EXAMINATION TEST 2026 COMPLETE
QUESTIONS AND SOLUTIONS GRADED A+
◉ farm area. Answer: target market; one of the best ways to succeed
in real estate
◉ Areas of expert knowledge required for all real estate licensees.
Answer: 1. Property Transfer
2. Valuation and Market Conditions
3. Marketing (consider MLS; Multiple Listing Service)
◉ Residential Transaction. Answer: F.S 475
The sale of any improved residential property of 4 units or fewer.
Unimproved property intended for 4 units or fewer.
Agricultural properties 10 acres or less
◉ Tract Building. Answer: when a developer acquires a large tract of
land, records a subdivision plat map, and uses a model center from
which sales may be made.
,◉ Moratorium. Answer: a temporary suspension of activity; an
authorized delay for a building project
◉ What does the term "Commission" refer to?. Answer: Florida Real
Estate Commission (FREC)
Deals with all things real estate in Florida
◉ What does the term "Department" refer to?. Answer: Department
of Business and Professional Regulation (DBPR)
Issues every and any license
◉ Broker. Answer: A person who performs services of real estate as
a n agent for another and receives compensation for those services
either directly or indirectly.
◉ Can a sales associate be compensated directly from the customer?.
Answer: No, they can only receive their compensation directly from
their employing broker
◉ What are the requirements for a sales associate to become a
broker?. Answer: The sales associate must have been employed
under one or more actively licensed brokers for at least 24 months
,within the preceding 5 years before becoming eligible to take broker
examination (licensure under an owner-developer does not satisfy
this requirement)
◉ Broker Associate. Answer: An individual who is qualified to be
issued a broker's license but who operates as a sales associate in the
employ of another broker. Glorified sales associate.
◉ Does an applicant for the Florida Real Estate license have to be a
resident of the state or country?. Answer: No [F.S. 455. 10]
◉ What is the first question in the application for the Sales Associate
license?. Answer: "Have you ever been convicted or found guilty of,
or entered a plea of solo contenders (no contest) or guilty,
regardless of adjudication, a crime in any jurisdiction, or are you
currently under criminal investigation?"
◉ Is a DUI a major traffic offense?. Answer: Yes, and it must be
disclosed upon application
◉ What are the four parts of application denial?. Answer: 1.
Application is denied by the DEPARTMENT (DBPR)
2. You are notified in writing
3. You have 21 days from day of receipt
4. to request a formal hearing from an administrative law judge
, ◉ How many hours of a FREC I course must one complete in order
to take state exam?. Answer: 63 hours including the final
examination
◉ How many hours of a FREC II course must a sales associate
complete in order to be eligible to become a broker?. Answer: 72
hours including end-of-course examination
◉ Can a sales associate work for more than one broker or developer
at a time?. Answer: No
◉ Does an owner-developer receive a real estate license upon
registering with the department?. Answer: No
◉ Sales associate first renewal. Answer: Sales associate must
complete a 45 hour post license course prior to the expiration of
their initial license period.
Failure to complete this requirement will result in licensee being out
of business and void.
◉ Continuing Education (CE). Answer: All licensees, active or
inactive, must complete 14 hours of commission-approved CE and
pay a renewal fee during each renewal period, excluding the first
(post-license).