FLORIDA REAL ESTATE EXAM ACTUAL QUESTIONS
& CERTIFIED ANSWERS
"A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - CORRECT ANSWER C. the time and difficulty of the
appraisal"
"A developer contracts to build a home on a buyer's lot to the buyer's specifications. This is
an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision - CORRECT ANSWER b. custom"
"A Florida Real Estate lisence is required when anyone performs a service is specified under
F.S. 475 when all the following conditions are simultaneously present, unless that individual
is otherwise exempt under the law: - CORRECT ANSWER 1. Preforming a service of real
estate
2. In the state of Florida
3. For another
4. For compensation"
"How many hours of postlicense education are required to renew a brokers license? -
CORRECT ANSWER 60 hours"
"How long can an voluntary inactive licencee remain in that lisence status? - CORRECT
ANSWER indefinately"
"The agreement the state of Florida has w/ some other states that recognises the similarity
in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing - CORRECT ANSWER b. mutual recognition"
1
,"Members of the Florida Real estate Commission may serve no more than _____ consecutive
terms - CORRECT ANSWER 2"
"A licensee that fails to renew when required to do so will have his or her license placed on
_______ ________ - CORRECT ANSWER involuntary Inactive"
"The Florida Real Estate Commission held a meeting for the purpose of passing a new rule.
This is an exercise of which Commission power?
a. executive
b. quasi-legislative
c. quasi-judicial
d. ministerial - CORRECT ANSWER b. quasi-legislative"
"When is a request for the renewal of a license effective?
a. when recieved by the department
b. the day following the experation
c. on the date the application is mailed
d. on the date indicated on the license - CORRECT ANSWER a. when recieved by the
department"
"A real estate license expires
a. on the date shown on the license
b. every 2 years
c. on the effective date
d. at the end of 1 year - CORRECT ANSWER a. on the date shown on the license"
"A sales associate is a _________ of the brokers's principal. - CORRECT ANSWER SubAgent"
"Before showing a property, allowing a buyer to sign an offer to buy or seller to sign a leasing
agreement, a licensee must provide the party with a written ________ _________ _______ notice. -
CORRECT ANSWER Broker Relationship Form"
"A member of the public may select from one of 3 options when working with a broker, which
are? - CORRECT ANSWER 1. Transaction broker
2. Single Agency
2
, 3. No Brokerage relationship"
"A Broker
a. can refuse offers on behalf of the principal
b. can buy the listed property w/o consent of the principal
c. must follow all legal instructions of the principal or withdrawl
d. must ignore the instructions of a principal when the instructions are not in the best
interests of the principal. - CORRECT ANSWER c. must follow all legal instructions of the
principal or withdrawl"
"Sales associates can be stockholders in a brokerage corporation but may not be _________ or
_________? - CORRECT ANSWER officers
or
directors"
"A real estate brokerage corporation must have at least ____ active broker serving as an ______.
- CORRECT ANSWER One
Officer"
"An Ostensible partnership
a. is required to file documents w/ the Secretary of State
b. is not a true partnership
c. cannot be created by real estate brokers
d. will not be treated as though the partisipants were partners - CORRECT ANSWER b. is
not a true partnership"
"A location would be required to register as a brokerage branch office if
a. tables and chairs are provided for sales associates and customers
b. the location is used as a shelter
c. literature is handed out containing the broker's office address
d. sales associates are permenently assigned to the location - CORRECT ANSWER d. sales
associates are permenently assigned to the location"
3
& CERTIFIED ANSWERS
"A Real Estate appraiser's fee for professional service is based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales - CORRECT ANSWER C. the time and difficulty of the
appraisal"
"A developer contracts to build a home on a buyer's lot to the buyer's specifications. This is
an example of which type of building:
a. tract
b. custom
c. speculative
d. subdivision - CORRECT ANSWER b. custom"
"A Florida Real Estate lisence is required when anyone performs a service is specified under
F.S. 475 when all the following conditions are simultaneously present, unless that individual
is otherwise exempt under the law: - CORRECT ANSWER 1. Preforming a service of real
estate
2. In the state of Florida
3. For another
4. For compensation"
"How many hours of postlicense education are required to renew a brokers license? -
CORRECT ANSWER 60 hours"
"How long can an voluntary inactive licencee remain in that lisence status? - CORRECT
ANSWER indefinately"
"The agreement the state of Florida has w/ some other states that recognises the similarity
in education and experience required of licencees is called:
a.reciprocity
b. mutual recognition
c. cooperative licensure
d. intrastate licensing - CORRECT ANSWER b. mutual recognition"
1
,"Members of the Florida Real estate Commission may serve no more than _____ consecutive
terms - CORRECT ANSWER 2"
"A licensee that fails to renew when required to do so will have his or her license placed on
_______ ________ - CORRECT ANSWER involuntary Inactive"
"The Florida Real Estate Commission held a meeting for the purpose of passing a new rule.
This is an exercise of which Commission power?
a. executive
b. quasi-legislative
c. quasi-judicial
d. ministerial - CORRECT ANSWER b. quasi-legislative"
"When is a request for the renewal of a license effective?
a. when recieved by the department
b. the day following the experation
c. on the date the application is mailed
d. on the date indicated on the license - CORRECT ANSWER a. when recieved by the
department"
"A real estate license expires
a. on the date shown on the license
b. every 2 years
c. on the effective date
d. at the end of 1 year - CORRECT ANSWER a. on the date shown on the license"
"A sales associate is a _________ of the brokers's principal. - CORRECT ANSWER SubAgent"
"Before showing a property, allowing a buyer to sign an offer to buy or seller to sign a leasing
agreement, a licensee must provide the party with a written ________ _________ _______ notice. -
CORRECT ANSWER Broker Relationship Form"
"A member of the public may select from one of 3 options when working with a broker, which
are? - CORRECT ANSWER 1. Transaction broker
2. Single Agency
2
, 3. No Brokerage relationship"
"A Broker
a. can refuse offers on behalf of the principal
b. can buy the listed property w/o consent of the principal
c. must follow all legal instructions of the principal or withdrawl
d. must ignore the instructions of a principal when the instructions are not in the best
interests of the principal. - CORRECT ANSWER c. must follow all legal instructions of the
principal or withdrawl"
"Sales associates can be stockholders in a brokerage corporation but may not be _________ or
_________? - CORRECT ANSWER officers
or
directors"
"A real estate brokerage corporation must have at least ____ active broker serving as an ______.
- CORRECT ANSWER One
Officer"
"An Ostensible partnership
a. is required to file documents w/ the Secretary of State
b. is not a true partnership
c. cannot be created by real estate brokers
d. will not be treated as though the partisipants were partners - CORRECT ANSWER b. is
not a true partnership"
"A location would be required to register as a brokerage branch office if
a. tables and chairs are provided for sales associates and customers
b. the location is used as a shelter
c. literature is handed out containing the broker's office address
d. sales associates are permenently assigned to the location - CORRECT ANSWER d. sales
associates are permenently assigned to the location"
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