Page 1 of 119
Florida Real Estate Laws & Rules (09-FL-E)
Exam COMPLETE QUESTIONS AND DETAILED
SOLUTIONS LATEST UPDATE THIS YEAR-JUST
RELEASED
Actual Exam Coverage – Florida Real Estate Laws & Rules (09-FL-E)
The exam tests knowledge in these main areas:
1. Real Estate License Law & Regulations
o Florida Real Estate Commission (FREC) structure, powers, and duties
o License types: Sales Associate, Broker, and Broker Associate
o Requirements for licensure, renewal, and continuing education
o Unlicensed practice penalties
2. Florida Real Estate Commission Rules
o FREC Rules 61J2-10 through 61J2-24
o Advertising and solicitation rules
o Handling escrow and trust funds
o Recordkeeping and transaction documentation
3. Real Estate Brokerage Practices
o Broker responsibilities and supervision
o Sales associate duties and obligations
o Listings, offers, and purchase agreements
o Agency and disclosure requirements
4. Real Estate Transactions & Contracts
o Residential, commercial, and investment property transactions
o Contract law: formation, performance, breach, and remedies
o Option contracts, leases, and agreements for sale
o Escrow, earnest money, and closing procedures
5. Business Relationships & Ethical Standards
o Fiduciary duties and confidentiality
o Disclosure requirements (material facts, dual agency, conflicts)
o Fair housing and antitrust laws
o Florida Deceptive and Unfair Trade Practices Act
6. Consumer Protection & Enforcement
o Disciplinary actions, fines, and license suspension/revocation
o Complaints and investigative procedures by FREC
o Recovery Fund procedures
7. Miscellaneous
o Property management regulations
o Timeshares and subdivisions
o Florida-specific statutes affecting real estate
1.
A sales associate receives a commission check directly from a buyer instead of the broker. What is
correct?
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A) The associate may keep it if the broker is unavailable
B) The associate must immediately deliver the check to the broker
C) The associate may deposit it in their personal account
D) The associate can refuse
Answer: B) The associate must immediately deliver the check to the broker
Rationale: Florida law requires all funds received on behalf of a broker or client to be delivered promptly
to the broker.
2.
A broker supervises multiple sales associates. One associate violates advertising rules. Who is liable?
A) Only the associate
B) Only the broker
C) Both the broker and the associate
D) Neither
Answer: C) Both the broker and the associate
Rationale: Brokers are responsible for supervising associates; violations reflect on both parties under
FREC rules.
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3.
Which duty requires a broker to act in the best interest of the client, even above personal gain?
A) Obedience
B) Loyalty
C) Accounting
D) Disclosure
Answer: B) Loyalty
Rationale: Loyalty is a fiduciary duty; brokers must prioritize client interests over their own.
4.
A property manager collects rent and deposits it into a personal account temporarily. What law is
violated?
A) Fair Housing Act
B) Trust Fund Handling Rules
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C) License Renewal Requirement
D) Deceptive Trade Practices Act
Answer: B) Trust Fund Handling Rules
Rationale: All client funds must be deposited in a designated escrow or trust account immediately.
5.
Which Florida statute governs real estate licensing and practice?
A) Florida Statutes Chapter 475
B) Florida Statutes Chapter 720
C) Florida Administrative Code Rule 61J2
D) Florida Building Code
Answer: A) Florida Statutes Chapter 475
Rationale: Chapter 475, Part I, regulates real estate brokers, sales associates, and schools in Florida.
6.
Florida Real Estate Laws & Rules (09-FL-E)
Exam COMPLETE QUESTIONS AND DETAILED
SOLUTIONS LATEST UPDATE THIS YEAR-JUST
RELEASED
Actual Exam Coverage – Florida Real Estate Laws & Rules (09-FL-E)
The exam tests knowledge in these main areas:
1. Real Estate License Law & Regulations
o Florida Real Estate Commission (FREC) structure, powers, and duties
o License types: Sales Associate, Broker, and Broker Associate
o Requirements for licensure, renewal, and continuing education
o Unlicensed practice penalties
2. Florida Real Estate Commission Rules
o FREC Rules 61J2-10 through 61J2-24
o Advertising and solicitation rules
o Handling escrow and trust funds
o Recordkeeping and transaction documentation
3. Real Estate Brokerage Practices
o Broker responsibilities and supervision
o Sales associate duties and obligations
o Listings, offers, and purchase agreements
o Agency and disclosure requirements
4. Real Estate Transactions & Contracts
o Residential, commercial, and investment property transactions
o Contract law: formation, performance, breach, and remedies
o Option contracts, leases, and agreements for sale
o Escrow, earnest money, and closing procedures
5. Business Relationships & Ethical Standards
o Fiduciary duties and confidentiality
o Disclosure requirements (material facts, dual agency, conflicts)
o Fair housing and antitrust laws
o Florida Deceptive and Unfair Trade Practices Act
6. Consumer Protection & Enforcement
o Disciplinary actions, fines, and license suspension/revocation
o Complaints and investigative procedures by FREC
o Recovery Fund procedures
7. Miscellaneous
o Property management regulations
o Timeshares and subdivisions
o Florida-specific statutes affecting real estate
1.
A sales associate receives a commission check directly from a buyer instead of the broker. What is
correct?
, Page 2 of 119
A) The associate may keep it if the broker is unavailable
B) The associate must immediately deliver the check to the broker
C) The associate may deposit it in their personal account
D) The associate can refuse
Answer: B) The associate must immediately deliver the check to the broker
Rationale: Florida law requires all funds received on behalf of a broker or client to be delivered promptly
to the broker.
2.
A broker supervises multiple sales associates. One associate violates advertising rules. Who is liable?
A) Only the associate
B) Only the broker
C) Both the broker and the associate
D) Neither
Answer: C) Both the broker and the associate
Rationale: Brokers are responsible for supervising associates; violations reflect on both parties under
FREC rules.
, Page 3 of 119
3.
Which duty requires a broker to act in the best interest of the client, even above personal gain?
A) Obedience
B) Loyalty
C) Accounting
D) Disclosure
Answer: B) Loyalty
Rationale: Loyalty is a fiduciary duty; brokers must prioritize client interests over their own.
4.
A property manager collects rent and deposits it into a personal account temporarily. What law is
violated?
A) Fair Housing Act
B) Trust Fund Handling Rules
, Page 4 of 119
C) License Renewal Requirement
D) Deceptive Trade Practices Act
Answer: B) Trust Fund Handling Rules
Rationale: All client funds must be deposited in a designated escrow or trust account immediately.
5.
Which Florida statute governs real estate licensing and practice?
A) Florida Statutes Chapter 475
B) Florida Statutes Chapter 720
C) Florida Administrative Code Rule 61J2
D) Florida Building Code
Answer: A) Florida Statutes Chapter 475
Rationale: Chapter 475, Part I, regulates real estate brokers, sales associates, and schools in Florida.
6.
