FL PRACTICE EXAM QUESTIONS &
ANSWERS (2025 UPDATED)
SellerRRomeoRandRBuyerRJulietRhaveRfinallyRagreedRinRprincipleR toRallR theRconditionsRandRt
ermsRofRaRsalesRcontractRforRRomeo'sRpalatialRpad.RForRaRwhileRthere,RitRappearedRthatRJu
liet'sRrequestRforRanRinclusionRofRaRmother-in-lawRsuitR wasRgoingRtoRbeRaRdeal-
breakerRsinceRJulietRsaidRitRwasRaRhillRsheRwasRwillingRtoRdieRon.RBut,RonceRtheyRsettledRth
atRpointRofRcontention,ReverythingRelseRfellRintoRplace.
EvaluateRtheRscenario,RandRchooseRtheRessentialRelementRofRaRcontractRthatRisRbeingRillus
tratedRtheRmost.R-RCORRECTRANSWER-OfferRanRAcceptance
RomeoRandRJulietRareRinRtheRblissfulRcontractualRconditionRknownRasR"offerRandRacceptan
ce"RorR"theRmeetingRofRtheRminds,"RwhichRsimplyRmeansRthatRallRtheR termsRandRconditions
RneededRforRfullRacceptance RofRtheRofferR haveRbeenRagreed RuponR—
RevenRifRitRtookRsomeRback-n-forthRofRoffersRandRcounteroffersRtoRgetR there.
Candi RoffersRrentalRinformationRforRaRfee.RSheRdoesRsoRcasuallyRandR usuallyRdoesRnotRpro
videRpeopleRwithRaRreceipt.RCandi:R-RCORRECTRANSWER-
isRlegallyRobligatedRtoRprovideRaRreceipt
SalesRassociatesRwhoRofferRrentalRinformationR forRaRfeeRneedRtoRprovideRaRreceipt.
EvaluateRwhichRofRtheseRpropertiesRisRtheRLEASTRliquid.R-RCORRECTRANSWER-
aRfourRmillionRsquareRfootRmixed-usedRupscaleRretail/residentialRcenter
TheRretailRcenterRisRtheRleastRliquidRbecauseRitRisRtheRbiggest,RmostRexpensive,RandRmostR
specializedRproperty.
InRaRcontractRforRdeed,RwhatRdoesRtheRbuyerRreceiveR(untilRtheyRpayRoffRtheRentireRloan)?R-
RCORRECTRANSWER-equitable Rtitle
TheRbuyerRreceivesRequitableRtitleR untilRtheyRpayR theirRfinalRinstallmentRtoRtheRbuyer.R Then
RtheyRgetRtheRlegalRtitle.
WhenRBuyerRJoeyRexpressesRinterestRinR lookingRatRaRparticularRproperty,RSalesRAssociat
eRBillRtoldRJoeyRthat,RifRheRwantedRBillR toRcontinueRtoRrepresentR him,RtheyRwouldR needRtoRtr
ansitionRfromRaRsingleRagentRrelationshipRtoRaRtransactionRbrokerRrelationship.
AnalyzeRtheRinformationRprovidedRandRchooseRtheRanswerRthatRmostRlikelyRexplainsRwhyR
BillRsaidRthis.R-RCORRECTRANSWER-SellerRisRrepresentedRbyRBillsRbrokerage
,SinceRBillRusedRtheRtermR"represent," RthereRareRonlyR twoRauthorizedRbrokerageRrelationsh
ipsRheRcouldRhaveRbeenRtalkingRabout:RtransactionRbrokerRorRsingleRagent.R(NoRbrokerage
Rrelationship RareRrelationshipsRofRnonrepresentation.)RAndRsinceRBillRsaidRheRwouldR"need
"RtoRoperateRasRaRtransactionRbroker,RthatRmeantRthatRaRsingleRagentRrelationshipRwasRnot
Rpossible RwithRrespectRtoRthatRparticularRproperty.RFromRallRofRthis,R youRcanRdeduceR thatRt
heRsellerRisRrepresentedRbyRBill'sRbrokerageRandRthisRmustRbeRhandledRasRanRin-
houseRtransaction.RIfRbothRpartiesRareRtoRanRin-
houseRtransactionRareRtoRbeRrepresented,RtheyR willRbeRinRtransactionRbrokerRrelationships
.
BruceRtookRoutRanRamortizedRloanRofR$300,000RwithRaR5.2%RinterestRrate.RHisRmonthlyRpa
ymentRisR$1,647.33.RHowRmuchR willR heRpayRinRinterestRonRhisRfirstRmonthlyRpayment?R-
RCORRECTRANSWER-$1,300
5.2%RdividedRbyR$300,000RisR$15,600.RDivideRthatRnumberRbyR12RforRtheRmonthlyRinterest
RpaymentRofR$1,300.
ARtaxRbillRcostR$10,092.RForRprorationRpurposes,RwhatRisRtheRmonthlyR taxRexpense?R-
RCORRECTRANSWER-$841
TheRtaxRbillRneedsRtoRbeRdividedRbyR12,RgivingRyouRaRmonthlyRexpenseRofR$841.
Petunia,RaRsalesRassociate,RnoticesRthatRtheRplumbingRsystemRinRaR homeRisRinRveryRpoorR
condition.RHowever,RduringRaRwalkthroughRwithR theRbuyer,RsheRsays,R"Oh,RtheRwaterRpres
sureRisRlowRallRoverRtownRtoday.RDidn'tR youRseeRitRonRtheR news?RByRtomorrow,Rit'llRbeRfine.
"
PetuniaRhasRcommitted:R-RCORRECTRANSWER-FraudulentRMisrepresentation:
occursRwhenRaRlicenseeRintentionallyRattemptsRtoRpreventRaRbuyerRfromRfindingRoutRaboutR
aRmaterialRfact.RThisRoccursRwhenRaRlicenseeRpurposefullyRconcealsRaRknownRdefect.
FraudulentRMisrepresentation
Omar'sRpropertyRmeasuresR300'RxR217'.RKnowingR this,RhowRmanyRacresRisRtheRlot?R-
RCORRECTRANSWER-
IdentifyRtheRsquareRfootageRofRtheRlandRfirst,RthenRdivideRtheRsquareRfootageRbyR43,560Rfe
et.RTheRlotRisR1.49Racres.
TheRFREC RhasRexecutive,Rquasi-judicial,RandRquasi-
legislativeRpowers.RSelectRtheRFREC RdutyRthatRwouldRbeRcategorizedRasRanRexecutiveRpo
wer.R-RCORRECTRANSWER-
AdministeringRtheRFloridaRRealREstateRCommissionREducationRandRResearchRFoundatio
nRwouldRbeRcategorizedRasRanRexecutiveRpowerRofRtheRFREC.
, ARtenantRisRconsideringRaRtripleRnetRleaseRbutRtheyRdon'tRfullyR understandRwhatRitRentails.R
YouRtellRthemRthey'llRbeRresponsibleRforRseveralRfees,RsuchRas:R-RCORRECTRANSWER-
TripleRnetRmeansRrentRplusRtaxes,Rinsurance,RandRmaintenance.
DoesRaRclientRalwaysRhaveRtheRrightRtoRterminateR(revoke)RanRagencyRrelationshipRagree
mentRatRanyRtimeRwithRaRbroker?R IfRso,RdoesRthisRalsoRmeanRaRclientRcouldRdoRsoRwithoutRl
iability?R-RCORRECTRANSWER-
ARclient'sRrightRtoRterminateR(revoke)RanRagencyRagreementRatRanyR timeRwithRaRbrokerRdo
esRNOTRautomaticallyRreleaseRtheRclientR fromR liabilityRforRdoingRso.RTheRlanguageRofRtheR
contractRwillRlikelyRindicateRunderR whatRconditions,RifRany,RmightRliabilityRforRearlyRclient-
initiatedRterminationRcomeRabout.
MoniqueRisRaRdeveloperRworkingRonRaRnewReventRcenterR forRtheRcity.RWhoRdoesRsheR need
RtoRapprove RtheRsiteRplans?R-RCORRECTRANSWER-
MoniqueRwillRneedRtoRgetRtheRsiteRplanRapprovedRbyR theRcityRplanningRboard.
BuilderRSanjayRcombinedRtwoRadjoiningRparcelsRofRlandRforRhisR newRbuilding;RtheRresultin
gRlotRisRworthRmoreRthanRtheR twoRplotsRseparately.RWhatRdoRassemblageRandRplottageRme
anRinRthisRsituation?R-RCORRECTRANSWER-
AssemblageRisRtheRactRofRcombiningRparcels,RplottageRisRtheRresultingRincreaseRinRvalue.
KarenRisRsellingRherRhouseRandRwantsRtoRreceiveRaRprofitRofRatRleastR$50,000.RSheR hasR$2
10,000RremainingRonRherRmortgage,R$12,000RinRclosingRcosts,RandR willRpayR herRlistingRag
entRaR6%RsaleRcommission.RApproximately,RwhichRisRtheRLEASTRtheR homeRcanRsellRforRinR
orderRtoRnetRtheRprofitRKarenRdesires?R-RCORRECTRANSWER-
UseRtheR"Profit/LossR=RRevenueR-
RNetRCosts" RandR"TotalR=RPartR÷ RPercentage" RformulasRtoRsolveRforRKaren'sRaskingRprice.
ANS:R$288,320RIRthink.
AnRairtight,RweatherproofedRhouseRisRenergyRefficient,RbutRthereRareRpotentialRdrawbacks.
RPredictRtheRincreased RenvironmentalR hazardsRthatRsuchRaR homeRcouldRexperience.R -
RCORRECTRANSWER-
ElevatedRlevelsRofRradonRcouldRgetRtrappedRinside,RandRreducedRairRcirculationRcouldRalso
Rencourage RmoldRgrowth.R
AnRairtight,RweatherproofedRhouseRisRenergyRefficient,RbutRthereRareRpotentialRdrawbacks.
RPredictRtheRincreased RenvironmentalR hazardsRthatRsuchRaR homeRcouldRexperience.
FranRwantsRtoRfileRaRfairRhousingRviolationR withR HUD.R HowR longRdoesRsheRhave,R fromR theR
allegedRviolation?R-RCORRECTRANSWER-OneR Year
HUD RrequiresRthatRtheRcomplaintRbeRfiledRwithinRoneR yearRofR theRallegedR violation.
ANSWERS (2025 UPDATED)
SellerRRomeoRandRBuyerRJulietRhaveRfinallyRagreedRinRprincipleR toRallR theRconditionsRandRt
ermsRofRaRsalesRcontractRforRRomeo'sRpalatialRpad.RForRaRwhileRthere,RitRappearedRthatRJu
liet'sRrequestRforRanRinclusionRofRaRmother-in-lawRsuitR wasRgoingRtoRbeRaRdeal-
breakerRsinceRJulietRsaidRitRwasRaRhillRsheRwasRwillingRtoRdieRon.RBut,RonceRtheyRsettledRth
atRpointRofRcontention,ReverythingRelseRfellRintoRplace.
EvaluateRtheRscenario,RandRchooseRtheRessentialRelementRofRaRcontractRthatRisRbeingRillus
tratedRtheRmost.R-RCORRECTRANSWER-OfferRanRAcceptance
RomeoRandRJulietRareRinRtheRblissfulRcontractualRconditionRknownRasR"offerRandRacceptan
ce"RorR"theRmeetingRofRtheRminds,"RwhichRsimplyRmeansRthatRallRtheR termsRandRconditions
RneededRforRfullRacceptance RofRtheRofferR haveRbeenRagreed RuponR—
RevenRifRitRtookRsomeRback-n-forthRofRoffersRandRcounteroffersRtoRgetR there.
Candi RoffersRrentalRinformationRforRaRfee.RSheRdoesRsoRcasuallyRandR usuallyRdoesRnotRpro
videRpeopleRwithRaRreceipt.RCandi:R-RCORRECTRANSWER-
isRlegallyRobligatedRtoRprovideRaRreceipt
SalesRassociatesRwhoRofferRrentalRinformationR forRaRfeeRneedRtoRprovideRaRreceipt.
EvaluateRwhichRofRtheseRpropertiesRisRtheRLEASTRliquid.R-RCORRECTRANSWER-
aRfourRmillionRsquareRfootRmixed-usedRupscaleRretail/residentialRcenter
TheRretailRcenterRisRtheRleastRliquidRbecauseRitRisRtheRbiggest,RmostRexpensive,RandRmostR
specializedRproperty.
InRaRcontractRforRdeed,RwhatRdoesRtheRbuyerRreceiveR(untilRtheyRpayRoffRtheRentireRloan)?R-
RCORRECTRANSWER-equitable Rtitle
TheRbuyerRreceivesRequitableRtitleR untilRtheyRpayR theirRfinalRinstallmentRtoRtheRbuyer.R Then
RtheyRgetRtheRlegalRtitle.
WhenRBuyerRJoeyRexpressesRinterestRinR lookingRatRaRparticularRproperty,RSalesRAssociat
eRBillRtoldRJoeyRthat,RifRheRwantedRBillR toRcontinueRtoRrepresentR him,RtheyRwouldR needRtoRtr
ansitionRfromRaRsingleRagentRrelationshipRtoRaRtransactionRbrokerRrelationship.
AnalyzeRtheRinformationRprovidedRandRchooseRtheRanswerRthatRmostRlikelyRexplainsRwhyR
BillRsaidRthis.R-RCORRECTRANSWER-SellerRisRrepresentedRbyRBillsRbrokerage
,SinceRBillRusedRtheRtermR"represent," RthereRareRonlyR twoRauthorizedRbrokerageRrelationsh
ipsRheRcouldRhaveRbeenRtalkingRabout:RtransactionRbrokerRorRsingleRagent.R(NoRbrokerage
Rrelationship RareRrelationshipsRofRnonrepresentation.)RAndRsinceRBillRsaidRheRwouldR"need
"RtoRoperateRasRaRtransactionRbroker,RthatRmeantRthatRaRsingleRagentRrelationshipRwasRnot
Rpossible RwithRrespectRtoRthatRparticularRproperty.RFromRallRofRthis,R youRcanRdeduceR thatRt
heRsellerRisRrepresentedRbyRBill'sRbrokerageRandRthisRmustRbeRhandledRasRanRin-
houseRtransaction.RIfRbothRpartiesRareRtoRanRin-
houseRtransactionRareRtoRbeRrepresented,RtheyR willRbeRinRtransactionRbrokerRrelationships
.
BruceRtookRoutRanRamortizedRloanRofR$300,000RwithRaR5.2%RinterestRrate.RHisRmonthlyRpa
ymentRisR$1,647.33.RHowRmuchR willR heRpayRinRinterestRonRhisRfirstRmonthlyRpayment?R-
RCORRECTRANSWER-$1,300
5.2%RdividedRbyR$300,000RisR$15,600.RDivideRthatRnumberRbyR12RforRtheRmonthlyRinterest
RpaymentRofR$1,300.
ARtaxRbillRcostR$10,092.RForRprorationRpurposes,RwhatRisRtheRmonthlyR taxRexpense?R-
RCORRECTRANSWER-$841
TheRtaxRbillRneedsRtoRbeRdividedRbyR12,RgivingRyouRaRmonthlyRexpenseRofR$841.
Petunia,RaRsalesRassociate,RnoticesRthatRtheRplumbingRsystemRinRaR homeRisRinRveryRpoorR
condition.RHowever,RduringRaRwalkthroughRwithR theRbuyer,RsheRsays,R"Oh,RtheRwaterRpres
sureRisRlowRallRoverRtownRtoday.RDidn'tR youRseeRitRonRtheR news?RByRtomorrow,Rit'llRbeRfine.
"
PetuniaRhasRcommitted:R-RCORRECTRANSWER-FraudulentRMisrepresentation:
occursRwhenRaRlicenseeRintentionallyRattemptsRtoRpreventRaRbuyerRfromRfindingRoutRaboutR
aRmaterialRfact.RThisRoccursRwhenRaRlicenseeRpurposefullyRconcealsRaRknownRdefect.
FraudulentRMisrepresentation
Omar'sRpropertyRmeasuresR300'RxR217'.RKnowingR this,RhowRmanyRacresRisRtheRlot?R-
RCORRECTRANSWER-
IdentifyRtheRsquareRfootageRofRtheRlandRfirst,RthenRdivideRtheRsquareRfootageRbyR43,560Rfe
et.RTheRlotRisR1.49Racres.
TheRFREC RhasRexecutive,Rquasi-judicial,RandRquasi-
legislativeRpowers.RSelectRtheRFREC RdutyRthatRwouldRbeRcategorizedRasRanRexecutiveRpo
wer.R-RCORRECTRANSWER-
AdministeringRtheRFloridaRRealREstateRCommissionREducationRandRResearchRFoundatio
nRwouldRbeRcategorizedRasRanRexecutiveRpowerRofRtheRFREC.
, ARtenantRisRconsideringRaRtripleRnetRleaseRbutRtheyRdon'tRfullyR understandRwhatRitRentails.R
YouRtellRthemRthey'llRbeRresponsibleRforRseveralRfees,RsuchRas:R-RCORRECTRANSWER-
TripleRnetRmeansRrentRplusRtaxes,Rinsurance,RandRmaintenance.
DoesRaRclientRalwaysRhaveRtheRrightRtoRterminateR(revoke)RanRagencyRrelationshipRagree
mentRatRanyRtimeRwithRaRbroker?R IfRso,RdoesRthisRalsoRmeanRaRclientRcouldRdoRsoRwithoutRl
iability?R-RCORRECTRANSWER-
ARclient'sRrightRtoRterminateR(revoke)RanRagencyRagreementRatRanyR timeRwithRaRbrokerRdo
esRNOTRautomaticallyRreleaseRtheRclientR fromR liabilityRforRdoingRso.RTheRlanguageRofRtheR
contractRwillRlikelyRindicateRunderR whatRconditions,RifRany,RmightRliabilityRforRearlyRclient-
initiatedRterminationRcomeRabout.
MoniqueRisRaRdeveloperRworkingRonRaRnewReventRcenterR forRtheRcity.RWhoRdoesRsheR need
RtoRapprove RtheRsiteRplans?R-RCORRECTRANSWER-
MoniqueRwillRneedRtoRgetRtheRsiteRplanRapprovedRbyR theRcityRplanningRboard.
BuilderRSanjayRcombinedRtwoRadjoiningRparcelsRofRlandRforRhisR newRbuilding;RtheRresultin
gRlotRisRworthRmoreRthanRtheR twoRplotsRseparately.RWhatRdoRassemblageRandRplottageRme
anRinRthisRsituation?R-RCORRECTRANSWER-
AssemblageRisRtheRactRofRcombiningRparcels,RplottageRisRtheRresultingRincreaseRinRvalue.
KarenRisRsellingRherRhouseRandRwantsRtoRreceiveRaRprofitRofRatRleastR$50,000.RSheR hasR$2
10,000RremainingRonRherRmortgage,R$12,000RinRclosingRcosts,RandR willRpayR herRlistingRag
entRaR6%RsaleRcommission.RApproximately,RwhichRisRtheRLEASTRtheR homeRcanRsellRforRinR
orderRtoRnetRtheRprofitRKarenRdesires?R-RCORRECTRANSWER-
UseRtheR"Profit/LossR=RRevenueR-
RNetRCosts" RandR"TotalR=RPartR÷ RPercentage" RformulasRtoRsolveRforRKaren'sRaskingRprice.
ANS:R$288,320RIRthink.
AnRairtight,RweatherproofedRhouseRisRenergyRefficient,RbutRthereRareRpotentialRdrawbacks.
RPredictRtheRincreased RenvironmentalR hazardsRthatRsuchRaR homeRcouldRexperience.R -
RCORRECTRANSWER-
ElevatedRlevelsRofRradonRcouldRgetRtrappedRinside,RandRreducedRairRcirculationRcouldRalso
Rencourage RmoldRgrowth.R
AnRairtight,RweatherproofedRhouseRisRenergyRefficient,RbutRthereRareRpotentialRdrawbacks.
RPredictRtheRincreased RenvironmentalR hazardsRthatRsuchRaR homeRcouldRexperience.
FranRwantsRtoRfileRaRfairRhousingRviolationR withR HUD.R HowR longRdoesRsheRhave,R fromR theR
allegedRviolation?R-RCORRECTRANSWER-OneR Year
HUD RrequiresRthatRtheRcomplaintRbeRfiledRwithinRoneR yearRofR theRallegedR violation.
