Florida Real Estate Exam
FLORIDA REAL ESTATE EXAM NEWEST 2025/2026 COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |BRAND NEW VERSION!!
A sales associate receives an earnest money deposit on Wednesday morning and
turns it over to the broker that afternoon. Assuming no legal holidays are involved,
the
broker has until the end of business on which day to place the earnest money in
escrow?
A. Thursday
B. Friday
C. Monday of the next week
D. The day the sale contract is executed - Correct Answer-C. Monday of the next
week
Which phrase, when used in credit advertising, is NOT considered to "trigger
term" under the Truth-in-Lending Act?
A. "Owner will finance"
B. "Just one percent down"
C. "$500 down is all it"
D."Only $600 per month" - Correct Answer-A. "Owner will finance"
A DBPR investigator has the authority to immediately issue
A. a citation.
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, Florida Real Estate Exam
B. probation.
C. an administrative fine.
D. a stipulation. - Correct Answer-A. a citation.
The FREC is NOT empowered to
A. make determinations of violations for Chapter 475, Florida Statutes.
B. promulgate rules and regulations.
C. impose imprisonment for a second-degree misdemeanor.
D. establish licensing fees used to implement license law. - Correct Answer-C.
impose imprisonment for a second-degree misdemeanor.
A contractor builds homes on several vacant lots in an established subdivision of
12- to
20-year-old homes. The contractor advertises the homes for sale to prospective
buyers. What type of residential construction is this?
A. Spec homes
B. Tract homes
C. Custom homes
D. Development homes - Correct Answer-A. Spec homes
Which item is entered on the closing statement as a credit to the seller?
A. Assumed mortgage
B. Total purchase price
C. Prorated advance rent
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, Florida Real Estate Exam
D. Mortgagee's title insurance policy on new mortgage - Correct Answer-B. Total
purchase price
Which contract would be considered a residential transaction under Florida
Statute
475?
A. Contract to auction a single-family dwelling
B. Lease agreement for a residential apartment
C. Sale and purchase contract of a residential duplex
D. Contract with a lending institution to appraise residential property - Correct
Answer-C. Sale and purchase contract of a residential duplex
Ten years ago a vacant lot in a subdivision was purchased for $30,500. The owner
hired a general contractor to build a home on the lot. The contractor charged
$375,000.
The homeowner is planning to refinance the mortgage. The bank recently
appraised
the home at $410,000. What is value of the property?
A. $30,500
B. $375,000
C. $405,500
D. $410,000 - Correct Answer-D. $410,000
A contractor purchased twelve boxes of ceramic tile from the local tile supply
company.
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, Florida Real Estate Exam
What type of property is the ceramic tile before it is installed?
A. Personal property
B. Real property
C. Trade fixture
D. Fixture - Correct Answer-A. Personal property
Which government-owned entity guarantees mortgage-backed securities that
carry the
full faith and credit guarantee of the US government?
A. Fannie Mae
B. Ginnie Mae
C. Freddie Mac
D. Federal Housing Administration - Correct Answer-B. Ginnie Mae
When a consumer files a complaint against a real estate licensee that contains
facts
indicating that a violation of rules of the Florida Real Estate Commission has
occurred, the
complaint is said to be
A. effective.
B. informal.
C. legally sufficient.
D. caveat emptor. - Correct Answer-C. legally sufficient.
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FLORIDA REAL ESTATE EXAM NEWEST 2025/2026 COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |BRAND NEW VERSION!!
A sales associate receives an earnest money deposit on Wednesday morning and
turns it over to the broker that afternoon. Assuming no legal holidays are involved,
the
broker has until the end of business on which day to place the earnest money in
escrow?
A. Thursday
B. Friday
C. Monday of the next week
D. The day the sale contract is executed - Correct Answer-C. Monday of the next
week
Which phrase, when used in credit advertising, is NOT considered to "trigger
term" under the Truth-in-Lending Act?
A. "Owner will finance"
B. "Just one percent down"
C. "$500 down is all it"
D."Only $600 per month" - Correct Answer-A. "Owner will finance"
A DBPR investigator has the authority to immediately issue
A. a citation.
1|Page
, Florida Real Estate Exam
B. probation.
C. an administrative fine.
D. a stipulation. - Correct Answer-A. a citation.
The FREC is NOT empowered to
A. make determinations of violations for Chapter 475, Florida Statutes.
B. promulgate rules and regulations.
C. impose imprisonment for a second-degree misdemeanor.
D. establish licensing fees used to implement license law. - Correct Answer-C.
impose imprisonment for a second-degree misdemeanor.
A contractor builds homes on several vacant lots in an established subdivision of
12- to
20-year-old homes. The contractor advertises the homes for sale to prospective
buyers. What type of residential construction is this?
A. Spec homes
B. Tract homes
C. Custom homes
D. Development homes - Correct Answer-A. Spec homes
Which item is entered on the closing statement as a credit to the seller?
A. Assumed mortgage
B. Total purchase price
C. Prorated advance rent
2|Page
, Florida Real Estate Exam
D. Mortgagee's title insurance policy on new mortgage - Correct Answer-B. Total
purchase price
Which contract would be considered a residential transaction under Florida
Statute
475?
A. Contract to auction a single-family dwelling
B. Lease agreement for a residential apartment
C. Sale and purchase contract of a residential duplex
D. Contract with a lending institution to appraise residential property - Correct
Answer-C. Sale and purchase contract of a residential duplex
Ten years ago a vacant lot in a subdivision was purchased for $30,500. The owner
hired a general contractor to build a home on the lot. The contractor charged
$375,000.
The homeowner is planning to refinance the mortgage. The bank recently
appraised
the home at $410,000. What is value of the property?
A. $30,500
B. $375,000
C. $405,500
D. $410,000 - Correct Answer-D. $410,000
A contractor purchased twelve boxes of ceramic tile from the local tile supply
company.
3|Page
, Florida Real Estate Exam
What type of property is the ceramic tile before it is installed?
A. Personal property
B. Real property
C. Trade fixture
D. Fixture - Correct Answer-A. Personal property
Which government-owned entity guarantees mortgage-backed securities that
carry the
full faith and credit guarantee of the US government?
A. Fannie Mae
B. Ginnie Mae
C. Freddie Mac
D. Federal Housing Administration - Correct Answer-B. Ginnie Mae
When a consumer files a complaint against a real estate licensee that contains
facts
indicating that a violation of rules of the Florida Real Estate Commission has
occurred, the
complaint is said to be
A. effective.
B. informal.
C. legally sufficient.
D. caveat emptor. - Correct Answer-C. legally sufficient.
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