Florida Real Estate Class Final Exam 202
5- 2026 Florida
Real EstateClass Exam Update Latest Questions and
100% Correct.
A BusinessBroker- ANSWER -Specializesin thesale,purchaseor leaseof businesses.Is required to have
a real estate license and may be licensed as a real estate broker
salesor
associate
Follow-Up is - ANSWER -Keepingin contactwith thenewowneraftertheclosing of thesale
A builderconstructsa houseon an owner'slot accordingto theowner'splansand specifications. This is
called- ANSWER -Custom Building
A builder purchases several vacant lots in an established residential subdivision.
builder
The constructs
housesw/ohaving secureda buyerin advanceof theconstructionof each home and advertises them for
sale to prospective buyers. This is which typeresidential
of construction?
- ANSWER -Spec Building
What is exemptfrom Real EstatelicensureunderChapter475?- ANSWER -1. StraightSalary .
2. A personwho sellscemeterylots for a commission.3. Court jurisdiction.
4. Rentingof a mobil homelot in a mobil homepark
Otherexemptionsfrom licensureinclude- ANSWER -1. For Saleby Owner
2. Ownerof a Timeshareperiodwho offersthepropertyfor resale.
3. A leasingagentof an apt.complexif theyaresalaried,work in an onsiterentalofficeand work in a
leasing capacity.
4. A managerof a condoand Co-op if employedfor a salaryand rentis for periodsno greater than 1
yr.
5. An Attorney-in-Fact (Powerof Attorney)
6. An Attorney-at-Law whenactingin thescopeof his or her dutiesas an attorney.Not receiving any
compensation for a sale.
7. A decedent(personalrepresentative)whenappointedby thecourt.
8. A personsellingentitieslicensedby theFCC (radio, TV or cableenterprises)
9. A personsellingpersonalproperty.
,A farmer is appointed by the court to appraise the farm land of a deceased neighbor.
The farmerwill be
paid a $3000feefor theappraisal.Is he exemptfrom Chapter475?- ANSWER -Yes because he was
appointed by the courts.
A sales assoc employs an unlicensed assistant. The licensee prepares a fact sheet
all offor
her listings.
The sales assoc instructs her assistant to drive a prospective
purchaserby severallistedproperties.When
questionedabouta particularproperty,theassistant reads information from the fact sheet. The prospect
decides to buy after the
assistant showed her the interior of the last property. Have one or the other or
bothviolated Chapter 475? - ANSWER -Both violated the license law when the assistant entered the
property to show it.
Under FREC rules,a Fla residentis a personwho has - ANSWER -residedin Fla for at least 4 mos within
the preceding year.
Tom intends to make application to become a Fla real estate sales associate. He
have
must
a Social
Securitynumber,a high schooldiploma,beover18, and be competentto negotiate. What is not
required?- ANSWER -To be a US Citizen
Mary has a 4 yeardegreein realestate.Mary muststill attendthepre-licensingcourseand post-licensing
education. What class is she exempt from?
- ANSWER -Continuing Education
If a Florida licensee becomes a non
-resident of Florida, he or she must
- ANSWER - notifytheBPR
within 10 daysand file an "irrevocableconsentto service"within 60 days
If a real estate licensee moves to Florida from another state and wants to obtain
Sales
a Fla
Assoc license
based on Mutual Recognition, the licensee must- ANSWER - completethe63-hour salesassocpre-
licensingcourseand passtheFla licenseexam.
To obtaina broker'slicense,theapplicantmusthave- ANSWER -1. Satisfactorilycompleted the 72 hr
broker course.
2. beenan Active SalesAssoc for at least24 months.
What information isrequiredto be disclosedon an applicationfor RE licensure?- ANSWER -1.
If you've ever been convicted of a crime.
2. Entereda pleaof nolo contendere,regardlessof adjudicaton.
3. Any violationof thelaw (excepttrafficviolations,speedingtickets,etc)
What doesNOT haveto bedisclosedon an applicationfor RE licensure?- ANSWER - Personal
Bankruptcy
If a developerowns3 subdivisionsin thenamesof 3 differententities.A salesassocor broker assoc may
be employed by the owner -developer on a commission basis to sell
lots in the 3 subdivisions if the assoc
is issued what type of license?
- ANSWER -A Group License
,To bea brokerfor severalrealestatebrokeragecompanies,you mustbe issuedwhattype of license?-
ANSWER -Multiple Broker licenses (one for each company)
If a real estate licensee fails to renew her license at the end of the biennial period,
renewalwhatwill
happento thelicense?- ANSWER -It revertsto an involuntaryinactivestatus
If Mary's initial license was issue on Feb 6, 2011,what is the expiration dateon her license? -
ANSWER -September30, 2012.(Licensesarerenewedon March31 and September 30 every year)
If a RE licenseebecomesa memberof theUS Armed Forcesand is not engagedin thepractice of RE in
the private sector, what is the status of his license?
- ANSWER -It is kept in good standing while he is on
active duty and for a period of 6 mos afterdischarge
his from active duty.
What happensif a licenseechangeslastnameor mailing address?- ANSWER -Must notify BPR within
10 days of the change
If a realestatebroker'slicenseis suspendedfor 6 mos for a violationof licenselaw,the licenses of the
sales assoc registered with the broker with become what? - ANSWER - Involuntary Inactive
Which powergivestheFla Real EstateCommission(FREC) theauthorityto regulateand enforce real
estate license law?
- ANSWER -The Executive Power
What is theBPR? - ANSWER -Dept of Businessand ProfessionalRegulation
Who is theSecretaryof theBPR appointedby? - ANSWER -Appointedby theGovernorand confirmed
by the Senate
What is thepurposeof Laws? - ANSWER -To protectthepublic
What is theDRE? - ANSWER -The Division of Real Estate
Who is the Director of the DRE appointed by?
- ANSWER -The DRE is a division withintheBPR. The
Directoris appointedby theSecretaryof theBPR and subjectto approvalby the Commission
What is FREC? - ANSWER -Florida Real EstateCommission
What aretheprimarypowersand dutiesof FREC? - ANSWER -Adopt Rules and Discipline Licensees
who violate chapter 475.
How many membersdoesFREC consistof? - ANSWER -7 members:
, 4 must be brokers who have held a license for 5 years. 1 must be a broker assoc
salesassoc
or who has
held a licensefor 2 years.2 mustbe lay members whohaveneverheld a license. At least 1 member must
be 60 years old.
Who arethemembersof FREC appointedby? - ANSWER -Appointedby theGovernorand confirmed
by the Senate
Are FREC memberssalariedemployeesof theBPR? - ANSWER -No. theyarecompensated $50/day
when on official business
FREC's Quasi LegislativePowerdoeswhat?- ANSWER -AdoptsRules
FREC's Quasi Judicial Powerdoeswhat?- ANSWER -DSRF - Deny, Suspend,Revokeand Fine ($5000)
licensees
If FREC advertisesa public hearingto considera rule change,who can go? - ANSWER -
Anyone effected by the change but NOT the general public.
Can FREC imposeAdministrativepenalties?- ANSWER -Yes
Can FREC imposeCriminal penalties?- ANSWER -No. theymustbereportedto thestate attorney's
office.
Can FREC imposeCivil penalties?- ANSWER -No. theymustbe imposedby a Court of Equity. These
include financial damages to a plaintiff, injuries or the return of aestate
real commission
Can FREC ordera licenseeto makerestitutionwhendamagingthepublic? - ANSWER - No. that would
be a Civil penalty and must be imposed by a Court of Equity
.
What doestheFREC handbookcontain?- ANSWER -1. Chapter475
2. Rules of theCommission
3. Other lawsapplicableto theRE profession
What arethe3 formsof brokeragerelationships?- ANSWER -1. Single Agency
2. TransactionAgency
3. No Brokerage
What is FLOC? - ANSWER -F - Full DisclosureL -
Loyalty
O - Obediance
C - Confidentiality
When do you haveto discloseto someoneif your aregoing to bea Single Agent,No Brokerage or
5- 2026 Florida
Real EstateClass Exam Update Latest Questions and
100% Correct.
A BusinessBroker- ANSWER -Specializesin thesale,purchaseor leaseof businesses.Is required to have
a real estate license and may be licensed as a real estate broker
salesor
associate
Follow-Up is - ANSWER -Keepingin contactwith thenewowneraftertheclosing of thesale
A builderconstructsa houseon an owner'slot accordingto theowner'splansand specifications. This is
called- ANSWER -Custom Building
A builder purchases several vacant lots in an established residential subdivision.
builder
The constructs
housesw/ohaving secureda buyerin advanceof theconstructionof each home and advertises them for
sale to prospective buyers. This is which typeresidential
of construction?
- ANSWER -Spec Building
What is exemptfrom Real EstatelicensureunderChapter475?- ANSWER -1. StraightSalary .
2. A personwho sellscemeterylots for a commission.3. Court jurisdiction.
4. Rentingof a mobil homelot in a mobil homepark
Otherexemptionsfrom licensureinclude- ANSWER -1. For Saleby Owner
2. Ownerof a Timeshareperiodwho offersthepropertyfor resale.
3. A leasingagentof an apt.complexif theyaresalaried,work in an onsiterentalofficeand work in a
leasing capacity.
4. A managerof a condoand Co-op if employedfor a salaryand rentis for periodsno greater than 1
yr.
5. An Attorney-in-Fact (Powerof Attorney)
6. An Attorney-at-Law whenactingin thescopeof his or her dutiesas an attorney.Not receiving any
compensation for a sale.
7. A decedent(personalrepresentative)whenappointedby thecourt.
8. A personsellingentitieslicensedby theFCC (radio, TV or cableenterprises)
9. A personsellingpersonalproperty.
,A farmer is appointed by the court to appraise the farm land of a deceased neighbor.
The farmerwill be
paid a $3000feefor theappraisal.Is he exemptfrom Chapter475?- ANSWER -Yes because he was
appointed by the courts.
A sales assoc employs an unlicensed assistant. The licensee prepares a fact sheet
all offor
her listings.
The sales assoc instructs her assistant to drive a prospective
purchaserby severallistedproperties.When
questionedabouta particularproperty,theassistant reads information from the fact sheet. The prospect
decides to buy after the
assistant showed her the interior of the last property. Have one or the other or
bothviolated Chapter 475? - ANSWER -Both violated the license law when the assistant entered the
property to show it.
Under FREC rules,a Fla residentis a personwho has - ANSWER -residedin Fla for at least 4 mos within
the preceding year.
Tom intends to make application to become a Fla real estate sales associate. He
have
must
a Social
Securitynumber,a high schooldiploma,beover18, and be competentto negotiate. What is not
required?- ANSWER -To be a US Citizen
Mary has a 4 yeardegreein realestate.Mary muststill attendthepre-licensingcourseand post-licensing
education. What class is she exempt from?
- ANSWER -Continuing Education
If a Florida licensee becomes a non
-resident of Florida, he or she must
- ANSWER - notifytheBPR
within 10 daysand file an "irrevocableconsentto service"within 60 days
If a real estate licensee moves to Florida from another state and wants to obtain
Sales
a Fla
Assoc license
based on Mutual Recognition, the licensee must- ANSWER - completethe63-hour salesassocpre-
licensingcourseand passtheFla licenseexam.
To obtaina broker'slicense,theapplicantmusthave- ANSWER -1. Satisfactorilycompleted the 72 hr
broker course.
2. beenan Active SalesAssoc for at least24 months.
What information isrequiredto be disclosedon an applicationfor RE licensure?- ANSWER -1.
If you've ever been convicted of a crime.
2. Entereda pleaof nolo contendere,regardlessof adjudicaton.
3. Any violationof thelaw (excepttrafficviolations,speedingtickets,etc)
What doesNOT haveto bedisclosedon an applicationfor RE licensure?- ANSWER - Personal
Bankruptcy
If a developerowns3 subdivisionsin thenamesof 3 differententities.A salesassocor broker assoc may
be employed by the owner -developer on a commission basis to sell
lots in the 3 subdivisions if the assoc
is issued what type of license?
- ANSWER -A Group License
,To bea brokerfor severalrealestatebrokeragecompanies,you mustbe issuedwhattype of license?-
ANSWER -Multiple Broker licenses (one for each company)
If a real estate licensee fails to renew her license at the end of the biennial period,
renewalwhatwill
happento thelicense?- ANSWER -It revertsto an involuntaryinactivestatus
If Mary's initial license was issue on Feb 6, 2011,what is the expiration dateon her license? -
ANSWER -September30, 2012.(Licensesarerenewedon March31 and September 30 every year)
If a RE licenseebecomesa memberof theUS Armed Forcesand is not engagedin thepractice of RE in
the private sector, what is the status of his license?
- ANSWER -It is kept in good standing while he is on
active duty and for a period of 6 mos afterdischarge
his from active duty.
What happensif a licenseechangeslastnameor mailing address?- ANSWER -Must notify BPR within
10 days of the change
If a realestatebroker'slicenseis suspendedfor 6 mos for a violationof licenselaw,the licenses of the
sales assoc registered with the broker with become what? - ANSWER - Involuntary Inactive
Which powergivestheFla Real EstateCommission(FREC) theauthorityto regulateand enforce real
estate license law?
- ANSWER -The Executive Power
What is theBPR? - ANSWER -Dept of Businessand ProfessionalRegulation
Who is theSecretaryof theBPR appointedby? - ANSWER -Appointedby theGovernorand confirmed
by the Senate
What is thepurposeof Laws? - ANSWER -To protectthepublic
What is theDRE? - ANSWER -The Division of Real Estate
Who is the Director of the DRE appointed by?
- ANSWER -The DRE is a division withintheBPR. The
Directoris appointedby theSecretaryof theBPR and subjectto approvalby the Commission
What is FREC? - ANSWER -Florida Real EstateCommission
What aretheprimarypowersand dutiesof FREC? - ANSWER -Adopt Rules and Discipline Licensees
who violate chapter 475.
How many membersdoesFREC consistof? - ANSWER -7 members:
, 4 must be brokers who have held a license for 5 years. 1 must be a broker assoc
salesassoc
or who has
held a licensefor 2 years.2 mustbe lay members whohaveneverheld a license. At least 1 member must
be 60 years old.
Who arethemembersof FREC appointedby? - ANSWER -Appointedby theGovernorand confirmed
by the Senate
Are FREC memberssalariedemployeesof theBPR? - ANSWER -No. theyarecompensated $50/day
when on official business
FREC's Quasi LegislativePowerdoeswhat?- ANSWER -AdoptsRules
FREC's Quasi Judicial Powerdoeswhat?- ANSWER -DSRF - Deny, Suspend,Revokeand Fine ($5000)
licensees
If FREC advertisesa public hearingto considera rule change,who can go? - ANSWER -
Anyone effected by the change but NOT the general public.
Can FREC imposeAdministrativepenalties?- ANSWER -Yes
Can FREC imposeCriminal penalties?- ANSWER -No. theymustbereportedto thestate attorney's
office.
Can FREC imposeCivil penalties?- ANSWER -No. theymustbe imposedby a Court of Equity. These
include financial damages to a plaintiff, injuries or the return of aestate
real commission
Can FREC ordera licenseeto makerestitutionwhendamagingthepublic? - ANSWER - No. that would
be a Civil penalty and must be imposed by a Court of Equity
.
What doestheFREC handbookcontain?- ANSWER -1. Chapter475
2. Rules of theCommission
3. Other lawsapplicableto theRE profession
What arethe3 formsof brokeragerelationships?- ANSWER -1. Single Agency
2. TransactionAgency
3. No Brokerage
What is FLOC? - ANSWER -F - Full DisclosureL -
Loyalty
O - Obediance
C - Confidentiality
When do you haveto discloseto someoneif your aregoing to bea Single Agent,No Brokerage or
