Florida
Department of Real Estate -
Salesperson
LATEST EXAM GUIDE
Q&S
© 2024/2025
,1. Which of the following best describes the bundle of legal rights
inherent in property ownership?
A) Right to use, right to sell, right to rent, right to destroy
B) Right to use, right to exclude, right to transfer, right to
encumber
C) Right to use, right to sell, right to claim, right to subdivide
D) Right to use, right to sell, right to rent, right to mortgage
Correct Answer: B
2. In Florida, which statute governs the activities of licensed real
estate salespersons and their fiduciary duties?
A) Florida Statute 475
B) Florida Statute 120
C) Florida Statute 215
D) Florida Statute 720
Correct Answer: A
3. What is the term used to describe an increase in land due to the
accumulation of soil, sand, or rock deposited by water?
A) Avulsion
© 2024/2025
, B) Accretion
C) Reliction
D) Erosion
Correct Answer: B
4. Which appraisal method would most likely be used for a unique
property with few comparables, such as a church?
A) Sales Comparison Approach
B) Cost Approach
C) Income Approach
D) Market Data Approach
Correct Answer: B
5. When a borrower takes out a mortgage loan, what type of lien is
typically placed on the property?
A) General lien
B) Specific lien
C) Voluntary lien
D) Involuntary lien
Correct Answer: B
© 2024/2025
Department of Real Estate -
Salesperson
LATEST EXAM GUIDE
Q&S
© 2024/2025
,1. Which of the following best describes the bundle of legal rights
inherent in property ownership?
A) Right to use, right to sell, right to rent, right to destroy
B) Right to use, right to exclude, right to transfer, right to
encumber
C) Right to use, right to sell, right to claim, right to subdivide
D) Right to use, right to sell, right to rent, right to mortgage
Correct Answer: B
2. In Florida, which statute governs the activities of licensed real
estate salespersons and their fiduciary duties?
A) Florida Statute 475
B) Florida Statute 120
C) Florida Statute 215
D) Florida Statute 720
Correct Answer: A
3. What is the term used to describe an increase in land due to the
accumulation of soil, sand, or rock deposited by water?
A) Avulsion
© 2024/2025
, B) Accretion
C) Reliction
D) Erosion
Correct Answer: B
4. Which appraisal method would most likely be used for a unique
property with few comparables, such as a church?
A) Sales Comparison Approach
B) Cost Approach
C) Income Approach
D) Market Data Approach
Correct Answer: B
5. When a borrower takes out a mortgage loan, what type of lien is
typically placed on the property?
A) General lien
B) Specific lien
C) Voluntary lien
D) Involuntary lien
Correct Answer: B
© 2024/2025
