FL REAL ESTATE CLASS EXAM 80 EXAM QUESTIONS
& CORRECT ANSWERS LATEST 2025
Government group charged with the record keeping services of real estate? -
ANSWER-Division of Real Estate
City acquires a 10' strip of land on a home owners property for a public walking
space. The home owner is not effected and can use the land. Is the home owner
eligible for compensation? - ANSWER-Yes, the city is using its power of Eminent
Domain.
Repairing the roof, replacing lighting, cleaning gutters on an apt are considered by
the property manager to be part of the job, this is known as? - ANSWER-Proper
Maintenance and is required
The city is replacing all the streets curbs and gutters. Home owners are charged
with a special assessment tax. Kyle has a 120' lot. Cost is $90 per foot. The city
pays 25%. How much will Kyle pay? - ANSWER-$8100
Broker Bill takes his Broker course and passes it. He applies and gets his license on
time. He pays all his fees and begins to work. ( He does not have a 4 year degree
in real estate ). He does not know what course to take to renew his license for the
1st time. What must Broker Bill do? - ANSWER-60 hour post license course
System that uses measurements, monuments, compass readings, and POB is
called? - ANSWER-Metes and Bounds
,Ken represented John in the sale of a home. Sale went well and closed on time.
Later, John discovered that Ken told the buyer that John was willing to take a
lower price to speed up the sale of the home and that Ken told the buyer a
specific price. Which describes the situation? - ANSWER-Ken, the agent, violated
the law of agency
Steve is interested in learning how to become a single agent business broker. He
needs to know the steps in selling a business. What is not a step in a business
sale? - ANSWER-Represent the buyer and obtain a purchase agreement.
A legal description of real property should be complete enough so that a
reasonably competent: - ANSWER-Surveyor can find it.
The Florida Real Estate Commission (FREC) was organized in 1926. It has 7
members who are appointed by the Governor and approved by the Senate. It's
primary purpose is: - ANSWER-Provide licensing requirements for brokers and
sales associates
A broker from Nebraska wants a license in Florida. He takes a written exam of 40
questions and passes 35 of them. The broker has taken advantage of the written
agreements between the states for real estate licensing. This is an example of? -
ANSWER-Mutual Recognition
John is considering purchasing a commercial building. His accountant is working
with him to determine the property's value to John. The initial cost of an
investment property plus the cost of any additional improvements less qualified
deductions represents the? - ANSWER-Adjusted Basis
, Jim Jones, the landlord, rents property to Tom Smith, a handicap person. Mr.
Jones gives Mr Smith permission to modify the home to suit his needs. When the
lease expires, Mr. Smith will NOT be required to? - ANSWER-Restore the wide
door ways that were installed for his wheelchair to their original size.
A very important person bought a home at Lake Geneva, WI. He purchased a
home and in the mortgage he also included the boat, dock, and boat house. What
type of mortgage did this important person have? - ANSWER-Package mortgage
Justin is an unlicensed person and he has been appointed a trustee of a special
needs trust for his nephew. The trust will be funded by the sale of the property of
his brother. Justin lists, sells, and puts the money into the trust as required. What
best describes this situation? - ANSWER-Justin cannot take any money for selling
the home since this would be compensation and he would need a license to do
this
The Federal Housing Administration (FHA) insures loans for lenders of real
property. What is FALSE about FHA loans? - ANSWER-The buyer does NOT have to
make a down payment. (FHA has a min of 3.5% down)
A notice of compliance may be issued for a first time minor offense or minor
violation. Who can issue this notice? - ANSWER-The DBPR Investigator
A developer is considering building a community for Senior Citizens. He sets up a
building that is occupied only by tenants 62 yrs or older. HE designs his
community with barrier free access and advertises to older people in retirement
magazines. A niece of one of the owners requests to move in with her 2 kids and
live with her aunt in the building. Can the homeowners and developers refuse to
let her move in? - ANSWER-The Developer may discriminate against the children
& CORRECT ANSWERS LATEST 2025
Government group charged with the record keeping services of real estate? -
ANSWER-Division of Real Estate
City acquires a 10' strip of land on a home owners property for a public walking
space. The home owner is not effected and can use the land. Is the home owner
eligible for compensation? - ANSWER-Yes, the city is using its power of Eminent
Domain.
Repairing the roof, replacing lighting, cleaning gutters on an apt are considered by
the property manager to be part of the job, this is known as? - ANSWER-Proper
Maintenance and is required
The city is replacing all the streets curbs and gutters. Home owners are charged
with a special assessment tax. Kyle has a 120' lot. Cost is $90 per foot. The city
pays 25%. How much will Kyle pay? - ANSWER-$8100
Broker Bill takes his Broker course and passes it. He applies and gets his license on
time. He pays all his fees and begins to work. ( He does not have a 4 year degree
in real estate ). He does not know what course to take to renew his license for the
1st time. What must Broker Bill do? - ANSWER-60 hour post license course
System that uses measurements, monuments, compass readings, and POB is
called? - ANSWER-Metes and Bounds
,Ken represented John in the sale of a home. Sale went well and closed on time.
Later, John discovered that Ken told the buyer that John was willing to take a
lower price to speed up the sale of the home and that Ken told the buyer a
specific price. Which describes the situation? - ANSWER-Ken, the agent, violated
the law of agency
Steve is interested in learning how to become a single agent business broker. He
needs to know the steps in selling a business. What is not a step in a business
sale? - ANSWER-Represent the buyer and obtain a purchase agreement.
A legal description of real property should be complete enough so that a
reasonably competent: - ANSWER-Surveyor can find it.
The Florida Real Estate Commission (FREC) was organized in 1926. It has 7
members who are appointed by the Governor and approved by the Senate. It's
primary purpose is: - ANSWER-Provide licensing requirements for brokers and
sales associates
A broker from Nebraska wants a license in Florida. He takes a written exam of 40
questions and passes 35 of them. The broker has taken advantage of the written
agreements between the states for real estate licensing. This is an example of? -
ANSWER-Mutual Recognition
John is considering purchasing a commercial building. His accountant is working
with him to determine the property's value to John. The initial cost of an
investment property plus the cost of any additional improvements less qualified
deductions represents the? - ANSWER-Adjusted Basis
, Jim Jones, the landlord, rents property to Tom Smith, a handicap person. Mr.
Jones gives Mr Smith permission to modify the home to suit his needs. When the
lease expires, Mr. Smith will NOT be required to? - ANSWER-Restore the wide
door ways that were installed for his wheelchair to their original size.
A very important person bought a home at Lake Geneva, WI. He purchased a
home and in the mortgage he also included the boat, dock, and boat house. What
type of mortgage did this important person have? - ANSWER-Package mortgage
Justin is an unlicensed person and he has been appointed a trustee of a special
needs trust for his nephew. The trust will be funded by the sale of the property of
his brother. Justin lists, sells, and puts the money into the trust as required. What
best describes this situation? - ANSWER-Justin cannot take any money for selling
the home since this would be compensation and he would need a license to do
this
The Federal Housing Administration (FHA) insures loans for lenders of real
property. What is FALSE about FHA loans? - ANSWER-The buyer does NOT have to
make a down payment. (FHA has a min of 3.5% down)
A notice of compliance may be issued for a first time minor offense or minor
violation. Who can issue this notice? - ANSWER-The DBPR Investigator
A developer is considering building a community for Senior Citizens. He sets up a
building that is occupied only by tenants 62 yrs or older. HE designs his
community with barrier free access and advertises to older people in retirement
magazines. A niece of one of the owners requests to move in with her 2 kids and
live with her aunt in the building. Can the homeowners and developers refuse to
let her move in? - ANSWER-The Developer may discriminate against the children
