Florida Real Estate Sales
Associate Exam Study Guide –
Practice Questions with
Verified Answers. GRADED A+.
Latest 2026/2027 Update.
1. What is the primary purpose of the Florida Real Estate Commission (FREC)?
A) To promote real estate sales
B) To regulate real estate licensees and protect the public
C) To set property tax rates
D) To issue building permits - Answer✔✔- B
2. A property owner hires a broker to sell their home and agrees to pay a
commission regardless of who sells it. This is an example of:
A) Open listing
B) Exclusive agency listing
C) Exclusive right of sale listing
D) Net listing - Answer✔✔- C
3. How many members serve on the Florida Real Estate Commission?
,A) 5
B) 7
C) 9
D) 11 - Answer✔✔- B
4. A sales associate changes employers. How long do they have to notify the
DBPR?
A) 5 days
B) 10 days
C) 15 days
D) 30 days - Answer✔✔- B
5. What is the maximum interest rate allowed on a usurious loan in Florida?
A) 12%
B) 15%
C) 18%
D) 25% - Answer✔✔- C
6. A property sells for $250,000. If the documentary stamp tax on the deed is
$0.70 per $100, what is the tax amount?
A) $1,750
B) $1,500
C) $1,250
D) $1,000 - Answer✔✔- A
, 7. Which of the following is an example of a freehold estate?
A) Leasehold
B) Fee simple absolute
C) Tenancy at will
D) Tenancy at sufferance - Answer✔✔- B
8. Under Florida law, a broker must deposit an earnest money check by the end
of:
A) The next business day
B) 3 business days
C) 5 business days
D) 7 business days - Answer✔✔- B
9. What type of lease requires the tenant to pay rent plus property taxes and
insurance?
A) Gross lease
B) Net lease
C) Percentage lease
D) Variable lease - Answer✔✔- B
10. A sales associate working for two brokers simultaneously is:
A) Legal with a group license
B) Legal if both brokers agree
C) A violation of Florida Statute 475
D) Allowed if part-time - Answer✔✔- C
Associate Exam Study Guide –
Practice Questions with
Verified Answers. GRADED A+.
Latest 2026/2027 Update.
1. What is the primary purpose of the Florida Real Estate Commission (FREC)?
A) To promote real estate sales
B) To regulate real estate licensees and protect the public
C) To set property tax rates
D) To issue building permits - Answer✔✔- B
2. A property owner hires a broker to sell their home and agrees to pay a
commission regardless of who sells it. This is an example of:
A) Open listing
B) Exclusive agency listing
C) Exclusive right of sale listing
D) Net listing - Answer✔✔- C
3. How many members serve on the Florida Real Estate Commission?
,A) 5
B) 7
C) 9
D) 11 - Answer✔✔- B
4. A sales associate changes employers. How long do they have to notify the
DBPR?
A) 5 days
B) 10 days
C) 15 days
D) 30 days - Answer✔✔- B
5. What is the maximum interest rate allowed on a usurious loan in Florida?
A) 12%
B) 15%
C) 18%
D) 25% - Answer✔✔- C
6. A property sells for $250,000. If the documentary stamp tax on the deed is
$0.70 per $100, what is the tax amount?
A) $1,750
B) $1,500
C) $1,250
D) $1,000 - Answer✔✔- A
, 7. Which of the following is an example of a freehold estate?
A) Leasehold
B) Fee simple absolute
C) Tenancy at will
D) Tenancy at sufferance - Answer✔✔- B
8. Under Florida law, a broker must deposit an earnest money check by the end
of:
A) The next business day
B) 3 business days
C) 5 business days
D) 7 business days - Answer✔✔- B
9. What type of lease requires the tenant to pay rent plus property taxes and
insurance?
A) Gross lease
B) Net lease
C) Percentage lease
D) Variable lease - Answer✔✔- B
10. A sales associate working for two brokers simultaneously is:
A) Legal with a group license
B) Legal if both brokers agree
C) A violation of Florida Statute 475
D) Allowed if part-time - Answer✔✔- C
