Level 1- RE 1-3 (30 Questions)
2026 Exam All Answers and
Illustrations Given
Property management in the real estate business has gained popularity
and importance due to - 🧠ANSWER ✔✔a growth in absentee ownership.
Reference: Absentee owners, typically investors, need someone on-site to
take care of their properties.
,If after 24 months a sales associate has not completed the requisite post-
licensing education, they can requalify for licensure by - 🧠ANSWER
✔✔repeating the pre-licensure class, passing the end-of-course
examination, and passing the state licensure examination.
Reference: The license is void if post-licensing education is not complete
within 24 months, so the pre-licensing course and examination and state
examination must be taken again.
Before Esther died, she named her friend JoAnne as her personal
representative in her will. To sell the real estate Esther owned, JoAnne is -
🧠ANSWER ✔✔not required to obtain a real estate license.
Reference: As the assigned representative for the estate, Jenny is acting
as owner of the estate and does not require a license.
The legal rights and responsibilities of real estate licensees are established
by what law? - 🧠ANSWER ✔✔Florida Statute Chapter 475
, Reference: The Florida Statute Chapter 475 was created by the Florida
Legislature to establish the legal rights and responsibilities of real estate
licensees.
Since performing a broker price opinion or comparative market analysis
constitutes real estate brokerage activity, the compensation collected in
connection with that activity must be paid to the - 🧠ANSWER ✔✔sales
associate's broker/brokerage
Reference: Sales associates receive their compensation from their broker
or owner-developer.
On the seven total members of the FREC, two must be - 🧠ANSWER
✔✔never licensed as real estate sales associates or brokers
Reference: Two members of the FREC are members of the public who
have never been licensed as real estate professionals.
Buyer purchases a house through Broker and asks Broker to refer a
contractor who can remodel parts of the house. Broker refers Buyer to
contractor who gives Broker money for customer referrals. If all interested
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2026 Exam All Answers and
Illustrations Given
Property management in the real estate business has gained popularity
and importance due to - 🧠ANSWER ✔✔a growth in absentee ownership.
Reference: Absentee owners, typically investors, need someone on-site to
take care of their properties.
,If after 24 months a sales associate has not completed the requisite post-
licensing education, they can requalify for licensure by - 🧠ANSWER
✔✔repeating the pre-licensure class, passing the end-of-course
examination, and passing the state licensure examination.
Reference: The license is void if post-licensing education is not complete
within 24 months, so the pre-licensing course and examination and state
examination must be taken again.
Before Esther died, she named her friend JoAnne as her personal
representative in her will. To sell the real estate Esther owned, JoAnne is -
🧠ANSWER ✔✔not required to obtain a real estate license.
Reference: As the assigned representative for the estate, Jenny is acting
as owner of the estate and does not require a license.
The legal rights and responsibilities of real estate licensees are established
by what law? - 🧠ANSWER ✔✔Florida Statute Chapter 475
, Reference: The Florida Statute Chapter 475 was created by the Florida
Legislature to establish the legal rights and responsibilities of real estate
licensees.
Since performing a broker price opinion or comparative market analysis
constitutes real estate brokerage activity, the compensation collected in
connection with that activity must be paid to the - 🧠ANSWER ✔✔sales
associate's broker/brokerage
Reference: Sales associates receive their compensation from their broker
or owner-developer.
On the seven total members of the FREC, two must be - 🧠ANSWER
✔✔never licensed as real estate sales associates or brokers
Reference: Two members of the FREC are members of the public who
have never been licensed as real estate professionals.
Buyer purchases a house through Broker and asks Broker to refer a
contractor who can remodel parts of the house. Broker refers Buyer to
contractor who gives Broker money for customer referrals. If all interested
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
