Florida Real Estate Exam
with correct answers
2025/2026
_______ __ _______applies when a higher-priced property is constructed in an area of lower-
priced properties. the higher priced property will REGRESS in value toward the level of less
expensive properties in the area. - correct answersPrinciple of regression
________ ________ education must be completed during the initial sales associates's license
period. - correct answersPost Licensing
________ expenses do not change w/ occupancy levels, examples property taxes and hazard
insurance. - correct answersFixed
_________ clause is used in mortgages on income-producing real estate. - correct
answersReceivership
_________ has been defined to include anything or any service of Value paid, recieved or
expected to be paid or recieved. - correct answersCompensation
__________ clause allows the lender to Foreclose on you bc you haven't been making your
payments. - correct answersAcceleration
,__________ clause, A.K.A. due-on-sale clause, prevents a borower from transfering any interest
in the morgaged property w/o permission of the lender. - correct answersAlienation
__________ rights allow a property owner whose property borders on a river or steam the use
of the water - correct answersRiparian
____________ of ___________ provides time limits within which parties are allowed to bring
legal action to enforse their rights under a contract. - correct answersStatue of Limitations
$104,250 is the max amount of a verteran's entitlement of a VA guaranteed loan, and ____ days
are required to be a Veteran. - correct answers181 peacetime
90 military conflict
2 ways to Own - correct answers1. fee simple (absolute)
2. Life estate (owned in lifetime)
3 Components of Real Estate - correct answers1. Air
2. Surface
3. Subsurface
A ______ _______ is defined as a contract that is wholly written and under seal (in writing and
signed. - correct answersformal contract
A 5-year lease of a 10,000 sq ft warehouse prohibits assignment. After 2 yrs the tenant is unable
to continue w/ the full rent payments and arranges w/ another tenant to take over one-half of
the space and one-half of the rent for the remaining term. This arrangement is
a. a violation of the terms of the lease
, b. a sublease
c. in violation of Statute 83
d. illegal - correct answersb. a sublease
A blanket Morgage that allows for the release of a single parcel upon payment of a specified
sum contains which clause?
a. defeasance
b. acceleration
c. satisfaction
d. release - correct answersd. release
A Broker
a. can refuse offers on behalf of the principal
b. can buy the listed property w/o consent of the principal
c. must follow all legal instructions of the principal or withdrawl
d. must ignore the instructions of a principal when the instructions are not in the best interests
of the principal. - correct answersc. must follow all legal instructions of the principal or
withdrawl
A contractor is employed by an owner of land to build on that land to the owner's specifications
- correct answersCustom Building
A developer contracts to build a home on a buyer's lot to the buyer's specifications. This is an
example of which type of building:
a. tract
b. custom
with correct answers
2025/2026
_______ __ _______applies when a higher-priced property is constructed in an area of lower-
priced properties. the higher priced property will REGRESS in value toward the level of less
expensive properties in the area. - correct answersPrinciple of regression
________ ________ education must be completed during the initial sales associates's license
period. - correct answersPost Licensing
________ expenses do not change w/ occupancy levels, examples property taxes and hazard
insurance. - correct answersFixed
_________ clause is used in mortgages on income-producing real estate. - correct
answersReceivership
_________ has been defined to include anything or any service of Value paid, recieved or
expected to be paid or recieved. - correct answersCompensation
__________ clause allows the lender to Foreclose on you bc you haven't been making your
payments. - correct answersAcceleration
,__________ clause, A.K.A. due-on-sale clause, prevents a borower from transfering any interest
in the morgaged property w/o permission of the lender. - correct answersAlienation
__________ rights allow a property owner whose property borders on a river or steam the use
of the water - correct answersRiparian
____________ of ___________ provides time limits within which parties are allowed to bring
legal action to enforse their rights under a contract. - correct answersStatue of Limitations
$104,250 is the max amount of a verteran's entitlement of a VA guaranteed loan, and ____ days
are required to be a Veteran. - correct answers181 peacetime
90 military conflict
2 ways to Own - correct answers1. fee simple (absolute)
2. Life estate (owned in lifetime)
3 Components of Real Estate - correct answers1. Air
2. Surface
3. Subsurface
A ______ _______ is defined as a contract that is wholly written and under seal (in writing and
signed. - correct answersformal contract
A 5-year lease of a 10,000 sq ft warehouse prohibits assignment. After 2 yrs the tenant is unable
to continue w/ the full rent payments and arranges w/ another tenant to take over one-half of
the space and one-half of the rent for the remaining term. This arrangement is
a. a violation of the terms of the lease
, b. a sublease
c. in violation of Statute 83
d. illegal - correct answersb. a sublease
A blanket Morgage that allows for the release of a single parcel upon payment of a specified
sum contains which clause?
a. defeasance
b. acceleration
c. satisfaction
d. release - correct answersd. release
A Broker
a. can refuse offers on behalf of the principal
b. can buy the listed property w/o consent of the principal
c. must follow all legal instructions of the principal or withdrawl
d. must ignore the instructions of a principal when the instructions are not in the best interests
of the principal. - correct answersc. must follow all legal instructions of the principal or
withdrawl
A contractor is employed by an owner of land to build on that land to the owner's specifications
- correct answersCustom Building
A developer contracts to build a home on a buyer's lot to the buyer's specifications. This is an
example of which type of building:
a. tract
b. custom
