CORRECT ANSWER- C) $5,000
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 - CORRECT 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 - CORRECT ANSWER- B) Vacancy and collection losses
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. - CORRECT 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
D) An earnest money deposit - CORRECT ANSWER- D) An earnest money deposit
A broker who changes the business address must notify the Commission of the address change
within how many days?
A) 5
B) 30
C) 10
, D) 60 - CORRECT ANSWER- C) 10
When the parties to a contract state the terms of the contract and show their intentions in
words, either orally or in writing, what type of contract classification has been created?
A) Implied
B) Parol
C) Express
D) Executed - CORRECT ANSWER- C) Express
Which estate includes the right of survivorship?
A) Fee simple estate
B) Tenancy for years
C) Joint tenancy
D) Tenancy in common - CORRECT ANSWER- C) Joint tenancy
A sales associate who is employed by an owner-developer who owns properties in the name of
various entities may be issued
A) a group license.
B) a commercial license.
C) a branch office license.
D) multiple licenses. - CORRECT ANSWER- A) a group license.
Which secondary market participant is a guarantor of government-insured and government-
guaranteed loans?
A) HUD
