FLORIDA REAL ESTATE LICENSE EXAM | QUESTIONS AND
ANSWERS | VERIFIED ANSWERS PLUS RATIONALES | EXAM
ALREADY GRADED A+ | LATEST EXAM UPDATE
1. Which entity regulates real estate licenses in Florida?
A. Florida Bar Association
B. Florida Real Estate Commission
C. Department of Business Ethics
D. National Association of Realtors
Answer: B. Florida Real Estate Commission
Rationale: The Florida Real Estate Commission (FREC) regulates and enforces real estate
licensing laws under Chapter 475, Florida Statutes.
2. To qualify for a Florida sales associate license, an applicant must be at least:
A. 16 years old
B. 18 years old
C. 19 years old
D. 21 years old
Answer: B. 18 years old
Rationale: Florida law requires applicants for a sales associate license to be at least 18 years
old.
3. A broker applicant must have how much experience as a licensed sales associate?
A. 6 months
B. 1 year
C. 2 years
D. 4 years
Answer: C. 2 years
Rationale: A broker applicant must have at least 24 months of active experience during the
preceding 5 years.
4. The term “fiduciary duty” includes all of the following EXCEPT:
A. Loyalty
B. Obedience
C. Confidentiality
D. Profit maximization
Answer: D. Profit maximization
Rationale: Fiduciary duties include loyalty, obedience, confidentiality, accounting, and full
disclosure—not profit maximization.
,5. A valid Florida real estate license must be renewed every:
A. Year
B. Two years
C. Three years
D. Four years
Answer: B. Two years
Rationale: Florida real estate licenses operate on a two-year renewal cycle.
6. Which type of listing gives the broker the greatest protection?
A. Open listing
B. Net listing
C. Exclusive right of sale
D. Multiple listing
Answer: C. Exclusive right of sale
Rationale: This listing guarantees the broker a commission regardless of who finds the buyer.
7. A homestead exemption in Florida primarily reduces:
A. Sales tax
B. Federal tax
C. Property tax
D. Income tax
Answer: C. Property tax
Rationale: Florida’s homestead exemption reduces the taxable value of a primary residence.
8. The statute of frauds requires which contracts to be in writing?
A. Oral leases under one year
B. Agreements for the sale of real property
C. Brokerage employment contracts under 30 days
D. Verbal buyer representation agreements
Answer: B. Agreements for the sale of real property
Rationale: Contracts for the sale of real property must be in writing to be enforceable.
9. Which type of deed provides the greatest protection to the buyer?
A. Quitclaim deed
B. Special warranty deed
C. General warranty deed
D. Tax deed
Answer: C. General warranty deed
Rationale: A general warranty deed guarantees clear title against all claims.
,10. Earnest money is typically held by:
A. The buyer
B. The seller
C. The broker
D. The county clerk
Answer: C. The broker
Rationale: The broker usually holds earnest money in an escrow account.
11. The Florida Residential Landlord and Tenant Act applies primarily to:
A. Commercial leases
B. Agricultural land
C. Residential rental properties
D. Government housing only
Answer: C. Residential rental properties
Rationale: The Act governs rights and duties of landlords and tenants in residential leases.
12. A metes and bounds legal description is MOST commonly used for:
A. Subdivision lots
B. Government lots
C. Irregular parcels
D. Condominium units
Answer: C. Irregular parcels
Rationale: Metes and bounds describes property using distances and directions, typically for
irregular parcels.
13. An easement appurtenant benefits:
A. A specific person
B. The dominant estate
C. The servient estate
D. The government only
Answer: B. The dominant estate
Rationale: An easement appurtenant benefits the land (dominant estate), not a specific
individual.
14. Which approach to value is MOST relevant for single-family homes?
A. Cost approach
B. Income approach
C. Sales comparison approach
D. Gross rent multiplier
Answer: C. Sales comparison approach
Rationale: This approach compares similar recently sold properties.
, 15. A real estate contract must include all of the following EXCEPT:
A. Offer and acceptance
B. Consideration
C. Legal purpose
D. Notarization
Answer: D. Notarization
Rationale: Notarization is not required for a contract to be valid, though deeds require
notarization.
16. Which loan type is insured by the federal government?
A. Conventional loan
B. FHA loan
C. Portfolio loan
D. Hard money loan
Answer: B. FHA loan
Rationale: FHA loans are insured by the Federal Housing Administration.
17. The primary purpose of zoning laws is to:
A. Increase property taxes
B. Control land use
C. Raise home values
D. Eliminate property lines
Answer: B. Control land use
Rationale: Zoning regulates how property in specific areas may be used.
18. The Truth in Lending Act requires disclosure of:
A. Property taxes
B. Closing costs only
C. APR and finance charges
D. Commission rates
Answer: C. APR and finance charges
Rationale: TILA ensures borrowers understand the cost of credit.
19. An estate for years is:
A. Ownership forever
B. A life estate
C. A lease with a definite period
D. A month-to-month tenancy
Answer: C. A lease with a definite period
Rationale: An estate for years has a fixed beginning and ending date.
ANSWERS | VERIFIED ANSWERS PLUS RATIONALES | EXAM
ALREADY GRADED A+ | LATEST EXAM UPDATE
1. Which entity regulates real estate licenses in Florida?
A. Florida Bar Association
B. Florida Real Estate Commission
C. Department of Business Ethics
D. National Association of Realtors
Answer: B. Florida Real Estate Commission
Rationale: The Florida Real Estate Commission (FREC) regulates and enforces real estate
licensing laws under Chapter 475, Florida Statutes.
2. To qualify for a Florida sales associate license, an applicant must be at least:
A. 16 years old
B. 18 years old
C. 19 years old
D. 21 years old
Answer: B. 18 years old
Rationale: Florida law requires applicants for a sales associate license to be at least 18 years
old.
3. A broker applicant must have how much experience as a licensed sales associate?
A. 6 months
B. 1 year
C. 2 years
D. 4 years
Answer: C. 2 years
Rationale: A broker applicant must have at least 24 months of active experience during the
preceding 5 years.
4. The term “fiduciary duty” includes all of the following EXCEPT:
A. Loyalty
B. Obedience
C. Confidentiality
D. Profit maximization
Answer: D. Profit maximization
Rationale: Fiduciary duties include loyalty, obedience, confidentiality, accounting, and full
disclosure—not profit maximization.
,5. A valid Florida real estate license must be renewed every:
A. Year
B. Two years
C. Three years
D. Four years
Answer: B. Two years
Rationale: Florida real estate licenses operate on a two-year renewal cycle.
6. Which type of listing gives the broker the greatest protection?
A. Open listing
B. Net listing
C. Exclusive right of sale
D. Multiple listing
Answer: C. Exclusive right of sale
Rationale: This listing guarantees the broker a commission regardless of who finds the buyer.
7. A homestead exemption in Florida primarily reduces:
A. Sales tax
B. Federal tax
C. Property tax
D. Income tax
Answer: C. Property tax
Rationale: Florida’s homestead exemption reduces the taxable value of a primary residence.
8. The statute of frauds requires which contracts to be in writing?
A. Oral leases under one year
B. Agreements for the sale of real property
C. Brokerage employment contracts under 30 days
D. Verbal buyer representation agreements
Answer: B. Agreements for the sale of real property
Rationale: Contracts for the sale of real property must be in writing to be enforceable.
9. Which type of deed provides the greatest protection to the buyer?
A. Quitclaim deed
B. Special warranty deed
C. General warranty deed
D. Tax deed
Answer: C. General warranty deed
Rationale: A general warranty deed guarantees clear title against all claims.
,10. Earnest money is typically held by:
A. The buyer
B. The seller
C. The broker
D. The county clerk
Answer: C. The broker
Rationale: The broker usually holds earnest money in an escrow account.
11. The Florida Residential Landlord and Tenant Act applies primarily to:
A. Commercial leases
B. Agricultural land
C. Residential rental properties
D. Government housing only
Answer: C. Residential rental properties
Rationale: The Act governs rights and duties of landlords and tenants in residential leases.
12. A metes and bounds legal description is MOST commonly used for:
A. Subdivision lots
B. Government lots
C. Irregular parcels
D. Condominium units
Answer: C. Irregular parcels
Rationale: Metes and bounds describes property using distances and directions, typically for
irregular parcels.
13. An easement appurtenant benefits:
A. A specific person
B. The dominant estate
C. The servient estate
D. The government only
Answer: B. The dominant estate
Rationale: An easement appurtenant benefits the land (dominant estate), not a specific
individual.
14. Which approach to value is MOST relevant for single-family homes?
A. Cost approach
B. Income approach
C. Sales comparison approach
D. Gross rent multiplier
Answer: C. Sales comparison approach
Rationale: This approach compares similar recently sold properties.
, 15. A real estate contract must include all of the following EXCEPT:
A. Offer and acceptance
B. Consideration
C. Legal purpose
D. Notarization
Answer: D. Notarization
Rationale: Notarization is not required for a contract to be valid, though deeds require
notarization.
16. Which loan type is insured by the federal government?
A. Conventional loan
B. FHA loan
C. Portfolio loan
D. Hard money loan
Answer: B. FHA loan
Rationale: FHA loans are insured by the Federal Housing Administration.
17. The primary purpose of zoning laws is to:
A. Increase property taxes
B. Control land use
C. Raise home values
D. Eliminate property lines
Answer: B. Control land use
Rationale: Zoning regulates how property in specific areas may be used.
18. The Truth in Lending Act requires disclosure of:
A. Property taxes
B. Closing costs only
C. APR and finance charges
D. Commission rates
Answer: C. APR and finance charges
Rationale: TILA ensures borrowers understand the cost of credit.
19. An estate for years is:
A. Ownership forever
B. A life estate
C. A lease with a definite period
D. A month-to-month tenancy
Answer: C. A lease with a definite period
Rationale: An estate for years has a fixed beginning and ending date.
