Florida Real Estate Broker Exam Questions with Correct Answers 2025

Florida Real Estate Broker Exam Questions
with Correct Answers 2025
BrokerageQFeeQonQclosingQdisclosureQ-QCORRECTQANSWERQ-debitQsellerQonly;QpageQ2



AccruedQdepreciationQusingQtheQage-lifeQmethodQ-QCORRECTQANSWERQ-
NeverQdepreciateQaQland,QSalesQPrice,QAppraisal,QSurvey,QTitleQInsurance,QTangibleQTax,QStampQTax,Q=QAdd
Qthose,QDon'tQaddQanyQLandQValue.QOnlyQBuilding.QMultiplyQsayQ80%QbuildingQ(20%QLand)QResidentialQInc

omeQproducingQpropertyQ27.5QyearsQlifeQforQinvestmentQproperty,QNonQresidentialQ39Qyears,QsoQdivideQby
Qyears,Q=QAnswers




capitalQgainsQtaxesQonQthisQsaleQ-QCORRECTQANSWERQ-$0



AQlicensedQFloridaQsalesQassociateQwhoQwantsQtoQapplyQforQaQbroker'sQlicenseQmustQ-
QCORRECTQANSWERQ-discloseQtheQapplicant'sQSocialQSecurityQnumberQonQtheQlicenseQapplication.




statusQofQtheQtenant'sQleaseQ-QCORRECTQANSWERQ-TheQbankQmayQterminateQtheQtenant'sQlease.



formulaQtoQcalculateQtheQequityQdividendQrateQ-QCORRECTQANSWERQ-Before-
taxQcashQflowQdividedQbyQtheQowner'sQequity



AQprospectiveQbuyerQcameQintoQtheQlistingQcompany'sQrealQestateQofficeQonQMondayQmorningQandQleftQwi
thQtheQreceptionistQaQwrittenQofferQaccompaniedQbyQanQearnestQmoneyQcheckQtoQpurchaseQaQvacantQlot.Q
WhichQstatementQisQTRUEQregardingQthisQsituation?Q-QCORRECTQANSWERQ-
TheQbrokerQmustQdepositQtheQescrowQcheckQintoQtheQescrowQaccountQnoQlaterQthanQtheQendQofQbusinessQ
onQThursdayQofQtheQsameQweek.



TheQmaximumQlong-
termQcapitalQgainsQonQpropertyQsoldQbyQaQtaxpayerQinQtheQ25%QbracketQwhoQearnsQlessQthanQ$400,000QinQ
ordinaryQincomeQisQ-QCORRECTQANSWERQ-15%.



IfQaQbrokerQknowsQthatQthereQisQaQstructuralQdefectQthatQaffectsQtheQvalueQofQresidentialQproperty,QtheQbr
okerQisQobligatedQtoQdiscloseQthisQinformationQtoQtheQbuyerQ-QCORRECTQANSWERQ-
regardlessQofQtheQtypeQofQbrokerageQrelationshipQthatQexistsQwithQtheQbuyerQandQtheQseller.

,IfQtheQclosingQisQonQJulyQ6,QtheQprepaidQinterestQonQaQnewQinstitutionalQmortgageQcoversQaQperiodQofQhow
QmanyQdaysQandQisQchargedQtoQwhom?Q-QCORRECTQANSWERQ-26Qdays;Qbuyer




WhichQstatementQdescribesQtheQprincipleQofQsubstitutionQasQitQappliesQtoQtheQcost-
depreciationQapproach?Q-QCORRECTQANSWERQ-
TheQtheoryQisQthatQaQknowledgeableQpurchaserQwouldQpayQnoQmoreQforQaQpropertyQthanQtheQcostQofQacq
uiringQanQequallyQdesirableQsite,QcombinedQwithQbuildingQanQacceptableQsubstituteQstructure.



WhichQelementQofQcomparisonQisQadjustedQtoQderiveQaQnormalQsaleQpriceQusingQtheQsalesQcomparisonQap
proach?Q-QCORRECTQANSWERQ-ConditionsQofQsale



WhatQmortgageQrightQallowsQaQborrowerQtoQpreventQaQforeclosureQbyQpayingQtheQentireQbalanceQdueQtoQt
heQlender?Q-QCORRECTQANSWERQ-EquityQofQredemption



WhichQstatementQisQTRUEQconcerningQradon?Q-QCORRECTQANSWERQ-
RadonQtestsQconductedQinQhomesQwithinQaQsingleQneighborhoodQprovideQreliableQestimatesQofQwhetherQr
adonQisQaQpotentialQhazardQinQneighboringQproperties.



adjustedQbankQbalanceQ-QCORRECTQANSWERQ-formula



IfQaQlicenseeQintendsQtoQgiveQlimitedQrepresentationQtoQaQhomeseller,QwhichQbrokerageQrelationshipQdiscl
osure(s)QisQ(are)Qrequired?Q-QCORRECTQANSWERQ-NoQdisclosuresQrequired



JackQandQJillQformQaQgeneralQpartnershipQrealQestateQbrokerageQentity.QJillQhasQanQactiveQbrokerQlicense,Qb
utQJackQdoesQnot.QJillQisQkilledQinQaQcarQaccident.QWhichQstatementQisQTRUEQregardingQthisQsituation?Q-
QCORRECTQANSWERQ-

AQnewQactiveQbrokerQmustQfillQtheQvacancyQwithinQ14QcalendarQdaysQandQregisterQwithQtheQDBPR.



WhatQremedyQwouldQBESTQcompensateQtheQowner?Q-QCORRECTQANSWERQ-
SuitQforQcompensatoryQdamages



HowQisQtheQpurchaseQpriceQshown?Q-QCORRECTQANSWERQ-creditQseller,QdebitQbuyer;QpageQ3

, AnQexecutedQcontractQforQsaleQandQpurchaseQfailsQtoQclose.QWhatQisQtheQrequirementQregardingQretention
QofQtheQbrokerageQrelationshipQdocumentsQassociatedQwithQtheQtransaction?Q-QCORRECTQANSWERQ-

TheQbrokerQmustQretainQtheQfileQwithQtheQbrokerageQrelationshipQdocumentsQforQfiveQyears.



WhatQtypeQofQmortgageQencumbersQmoreQthanQoneQparcelQofQproperty?Q-QCORRECTQANSWERQ-Blanket



JackQandQJillQformQaQlimitedQpartnershipQtoQbrokerQrealQestate.QTheyQareQNOTQrequiredQtoQ-
QCORRECTQANSWERQ-registerQallQlimitedQpartnersQwithQtheQDBPR.




WhichQstatementQappliesQtoQnoticesQofQnoncompliance?Q-QCORRECTQANSWERQ-
TheQDepartmentQofQBusinessQandQProfessionalQRegulationQ(DBPR)QmayQissueQaQnoticeQofQnoncomplianceQ
asQaQfirstQresponseQtoQaQminorQviolation.



WhichQstatementQregardingQcorporationsQisQFALSE?Q-QCORRECTQANSWERQ-
FloridaQRealQEstateQCommissionQ(FREC)QrulesQprohibitQaQnot-for-
profitQcorporationQfromQregisteringQasQaQrealQestateQbrokerageQentity.



AQbrokerQisQaQbuyerQagentQforQaQbuyer.QTheQbuyerQhasQhiredQtheQbrokerQtoQconductQanQappraisalQonQtheQ
propertyQheQisQpurchasingQforQtheQpurposeQofQsecuringQaQmortgageQfromQaQlocalQcreditQunion.QWhichQsta
tementQisQTRUEQregardingQthisQsituation?Q-QCORRECTQANSWERQ-
BecauseQthisQisQaQfederallyQrelatedQtransaction,QtheQappraisalQmustQbeQconductedQbyQaQstate-
certifiedQorQstate-licensedQappraiser.



AnQadministrativeQcomplaintQwasQfiledQagainstQaQbroker.QTheQprobable-
causeQpanelQfoundQreasonableQgroundsQforQprosecution.QTheQbrokerQhasQreceivedQaQformalQcomplaint.QH
eQdisagreesQwithQtheQviolationsQallegedQinQtheQformalQcomplaint.QTheQbrokerQ-QCORRECTQANSWERQ-
isQentitledQtoQhaveQtheQcaseQheardQbyQanQadministrativeQlawQjudgeQinQaQformalQhearing.



WhichQstatementQBESTQdescribesQtheQpurposeQofQaQPhaseQIQenvironmentalQassessment?Q-
QCORRECTQANSWERQ-

AQdetailedQstudyQtoQdiscoverQpotentialQcontaminationQorQnoncomplianceQwithQenvironmentalQlaws



WhichQtypeQofQrealQpropertyQdoesQNOTQallowQtheQownerQtoQdeductQdepreciationQforQfederalQtaxQpurpose
s?Q-QCORRECTQANSWERQ-AQhomebuilder'sQinventoryQofQunsoldQhomes