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1. Which of the following is required to obtain a Florida real estate
salesperson license?
A. Must be at least 18 years old
B. Must have a college degree
C. Must be a Florida resident
D. Must have 5 years of real estate experience
A. Must be at least 18 years old
Rationale: Florida law requires applicants to be at least 18 years old, have a
high school diploma or equivalent, and complete the required pre-licensing
education.
2. A real estate broker must retain copies of all transaction records for:
A. 1 year
B. 3 years
C. 5 years
D. 7 years
B. 3 years
Rationale: Florida law requires brokers to maintain transaction records,
including contracts and closing statements, for at least three years.
, 3. Which of the following is considered a “fiduciary duty” of a real estate
agent to a client?
A. Loyalty
B. Advertising
C. Marketing
D. Pricing
A. Loyalty
Rationale: Fiduciary duties include loyalty, confidentiality, obedience, full
disclosure, accounting, and reasonable skill and care.
4. An unlicensed assistant may perform all of the following EXCEPT:
A. Answer phone calls
B. Show properties
C. Schedule appointments
D. Prepare flyers
B. Show properties
Rationale: Only licensed agents may show properties or negotiate on behalf
of clients; unlicensed assistants can perform administrative tasks.
5. Which type of listing allows a seller to sell the property independently
without paying a commission?
A. Exclusive right of sale
B. Exclusive agency
C. Open listing
D. Net listing
B. Exclusive agency
Rationale: In an exclusive agency listing, the seller retains the right to sell the
property themselves without owing a commission to the broker.
6. A real estate licensee must notify the DBPR of a change of address
within:
A. 10 days
B. 30 days
C. 60 days
D. 90 days
, B. 30 days
Rationale: Licensees are required by Florida law to update their address with
the Department of Business and Professional Regulation (DBPR) within 30
days.
7. In Florida, a broker must deposit earnest money into a broker escrow
account within:
A. 24 hours
B. 3 business days
C. 5 business days
D. 10 business days
B. 3 business days
Rationale: Florida law requires brokers to deposit escrow funds into a trust or
escrow account within 3 business days of receipt.
8. Which of the following is TRUE regarding dual agency in Florida?
A. Dual agency is always allowed
B. Dual agency requires written consent from both parties
C. Dual agency is allowed without disclosure
D. Dual agency is illegal in Florida
D. Dual agency is illegal in Florida
Rationale: Florida law prohibits dual agency; a broker may only represent one
party in a transaction unless a single agent relationship is disclosed and
agreed to.
9. A Florida real estate license is renewed every:
A. 1 year
B. 2 years
C. 3 years
D. 5 years
B. 2 years
Rationale: Real estate licenses in Florida must be renewed biennially (every 2
years) and require completion of continuing education.
10.Which of the following is considered real property?
A. A fence