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Exam (elaborations)

Florida Real Estate Exam Practice

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Florida Real Estate Exam Practice

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Florida Real Estate Exam Practice
Questions 2025/2026 With
Correct Answers

A broker decides to relocate her real estate brokerage office. She notifies the DBPR of the
change in business address. She also informs the DBPR of the names of two sales associates
who are no longer associated with her brokerage. The sales associates' licenses will be



a. suspended until they find new employment

b. canceled

c. null and void

d. placed on inactive status - correct answersd. placed on inactive status



A broker moves his real estate office to a new, trendy location. He is so busy coordinating the
move that he forgets to notify the DBPR. The broker's license



a. will cease to be in force

b. is null and void

c. is automatically suspended

d. is canceled - correct answersa. will cease to be in force



A contract that is NOT in writing is called



a. a formal contract

b. a parol contract

c. a unilateral contract

,d. an executory contract - correct answersb. parol contract



A developer purchased a tract of land and subdivided the property into individual lots. The
developer hired his son, who was not licensed to sell the lots. The father agreed to pay with his
son a salary of $200 per week. After two weeks, the son had sold only two lots, so the father
decided to add an incentive. The father promised his son that after every fifth lot was sold, he
would give his son a lot free and clear. After one more week, the son quit his job to go work for
another developer who paid a higher weekly salary. Which statement applies to this
arrangement?



a. There is no violation of F.S. 475

b. The son alone has violated F.S. 475

c. Only father has violated F.S. 475

d. Both the father and the son have violated F.S. 475 - correct answersd. Both the father and the
son have violated F.S. 475



A licensed sales associate may operate



a. for any registered broker

b. for the broker registered as the sales associate's employer

c. independently if registered with the DBPR

d. as a broker associate - correct answersb.



A man has a North Carolina broker's license, but he is not licensed in Florid.a He sells a parcel of
land he owns in Florida, Assuming all else is proper, this is legal transaction because



a. mutual recognition agreements allow this

b. Florida law exempts from licensure individual owners selling their own real property

c. Florida has honored his nonresident broker's license

, d. he has the knowledge and qualifications necessary to handle the transaction - correct
answersb. Florida law exempts from licensure individual owners selling their own real property



A real estate brokerage company has entered into a single agent buyer broker relationship with
the buyer. In order to show this buyer property that is listed with the same brokerage company
for which it is a single agent, in what brokerage capacity may the company work with this buyer
and seller?



a. Single agent for the seller and transaction broker for the buyer.

b. Single agent for the seller ann single agent for the buyer

c. any relationship that is agreed to by both the buyer and the seller.n

d. Both the seller and the buyer must transition to a transaction broker relationship before the
buyer can be shown the seller's property. - correct answers? Chapter four questions



A real estate licensee works on a commission basis for two separate brokerage companies.
Which statement is TRUE?



a. sales associates may have only one registered employer at any given time

b. the sales associate mat work for both companies as long as the associate is registered under
both employers

c. this is legal as long as the associate only works part-time for each company

d. the sales associate must be registered as a broker associate for this to be legal - correct
answersa. sales associates may have only one registered employer at any given time



A salaries individual manages a condominium building and rents units for three-month to six-
month periods. The manager



a. must be licensed under F.S. 475 because leasing is one of the real estate services

b. must be licensed under F.S. 475 because she rents condominium units for compensation

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