STATE EXAM FLORIDA REAL ESTATE
QUESTIONS WITH VERIFIED
ANSWERS
1. Property management in the real estate business has gained popularity and
importance due to - ANSWERSthe growth in absentee ownership.
2. A licensee may substitute attendance at one legal agenda session of the FREC for -
ANSWERSthree hours of continuing education credit.
3. Since performing a broker price opinion or comparative market analysis constitutes
real estate brokerage activity, the compensation collected in connection with that activity
must be paid to the - ANSWERSsales associate's Broker/brokerage.
4.Sales associates who fail to complete the post-licensing education requirement after
24 months and want to continue in the real estate business are required to requalify for
licensure by - ANSWERSrepeating the pre-licensure class, passing the end-of-course
examination, and passing the state licensure examination.
5.After completing the post-licensing education during the initial license period,
licensees must complete - ANSWERSat least 14 hours of continuing education during
every 2-year license period for active and inactive licensees.
6. Prior to Owner's death, she named her friend, Jenny, as the personal representative
of her estate. To take an active part in the sale of Owner's real estate, Jenny is -
ANSWERSnot required to obtain a real estate license.
7. An unlicensed personal assistant may be at an open house and can -
ANSWERShand out materials.
8. Of the seven total members of the FREC, two must be - ANSWERSnever licensed as
real estate sales associates or broker.
9. The law that establishes the legal rights and responsibilities of real estate licensees is
- ANSWERSFlorida Statute Chapter 475
10. A licensed real estate broker has a listing with an asking price $80,000. A prospect
makes an oral offer of $78,000. A second prospect aware of the first oral offer, offers
$82,000. Broker, without consulting owner, prepares a written contract for only the
$82,000 offer and submits it to owner. Which of these is a correct statement? -
ANSWERSBroker should have submitted both offers to Owner.
, 11. From a legal standpoint, when the buyer is a real estate broker's principal, the sales
associates in the broker's office are - ANSWERSalso legally bound by the broker's
agency obligations.
12.The No Brokerage Relationship notice must be disclosed - ANSWERSin writing
before the showing of property.
13. A licensed real estate sales associate in the employ of a broker has - ANSWERSthe
same obligations to the broker's clients and customers as the broker.
14.A broker entered into a listing contract with the seller of a house and became the
single agent of the seller. A potential buyer wants to see the seller's house and wishes
to have representation by the broker as well. The broker must - ANSWERShave the
seller sign a Transition to Transaction Broker form before showing the house to the
buyer.
15. A broker receives a listing on a home he knows to be perfect for his best friend. The
home is being sold because of a divorce, and the broker knows the owners will accept a
substantially lower bid then the listed price. The broker should tell his best friend -
ANSWERSnothing, but present to Owner any offer that his friend wishes to make.
16. A sales associate leaves Realty Company to work for Realty, Inc. Before leaving,
the sales associate takes the original copies of listing contracts that he secured for
Realty company. The sales associate is - ANSWERSsubject to a charge of larceny.
17. A real estate broker owns XYZ Realty, and his brother owns ABC Developers. Both
firms work out of the same office. Given this situation, a sales associate -
ANSWERSmay be registered, and have an active license with, one realty firm or one
owner-developer.
18. It would be fraudulent for a broker or sales associate to knowingly sell a property -
ANSWERSby using a lottery, even if the property is actually conveyed in accordance
with the lottery rules.
19. A broker is allowed to share a referral fee directly with - ANSWERSan actively
licensed broker who has not violated any laws of Florida.
20. Buyer purchases a house through Broker and asks Broker to refer a contractor who
can remodel parts of the house. Broker refers Buyer to a contractor who gives Broker
money for customer referrals. If all interested parties were notified of this arrangement
prior to payment, which of these is a correct statement? - ANSWERSPayments of less
than $2,500 are allowable as provided in chapter 61J2, Florida Administrative Code.
21. Broker was convicted for publishing false or misleading information and received the
appropriate criminal penalty. Given these facts, the correct statement would be that the
QUESTIONS WITH VERIFIED
ANSWERS
1. Property management in the real estate business has gained popularity and
importance due to - ANSWERSthe growth in absentee ownership.
2. A licensee may substitute attendance at one legal agenda session of the FREC for -
ANSWERSthree hours of continuing education credit.
3. Since performing a broker price opinion or comparative market analysis constitutes
real estate brokerage activity, the compensation collected in connection with that activity
must be paid to the - ANSWERSsales associate's Broker/brokerage.
4.Sales associates who fail to complete the post-licensing education requirement after
24 months and want to continue in the real estate business are required to requalify for
licensure by - ANSWERSrepeating the pre-licensure class, passing the end-of-course
examination, and passing the state licensure examination.
5.After completing the post-licensing education during the initial license period,
licensees must complete - ANSWERSat least 14 hours of continuing education during
every 2-year license period for active and inactive licensees.
6. Prior to Owner's death, she named her friend, Jenny, as the personal representative
of her estate. To take an active part in the sale of Owner's real estate, Jenny is -
ANSWERSnot required to obtain a real estate license.
7. An unlicensed personal assistant may be at an open house and can -
ANSWERShand out materials.
8. Of the seven total members of the FREC, two must be - ANSWERSnever licensed as
real estate sales associates or broker.
9. The law that establishes the legal rights and responsibilities of real estate licensees is
- ANSWERSFlorida Statute Chapter 475
10. A licensed real estate broker has a listing with an asking price $80,000. A prospect
makes an oral offer of $78,000. A second prospect aware of the first oral offer, offers
$82,000. Broker, without consulting owner, prepares a written contract for only the
$82,000 offer and submits it to owner. Which of these is a correct statement? -
ANSWERSBroker should have submitted both offers to Owner.
, 11. From a legal standpoint, when the buyer is a real estate broker's principal, the sales
associates in the broker's office are - ANSWERSalso legally bound by the broker's
agency obligations.
12.The No Brokerage Relationship notice must be disclosed - ANSWERSin writing
before the showing of property.
13. A licensed real estate sales associate in the employ of a broker has - ANSWERSthe
same obligations to the broker's clients and customers as the broker.
14.A broker entered into a listing contract with the seller of a house and became the
single agent of the seller. A potential buyer wants to see the seller's house and wishes
to have representation by the broker as well. The broker must - ANSWERShave the
seller sign a Transition to Transaction Broker form before showing the house to the
buyer.
15. A broker receives a listing on a home he knows to be perfect for his best friend. The
home is being sold because of a divorce, and the broker knows the owners will accept a
substantially lower bid then the listed price. The broker should tell his best friend -
ANSWERSnothing, but present to Owner any offer that his friend wishes to make.
16. A sales associate leaves Realty Company to work for Realty, Inc. Before leaving,
the sales associate takes the original copies of listing contracts that he secured for
Realty company. The sales associate is - ANSWERSsubject to a charge of larceny.
17. A real estate broker owns XYZ Realty, and his brother owns ABC Developers. Both
firms work out of the same office. Given this situation, a sales associate -
ANSWERSmay be registered, and have an active license with, one realty firm or one
owner-developer.
18. It would be fraudulent for a broker or sales associate to knowingly sell a property -
ANSWERSby using a lottery, even if the property is actually conveyed in accordance
with the lottery rules.
19. A broker is allowed to share a referral fee directly with - ANSWERSan actively
licensed broker who has not violated any laws of Florida.
20. Buyer purchases a house through Broker and asks Broker to refer a contractor who
can remodel parts of the house. Broker refers Buyer to a contractor who gives Broker
money for customer referrals. If all interested parties were notified of this arrangement
prior to payment, which of these is a correct statement? - ANSWERSPayments of less
than $2,500 are allowable as provided in chapter 61J2, Florida Administrative Code.
21. Broker was convicted for publishing false or misleading information and received the
appropriate criminal penalty. Given these facts, the correct statement would be that the
