GOLD COAST 45 HOUR POST
LICENSING ACTUAL EXAM
2026/2027 | FREC Requirements |
Comprehensive Practice Test | Verified
Q&A | Pass Guaranteed - A+ Graded
UNIT 1: FLORIDA REAL ESTATE LICENSE LAW AND
COMMISSION RULES (35 Questions)
Q1: A sales associate's license expires on March 31, 2026. What is the latest date they may
renew without having to retake the state exam?
A. March 31, 2026
B. June 30, 2026
C. March 31, 2027
D. September 30, 2026 [CORRECT]
Correct Answer: D
Rationale: Under Florida Statute 475.182 and FREC Rule 61J2-10.001, a sales associate has a
6-month grace period after expiration (September 30, 2026) to renew without retaking the
exam, provided they pay a late fee and complete continuing education. After this date, the
license becomes null and void, requiring reapplication and examination.
Gold Coast Note: The 6-month grace period is critical for exam purposes—many practitioners
confuse this with the 2-year involuntary inactive period.
Q2: Which of the following activities requires a Florida real estate license?
A. Managing one's own rental properties
,B. Serving as a trustee selling trust property without compensation
C. Acting as a resident manager of an apartment complex with on-site duties only
D. Selling cemetery lots for a licensed cemetery company on a commission basis [CORRECT]
Correct Answer: D
Rationale: Florida Statute 475.011 provides specific exemptions from licensure, including
managing one's own property (A), trustees acting without compensation (B), and resident
managers (C). However, selling cemetery lots for compensation requires a real estate license
per F.S. 475.01(1)(a), as it involves real property sales for another for compensation.
Gold Coast Note: Cemetery lot sales are a frequently tested exception—students often
assume all cemetery activities are exempt.
Q3: A broker maintains a trust account at a Florida bank. According to FREC Rule
61J2-14.008, how often must the broker reconcile the trust account?
A. Monthly
B. Quarterly
C. At least monthly [CORRECT]
D. Only when closing a transaction
Correct Answer: C
Rationale: FREC Rule 61J2-14.008(2) requires brokers to reconcile trust accounts at least
monthly. This includes comparing the bank statement balance to the checkbook balance and
the total of all ledger balances. Monthly reconciliation ensures prompt detection of errors or
misappropriation.
Gold Coast Note: "At least monthly" means more frequent reconciliation is
permitted—examiners test whether you know the minimum standard.
Q4: A real estate licensee is convicted of a felony involving moral turpitude that occurred five
years before applying for a license. What is the FREC's likely action?
A. Automatic denial regardless of rehabilitation
B. May deny if the crime relates to the practice of real estate or demonstrates unworthiness
[CORRECT]
,C. Must grant the license if the applicant completed probation
D. Automatic approval after 5 years have passed
Correct Answer: B
Rationale: Under Florida Statute 475.625 and FREC Rule 61J2-24.001, the Commission
evaluates criminal history based on relevance to real estate practice, time elapsed,
rehabilitation evidence, and other factors. There is no automatic disqualification or
approval—each case is reviewed individually for "moral character."
Gold Coast Note: The Commission has broad discretion; the key is whether the crime relates
to fiduciary duties (fraud, theft, forgery) that would affect real estate practice.
Q5: A sales associate places an advertisement in a local newspaper. According to FREC Rule
61J2-10.025, what must appear in the ad?
A. The sales associate's full legal name only
B. The employing broker's business name prominently displayed [CORRECT]
C. The sales associate's nickname and cell phone only
D. No special requirements for newspaper ads
Correct Answer: B
Rationale: FREC Rule 61J2-10.025 requires all advertising by licensees to include the
registered name of the brokerage firm as recorded with the Commission. The broker's name
must be prominent and easily readable. Sales associates cannot advertise under their own
names without broker identification.
Gold Coast Note: This applies to ALL advertising—business cards, signs, social media, email
signatures. The broker's name must always be prominent.
Q6: A broker discovers that a sales associate has commingled personal funds with trust
account funds. The amount involved is $500. What must the broker do?
A. Deduct $500 from the associate's next commission check
B. Immediately report the violation to the FREC [CORRECT]
C. Give the associate 30 days to correct the error
, D. Transfer $500 from the operating account to cover the shortage
Correct Answer: B
Rationale: FREC Rule 61J2-14.010 requires immediate reporting of any commingling or
misappropriation of trust funds. Commingling is a serious violation regardless of amount or
intent. The broker must report to the Commission within a reasonable time, typically
interpreted as immediately upon discovery.
Gold Coast Note: Commingling is a first-degree misdemeanor and grounds for license
suspension or revocation. No "grace period" exists for correction.
Q7: A nonresident applicant for a Florida broker's license must designate:
A. A Florida resident as their attorney-in-fact
B. A Florida licensed broker as their registered agent [CORRECT]
C. Any Florida resident over age 18
D. The Secretary of State automatically
Correct Answer: B
Rationale: Florida Statute 475.17 requires nonresident licensees to designate a Florida
licensed broker as their registered agent for service of process. This ensures the
Commission has an in-state contact for legal notices and disciplinary actions. The
designation must be maintained throughout licensure.
Gold Coast Note: The registered agent must be a Florida-licensed broker, not just any
resident or attorney. This is tested frequently.
Q8: Under Florida Statute 475.42, which activity constitutes a felony of the third degree?
A. Failing to deliver a closing disclosure within three days
B. Acting as a broker without a license [CORRECT]
C. Advertising a property without the owner's consent
D. Failing to maintain errors and omissions insurance
Correct Answer: B
LICENSING ACTUAL EXAM
2026/2027 | FREC Requirements |
Comprehensive Practice Test | Verified
Q&A | Pass Guaranteed - A+ Graded
UNIT 1: FLORIDA REAL ESTATE LICENSE LAW AND
COMMISSION RULES (35 Questions)
Q1: A sales associate's license expires on March 31, 2026. What is the latest date they may
renew without having to retake the state exam?
A. March 31, 2026
B. June 30, 2026
C. March 31, 2027
D. September 30, 2026 [CORRECT]
Correct Answer: D
Rationale: Under Florida Statute 475.182 and FREC Rule 61J2-10.001, a sales associate has a
6-month grace period after expiration (September 30, 2026) to renew without retaking the
exam, provided they pay a late fee and complete continuing education. After this date, the
license becomes null and void, requiring reapplication and examination.
Gold Coast Note: The 6-month grace period is critical for exam purposes—many practitioners
confuse this with the 2-year involuntary inactive period.
Q2: Which of the following activities requires a Florida real estate license?
A. Managing one's own rental properties
,B. Serving as a trustee selling trust property without compensation
C. Acting as a resident manager of an apartment complex with on-site duties only
D. Selling cemetery lots for a licensed cemetery company on a commission basis [CORRECT]
Correct Answer: D
Rationale: Florida Statute 475.011 provides specific exemptions from licensure, including
managing one's own property (A), trustees acting without compensation (B), and resident
managers (C). However, selling cemetery lots for compensation requires a real estate license
per F.S. 475.01(1)(a), as it involves real property sales for another for compensation.
Gold Coast Note: Cemetery lot sales are a frequently tested exception—students often
assume all cemetery activities are exempt.
Q3: A broker maintains a trust account at a Florida bank. According to FREC Rule
61J2-14.008, how often must the broker reconcile the trust account?
A. Monthly
B. Quarterly
C. At least monthly [CORRECT]
D. Only when closing a transaction
Correct Answer: C
Rationale: FREC Rule 61J2-14.008(2) requires brokers to reconcile trust accounts at least
monthly. This includes comparing the bank statement balance to the checkbook balance and
the total of all ledger balances. Monthly reconciliation ensures prompt detection of errors or
misappropriation.
Gold Coast Note: "At least monthly" means more frequent reconciliation is
permitted—examiners test whether you know the minimum standard.
Q4: A real estate licensee is convicted of a felony involving moral turpitude that occurred five
years before applying for a license. What is the FREC's likely action?
A. Automatic denial regardless of rehabilitation
B. May deny if the crime relates to the practice of real estate or demonstrates unworthiness
[CORRECT]
,C. Must grant the license if the applicant completed probation
D. Automatic approval after 5 years have passed
Correct Answer: B
Rationale: Under Florida Statute 475.625 and FREC Rule 61J2-24.001, the Commission
evaluates criminal history based on relevance to real estate practice, time elapsed,
rehabilitation evidence, and other factors. There is no automatic disqualification or
approval—each case is reviewed individually for "moral character."
Gold Coast Note: The Commission has broad discretion; the key is whether the crime relates
to fiduciary duties (fraud, theft, forgery) that would affect real estate practice.
Q5: A sales associate places an advertisement in a local newspaper. According to FREC Rule
61J2-10.025, what must appear in the ad?
A. The sales associate's full legal name only
B. The employing broker's business name prominently displayed [CORRECT]
C. The sales associate's nickname and cell phone only
D. No special requirements for newspaper ads
Correct Answer: B
Rationale: FREC Rule 61J2-10.025 requires all advertising by licensees to include the
registered name of the brokerage firm as recorded with the Commission. The broker's name
must be prominent and easily readable. Sales associates cannot advertise under their own
names without broker identification.
Gold Coast Note: This applies to ALL advertising—business cards, signs, social media, email
signatures. The broker's name must always be prominent.
Q6: A broker discovers that a sales associate has commingled personal funds with trust
account funds. The amount involved is $500. What must the broker do?
A. Deduct $500 from the associate's next commission check
B. Immediately report the violation to the FREC [CORRECT]
C. Give the associate 30 days to correct the error
, D. Transfer $500 from the operating account to cover the shortage
Correct Answer: B
Rationale: FREC Rule 61J2-14.010 requires immediate reporting of any commingling or
misappropriation of trust funds. Commingling is a serious violation regardless of amount or
intent. The broker must report to the Commission within a reasonable time, typically
interpreted as immediately upon discovery.
Gold Coast Note: Commingling is a first-degree misdemeanor and grounds for license
suspension or revocation. No "grace period" exists for correction.
Q7: A nonresident applicant for a Florida broker's license must designate:
A. A Florida resident as their attorney-in-fact
B. A Florida licensed broker as their registered agent [CORRECT]
C. Any Florida resident over age 18
D. The Secretary of State automatically
Correct Answer: B
Rationale: Florida Statute 475.17 requires nonresident licensees to designate a Florida
licensed broker as their registered agent for service of process. This ensures the
Commission has an in-state contact for legal notices and disciplinary actions. The
designation must be maintained throughout licensure.
Gold Coast Note: The registered agent must be a Florida-licensed broker, not just any
resident or attorney. This is tested frequently.
Q8: Under Florida Statute 475.42, which activity constitutes a felony of the third degree?
A. Failing to deliver a closing disclosure within three days
B. Acting as a broker without a license [CORRECT]
C. Advertising a property without the owner's consent
D. Failing to maintain errors and omissions insurance
Correct Answer: B
