Cram 6 FL Real Estate Exam
Questions with Accurate Answers
501. A broker has a listing on a seller's house. The seller goes on vacation. During this
time, the broker gets an offer for $78,000 and another offer for $80,000. What should
the broker do?
a. Present the $80,000 offer upon seller's return
b. Accept the $80,000 offer on behalf of the seller
c. Reject the $78,000 offer
d. Present both offers upon the seller's return
Reference: Ch. 4, Authorized Real Estate Brokerage Relationships, Presenting Offers -
ANSWERSd. Present both offers upon the seller's return
502. ln case of a financial hardship due to a zoning requirement, for what should the
homeowner apply?
a. Nonconforming use
b. Special use exception
c. Easement
d. Variance
Reference: Ch. 19, Zoning Board of Adjustment - ANSWERSd. Variance
503. ln Florida, what does the 10-mill cap apply to?
a. lncome taxes
b. lntangible taxes
c. City, county and school tax districts
d. Sales taxes
Reference: Ch. 18, Real Property Taxation, The 10 Mill Cap - ANSWERSc. City, county
and school tax districts
504. The DBPR may investigate matters it considers a violation of the Iicense law in
which of the following situations?
a. lt may investigate only those individuals who are registered with the FREC as sales
associates or brokers.
b. It may investigate only upon court- ordered subpoenas.
c. lt may investigate any person having knowledge of the facts of the case.
d. lt may investigate only if jurisdiction has been established by a proper court of law.
,Reference: Ch. 6, The Disciplinary Process - ANSWERSc. lt may investigate any
person having knowledge of the facts of the case.
505. lf a licensee fails to renew his or her license at the end of the prescribed period,
what is the status of the license?
a. lt may remain inactive for a maximum of 2 years.
b. lt may remain inactive for a maximum of 10 years.
c. lt is automatically suspended.
d. lt must be renewed as soon as possible.
Reference: Ch. 3, Licensing Periods, Renewal - ANSWERSa. lt may remain inactive for
a maximum of 2 years.
506. What is the expected result when the banks stock up their reserves?
a. A tight money market
b. An easy money market
c. Prepayment of loans
d. Easier financing
Reference: Ch. 13, Federal Reserve System - ANSWERSa. A tight money market
507. Frank and Harry own a property. Frank dies, and the property passes to Harry.
How was the property held?
a. Tenancy by the entireties
b. Joint estate
c. Tenancy at will
d. Community property
Reference: Ch. 8, Estates - ANSWERSb. Joint estate
508. What was the major impact of the Jones v. Mayer Supreme Court case in 1968?
a. lt protected borrowers from fraudulent lending practices.
b. lt added handicap and familial status to the list of protected classes.
c. lt created the USPAP standards for appraisal.
d. lt strictly prohibited discrimination based on race, with no exceptions.
Reference: Ch. 7, Federal Fair Housing Laws - ANSWERSd. lt strictly prohibited
discrimination based on race, with no exceptions.
509. The defendant must file an answer to an administrative complaint within how many
days?
, a. 15
b. 21
c. 30
d. 14
Reference: Ch. 6, The Disciplinary Process - ANSWERSb. 21
510. A sales associate must do allthe following to renew a current and valid license,
EXCEPT:
a. Complete 14 hours of continuing education, for renewal periods after the first renewal
b. Complete the proper renewal request form and pay the required fee
c. Pass a 45-hour post-licensing course, if renewing for the first time
d. Show Florida residency.
Reference: Ch. 2, Renewing a Florida Real Estate License; Ch. 3, Licensing Periods,
Renewal - ANSWERSd. Show Florida residency.
511. A broker was convicted of securities fraud also causing FREC to revoke his
license. lf he is the only broker in a sole proprietorship, what would the license status
become of the sales associates registered under him?
a. Revoked
b. Suspended
c. Cancelled
d. Placed involuntary inactive
Reference: Ch. 3, Active and lnactive License Status, Void and lneffective Licenses; Ch.
5, Sole Proprietorship - ANSWERSd. Placed involuntary inactive
512. All of the following are requirements for obtaining a Florida real estate broker's
license, EXGEPT:
a. Complete the required broker's pre-licensing course.
b. Have a social security number
c. Submit the proper application and fees to the Department
d. Be employed for at least 12 months in the last 5 years by an actively licensed broker
Reference: Ch. 2, Obtaining a Florida Real Estate License - Broker - ANSWERSd. Be
employed for at least 12 months in the last 5 years by an actively licensed broker
513. Florida real estate law requires that the buyer be informed of all of the following,
EXCEPT:
a. lf they are required to join a homeowner's association
Questions with Accurate Answers
501. A broker has a listing on a seller's house. The seller goes on vacation. During this
time, the broker gets an offer for $78,000 and another offer for $80,000. What should
the broker do?
a. Present the $80,000 offer upon seller's return
b. Accept the $80,000 offer on behalf of the seller
c. Reject the $78,000 offer
d. Present both offers upon the seller's return
Reference: Ch. 4, Authorized Real Estate Brokerage Relationships, Presenting Offers -
ANSWERSd. Present both offers upon the seller's return
502. ln case of a financial hardship due to a zoning requirement, for what should the
homeowner apply?
a. Nonconforming use
b. Special use exception
c. Easement
d. Variance
Reference: Ch. 19, Zoning Board of Adjustment - ANSWERSd. Variance
503. ln Florida, what does the 10-mill cap apply to?
a. lncome taxes
b. lntangible taxes
c. City, county and school tax districts
d. Sales taxes
Reference: Ch. 18, Real Property Taxation, The 10 Mill Cap - ANSWERSc. City, county
and school tax districts
504. The DBPR may investigate matters it considers a violation of the Iicense law in
which of the following situations?
a. lt may investigate only those individuals who are registered with the FREC as sales
associates or brokers.
b. It may investigate only upon court- ordered subpoenas.
c. lt may investigate any person having knowledge of the facts of the case.
d. lt may investigate only if jurisdiction has been established by a proper court of law.
,Reference: Ch. 6, The Disciplinary Process - ANSWERSc. lt may investigate any
person having knowledge of the facts of the case.
505. lf a licensee fails to renew his or her license at the end of the prescribed period,
what is the status of the license?
a. lt may remain inactive for a maximum of 2 years.
b. lt may remain inactive for a maximum of 10 years.
c. lt is automatically suspended.
d. lt must be renewed as soon as possible.
Reference: Ch. 3, Licensing Periods, Renewal - ANSWERSa. lt may remain inactive for
a maximum of 2 years.
506. What is the expected result when the banks stock up their reserves?
a. A tight money market
b. An easy money market
c. Prepayment of loans
d. Easier financing
Reference: Ch. 13, Federal Reserve System - ANSWERSa. A tight money market
507. Frank and Harry own a property. Frank dies, and the property passes to Harry.
How was the property held?
a. Tenancy by the entireties
b. Joint estate
c. Tenancy at will
d. Community property
Reference: Ch. 8, Estates - ANSWERSb. Joint estate
508. What was the major impact of the Jones v. Mayer Supreme Court case in 1968?
a. lt protected borrowers from fraudulent lending practices.
b. lt added handicap and familial status to the list of protected classes.
c. lt created the USPAP standards for appraisal.
d. lt strictly prohibited discrimination based on race, with no exceptions.
Reference: Ch. 7, Federal Fair Housing Laws - ANSWERSd. lt strictly prohibited
discrimination based on race, with no exceptions.
509. The defendant must file an answer to an administrative complaint within how many
days?
, a. 15
b. 21
c. 30
d. 14
Reference: Ch. 6, The Disciplinary Process - ANSWERSb. 21
510. A sales associate must do allthe following to renew a current and valid license,
EXCEPT:
a. Complete 14 hours of continuing education, for renewal periods after the first renewal
b. Complete the proper renewal request form and pay the required fee
c. Pass a 45-hour post-licensing course, if renewing for the first time
d. Show Florida residency.
Reference: Ch. 2, Renewing a Florida Real Estate License; Ch. 3, Licensing Periods,
Renewal - ANSWERSd. Show Florida residency.
511. A broker was convicted of securities fraud also causing FREC to revoke his
license. lf he is the only broker in a sole proprietorship, what would the license status
become of the sales associates registered under him?
a. Revoked
b. Suspended
c. Cancelled
d. Placed involuntary inactive
Reference: Ch. 3, Active and lnactive License Status, Void and lneffective Licenses; Ch.
5, Sole Proprietorship - ANSWERSd. Placed involuntary inactive
512. All of the following are requirements for obtaining a Florida real estate broker's
license, EXGEPT:
a. Complete the required broker's pre-licensing course.
b. Have a social security number
c. Submit the proper application and fees to the Department
d. Be employed for at least 12 months in the last 5 years by an actively licensed broker
Reference: Ch. 2, Obtaining a Florida Real Estate License - Broker - ANSWERSd. Be
employed for at least 12 months in the last 5 years by an actively licensed broker
513. Florida real estate law requires that the buyer be informed of all of the following,
EXCEPT:
a. lf they are required to join a homeowner's association
