Study Guide – Complete Questions with
Correct Detailed Answers | 100%
Guaranteed Pass | Brand New Version
Prepare with confidence using this brand new and fully updated exam study guide designed
to help students achieve excellent results. This document contains complete exam questions
with correct and detailed answers, carefully organized to help you understand key concepts
and strengthen your exam preparation.
Unlike ordinary study notes, this resource focuses on exam-focused questions and accurate
answers that help you review the most important topics quickly and effectively. Each answer
includes clear explanations to help you understand the reasoning behind the correct response
and reinforce your knowledge.
What This Study Guide Includes
✔ Complete exam questions covering essential topics
✔ Correct answers with detailed explanations
✔ Clear and well-structured format for easy revision
✔ Coverage of commonly tested concepts
✔ Updated and brand new version for effective exam preparation
Why This Study Guide Is Helpful
This guide is designed to help students review faster, understand concepts better, and
improve their exam confidence. Practicing with structured questions and reviewing detailed
answers helps strengthen your understanding and prepares you for the types of questions
commonly seen in exams.
Perfect For
• Final exam preparation
• Midterm reviews
• Self-study and revision
• Strengthening weak subject areas
• Improving academic performance
,Whether you are reviewing weeks before the exam or doing last-minute revision, this guide
provides the structured practice and clear explanations needed to succeed.
A powerful study resource designed to support exam success and boost confidence.
Temporary Incapacitation of license ------- ✔ CORRECT ANSWER ✓✓mandatory suspension
out of state broker receives a commission ------- ✔ CORRECT ANSWER ✓✓cannot participate in
the transaction
city needs a new school, acquire land by ------- ✔ CORRECT ANSWER ✓✓eminent domain
All legal rights transferred (100%) ------- ✔ CORRECT ANSWER ✓✓assignment
Dual Agency ------- ✔ CORRECT ANSWER ✓✓Representing both parties to a transaction. This is
unethical unless both parties agree to it, and it is illegal in many states (Violation of Florida
Statute 475
Combining two or more parcels of land ------- ✔ CORRECT ANSWER ✓✓assemblage
Real Estate Recovery fund is funded by ------- ✔ CORRECT ANSWER ✓✓fines and fees paid by
licensees
Riparian Rights ------- ✔ CORRECT ANSWER ✓✓An owner's rights in land that borders on or
includes a stream, river, or lake. These rights include access to and use of the water.
, Broker hiding value of property ------- ✔ CORRECT ANSWER ✓✓Could be charged with
concealment
If office is closed, reopened, in same license period ------- ✔ CORRECT ANSWER ✓✓request a
reissue- no fee
real estate taxes are ------- ✔ CORRECT ANSWER ✓✓Ad Valorem tax
The four factors of production ------- ✔ CORRECT ANSWER ✓✓land, labor, capital, and
entrepreneurial ability
Maximum number of years on FREC ------- ✔ CORRECT ANSWER ✓✓no limit
Land, improvements, interest and rights ------- ✔ CORRECT ANSWER ✓✓Real Property
Gross lease ------- ✔ CORRECT ANSWER ✓✓Tenant pays a fixed rent and the landlord (Lesser)
pays all property expenses
To cure a defect or cloud on the title to a piece of property, the parties should: ------- ✔
CORRECT ANSWER ✓✓quitclam deed
Sales associate working for a broker ------- ✔ CORRECT ANSWER ✓✓general agency relationship
Brokers office ------- ✔ CORRECT ANSWER ✓✓Building of stationary construction
More than 1 active broker, 1 license revoked ------- ✔ CORRECT ANSWER ✓✓no affect on other
licenses