FLORIDA REAL ESTATE SALESPERSON
STUDY GUIDE 2026 ACCURATE SOLUTIONS
GRADED A+
⩥ Is a property manager who is paid a salary plus on a transactional
basis, required to be an actively licensed broker? Answer: Yes
⩥ What is the difference between a rental agent and a property manager?
Answer: A rental agent works with potential renters and finds them a
rental. A property manager does the same, but also manages the property
after finding the renter.
⩥ Why has the field of property management experienced such rapid
growth? Answer: The increase of absentee owners
⩥ What kind of residential construction involves a builder purchasing
one or more lots and constructing a home or homes without a buyer in
advance of construction? Answer: Speculative home
⩥ What kind of residential construction involves a builder in contract
with a buyer, and the buyer decides what kind of design the house will
have? Answer: Custom home
,⩥ What kind of residential construction is similar to speculative building
and is done in a new subdivision with several model homes? Answer:
Tract home
⩥ When is a new sales associate legally allowed to refer to themselves
as a Realtor? Answer: When they have joined the National Association
of Realtors
⩥ What is Florida statute 20? Answer: It establishes the structure of the
executive branch of Florida's government.
⩥ What is Florida statute 475? Answer: It is the law that establishes the
legal rights and responsibilities of real estate licensees and real estate
appraisers.
⩥ How many parts does Florida statue 475 have? And what are they?
Answer: 4
1. Brokers, sales associates, and broker associates
2. Appraisers
3. Commercial real estate sales commission lien act
4. Commercial real estate leasing commission lien act
,⩥ What is Florida statute 455? Answer: The law that defines the general
legal practices of the dbpr(department of business and professional
regulation)
⩥ What is Florida statue 120? Answer: The administrative procedures
act
⩥ What is chapter 61j2? Answer: The RULES the FREC (Florida real
estate commission) makes and enforces
⩥ If an owner-developer's sales staff receives a commission, what must
they have? Answer: An active real estate license
⩥ If an owner-developer's sales staff does not receive a a commission or
compensation based on transactions or bonuses, is the sales staff
required to hold an active real estate license? Answer: No
⩥ What is the status of a sales associate's license if they do not complete
the required 45-hour post licensing course before the first expiration of
their license? Answer: Null and void
⩥ After the 45-hour post license course has been completed, how long
does a sales associate have to complete the required 14 hour continuing
education course? Answer: 2 years
, ⩥ Who is required to complete the continuing education? Is it actively
licensed sales associates or actively licensed sales associates AND in
actively licensed sales associates? Answer: Actively AND inactively
licensed sales associates
⩥ How many hours is the business ethics portion of the 14 hours of
continuing education? Answer: 3 hours
⩥ How long is a sales associate required to be licensed under 1 or more
actively licensed brokers before he is eligible to obtain a broker's
license? Answer: 2 years
⩥ Is the governor's name or signature on a sales associate's license?
Answer: The governor's name is on the sales associates license. NOT the
signature.
⩥ If an unlicensed assistant works at a brokerage, can they show
property, hold listings presentations, and negotiate contracts? Answer:
No
⩥ Can a licensee share a portion of their commission with an unlicensed
person,(who is not one of the parties to the transaction) for the referral of
real estate? Answer: No
STUDY GUIDE 2026 ACCURATE SOLUTIONS
GRADED A+
⩥ Is a property manager who is paid a salary plus on a transactional
basis, required to be an actively licensed broker? Answer: Yes
⩥ What is the difference between a rental agent and a property manager?
Answer: A rental agent works with potential renters and finds them a
rental. A property manager does the same, but also manages the property
after finding the renter.
⩥ Why has the field of property management experienced such rapid
growth? Answer: The increase of absentee owners
⩥ What kind of residential construction involves a builder purchasing
one or more lots and constructing a home or homes without a buyer in
advance of construction? Answer: Speculative home
⩥ What kind of residential construction involves a builder in contract
with a buyer, and the buyer decides what kind of design the house will
have? Answer: Custom home
,⩥ What kind of residential construction is similar to speculative building
and is done in a new subdivision with several model homes? Answer:
Tract home
⩥ When is a new sales associate legally allowed to refer to themselves
as a Realtor? Answer: When they have joined the National Association
of Realtors
⩥ What is Florida statute 20? Answer: It establishes the structure of the
executive branch of Florida's government.
⩥ What is Florida statute 475? Answer: It is the law that establishes the
legal rights and responsibilities of real estate licensees and real estate
appraisers.
⩥ How many parts does Florida statue 475 have? And what are they?
Answer: 4
1. Brokers, sales associates, and broker associates
2. Appraisers
3. Commercial real estate sales commission lien act
4. Commercial real estate leasing commission lien act
,⩥ What is Florida statute 455? Answer: The law that defines the general
legal practices of the dbpr(department of business and professional
regulation)
⩥ What is Florida statue 120? Answer: The administrative procedures
act
⩥ What is chapter 61j2? Answer: The RULES the FREC (Florida real
estate commission) makes and enforces
⩥ If an owner-developer's sales staff receives a commission, what must
they have? Answer: An active real estate license
⩥ If an owner-developer's sales staff does not receive a a commission or
compensation based on transactions or bonuses, is the sales staff
required to hold an active real estate license? Answer: No
⩥ What is the status of a sales associate's license if they do not complete
the required 45-hour post licensing course before the first expiration of
their license? Answer: Null and void
⩥ After the 45-hour post license course has been completed, how long
does a sales associate have to complete the required 14 hour continuing
education course? Answer: 2 years
, ⩥ Who is required to complete the continuing education? Is it actively
licensed sales associates or actively licensed sales associates AND in
actively licensed sales associates? Answer: Actively AND inactively
licensed sales associates
⩥ How many hours is the business ethics portion of the 14 hours of
continuing education? Answer: 3 hours
⩥ How long is a sales associate required to be licensed under 1 or more
actively licensed brokers before he is eligible to obtain a broker's
license? Answer: 2 years
⩥ Is the governor's name or signature on a sales associate's license?
Answer: The governor's name is on the sales associates license. NOT the
signature.
⩥ If an unlicensed assistant works at a brokerage, can they show
property, hold listings presentations, and negotiate contracts? Answer:
No
⩥ Can a licensee share a portion of their commission with an unlicensed
person,(who is not one of the parties to the transaction) for the referral of
real estate? Answer: No
