EXAM UPDATED EXAM REVIEW 2026
QUESTIONS AND CORRECT SOLUTIONS
GRADED A+
⩥ florida statues require that a licensee report to the commission within
30 days after being convicted, found guilty, or entering no contest or
guilty to a crime. the penalty resulting from a first violation of this law is
likely to include all of the following disciplinary actions except which
one? Answer: first violation- 250-1000 and license suspension to
revocation
second violation- a fine ranging from 1000 to 5000 and license
suspension to revocation
-full disciplinary hearing and penalties
ANSWER: PROBATION
⩥ florida real estate law requires that all of the following changes be
reported to the dbpr, except which one Answer: change of specialty are
from residential sales to property management
,⩥ F.S 455 defines current mailing address as the current residential
address, which is used by a licensee to receive mail through US Postal
Service. a licensee is required to notofy the department in writing of
their current mailing address and any change in the current mailing
address within how many days after the change? Answer: 10 days
⩥ a licensee advertises false, inaccurate, misleading, or exaggerated
information. in addition to being issued a citation, how much would they
likely be fined? Answer: $500
⩥ a licensee attempts to negotiate a rental for a fee paid by the tenant. if
the tenant applicant does not like any of the rental properties available,
what are they entitled to request within 30 days of the contract date?
Answer: may request 75% refund of fee paid
⩥ sales associate, chris, receives a deposit check from a buyer during the
business day on monday. what must chris do Answer: no later than the
next business day. failure can result in a full disciplinary hearing and
additional penalties.
⩥ whenever a licensee negotiates a contract for the resale of a timeshare
resale unit, the contract must contain specific language ? Answer: -
common area expenses
-ad valorem taxes
-other ownership charges
, ⩥ who may directly compensate a sales associate for performing a
service of real estate Answer: sales assoc employing broker
⩥ which relationship is allowed under florida real estate laws and rule
Answer: sales assoc represents a buyer or seller. but not both in a single
agency relationship
⩥ a licensee is required to provide written disclosure, which specifies
the nature of the relationship they have with a member of the public.
which relationship does not require such disclosure? Answer: no broker
relationship
⩥ what are the unique duties of a licensee in a single agent relationship
Answer: confidentiality, obedience, loyalty, and full disclosure are
fiduciary duties that are unique to a single agency relationship and are
not required for transaction broker or no brokerage relationship.
⩥ which statement correctly describes the role of the sale assoc Answer:
sales assoc is an agent of the employing broker and acts on behalf of the
broker. the broker is employed by and represents the principal
⩥ the type of brokerage relationship between a customer and a licensee
determines the duties of the licensee to that customer. however all
licensees in any brokerage relationship are required to perform the
following duties except for which one