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FLORIDA Real Estate Exam- Sample Certification Question and Answers [100% Accurate] 2025 Version!! $9.57
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FLORIDA Real Estate Exam- Sample Certification Question and Answers [100% Accurate] 2025 Version!!

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FLORIDA Real Estate Exam- Sample Certification Question and Answers [100% Accurate] 2025 Version!! Which of the following statements accurately describes the role of a broker in a Florida real estate transaction? A. A broker is responsible for setting the purchase price of the property ...

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  • December 8, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • florida real estate exam sample certification qu

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  • Real Estate
  • Real Estate

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FLORIDA Real Estate Exam- Sample
Certification Question and Answers
[100% Accurate] 2025 Version!!
Which of the following statements accurately describes the role of a broker in a Florida real estate
transaction?

A. A broker is responsible for setting the purchase price of the property

B. A broker is responsible for managing the transaction and ensuring compliance with state laws

C. A broker can provide legal advice in a real estate transaction

D. A broker has the authority to determine a buyer’s loan eligibility



When a Florida real estate licensee violates the Florida Real Estate Commission’s rules, what action can
FREC take?

A. FREC can impose fines but cannot suspend or revoke a license

B. FREC can only suspend a license but not revoke it

C. FREC can take action only after a court conviction

D. FREC can suspend or revoke a license and impose fines



In Florida, a sales associate must complete how many hours of continuing education every license cycle
to maintain their real estate license?

A. 10 hours

B. 14 hours

C. 20 hours

D. 30 hours



Which of the following is true regarding the required elements of a valid contract for the sale of real
property in Florida?

A. The contract must contain a lawful objective, mutual consent, and consideration

B. The contract must be signed by both parties to be enforceable


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,C. The contract must be notarized for it to be binding

D. The contract must be executed within 30 days of the offer



Which of the following is true regarding dual agency in Florida?

A. Dual agency is permitted if both parties agree in writing

B. Dual agency is illegal in Florida under all circumstances

C. Dual agency is prohibited in Florida, as it creates a conflict of interest

D. Dual agency is allowed if the broker discloses it but does not receive compensation from both parties



In Florida, how long does a broker have to deposit escrow funds into an escrow account after receiving
them?

A. 1 business day

B. 3 business days

C. 5 business days

D. 7 business days



Which of the following situations requires a real estate licensee to provide a written agency disclosure in
Florida?

A. When a buyer expresses interest in making an offer

B. When a seller agrees to list a property with an agent

C. When the transaction is under contract

D. When the licensee first communicates with a party regarding the specifics of a transaction



Under Florida’s homestead law, which of the following would exempt a property owner from creditor
claims in case of bankruptcy?

A. The property must be located on less than 1 acre in an urban area

B. The property must have a value that exceeds $500,000

C. The property must be the owner’s primary residence and fall within the statutory acreage limits

D. The property must be a single-family home with no mortgage



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, Which of the following must be disclosed by a seller in Florida when selling a property?

A. Whether the property has a mortgage

B. The buyer’s financial condition

C. The buyer’s intention to resell the property

D. Any material defects in the property that are known to the seller



What is the maximum amount of time that a real estate licensee in Florida can work as a sales associate
for a broker without completing post-licensing education?

A. 12 months

B. 18 months

C. 24 months

D. 36 months



Which of the following best describes the concept of "fair market value" in a Florida real estate
transaction?

A. The amount a buyer is willing to pay for the property

B. The amount a seller is asking for the property

C. The appraised value determined by the seller’s agent

D. The price at which a property would sell in an open market between willing buyers and sellers,
with neither party under duress



In Florida, when must a broker maintain a transaction file for a real estate transaction?

A. For 2 years after the closing

B. For 5 years after the closing

C. For 5 years after the transaction, whether the deal closed or not

D. For 3 years after the closing, but only if the transaction involves a mortgage



Which of the following is the proper procedure for handling multiple offers on a property in Florida?

A. The listing agent must present all offers in order of submission



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