Florida Real Estate Class Final Exam
(question and Well Detailed answers) ||
GRADED A+|| LATEST UPDATE 2026
A Business Broker -CORRECTANSWER Specializes in the sale, purchase or lease of
businesses. Is required to have a real estate license and may be licensed as a real
estate broker or sales associate
Follow-Up is -CORRECTANSWER Keeping in contact with the new owner after the
closing of the sale
A builder constructs a house on an owner's lot according to the owner's plans and
specifications. This is called -CORRECTANSWER Custom Building
A builder purchases several vacant lots in an established residential subdivision. The
builder constructs houses w/o having secured a buyer in advance of the construction of
each home and advertises them for sale to prospective buyers. This is which type of
residential construction? -CORRECTANSWER Spec Building
What is exempt from Real Estate licensure under Chapter 475? -CORRECTANSWER
1. Straight Salary .
2. A person who sells cemetery lots for a commission. 3. Court jurisdiction.
4. Renting of a mobil home lot in a mobil home park
,Other exemptions from licensure include -CORRECTANSWER 1. For Sale by Owner
2. Owner of a Timeshare period who offers the property for resale.
3. A leasing agent of an apt. complex if they are salaried, work in an onsite rental office
and work in a leasing capacity.
4. A manager of a condo and Co-op if employed for a salary and rent is for periods no
greater than 1 yr.
5. An Attorney-in-Fact (Power of Attorney)
6. An Attorney-at-Law when acting in the scope of his or her duties as an attorney. Not
receiving any compensation for a sale.
7. A decedent (personal representative) when appointed by the court.
8. A person selling entities licensed by the FCC (radio, TV or cable enterprises)
9. A person selling personal property.
A farmer is appointed by the court to appraise the farm land of a deceased neighbor.
The farmer will be paid a $3000 fee for the appraisal. Is he exempt from Chapter 475? -
CORRECTANSWER Yes because he was appointed by the courts.
A sales assoc employs an unlicensed assistant. The licensee prepares a fact sheet for
all of her listings. The sales assoc instructs her assistant to drive a prospective
purchaser by several listed properties. When questioned about a particular property, the
assistant reads information from the fact sheet. The prospect decides to buy after the
assistant showed her the interior of the last property. Have one or the other or both
,violated Chapter 475? -CORRECTANSWER Both violated the license law when the
assistant entered the property to show it.
Under FREC rules, a Fla resident is a person who has -CORRECTANSWER resided in
Fla for at least 4 mos within the preceding year.
Tom intends to make application to become a Fla real estate sales associate. He must
have a Social Security number, a high school diploma, be over 18, and be competent to
negotiate. What is not required? -CORRECTANSWER To be a US Citizen
Mary has a 4 year degree in real estate. Mary must still attend the pre-licensing course
and post-licensing education. What class is she exempt from? -CORRECTANSWER
Continuing Education
If a Florida licensee becomes a non-resident of Florida, he or she must -
CORRECTANSWER notify the BPR within 10 days and file an "irrevocable consent to
service" within 60 days
If a real estate licensee moves to Florida from another state and wants to obtain a Fla
Sales Assoc license based on Mutual Recognition, the licensee must -
CORRECTANSWER complete the 63-hour sales assoc pre-licensing course and pass
the Fla license exam.
, To obtain a broker's license, the applicant must have -CORRECTANSWER 1.
Satisfactorily completed the 72 hr broker course.
2. been an Active Sales Assoc for at least 24 months.
What information is required to be disclosed on an application for RE licensure? -
CORRECTANSWER 1. If you've ever been convicted of a crime.
2. Entered a plea of nolo contendere, regardless of adjudicaton.
3. Any violation of the law (except traffic violations, speeding tickets, etc)
What does NOT have to be disclosed on an application for RE licensure? -
CORRECTANSWER Personal Bankruptcy
If a developer owns 3 subdivisions in the names of 3 different entities. A sales assoc or
broker assoc may be employed by the owner-developer on a commission basis to sell
lots in the 3 subdivisions if the assoc is issued what type of license? -
CORRECTANSWER A Group License
To be a broker for several real estate brokerage companies, you must be issued what
type of license? -CORRECTANSWER Multiple Broker licenses (one for each company)
If a real estate licensee fails to renew her license at the end of the biennial renewal
period, what will happen to the license? -CORRECTANSWER It reverts to an
involuntary inactive status
(question and Well Detailed answers) ||
GRADED A+|| LATEST UPDATE 2026
A Business Broker -CORRECTANSWER Specializes in the sale, purchase or lease of
businesses. Is required to have a real estate license and may be licensed as a real
estate broker or sales associate
Follow-Up is -CORRECTANSWER Keeping in contact with the new owner after the
closing of the sale
A builder constructs a house on an owner's lot according to the owner's plans and
specifications. This is called -CORRECTANSWER Custom Building
A builder purchases several vacant lots in an established residential subdivision. The
builder constructs houses w/o having secured a buyer in advance of the construction of
each home and advertises them for sale to prospective buyers. This is which type of
residential construction? -CORRECTANSWER Spec Building
What is exempt from Real Estate licensure under Chapter 475? -CORRECTANSWER
1. Straight Salary .
2. A person who sells cemetery lots for a commission. 3. Court jurisdiction.
4. Renting of a mobil home lot in a mobil home park
,Other exemptions from licensure include -CORRECTANSWER 1. For Sale by Owner
2. Owner of a Timeshare period who offers the property for resale.
3. A leasing agent of an apt. complex if they are salaried, work in an onsite rental office
and work in a leasing capacity.
4. A manager of a condo and Co-op if employed for a salary and rent is for periods no
greater than 1 yr.
5. An Attorney-in-Fact (Power of Attorney)
6. An Attorney-at-Law when acting in the scope of his or her duties as an attorney. Not
receiving any compensation for a sale.
7. A decedent (personal representative) when appointed by the court.
8. A person selling entities licensed by the FCC (radio, TV or cable enterprises)
9. A person selling personal property.
A farmer is appointed by the court to appraise the farm land of a deceased neighbor.
The farmer will be paid a $3000 fee for the appraisal. Is he exempt from Chapter 475? -
CORRECTANSWER Yes because he was appointed by the courts.
A sales assoc employs an unlicensed assistant. The licensee prepares a fact sheet for
all of her listings. The sales assoc instructs her assistant to drive a prospective
purchaser by several listed properties. When questioned about a particular property, the
assistant reads information from the fact sheet. The prospect decides to buy after the
assistant showed her the interior of the last property. Have one or the other or both
,violated Chapter 475? -CORRECTANSWER Both violated the license law when the
assistant entered the property to show it.
Under FREC rules, a Fla resident is a person who has -CORRECTANSWER resided in
Fla for at least 4 mos within the preceding year.
Tom intends to make application to become a Fla real estate sales associate. He must
have a Social Security number, a high school diploma, be over 18, and be competent to
negotiate. What is not required? -CORRECTANSWER To be a US Citizen
Mary has a 4 year degree in real estate. Mary must still attend the pre-licensing course
and post-licensing education. What class is she exempt from? -CORRECTANSWER
Continuing Education
If a Florida licensee becomes a non-resident of Florida, he or she must -
CORRECTANSWER notify the BPR within 10 days and file an "irrevocable consent to
service" within 60 days
If a real estate licensee moves to Florida from another state and wants to obtain a Fla
Sales Assoc license based on Mutual Recognition, the licensee must -
CORRECTANSWER complete the 63-hour sales assoc pre-licensing course and pass
the Fla license exam.
, To obtain a broker's license, the applicant must have -CORRECTANSWER 1.
Satisfactorily completed the 72 hr broker course.
2. been an Active Sales Assoc for at least 24 months.
What information is required to be disclosed on an application for RE licensure? -
CORRECTANSWER 1. If you've ever been convicted of a crime.
2. Entered a plea of nolo contendere, regardless of adjudicaton.
3. Any violation of the law (except traffic violations, speeding tickets, etc)
What does NOT have to be disclosed on an application for RE licensure? -
CORRECTANSWER Personal Bankruptcy
If a developer owns 3 subdivisions in the names of 3 different entities. A sales assoc or
broker assoc may be employed by the owner-developer on a commission basis to sell
lots in the 3 subdivisions if the assoc is issued what type of license? -
CORRECTANSWER A Group License
To be a broker for several real estate brokerage companies, you must be issued what
type of license? -CORRECTANSWER Multiple Broker licenses (one for each company)
If a real estate licensee fails to renew her license at the end of the biennial renewal
period, what will happen to the license? -CORRECTANSWER It reverts to an
involuntary inactive status
