1
FLORIDA REAL ESTATE EXAM APPLICANTS 100
QUESTION PRACTICE EXAM SPECIFIC TO
REAL 2025/26 EXAM.
We recommend that you print this 100-question practice exam. Take the exam,
then grade it using the answer key on the last page. You should strive for a
minimum score of 80% correct.
License Law Section
1. Seller employed Broker to sell his property in Astoria Park. Broker
subsequently negotiated a contract whereby Seller and Buyer agreed to
sell and buy the property in Astoria Park. The contract was prepared and
typed in Broker's office. As there were numerous conditions and terms
that had been agreed upon by Seller and Buyer, the contract was quite
long and involved. Since the amount of deposit obtained by Broker from
Buyer was equal to what his commission was going to be, in the middle of
one of the long paragraphs was the phrase "In the event the buyer
defaults, the deposit shall be retained by the broker as his compensation."
At the time Broker presented the contract to Seller and Buyer for their
signatures, he made no mention of the phrase he inserted in the contract,
nor did he recommend that they read the contract. However, he did not in
any way try to influence them not to read it. Seller and Buyer signed the
contract without reading it. In the area, a 50/50 split of defaulted deposits
is customary between sellers and brokers. Buyer subsequently defaulted.
Seller asked Broker for 50% of the deposit. Broker refused and showed
Seller the phrase he had inserted in the contract. What should Broker do?
a. Share the deposit 50/50 with Buyer.
b. Give Seller 50% of the deposit.
c. Give Seller an amount equal to his expenses and keep the rest.
d. Observe the terms of the contract and keep the deposit.
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2. Possession of a current and valid license will be considered by a court
a. to have no effect.
b. as undeniable proof that the holder of that license may
perform the services of real estate.
c. as sufficient evidence to prove the license status unless stronger
evidence to the contrary is introduced.
d. as certification by the Commission that the license is in good standing.
3. A salesperson gets a signed contract from a buyer and mails it to the seller.
The seller has agreed to the terms and the escrow deposit is safely in the
broker's escrow account. The salesperson has a disagreement with his
broker and quits. The broker refuses to pay a commission because the
salesperson was not in his employ when the contract was actually
received and signed. The salesperson should
a. notify the state.
b. sue the seller for his share.
c. sue the broker.
d. forget it. He is not entitled to the commission.
4. A licensee who has passed the broker's state examination, but desires
to continue to operate under an owner-employer will be registered as
a
a. broker.
b. salesperson.
c. broker-salesperson.
d. Realtor-Associate.
5. A hardware store owner, who is neither a real estate licensee nor a
licensed or certified appraiser, was appointed by the court to appraise
another hardware store. The person can
a. be compensated for the appraisal.
b. not be compensated for the appraisal unless licensed or certified.
c. apply for a temporary license from the Commission.
d. appraise any hardware store in the state without a license.
6. In order to be a licensee member of the Florida Real Estate Commission,
an individual must have been licensed a minimum of
a. 1 year.
b. 2 years.
c. 4 years.
d. 5 years.
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7. Broker Bill has a listing contract to sell Janet's condominium. A prospective
buyer offers to pay $60,000, but refuses to give a binder deposit with the
contract. Broker Bill should
a. refuse to submit the offer until accompanied by valuable consideration.
b. present the offer and suggest that the owner counteroffer for a binder.
c. present the offer only if the buyer promises to pay a binder if accepted.
d. present the offer only if it is close to the asking price.
8. A buyer gives a salesperson a binder check made out to him. The salesperson
should
a. hold the check in the file until the broker returns and turn it over to him.
b. endorse the check and deposit it in the broker's business account.
c. endorse the check and give it to the broker within one business day.
d. put the check in his personal account, then write his personal check to the
broker.
9. The F.R.E.C. is composed of
a. four brokers and three lay members.
b. five brokers and two lay members.
c. three brokers, two brokers or salespersons, and two lay members.
d. seven members.
10. Licensure may be suspended for what maximum period of time?
a. 1 year
b. 2 years
c. 5 years
d. 10 years
11. Broker Larry, Broker Linda, and Broker Susan form a partnership to buy a
tract of land and develop and sell the land. Salesperson Lee joins the
partnership and profits will be split equally among the four. Profits for
the first year amount to $80,000. Which is correct?
a. Profits may be divided three ways only. Salesperson Lee cannot be a
partner.
b. Profits may be divided four ways.
c. Salesperson Lee may be a partner only if he has broker status.
d. a and c
12. Which is not correct?
a. A licensee may be paid a commission only by his employer.
b. A licensee may not work for more than one employer.
c. A real estate licensee may not appraise a single family residence
unless she has been licensed as a state licensed or certified
appraiser.
FLORIDA REAL ESTATE EXAM APPLICANTS 100
QUESTION PRACTICE EXAM SPECIFIC TO
REAL 2025/26 EXAM.
We recommend that you print this 100-question practice exam. Take the exam,
then grade it using the answer key on the last page. You should strive for a
minimum score of 80% correct.
License Law Section
1. Seller employed Broker to sell his property in Astoria Park. Broker
subsequently negotiated a contract whereby Seller and Buyer agreed to
sell and buy the property in Astoria Park. The contract was prepared and
typed in Broker's office. As there were numerous conditions and terms
that had been agreed upon by Seller and Buyer, the contract was quite
long and involved. Since the amount of deposit obtained by Broker from
Buyer was equal to what his commission was going to be, in the middle of
one of the long paragraphs was the phrase "In the event the buyer
defaults, the deposit shall be retained by the broker as his compensation."
At the time Broker presented the contract to Seller and Buyer for their
signatures, he made no mention of the phrase he inserted in the contract,
nor did he recommend that they read the contract. However, he did not in
any way try to influence them not to read it. Seller and Buyer signed the
contract without reading it. In the area, a 50/50 split of defaulted deposits
is customary between sellers and brokers. Buyer subsequently defaulted.
Seller asked Broker for 50% of the deposit. Broker refused and showed
Seller the phrase he had inserted in the contract. What should Broker do?
a. Share the deposit 50/50 with Buyer.
b. Give Seller 50% of the deposit.
c. Give Seller an amount equal to his expenses and keep the rest.
d. Observe the terms of the contract and keep the deposit.
,2
2. Possession of a current and valid license will be considered by a court
a. to have no effect.
b. as undeniable proof that the holder of that license may
perform the services of real estate.
c. as sufficient evidence to prove the license status unless stronger
evidence to the contrary is introduced.
d. as certification by the Commission that the license is in good standing.
3. A salesperson gets a signed contract from a buyer and mails it to the seller.
The seller has agreed to the terms and the escrow deposit is safely in the
broker's escrow account. The salesperson has a disagreement with his
broker and quits. The broker refuses to pay a commission because the
salesperson was not in his employ when the contract was actually
received and signed. The salesperson should
a. notify the state.
b. sue the seller for his share.
c. sue the broker.
d. forget it. He is not entitled to the commission.
4. A licensee who has passed the broker's state examination, but desires
to continue to operate under an owner-employer will be registered as
a
a. broker.
b. salesperson.
c. broker-salesperson.
d. Realtor-Associate.
5. A hardware store owner, who is neither a real estate licensee nor a
licensed or certified appraiser, was appointed by the court to appraise
another hardware store. The person can
a. be compensated for the appraisal.
b. not be compensated for the appraisal unless licensed or certified.
c. apply for a temporary license from the Commission.
d. appraise any hardware store in the state without a license.
6. In order to be a licensee member of the Florida Real Estate Commission,
an individual must have been licensed a minimum of
a. 1 year.
b. 2 years.
c. 4 years.
d. 5 years.
, 3
7. Broker Bill has a listing contract to sell Janet's condominium. A prospective
buyer offers to pay $60,000, but refuses to give a binder deposit with the
contract. Broker Bill should
a. refuse to submit the offer until accompanied by valuable consideration.
b. present the offer and suggest that the owner counteroffer for a binder.
c. present the offer only if the buyer promises to pay a binder if accepted.
d. present the offer only if it is close to the asking price.
8. A buyer gives a salesperson a binder check made out to him. The salesperson
should
a. hold the check in the file until the broker returns and turn it over to him.
b. endorse the check and deposit it in the broker's business account.
c. endorse the check and give it to the broker within one business day.
d. put the check in his personal account, then write his personal check to the
broker.
9. The F.R.E.C. is composed of
a. four brokers and three lay members.
b. five brokers and two lay members.
c. three brokers, two brokers or salespersons, and two lay members.
d. seven members.
10. Licensure may be suspended for what maximum period of time?
a. 1 year
b. 2 years
c. 5 years
d. 10 years
11. Broker Larry, Broker Linda, and Broker Susan form a partnership to buy a
tract of land and develop and sell the land. Salesperson Lee joins the
partnership and profits will be split equally among the four. Profits for
the first year amount to $80,000. Which is correct?
a. Profits may be divided three ways only. Salesperson Lee cannot be a
partner.
b. Profits may be divided four ways.
c. Salesperson Lee may be a partner only if he has broker status.
d. a and c
12. Which is not correct?
a. A licensee may be paid a commission only by his employer.
b. A licensee may not work for more than one employer.
c. A real estate licensee may not appraise a single family residence
unless she has been licensed as a state licensed or certified
appraiser.
