GOLD COAST SCHOOL REAL ESTATE EXAM –
ACTUAL FLORIDA REAL ESTATE LICENSE PREP EXAM
UPDATED QUESTIONS AND ANSWERS WITH RATIONALE
A+ GRADED| BRAND NEW RELEASE!
This comprehensive examination is designed for candidates preparing for the Florida
Real Estate License Exam. The content covers all major areas of Florida real estate law,
practice, and regulations as required by the Florida Real Estate Commission (FREC). This
updated version reflects the most current statutes and rules for 2026.
The examination consists of 300 questions organized into distinct parts covering the
essential domains of real estate practice in Florida.
DOMAINS COVERED
PART 1: Florida Real Estate Law & Agency (Questions 1-50)
PART 2: Real Estate Contracts & Transactions (Questions 51-100)
PART 3: Property Ownership & Land Use (Questions 101-150)
PART 4: Finance & Investments (Questions 151-200)
PART 5: Appraisal & Valuation (Questions 201-230)
PART 6: Real Estate Math & Calculations (Questions 231-260)
PART 7: Property Management & Leasing (Questions 261-280)
PART 8: Specialized Topics & Ethics (Questions 281-300)
,PART 1
FLORIDA REAL ESTATE LAW & AGENCY
(Questions 1 – 50)
QUESTION 1:
A sales associate is showing a property to a buyer. The buyer asks, "Are there any
problems with the foundation?" The associate knows the foundation had cracks that
were repaired but were not disclosed by the seller. What should the associate do?
A) Tell the buyer the foundation is perfect to close the sale.
B) Remain silent since the seller didn't disclose it.
C) Disclose the known facts to the buyer immediately.
D) Tell the buyer to get an inspection but say nothing specific.
Correct Answer: C
Detailed Explanation: Florida law requires licensees to disclose all known material
facts that affect the value or desirability of the property. Silence or
misrepresentation is a violation of FREC rules (Chapter 475, F.S.). The licensee owes
a duty to both the seller and the buyer, but cannot hide defects.
QUESTION 2:
What is the maximum administrative fine the Florida Real Estate Commission (FREC)
can impose per violation against a licensee?
A) $1,000
B) $2,500
C) $5,000
D) $10,000
,Correct Answer: C ($5,000)
Detailed Explanation: FREC can impose a fine of up to $5,000 per count/violation
against a real estate licensee. In addition to fines, FREC can suspend or revoke a
license.
QUESTION 3:
Which of the following is considered a "single act" for the purpose of brokerage
relationships in Florida?
A) Showing one property to one buyer.
B) Selling a property and then leasing it back to the seller.
C) Providing a CMA (Comparative Market Analysis) without a written contract.
D) Answering a question about property taxes over the phone.
Correct Answer: A
Detailed Explanation: Under Florida law, a "single act" (e.g., showing one property)
constitutes brokerage activity requiring a license. However, a single act does not
automatically establish an agency relationship unless agreed upon in writing.
QUESTION 4:
In Florida, a buyer's broker who is working with a customer must present a written
brokerage disclosure to the seller's agent:
A) Before showing the property.
B) At the time of the first substantive contact.
C) Before the buyer signs a contract.
D) Only if the buyer asks for it.
, Correct Answer: C (Before the buyer signs a contract)
Detailed Explanation: The "Brokerage Relationship Disclosure Act" (Section
475.278, F.S.) requires that a disclosure regarding brokerage relationships be
provided to a buyer or seller before signing a contract for sale or lease. The
disclosure must be conspicuous and in writing.
QUESTION 5:
Which of the following is NOT grounds for disciplinary action against a Florida real
estate licensee?
A) Failing to account for escrow funds.
B) Conviction of a felony.
C) Co-mingling personal funds with escrow funds.
D) Refusing to accept a listing at a 3% commission.
Correct Answer: D
Detailed Explanation: Commissions are negotiable in Florida. A licensee is not
obligated to accept a listing or a specific commission rate. Refusing to accept a
listing is a business decision, not a violation of law.
QUESTION 6:
A sales associate deposits a $5,000 earnest money check into their personal
checking account. This is known as:
A) Escrow disbursement.
B) Conversion.
C) Commingling.
ACTUAL FLORIDA REAL ESTATE LICENSE PREP EXAM
UPDATED QUESTIONS AND ANSWERS WITH RATIONALE
A+ GRADED| BRAND NEW RELEASE!
This comprehensive examination is designed for candidates preparing for the Florida
Real Estate License Exam. The content covers all major areas of Florida real estate law,
practice, and regulations as required by the Florida Real Estate Commission (FREC). This
updated version reflects the most current statutes and rules for 2026.
The examination consists of 300 questions organized into distinct parts covering the
essential domains of real estate practice in Florida.
DOMAINS COVERED
PART 1: Florida Real Estate Law & Agency (Questions 1-50)
PART 2: Real Estate Contracts & Transactions (Questions 51-100)
PART 3: Property Ownership & Land Use (Questions 101-150)
PART 4: Finance & Investments (Questions 151-200)
PART 5: Appraisal & Valuation (Questions 201-230)
PART 6: Real Estate Math & Calculations (Questions 231-260)
PART 7: Property Management & Leasing (Questions 261-280)
PART 8: Specialized Topics & Ethics (Questions 281-300)
,PART 1
FLORIDA REAL ESTATE LAW & AGENCY
(Questions 1 – 50)
QUESTION 1:
A sales associate is showing a property to a buyer. The buyer asks, "Are there any
problems with the foundation?" The associate knows the foundation had cracks that
were repaired but were not disclosed by the seller. What should the associate do?
A) Tell the buyer the foundation is perfect to close the sale.
B) Remain silent since the seller didn't disclose it.
C) Disclose the known facts to the buyer immediately.
D) Tell the buyer to get an inspection but say nothing specific.
Correct Answer: C
Detailed Explanation: Florida law requires licensees to disclose all known material
facts that affect the value or desirability of the property. Silence or
misrepresentation is a violation of FREC rules (Chapter 475, F.S.). The licensee owes
a duty to both the seller and the buyer, but cannot hide defects.
QUESTION 2:
What is the maximum administrative fine the Florida Real Estate Commission (FREC)
can impose per violation against a licensee?
A) $1,000
B) $2,500
C) $5,000
D) $10,000
,Correct Answer: C ($5,000)
Detailed Explanation: FREC can impose a fine of up to $5,000 per count/violation
against a real estate licensee. In addition to fines, FREC can suspend or revoke a
license.
QUESTION 3:
Which of the following is considered a "single act" for the purpose of brokerage
relationships in Florida?
A) Showing one property to one buyer.
B) Selling a property and then leasing it back to the seller.
C) Providing a CMA (Comparative Market Analysis) without a written contract.
D) Answering a question about property taxes over the phone.
Correct Answer: A
Detailed Explanation: Under Florida law, a "single act" (e.g., showing one property)
constitutes brokerage activity requiring a license. However, a single act does not
automatically establish an agency relationship unless agreed upon in writing.
QUESTION 4:
In Florida, a buyer's broker who is working with a customer must present a written
brokerage disclosure to the seller's agent:
A) Before showing the property.
B) At the time of the first substantive contact.
C) Before the buyer signs a contract.
D) Only if the buyer asks for it.
, Correct Answer: C (Before the buyer signs a contract)
Detailed Explanation: The "Brokerage Relationship Disclosure Act" (Section
475.278, F.S.) requires that a disclosure regarding brokerage relationships be
provided to a buyer or seller before signing a contract for sale or lease. The
disclosure must be conspicuous and in writing.
QUESTION 5:
Which of the following is NOT grounds for disciplinary action against a Florida real
estate licensee?
A) Failing to account for escrow funds.
B) Conviction of a felony.
C) Co-mingling personal funds with escrow funds.
D) Refusing to accept a listing at a 3% commission.
Correct Answer: D
Detailed Explanation: Commissions are negotiable in Florida. A licensee is not
obligated to accept a listing or a specific commission rate. Refusing to accept a
listing is a business decision, not a violation of law.
QUESTION 6:
A sales associate deposits a $5,000 earnest money check into their personal
checking account. This is known as:
A) Escrow disbursement.
B) Conversion.
C) Commingling.
