Florida Real Estate Sales
Associate Practice Questions
And Correct Answers
(Verified Answers) Plus
Rationales 2026 Q&A |
Instant Download Pdf
1. Which entity regulates real estate licensing in Florida?
A. Florida Association of Realtors
B. Florida Department of Business and Professional
Regulation (DBPR)
C. Federal Housing Administration
D. Florida Legislature
Answer: B
The DBPR oversees real estate licensing and enforcement in
Florida.
2. A valid real estate license in Florida must be renewed
every:
A. 1 year
B. 2 years
C. 3 years
,D. 4 years
Answer: B
Florida licenses are renewed every two years.
3. Which contract must be in writing under the Statute of
Frauds?
A. Lease for 5 months
B. Listing agreement
C. Oral agreement for services
D. Open house agreement
Answer: B
Listing agreements must be in writing to be enforceable.
4. A sales associate must be employed by:
A. A mortgage company
B. A title company
C. A licensed broker
D. The state of Florida
Answer: C
Sales associates cannot operate independently.
5. Which deed provides the MOST protection to the buyer?
A. Quitclaim deed
B. Special warranty deed
C. General warranty deed
D. Bargain and sale deed
,Answer: C
General warranty deeds provide full covenants of title.
6. The purpose of escrow is to:
A. Earn interest for the broker
B. Hold funds safely for others
C. Pay property taxes
D. Transfer ownership
Answer: B
Escrow holds money/documents for third parties.
7. Which is NOT considered real property?
A. Land
B. Fixtures
C. Trade fixtures
D. Buildings
Answer: C
Trade fixtures belong to tenants, not real property.
8. A broker must deposit escrow funds within:
A. 24 hours
B. 48 hours
C. 3 business days
D. 7 business days
Answer: C
Florida requires deposit within 3 business days.
, 9. Which contract is unilateral?
A. Listing agreement
B. Purchase contract
C. Option contract
D. Lease agreement
Answer: C
Only the optionor is bound unless exercised.
10. The term “eminent domain” refers to:
A. Private property rights
B. Government taking property for public use
C. Lease agreements
D. Property taxes
Answer: B
Government can take private property with compensation.
11. Which valuation approach uses comparable sales?
A. Cost approach
B. Income approach
C. Sales comparison approach
D. Gross rent multiplier
Answer: C
Based on similar recent sales.
12. A property manager primarily acts as a:
Associate Practice Questions
And Correct Answers
(Verified Answers) Plus
Rationales 2026 Q&A |
Instant Download Pdf
1. Which entity regulates real estate licensing in Florida?
A. Florida Association of Realtors
B. Florida Department of Business and Professional
Regulation (DBPR)
C. Federal Housing Administration
D. Florida Legislature
Answer: B
The DBPR oversees real estate licensing and enforcement in
Florida.
2. A valid real estate license in Florida must be renewed
every:
A. 1 year
B. 2 years
C. 3 years
,D. 4 years
Answer: B
Florida licenses are renewed every two years.
3. Which contract must be in writing under the Statute of
Frauds?
A. Lease for 5 months
B. Listing agreement
C. Oral agreement for services
D. Open house agreement
Answer: B
Listing agreements must be in writing to be enforceable.
4. A sales associate must be employed by:
A. A mortgage company
B. A title company
C. A licensed broker
D. The state of Florida
Answer: C
Sales associates cannot operate independently.
5. Which deed provides the MOST protection to the buyer?
A. Quitclaim deed
B. Special warranty deed
C. General warranty deed
D. Bargain and sale deed
,Answer: C
General warranty deeds provide full covenants of title.
6. The purpose of escrow is to:
A. Earn interest for the broker
B. Hold funds safely for others
C. Pay property taxes
D. Transfer ownership
Answer: B
Escrow holds money/documents for third parties.
7. Which is NOT considered real property?
A. Land
B. Fixtures
C. Trade fixtures
D. Buildings
Answer: C
Trade fixtures belong to tenants, not real property.
8. A broker must deposit escrow funds within:
A. 24 hours
B. 48 hours
C. 3 business days
D. 7 business days
Answer: C
Florida requires deposit within 3 business days.
, 9. Which contract is unilateral?
A. Listing agreement
B. Purchase contract
C. Option contract
D. Lease agreement
Answer: C
Only the optionor is bound unless exercised.
10. The term “eminent domain” refers to:
A. Private property rights
B. Government taking property for public use
C. Lease agreements
D. Property taxes
Answer: B
Government can take private property with compensation.
11. Which valuation approach uses comparable sales?
A. Cost approach
B. Income approach
C. Sales comparison approach
D. Gross rent multiplier
Answer: C
Based on similar recent sales.
12. A property manager primarily acts as a:
