FLORIDA REAL ESTATE FINAL EXAM SCRIPT
2026 SOLVED QUESTIONS AND ANSWERS
◉ to receive a commission
Answer: Must be licensed- Marry commission/license
◉ Unlicensed person acting as a broker
Answer: May get $5000 fine & imprisonment to 5 years
◉ Generates greatest return on land
Answer: Highest and best legal use
◉ Declaratory decree
Answer: inform the court- entitled to deposit
◉ Earnest money depositories
Answer: Title company, banks, S&L, credit unions in Fl
◉ Seller financing on investment property
Answer: no down payment required
,◉ Payment made from Real Estate Recovery Fund
Answer: License suspended till reimbursed and interest
◉ Guilty of violation of rules of FREC
Answer: reprimand, suspension, revocation
◉ Murder-suicide occurred in house
Answer: not a material fact for disclosure
◉ Brokerage partnership- all provide Real estate service
Answer: All partners licensed as a active broker
◉ Real Estate Brokerage Sign
Answer: name of broker plus "licensed real estate broker"
◉ License expired on March 31st- no action
Answer: Status of April 1st - involuntary inactive
◉ FI and federal telephone solicitations
Answer: not permitted prior to 8 am/after 9 pm
◉ Restricted amount of yearly tax increase
, Answer: Save our Homes Act
◉ A fence over a property line of another
Answer: Encroachment
◉ Indicator for stability in residential area
Answer: vacancy rate
◉ contractor builds to owner's specifications
Answer: custom building
◉ FREC adopts rules and regulations
Answer: Quasi-legislative power
◉ Statute of Frauds
Answer: must be in writing to be enforceable
◉ appraiser's term "price"
Answer: the amount received in a transaction
◉ Prima facie evidence in court
Answer: Possession of current & valid license
2026 SOLVED QUESTIONS AND ANSWERS
◉ to receive a commission
Answer: Must be licensed- Marry commission/license
◉ Unlicensed person acting as a broker
Answer: May get $5000 fine & imprisonment to 5 years
◉ Generates greatest return on land
Answer: Highest and best legal use
◉ Declaratory decree
Answer: inform the court- entitled to deposit
◉ Earnest money depositories
Answer: Title company, banks, S&L, credit unions in Fl
◉ Seller financing on investment property
Answer: no down payment required
,◉ Payment made from Real Estate Recovery Fund
Answer: License suspended till reimbursed and interest
◉ Guilty of violation of rules of FREC
Answer: reprimand, suspension, revocation
◉ Murder-suicide occurred in house
Answer: not a material fact for disclosure
◉ Brokerage partnership- all provide Real estate service
Answer: All partners licensed as a active broker
◉ Real Estate Brokerage Sign
Answer: name of broker plus "licensed real estate broker"
◉ License expired on March 31st- no action
Answer: Status of April 1st - involuntary inactive
◉ FI and federal telephone solicitations
Answer: not permitted prior to 8 am/after 9 pm
◉ Restricted amount of yearly tax increase
, Answer: Save our Homes Act
◉ A fence over a property line of another
Answer: Encroachment
◉ Indicator for stability in residential area
Answer: vacancy rate
◉ contractor builds to owner's specifications
Answer: custom building
◉ FREC adopts rules and regulations
Answer: Quasi-legislative power
◉ Statute of Frauds
Answer: must be in writing to be enforceable
◉ appraiser's term "price"
Answer: the amount received in a transaction
◉ Prima facie evidence in court
Answer: Possession of current & valid license
