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Florida Real Estate Laws & Rules Exam (09 FL-E) | Latest
Verified Questions and Detailed Answers
OVERVIEW DESCRIPTION:
This comprehensive set of multiple-choice questions is designed for the Florida Real Estate
Laws & Rules Exam (09 FL-E). The questions comprehensively cover all major areas of
Florida real estate license law, including brokerage relationships (single agent vs.
transaction broker), escrow handling and recordkeeping requirements, continuing and
post-licensing education, FREC disciplinary powers and fines, the Real Estate Recovery
Fund, required disclosures (material defects, radon, condominium, HOA), advertising rules,
prohibited conduct (commingling, conversion, kickbacks), license renewal and
reactivation, unlicensed activity penalties, and key statutes from Chapters 475, 455, 718,
720, 721, and 760, Florida Statutes. Each question is followed by the correct answer and a
concise expert rationale to reinforce legal principles.
QUESTION 1
A Florida real estate licensee is required to provide a written disclosure to a potential
buyer about which of the following?
A) The age of the roof
B) The existence of any nearby sex offenders
C) The brokerage relationship
D) The seller’s original purchase price
CORRECT ANSWER: C
EXPERT RATIONALE: Florida law mandates that licensees provide the "Brokerage
Relationship Disclosure" to prospective buyers and sellers early in any substantive
discussion to clarify agency roles. Failure to do so violates FREC Rule 61J2-10.027.
QUESTION 2
Under Florida law, a real estate sales associate must place all earnest money deposits
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into which account by the end of the next business day?
A) The broker’s personal account
B) An interest-bearing escrow account designated for the seller
C) A non-interest-bearing escrow or escrow trust account
D) The sales associate’s personal savings account
CORRECT ANSWER: C
EXPERT RATIONALE: FREC Rule 61J2-14.008 requires that deposits be placed in a non-
interest-bearing escrow account or trust account, unless a written agreement states
otherwise. Personal accounts are strictly prohibited.
QUESTION 3
How often must a Florida real estate broker reconcile the escrow account bank
statements?
A) Weekly
B) Monthly
C) Quarterly
D) Annually
CORRECT ANSWER: B
EXPERT RATIONALE: FREC Rule 61J2-14.008(2)(d) mandates that brokers reconcile
escrow account statements at least monthly to ensure accuracy and prevent
misappropriation.
QUESTION 4
A Florida broker has been holding an earnest money deposit for 15 days when the buyer
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and seller have a dispute. The broker receives a demand letter from the buyer’s attorney
and a release from the seller. What must the broker do?
A) Immediately disburse to the buyer
B) Interplead the funds with the court
C) Hold the funds until a court order or mutual release is obtained
D) Give the funds to the FREC
CORRECT ANSWER: C
EXPERT RATIONALE: Under Fla. Stat. § 475.25(1)(d), a broker must hold disputed
escrow funds until receiving a written mutual release from all parties or a court order.
Disbursement without both is a license law violation.
QUESTION 5
Which of the following is NOT a requirement to qualify for a Florida real estate sales
associate license?
A) Be at least 18 years old
B) Have a high school diploma or GED
C) Complete 63 hours of pre-licensure education
D) Pass the state exam within two years of course completion
CORRECT ANSWER: B
EXPERT RATIONALE: Florida does not require a high school diploma or GED for
licensure; the requirements are age 18, course completion, exam passage, and
background clearance.
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QUESTION 6
A Florida licensee’s license has been inactive for more than 24 months. To reactivate,
what must they do?
A) Only pay the reactivation fee
B) Complete 14 hours of continuing education and pay fees
C) Complete 45 hours of post-licensing education and pass the state exam again
D) Complete a full 63-hour pre-licensure course and retake the exam
CORRECT ANSWER: D
EXPERT RATIONALE: Fla. Stat. § 475.183 requires that if a license is inactive for more
than 24 months, the applicant must retake pre-licensure education and the state exam.
QUESTION 7
Under the Florida Administrative Code, how many total continuing education (CE) hours
must an active sales associate complete every two years?
A) 7 hours
B) 14 hours
C) 21 hours
D) 30 hours
CORRECT ANSWER: B
EXPERT RATIONALE: FREC Rule 61J2-10.022 requires 14 hours of CE per biennium,
including 3 hours of core law and 11 hours of specialty electives.
QUESTION 8
A Florida broker’s escrow account is audited. Which of the following is an acceptable
Florida Real Estate Laws & Rules Exam (09 FL-E) | Latest
Verified Questions and Detailed Answers
OVERVIEW DESCRIPTION:
This comprehensive set of multiple-choice questions is designed for the Florida Real Estate
Laws & Rules Exam (09 FL-E). The questions comprehensively cover all major areas of
Florida real estate license law, including brokerage relationships (single agent vs.
transaction broker), escrow handling and recordkeeping requirements, continuing and
post-licensing education, FREC disciplinary powers and fines, the Real Estate Recovery
Fund, required disclosures (material defects, radon, condominium, HOA), advertising rules,
prohibited conduct (commingling, conversion, kickbacks), license renewal and
reactivation, unlicensed activity penalties, and key statutes from Chapters 475, 455, 718,
720, 721, and 760, Florida Statutes. Each question is followed by the correct answer and a
concise expert rationale to reinforce legal principles.
QUESTION 1
A Florida real estate licensee is required to provide a written disclosure to a potential
buyer about which of the following?
A) The age of the roof
B) The existence of any nearby sex offenders
C) The brokerage relationship
D) The seller’s original purchase price
CORRECT ANSWER: C
EXPERT RATIONALE: Florida law mandates that licensees provide the "Brokerage
Relationship Disclosure" to prospective buyers and sellers early in any substantive
discussion to clarify agency roles. Failure to do so violates FREC Rule 61J2-10.027.
QUESTION 2
Under Florida law, a real estate sales associate must place all earnest money deposits
,2|Page
into which account by the end of the next business day?
A) The broker’s personal account
B) An interest-bearing escrow account designated for the seller
C) A non-interest-bearing escrow or escrow trust account
D) The sales associate’s personal savings account
CORRECT ANSWER: C
EXPERT RATIONALE: FREC Rule 61J2-14.008 requires that deposits be placed in a non-
interest-bearing escrow account or trust account, unless a written agreement states
otherwise. Personal accounts are strictly prohibited.
QUESTION 3
How often must a Florida real estate broker reconcile the escrow account bank
statements?
A) Weekly
B) Monthly
C) Quarterly
D) Annually
CORRECT ANSWER: B
EXPERT RATIONALE: FREC Rule 61J2-14.008(2)(d) mandates that brokers reconcile
escrow account statements at least monthly to ensure accuracy and prevent
misappropriation.
QUESTION 4
A Florida broker has been holding an earnest money deposit for 15 days when the buyer
,3|Page
and seller have a dispute. The broker receives a demand letter from the buyer’s attorney
and a release from the seller. What must the broker do?
A) Immediately disburse to the buyer
B) Interplead the funds with the court
C) Hold the funds until a court order or mutual release is obtained
D) Give the funds to the FREC
CORRECT ANSWER: C
EXPERT RATIONALE: Under Fla. Stat. § 475.25(1)(d), a broker must hold disputed
escrow funds until receiving a written mutual release from all parties or a court order.
Disbursement without both is a license law violation.
QUESTION 5
Which of the following is NOT a requirement to qualify for a Florida real estate sales
associate license?
A) Be at least 18 years old
B) Have a high school diploma or GED
C) Complete 63 hours of pre-licensure education
D) Pass the state exam within two years of course completion
CORRECT ANSWER: B
EXPERT RATIONALE: Florida does not require a high school diploma or GED for
licensure; the requirements are age 18, course completion, exam passage, and
background clearance.
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QUESTION 6
A Florida licensee’s license has been inactive for more than 24 months. To reactivate,
what must they do?
A) Only pay the reactivation fee
B) Complete 14 hours of continuing education and pay fees
C) Complete 45 hours of post-licensing education and pass the state exam again
D) Complete a full 63-hour pre-licensure course and retake the exam
CORRECT ANSWER: D
EXPERT RATIONALE: Fla. Stat. § 475.183 requires that if a license is inactive for more
than 24 months, the applicant must retake pre-licensure education and the state exam.
QUESTION 7
Under the Florida Administrative Code, how many total continuing education (CE) hours
must an active sales associate complete every two years?
A) 7 hours
B) 14 hours
C) 21 hours
D) 30 hours
CORRECT ANSWER: B
EXPERT RATIONALE: FREC Rule 61J2-10.022 requires 14 hours of CE per biennium,
including 3 hours of core law and 11 hours of specialty electives.
QUESTION 8
A Florida broker’s escrow account is audited. Which of the following is an acceptable
