Florida Real Estate Practice Exam 2026 HTML covers Florida real estate practice exam for 2026 using exam-style multiple-choice questions with a “Show Answer” toggle for review. Each item includes the correct answer, a concise explanation, and official citations where applicable so you can verify Florida-specific rules quickly. Use it to sharpen timing on agency and disclosures, lock down contract concepts, and clean up the math that trips people up on test day.
FAQ
Does online practice help for the Florida real estate exam?
Yes—online practice helps speed and pattern recognition. Commit to an answer, then use “Show Answer” to confirm the rule and your mistake. Retake later so you’re recalling the concept, not memorizing the choice position.
Can I save this Florida real estate practice exam as a PDF for offline study?
Yes—use your browser’s print-to-PDF feature to save the page for offline work. Keep the live version handy so you can reference “Show Answer” explanations and verify any cited Florida rule when needed.
What topics are tested on the Florida real estate sales associate exam?
Expect Florida law/rules, contracts, brokerage operations, agency, disclosures, and math. Use the explanations to identify the tested rule, then retake missed concepts later so you can apply them in fresh scenario wording.
Where can I take a full-length Florida real estate practice exam online?
A full-length mixed exam helps you switch between law, contracts, and math like the real test. The most useful explanations name the rule being tested, not just the correct letter, so you can generalize it to new stems.
What is the most efficient way to prepare for the Florida real estate exam?
Do one pass through the outline, then practice in full mixed runs. Track misses by category, use explanations to learn the specific trap, and retake later. The goal is rule recognition under Florida-style wording.
Florida Real Estate Practice Test Quiz
Q1. What is the primary purpose of the Florida Real Estate Commission (FREC)?
Correct Answer: B
Explanation: FREC is responsible for licensing and regulating real estate brokers and sales associates in Florida.
Citation: Florida Statute § 475.02
Explanation: FREC is responsible for licensing and regulating real estate brokers and sales associates in Florida.
Citation: Florida Statute § 475.02
Q2. Which entity administers the day-to-day operations of real estate regulation in Florida?
Correct Answer: C
Explanation: The Division of Real Estate handles investigations and administrative functions under FREC oversight.
Citation: Florida Statute § 475.02
Explanation: The Division of Real Estate handles investigations and administrative functions under FREC oversight.
Citation: Florida Statute § 475.02
Q3. How long does a broker have to initiate settlement procedures after an escrow dispute in Florida?
Correct Answer: B
Explanation: A broker has 30 business days from the date of last demand to begin settlement procedures.
Citation: F.A.C. 61J2-10.032(2)
Explanation: A broker has 30 business days from the date of last demand to begin settlement procedures.
Citation: F.A.C. 61J2-10.032(2)
Q4. What is the homestead tax exemption in Florida for a qualifying primary residence?
Correct Answer: C
Explanation: Florida provides a $25,000 exemption on all taxes and an additional $25,000 on non-school taxes.
Citation: Florida Statute § 196.031
Explanation: Florida provides a $25,000 exemption on all taxes and an additional $25,000 on non-school taxes.
Citation: Florida Statute § 196.031
Q5. When must a real estate license applicant disclose a personal bankruptcy?
Correct Answer: C
Explanation: Bankruptcies affecting character and trustworthiness must be disclosed to regulators.
Citation: Florida Statute § 455.227
Explanation: Bankruptcies affecting character and trustworthiness must be disclosed to regulators.
Citation: Florida Statute § 455.227
Q6. What type of license is required to perform property management for others for compensation in Florida?
Correct Answer: B
Explanation: Managing property for others for compensation requires an active real estate license.
Citation: Florida Statute § 475.01(1)(a)
Explanation: Managing property for others for compensation requires an active real estate license.
Citation: Florida Statute § 475.01(1)(a)
Q7. Which federal law regulates interstate subdivision land sales?
Correct Answer: B
Explanation: ILSA regulates interstate land sales to protect buyers from fraud.
Citation: 15 U.S.C. § 1701
Explanation: ILSA regulates interstate land sales to protect buyers from fraud.
Citation: 15 U.S.C. § 1701
Q8. What is the statute of limitations for written real estate contracts in Florida?
Correct Answer: C
Explanation: Written contracts are subject to a 5-year statute of limitations in Florida.
Citation: Florida Statute § 95.11(2)(b)
Explanation: Written contracts are subject to a 5-year statute of limitations in Florida.
Citation: Florida Statute § 95.11(2)(b)
Q9. Which act is considered a first-degree misdemeanor under Florida real estate law?
Correct Answer: C
Explanation: Knowingly providing false rental information for compensation is a first-degree misdemeanor.
Citation: Florida Statute § 475.453
Explanation: Knowingly providing false rental information for compensation is a first-degree misdemeanor.
Citation: Florida Statute § 475.453
Q10. How must a broker handle a postdated earnest money check?
Correct Answer: B
Explanation: Postdated checks require seller approval and immediate broker notification.
Citation: F.A.C. 61J2-14.008
Explanation: Postdated checks require seller approval and immediate broker notification.
Citation: F.A.C. 61J2-14.008
Q11. What is the legal term for the government’s power to take private property for public use?
Correct Answer: B
Explanation: Eminent domain allows property to be taken for public use with compensation.
Citation: Florida Constitution, Art. X
Explanation: Eminent domain allows property to be taken for public use with compensation.
Citation: Florida Constitution, Art. X
Q12. What education is required for a Florida sales associate’s first license renewal?
Correct Answer: B
Explanation: First renewal requires completion of the 45-hour post-licensing course.
Citation: Florida Statute § 475.17(3)(a)
Explanation: First renewal requires completion of the 45-hour post-licensing course.
Citation: Florida Statute § 475.17(3)(a)
Q13. Which valuation approach is best for special-purpose properties?
Correct Answer: C
Explanation: Special-purpose properties lack comparables, making cost-depreciation most appropriate.
Citation: Pearson VUE Handbook
Explanation: Special-purpose properties lack comparables, making cost-depreciation most appropriate.
Citation: Pearson VUE Handbook
Q14. In an LLC brokerage, who must be licensed?
Correct Answer: C
Explanation: Anyone performing real estate services must be properly licensed.
Citation: Florida Statute § 475.15
Explanation: Anyone performing real estate services must be properly licensed.
Citation: Florida Statute § 475.15
Q15. What disclosure is required when selling property in a mandatory HOA?
Correct Answer: C
Explanation: Florida law requires a disclosure summary for mandatory HOAs before contract execution.
Citation: Florida Statute § 720.401
Explanation: Florida law requires a disclosure summary for mandatory HOAs before contract execution.
Citation: Florida Statute § 720.401
Q16. What happens to real property when an owner dies without a will or heirs?
Correct Answer: C
Explanation: Property escheats to the state when no legal heirs exist.
Citation: Florida Statute § 732.107
Explanation: Property escheats to the state when no legal heirs exist.
Citation: Florida Statute § 732.107
Q17. In a lien-theory state like Florida, who holds title during a mortgage?
Correct Answer: B
Explanation: In lien-theory states, borrowers retain title while lenders hold a lien.
Citation: Florida Statute § 697.02
Explanation: In lien-theory states, borrowers retain title while lenders hold a lien.
Citation: Florida Statute § 697.02
Q18. What brokerage relationship is the default in Florida residential transactions?
Correct Answer: C
Explanation: Transaction brokerage is the default unless another relationship is established in writing.
Citation: Florida Statute § 475.278(1)(b)
Explanation: Transaction brokerage is the default unless another relationship is established in writing.
Citation: Florida Statute § 475.278(1)(b)
Q19. What is the purpose of the Real Estate Recovery Fund?
Correct Answer: B
Explanation: The Recovery Fund compensates consumers for actual damages caused by licensee misconduct.
Citation: Florida Statute § 475.482
Explanation: The Recovery Fund compensates consumers for actual damages caused by licensee misconduct.
Citation: Florida Statute § 475.482
Q20. What is the effect of a wraparound mortgage?
Correct Answer: C
Explanation: A wraparound mortgage includes a new loan that wraps around the existing mortgage.
Citation: Florida Real Estate Principles
Explanation: A wraparound mortgage includes a new loan that wraps around the existing mortgage.
Citation: Florida Real Estate Principles
Q21. What must a licensee do when changing their mailing address?
Correct Answer: B
Explanation: Licensees must notify the DBPR within 10 days of any address change.
Citation: F.A.C. 61J2-10.038(2)
Explanation: Licensees must notify the DBPR within 10 days of any address change.
Citation: F.A.C. 61J2-10.038(2)
Q22. Which of the following best defines a tenancy at sufferance?
Correct Answer: B
Explanation: Tenancy at sufferance occurs when a tenant remains after lease termination without landlord consent.
Citation: Pearson VUE Handbook – Leasehold Estates
Explanation: Tenancy at sufferance occurs when a tenant remains after lease termination without landlord consent.
Citation: Pearson VUE Handbook – Leasehold Estates
Q23. What is the maximum fine the FREC may impose per violation?
Correct Answer: D
Explanation: FREC may impose up to $5,000 per offense as an administrative fine.
Citation: F.S. 475.25(1)
Explanation: FREC may impose up to $5,000 per offense as an administrative fine.
Citation: F.S. 475.25(1)
Q24. Which disclosure is required when selling property built before 1978?
Correct Answer: C
Explanation: Federal law requires a lead-based paint disclosure for homes built before 1978.
Citation: Title X, Residential Lead-Based Paint Hazard Reduction Act of 1992
Explanation: Federal law requires a lead-based paint disclosure for homes built before 1978.
Citation: Title X, Residential Lead-Based Paint Hazard Reduction Act of 1992
Q25. In a net lease, which of the following is the tenant usually responsible for?
Correct Answer: B
Explanation: A net lease typically requires the tenant to pay taxes, insurance, and maintenance on top of rent.
Citation: Pearson VUE Handbook – Lease Types
Explanation: A net lease typically requires the tenant to pay taxes, insurance, and maintenance on top of rent.
Citation: Pearson VUE Handbook – Lease Types
Q26. What type of legal description uses meridians and base lines?
Correct Answer: C
Explanation: The government survey system (rectangular survey) uses principal meridians and base lines.
Citation: F.S. 177.021
Explanation: The government survey system (rectangular survey) uses principal meridians and base lines.
Citation: F.S. 177.021
Q27. A broker receives conflicting demands over escrow. What must they do within 30 business days?
Correct Answer: B
Explanation: The broker must notify the Commission within 15 days and institute a settlement procedure within 30 business days.
Citation: F.S. 475.25(1)(d); 61J2-10.032
Explanation: The broker must notify the Commission within 15 days and institute a settlement procedure within 30 business days.
Citation: F.S. 475.25(1)(d); 61J2-10.032
Q28. What is the purpose of an appraisal conducted for a federally related transaction?
Correct Answer: C
Explanation: The purpose is to protect lenders by estimating market value in federally related transactions.
Citation: FIRREA Title XI
Explanation: The purpose is to protect lenders by estimating market value in federally related transactions.
Citation: FIRREA Title XI
Q29. Which tenancy allows unequal ownership interests and no survivorship?
Correct Answer: A
Explanation: A tenancy in common allows unequal shares and does not include a right of survivorship.
Citation: Pearson VUE Handbook – Forms of Ownership
Explanation: A tenancy in common allows unequal shares and does not include a right of survivorship.
Citation: Pearson VUE Handbook – Forms of Ownership
Q30. What is the function of a real estate investment trust (REIT)?
Correct Answer: B
Explanation: A REIT is a trust that pools investor money to buy and manage income-producing real estate.
Citation: F.S. 475.01; Investment Definitions
Explanation: A REIT is a trust that pools investor money to buy and manage income-producing real estate.
Citation: F.S. 475.01; Investment Definitions
Q31. What happens when a licensee fails to renew a license at the end of its 2-year cycle?
Correct Answer: C
Explanation: A license that is not renewed automatically becomes involuntarily inactive.
Citation: F.S. 475.182(3)
Explanation: A license that is not renewed automatically becomes involuntarily inactive.
Citation: F.S. 475.182(3)
Q32. What is the purpose of a subordination clause in a mortgage?
Correct Answer: B
Explanation: A subordination clause allows a new mortgage to take priority over an existing one.
Citation: Pearson VUE Handbook – Mortgage Clauses
Explanation: A subordination clause allows a new mortgage to take priority over an existing one.
Citation: Pearson VUE Handbook – Mortgage Clauses
Q33. What is the effect of a lis pendens filed on a property?
Correct Answer: B
Explanation: A lis pendens is a notice of litigation that may affect the title to a property.
Citation: F.S. 48.23
Explanation: A lis pendens is a notice of litigation that may affect the title to a property.
Citation: F.S. 48.23
Q34. What is the most commonly used deed in residential real estate?
Correct Answer: C
Explanation: The general warranty deed provides the greatest protection and is most commonly used in residential transactions.
Citation: F.S. 689.02
Explanation: The general warranty deed provides the greatest protection and is most commonly used in residential transactions.
Citation: F.S. 689.02
Q35. What is the minimum number of years of experience required to apply for a Florida broker license?
Correct Answer: C
Explanation: Applicants for broker licensure must have held an active real estate license for at least 24 months during the preceding 5 years.
Citation: F.S. 475.17(2)
Explanation: Applicants for broker licensure must have held an active real estate license for at least 24 months during the preceding 5 years.
Citation: F.S. 475.17(2)
Q36. What is the function of the habendum clause in a deed?
Correct Answer: C
Explanation: The habendum clause defines the ownership rights (e.g., “to have and to hold”) being conveyed in the deed.
Citation: F.S. 689.01 – Deed Requirements
Explanation: The habendum clause defines the ownership rights (e.g., “to have and to hold”) being conveyed in the deed.
Citation: F.S. 689.01 – Deed Requirements
Q37. What action is FREC authorized to take if a licensee is found guilty of a minor violation for the first time?
Correct Answer: C
Explanation: For a first-time minor offense, FREC may issue a notice of noncompliance rather than impose discipline.
Citation: 61J2-24.003
Explanation: For a first-time minor offense, FREC may issue a notice of noncompliance rather than impose discipline.
Citation: 61J2-24.003
Q38. Which document is used to convey a temporary right to use land?
Correct Answer: D
Explanation: A license grants a temporary, revocable right to use property — not ownership or interest.
Citation: Pearson VUE Handbook – Legal Interests in Land
Explanation: A license grants a temporary, revocable right to use property — not ownership or interest.
Citation: Pearson VUE Handbook – Legal Interests in Land
Q39. What is the primary advantage of FHA loans?
Correct Answer: C
Explanation: FHA loans are insured by HUD and offer low down payments and flexible credit requirements.
Citation: HUD FHA Loan Guidelines
Explanation: FHA loans are insured by HUD and offer low down payments and flexible credit requirements.
Citation: HUD FHA Loan Guidelines
Q40. What must be included in all Florida real estate contracts involving condominiums?
Correct Answer: C
Explanation: Florida law requires a condominium governance form that explains rules and responsibilities.
Citation: F.S. 718.503(2)
Explanation: Florida law requires a condominium governance form that explains rules and responsibilities.
Citation: F.S. 718.503(2)
Q41. What must happen for a valid enforceable contract to exist?
Correct Answer: B
Explanation: A valid contract requires competent parties, mutual assent, lawful object, and consideration.
Citation: F.S. 725.01; Contract Elements
Explanation: A valid contract requires competent parties, mutual assent, lawful object, and consideration.
Citation: F.S. 725.01; Contract Elements
Q42. What is the maximum time a license can remain involuntarily inactive?
Correct Answer: C
Explanation: A license becomes void after 2 years of involuntary inactive status.
Citation: F.S. 475.183(2)(b)
Explanation: A license becomes void after 2 years of involuntary inactive status.
Citation: F.S. 475.183(2)(b)
Q43. Which characteristic applies to real property but not personal property?
Correct Answer: C
Explanation: Real property is immobile and attached to the land; this is a key physical characteristic.
Citation: Pearson VUE Handbook – Property Characteristics
Explanation: Real property is immobile and attached to the land; this is a key physical characteristic.
Citation: Pearson VUE Handbook – Property Characteristics
Q44. Which event automatically terminates a single agency relationship?
Correct Answer: B
Explanation: A single agency relationship ends automatically when the transaction is completed at closing.
Citation: F.S. 475.278
Explanation: A single agency relationship ends automatically when the transaction is completed at closing.
Citation: F.S. 475.278
Q45. Which of the following activities requires a Florida real estate license?
Correct Answer: C
Explanation: Performing real estate services for another and for compensation requires a license.
Citation: F.S. 475.01(1)(a)
Explanation: Performing real estate services for another and for compensation requires a license.
Citation: F.S. 475.01(1)(a)
Q46. What is the purpose of the Florida Fair Housing Act?
Correct Answer: C
Explanation: The Florida Fair Housing Act mirrors the federal law and prohibits discrimination in housing-related transactions.
Citation: F.S. 760.20–37
Explanation: The Florida Fair Housing Act mirrors the federal law and prohibits discrimination in housing-related transactions.
Citation: F.S. 760.20–37
Q47. Who investigates complaints against real estate licensees in Florida?
Correct Answer: C
Explanation: The Division of Real Estate handles the investigation of formal complaints.
Citation: F.S. 475.045
Explanation: The Division of Real Estate handles the investigation of formal complaints.
Citation: F.S. 475.045
Q48. Which party is responsible for disclosing known material defects?
Correct Answer: D
Explanation: Sellers are legally obligated to disclose known material defects that affect the property’s value.
Citation: Johnson v. Davis, 480 So.2d 625 (Fla. 1985)
Explanation: Sellers are legally obligated to disclose known material defects that affect the property’s value.
Citation: Johnson v. Davis, 480 So.2d 625 (Fla. 1985)
Q49. What is required before a real estate license can be issued?
Correct Answer: B
Explanation: Applicants must pass the licensing exam and submit fingerprints for a background check before licensure.
Citation: F.S. 475.175
Explanation: Applicants must pass the licensing exam and submit fingerprints for a background check before licensure.
Citation: F.S. 475.175
Q50. Which of the following events does NOT terminate an offer?
Correct Answer: C
Explanation: Acceptance converts the offer into a binding contract — it does not terminate it.
Citation: Pearson VUE Handbook – Contract Law
Explanation: Acceptance converts the offer into a binding contract — it does not terminate it.
Citation: Pearson VUE Handbook – Contract Law
Q51. What must a broker do before placing a “For Sale” sign on a property?
Correct Answer: B
Explanation: Brokers may not advertise a property without the owner’s written consent.
Citation: F.S. 475.25(1)(c)
Explanation: Brokers may not advertise a property without the owner’s written consent.
Citation: F.S. 475.25(1)(c)
Q52. Which valuation approach is most appropriate for estimating the value of a church?
Correct Answer: B
Explanation: The cost-depreciation approach is ideal for properties with limited market data like churches or government buildings.
Citation: Pearson VUE Handbook – Appraisal Methods
Explanation: The cost-depreciation approach is ideal for properties with limited market data like churches or government buildings.
Citation: Pearson VUE Handbook – Appraisal Methods
Q53. Which type of agent is authorized to perform a wide range of activities for a client?
Correct Answer: A
Explanation: A general agent has broad authority to act for a principal, such as a property manager.
Citation: F.S. 475.01(1)(e)
Explanation: A general agent has broad authority to act for a principal, such as a property manager.
Citation: F.S. 475.01(1)(e)
Q54. A property’s assessed value is $180,000. It qualifies for a $50,000 homestead exemption. If the mill rate is 20 mills, what is the tax due?
Correct Answer: A
Explanation: ($180,000 – $50,000) × 0.020 = $2,600
Citation: F.S. 196.031; Florida Property Tax Math
Explanation: ($180,000 – $50,000) × 0.020 = $2,600
Citation: F.S. 196.031; Florida Property Tax Math
Q55. What is the primary function of the Real Estate Recovery Fund?
Correct Answer: B
Explanation: The Real Estate Recovery Fund compensates people who suffer monetary losses due to licensee misconduct.
Citation: F.S. 475.482
Explanation: The Real Estate Recovery Fund compensates people who suffer monetary losses due to licensee misconduct.
Citation: F.S. 475.482
Q56. What is the penalty for a first-degree misdemeanor under Chapter 475?
Correct Answer: A
Explanation: A first-degree misdemeanor may result in a fine up to $1,000 and/or imprisonment for up to 1 year.
Citation: F.S. 475.42(1)(a)
Explanation: A first-degree misdemeanor may result in a fine up to $1,000 and/or imprisonment for up to 1 year.
Citation: F.S. 475.42(1)(a)
Q57. Which type of depreciation is considered incurable?
Correct Answer: C
Explanation: Economic (external) obsolescence, such as a nearby landfill, is beyond the control of the owner and considered incurable.
Citation: Pearson VUE Handbook – Depreciation Types
Explanation: Economic (external) obsolescence, such as a nearby landfill, is beyond the control of the owner and considered incurable.
Citation: Pearson VUE Handbook – Depreciation Types
Q58. How many hours of post-licensing education are required for Florida sales associates?
Correct Answer: C
Explanation: Florida sales associates must complete 45 hours of post-licensing education before their first renewal.
Citation: F.S. 475.17(3)(a)
Explanation: Florida sales associates must complete 45 hours of post-licensing education before their first renewal.
Citation: F.S. 475.17(3)(a)
Q59. What is the purpose of a due-on-sale clause?
Correct Answer: C
Explanation: A due-on-sale clause allows the lender to call the loan due if the borrower transfers title.
Citation: Mortgage Law; Fannie Mae Guidelines
Explanation: A due-on-sale clause allows the lender to call the loan due if the borrower transfers title.
Citation: Mortgage Law; Fannie Mae Guidelines
Q60. What is the maximum number of years a homestead property can be protected from forced sale under Florida law?
Correct Answer: C
Explanation: Homestead protection remains in place as long as the property is the owner’s primary residence and all conditions are met.
Citation: Article X, Section 4 of the Florida Constitution
Explanation: Homestead protection remains in place as long as the property is the owner’s primary residence and all conditions are met.
Citation: Article X, Section 4 of the Florida Constitution
Q61. What type of listing agreement allows the seller to avoid paying a commission if they find the buyer themselves?
Correct Answer: D
Explanation: In an exclusive agency, the broker earns a commission only if they or another agent find the buyer — not if the seller does.
Citation: F.S. 475.01 – Listing Types
Explanation: In an exclusive agency, the broker earns a commission only if they or another agent find the buyer — not if the seller does.
Citation: F.S. 475.01 – Listing Types
Q62. Which appraisal method is most useful for estimating the value of an apartment complex?
Correct Answer: C
Explanation: The income approach is preferred for income-producing properties like apartments.
Citation: Pearson VUE Handbook – Appraisal Approaches
Explanation: The income approach is preferred for income-producing properties like apartments.
Citation: Pearson VUE Handbook – Appraisal Approaches
Q63. A transaction broker in Florida owes which of the following duties?
Correct Answer: C
Explanation: A transaction broker owes limited confidentiality, skill, care, honesty, and disclosure — not full fiduciary duties.
Citation: F.S. 475.278
Explanation: A transaction broker owes limited confidentiality, skill, care, honesty, and disclosure — not full fiduciary duties.
Citation: F.S. 475.278
Q64. What happens if a broker fails to complete post-licensing education before their first renewal?
Correct Answer: C
Explanation: Failing to complete post-licensing by the renewal date results in the license becoming null and void.
Citation: F.S. 475.17(3)(c)
Explanation: Failing to complete post-licensing by the renewal date results in the license becoming null and void.
Citation: F.S. 475.17(3)(c)
Q65. Which business entity cannot register as a real estate brokerage in Florida?
Correct Answer: C
Explanation: A joint venture is a temporary business relationship and cannot register as a brokerage.
Citation: F.S. 475.161
Explanation: A joint venture is a temporary business relationship and cannot register as a brokerage.
Citation: F.S. 475.161
Q66. What is required on all real estate advertising signs?
Correct Answer: B
Explanation: The name of the brokerage firm must appear on all advertising signs — including yard signs.
Citation: 61J2-10.025(1)
Explanation: The name of the brokerage firm must appear on all advertising signs — including yard signs.
Citation: 61J2-10.025(1)
Q67. What must be true for a deed to be valid in Florida?
Correct Answer: B
Explanation: A valid deed requires signature by a competent grantor and delivery to the grantee; recording is recommended but not required.
Citation: F.S. 689.01
Explanation: A valid deed requires signature by a competent grantor and delivery to the grantee; recording is recommended but not required.
Citation: F.S. 689.01
Q68. When must a license applicant disclose a prior criminal conviction?
Correct Answer: C
Explanation: Any criminal conviction — felony or misdemeanor — must be disclosed on the license application.
Citation: DBPR Application Disclosure Requirements
Explanation: Any criminal conviction — felony or misdemeanor — must be disclosed on the license application.
Citation: DBPR Application Disclosure Requirements
Q69. A licensee who misrepresents material facts in a transaction could be charged with:
Correct Answer: C
Explanation: Constructive fraud involves unintentional deception through breach of duty or negligence.
Citation: F.S. 475.25; Legal Definitions
Explanation: Constructive fraud involves unintentional deception through breach of duty or negligence.
Citation: F.S. 475.25; Legal Definitions
Q70. Who issues real estate licenses in Florida?
Correct Answer: C
Explanation: The Department of Business and Professional Regulation (DBPR) issues licenses; FREC governs rules and discipline.
Citation: F.S. 455.203
Explanation: The Department of Business and Professional Regulation (DBPR) issues licenses; FREC governs rules and discipline.
Citation: F.S. 455.203
Q71. What is the legal term for a false statement made with intent to deceive?
Correct Answer: C
Explanation: Fraud is the intentional misstatement or concealment of a material fact with the intent to deceive.
Citation: F.S. 475.25(1)(b)
Explanation: Fraud is the intentional misstatement or concealment of a material fact with the intent to deceive.
Citation: F.S. 475.25(1)(b)
Q72. Which entity administers the Florida Real Estate Commission?
Correct Answer: B
Explanation: The DBPR administers and supports the operations of FREC.
Citation: F.S. 475.02
Explanation: The DBPR administers and supports the operations of FREC.
Citation: F.S. 475.02
Q73. Which fiduciary duty survives after a transaction has closed?
Correct Answer: C
Explanation: Confidentiality survives termination of the agency relationship unless waived by the client.
Citation: F.S. 475.278(2)(a)
Explanation: Confidentiality survives termination of the agency relationship unless waived by the client.
Citation: F.S. 475.278(2)(a)
Q74. What is a writ of supersedeas?
Correct Answer: A
Explanation: A writ of supersedeas halts enforcement of a judgment pending appeal.
Citation: Florida Appellate Procedure
Explanation: A writ of supersedeas halts enforcement of a judgment pending appeal.
Citation: Florida Appellate Procedure
Q75. Which type of property ownership can only exist between spouses?
Correct Answer: C
Explanation: Tenancy by the entirety is exclusive to married couples and includes survivorship rights.
Citation: F.S. 689.115
Explanation: Tenancy by the entirety is exclusive to married couples and includes survivorship rights.
Citation: F.S. 689.115
Q76. What is the result of a licensee operating with an expired license for more than 2 years?
Correct Answer: C
Explanation: A license that remains expired or inactive for over 2 years becomes null and void by law.
Citation: F.S. 475.183
Explanation: A license that remains expired or inactive for over 2 years becomes null and void by law.
Citation: F.S. 475.183
Q77. What is an example of functional obsolescence?
Correct Answer: B
Explanation: Functional obsolescence is a loss of value due to outdated design or layout.
Citation: Pearson VUE – Types of Depreciation
Explanation: Functional obsolescence is a loss of value due to outdated design or layout.
Citation: Pearson VUE – Types of Depreciation
Q78. When must a sales associate deliver escrow funds to their broker?
Correct Answer: B
Explanation: Florida law requires escrow funds to be delivered by the next business day.
Citation: F.S. 475.25(1)(k)
Explanation: Florida law requires escrow funds to be delivered by the next business day.
Citation: F.S. 475.25(1)(k)
Q79. What is the purpose of a blanket mortgage?
Correct Answer: B
Explanation: A blanket mortgage encumbers multiple properties and often includes a release clause.
Citation: Pearson VUE – Mortgage Terms
Explanation: A blanket mortgage encumbers multiple properties and often includes a release clause.
Citation: Pearson VUE – Mortgage Terms
Q80. What is the primary difference between void and voidable contracts?
Correct Answer: C
Explanation: A void contract is never valid, while a voidable one may be enforced unless rescinded.
Citation: F.S. 725.01 – Contract Law
Explanation: A void contract is never valid, while a voidable one may be enforced unless rescinded.
Citation: F.S. 725.01 – Contract Law
Q81. What is the effect of a subrogation clause in title insurance?
Correct Answer: B
Explanation: A subrogation clause permits the insurer to assume the rights of the insured after a claim payout.
Citation: Title Insurance Glossary
Explanation: A subrogation clause permits the insurer to assume the rights of the insured after a claim payout.
Citation: Title Insurance Glossary
Q82. How many days does a buyer have to cancel a timeshare contract after signing?
Correct Answer: B
Explanation: Florida law allows a 7-day cancellation period for new timeshare contracts.
Citation: F.S. 721.10
Explanation: Florida law allows a 7-day cancellation period for new timeshare contracts.
Citation: F.S. 721.10
Q83. What is the name for a mortgage where payments do not cover the full interest due?
Correct Answer: C
Explanation: In a negative amortization mortgage, unpaid interest is added to the principal balance.
Citation: Pearson VUE – Mortgage Types
Explanation: In a negative amortization mortgage, unpaid interest is added to the principal balance.
Citation: Pearson VUE – Mortgage Types
Q84. What must be included in every brokerage relationship disclosure?
Correct Answer: C
Explanation: Brokerage disclosures must specify the nature of the relationship and the duties owed.
Citation: F.S. 475.278(3)
Explanation: Brokerage disclosures must specify the nature of the relationship and the duties owed.
Citation: F.S. 475.278(3)
Q85. What is required for a developer to sell lots under the Interstate Land Sales Full Disclosure Act (ILSA)?
Correct Answer: B
Explanation: ILSA requires developers to register subdivisions with the CFPB and provide a property report.
Citation: 15 U.S.C. 1701–1720
Explanation: ILSA requires developers to register subdivisions with the CFPB and provide a property report.
Citation: 15 U.S.C. 1701–1720
Q86. What is an amortized loan?
Correct Answer: C
Explanation: An amortized loan includes regular payments that retire the loan balance over time.
Citation: Pearson VUE – Mortgage Fundamentals
Explanation: An amortized loan includes regular payments that retire the loan balance over time.
Citation: Pearson VUE – Mortgage Fundamentals
Q87. What is the effect of a tenancy by the entireties if one spouse dies?
Correct Answer: B
Explanation: Tenancy by the entireties includes survivorship rights, granting full ownership to the surviving spouse.
Citation: F.S. 689.115
Explanation: Tenancy by the entireties includes survivorship rights, granting full ownership to the surviving spouse.
Citation: F.S. 689.115
Q88. What happens when a tenant continues to occupy property after the lease expires without landlord permission?
Correct Answer: C
Explanation: A tenant at sufferance is one who remains without legal right after lease expiration.
Citation: Pearson VUE – Leasehold Estates
Explanation: A tenant at sufferance is one who remains without legal right after lease expiration.
Citation: Pearson VUE – Leasehold Estates
Q89. What must a sales associate do when receiving a written complaint from a customer?
Correct Answer: C
Explanation: Sales associates must promptly notify their employing broker of any complaint received.
Citation: F.S. 475.25(1)(h)
Explanation: Sales associates must promptly notify their employing broker of any complaint received.
Citation: F.S. 475.25(1)(h)
Q90. What does the “effective date” of a contract represent?
Correct Answer: C
Explanation: A contract becomes effective once the final party signs and communicates acceptance.
Citation: Contract Law Principles
Explanation: A contract becomes effective once the final party signs and communicates acceptance.
Citation: Contract Law Principles
Q91. What is the maximum civil penalty for violating the Fair Housing Act?
Correct Answer: C
Explanation: For a first violation, the civil penalty under the Fair Housing Act can be up to $16,000.
Citation: 42 U.S.C. § 3612(g)(3)
Explanation: For a first violation, the civil penalty under the Fair Housing Act can be up to $16,000.
Citation: 42 U.S.C. § 3612(g)(3)
Q92. What kind of deed provides the least protection to the grantee?
Correct Answer: C
Explanation: A quitclaim deed offers no warranties — it simply transfers whatever interest the grantor may have.
Citation: F.S. 689.01
Explanation: A quitclaim deed offers no warranties — it simply transfers whatever interest the grantor may have.
Citation: F.S. 689.01
Q93. What is the statute of limitations for written contracts in Florida?
Correct Answer: C
Explanation: The statute of limitations for written contracts in Florida is 5 years.
Citation: F.S. 95.11(2)(b)
Explanation: The statute of limitations for written contracts in Florida is 5 years.
Citation: F.S. 95.11(2)(b)
Q94. Which of the following is not one of the four unities required for joint tenancy?
Correct Answer: D
Explanation: The four unities are time, title, interest, and possession. “Warranty” is not one of them.
Citation: Pearson VUE – Forms of Ownership
Explanation: The four unities are time, title, interest, and possession. “Warranty” is not one of them.
Citation: Pearson VUE – Forms of Ownership
Q95. What action may FREC take if a licensee is found guilty of a second-degree misdemeanor?
Correct Answer: C
Explanation: FREC may impose fines, suspension, or revocation for criminal violations tied to licensee conduct.
Citation: F.S. 475.25
Explanation: FREC may impose fines, suspension, or revocation for criminal violations tied to licensee conduct.
Citation: F.S. 475.25
Q96. Which of the following best describes the term “freehold estate”?
Correct Answer: B
Explanation: A freehold estate is an ownership interest in land that is not limited by time.
Citation: Pearson VUE Handbook – Property Rights
Explanation: A freehold estate is an ownership interest in land that is not limited by time.
Citation: Pearson VUE Handbook – Property Rights
Q97. Which Florida statute governs escrow disbursement procedures?
Correct Answer: A
Explanation: F.S. 475.25 includes procedures and timelines for resolving escrow disputes.
Citation: F.S. 475.25(1)(d)
Explanation: F.S. 475.25 includes procedures and timelines for resolving escrow disputes.
Citation: F.S. 475.25(1)(d)
Q98. What is the primary purpose of RESPA?
Correct Answer: C
Explanation: RESPA ensures that consumers receive disclosures of settlement costs and prevents kickbacks.
Citation: Real Estate Settlement Procedures Act (12 U.S.C. § 2601)
Explanation: RESPA ensures that consumers receive disclosures of settlement costs and prevents kickbacks.
Citation: Real Estate Settlement Procedures Act (12 U.S.C. § 2601)
Q99. What does the term “redlining” refer to?
Correct Answer: C
Explanation: Redlining refers to the illegal practice of denying loans based on a property’s location, often targeting minorities.
Citation: Fair Housing Act – Lending Practices
Explanation: Redlining refers to the illegal practice of denying loans based on a property’s location, often targeting minorities.
Citation: Fair Housing Act – Lending Practices
Q100. What happens if a sales associate works for two brokers at the same time?
Correct Answer: C
Explanation: A sales associate may only be registered under one broker at a time. Working for multiple brokers is unlawful.
Citation: F.S. 475.23
Explanation: A sales associate may only be registered under one broker at a time. Working for multiple brokers is unlawful.
Citation: F.S. 475.23
Q101. When a broker receives escrow funds in the form of a post-dated check, what must they do before accepting it on behalf of the seller?
Correct Answer: C
Explanation: A post-dated check is a promissory note. Broker must disclose and get seller’s written consent before accepting.
Citation: FREC Rule 61J2-14.008(4)
Explanation: A post-dated check is a promissory note. Broker must disclose and get seller’s written consent before accepting.
Citation: FREC Rule 61J2-14.008(4)
Q102. A real estate licensee preparing a CMA for a potential listing must avoid:
Correct Answer: B
Explanation: CMAs may be prepared by licensees but cannot include a fee unless the person is also a certified appraiser.
Citation: F.S. 475.612
Explanation: CMAs may be prepared by licensees but cannot include a fee unless the person is also a certified appraiser.
Citation: F.S. 475.612
Q103. What is the legal status of a listing contract that lacks a definite expiration date?
Correct Answer: D
Explanation: Florida law requires all listing agreements to have a definite expiration date to be valid.
Citation: F.S. 475.25(1)(r)
Explanation: Florida law requires all listing agreements to have a definite expiration date to be valid.
Citation: F.S. 475.25(1)(r)
Q104. Which type of tenancy includes a survivorship feature and can only be held by spouses?
Correct Answer: C
Explanation: Only tenancy by the entirety is limited to married couples and includes the right of survivorship automatically.
Citation: F.S. 689.115
Explanation: Only tenancy by the entirety is limited to married couples and includes the right of survivorship automatically.
Citation: F.S. 689.115
Q105. A real estate licensee is acting as a single agent. What fiduciary duty is not owed to the buyer or seller?
Correct Answer: D
Explanation: Limited confidentiality applies only in no-brokerage or transaction broker relationships. A single agent owes full fiduciary duties.
Citation: F.S. 475.278(3)
Explanation: Limited confidentiality applies only in no-brokerage or transaction broker relationships. A single agent owes full fiduciary duties.
Citation: F.S. 475.278(3)
Q106. What document must a developer of more than 20 new condominium units provide to each buyer?
Correct Answer: D
Explanation: For new condos with 20+ units, the developer must deliver a prospectus with disclosures and budget.
Citation: F.S. 718.504
Explanation: For new condos with 20+ units, the developer must deliver a prospectus with disclosures and budget.
Citation: F.S. 718.504
Q107. A broker associate forms a PA (Professional Association). Who must pay their commission?
Correct Answer: C
Explanation: All commissions must be paid to the PA by the broker who holds the associate’s license not directly by clients.
Citation: F.S. 475.161
Explanation: All commissions must be paid to the PA by the broker who holds the associate’s license not directly by clients.
Citation: F.S. 475.161
Q108. What is the minimum time a broker must retain real estate transaction records?
Correct Answer: C
Explanation: Brokers must retain records for 5 years, or 2 years after litigation if applicable.
Citation: F.S. 475.5015(1)
Explanation: Brokers must retain records for 5 years, or 2 years after litigation if applicable.
Citation: F.S. 475.5015(1)
Q109. A seller instructs their agent not to disclose a known sinkhole under the home. What must the agent do?
Correct Answer: C
Explanation: Material facts must be disclosed even if the seller requests silence. Failing to do so violates FREC and license law.
Citation: Johnson v. Davis, F.S. 475.278
Explanation: Material facts must be disclosed even if the seller requests silence. Failing to do so violates FREC and license law.
Citation: Johnson v. Davis, F.S. 475.278
Q110. Which investment property analysis tool best compares properties with different levels of debt service?
Correct Answer: D
Explanation: Cash-on-cash return compares the cash invested with the annual before-tax cash flow ideal when loans vary.
Citation: Pearson VUE Candidate Handbook
Explanation: Cash-on-cash return compares the cash invested with the annual before-tax cash flow ideal when loans vary.
Citation: Pearson VUE Candidate Handbook
Q111. A licensee who fails to complete the post-licensing education by the expiration date of their initial license will:
Correct Answer: C
Explanation: Failure to complete post-licensing education results in license expiration. The license becomes null and void.
Citation: F.S. 475.17(6)
Explanation: Failure to complete post-licensing education results in license expiration. The license becomes null and void.
Citation: F.S. 475.17(6)
Q112. Which of the following best defines a fixture under Florida real estate law?
Correct Answer: C
Explanation: Fixtures are items initially personal property but legally transferred as real property once attached.
Citation: F.S. 689.01, legal test of intent and attachment
Explanation: Fixtures are items initially personal property but legally transferred as real property once attached.
Citation: F.S. 689.01, legal test of intent and attachment
Q113. What is the most appropriate legal action if a buyer backs out after all contingencies are satisfied and refuses to close?
Correct Answer: C
Explanation: When contingencies are met, the seller may pursue specific performance to force the sale per the contract.
Citation: Pearson VUE Candidate Handbook Contracts
Explanation: When contingencies are met, the seller may pursue specific performance to force the sale per the contract.
Citation: Pearson VUE Candidate Handbook Contracts
Q114. What must a broker do if an escrow dispute cannot be resolved within a reasonable time?
Correct Answer: C
Explanation: Florida brokers must begin one of four settlement procedures within 30 business days of a dispute.
Citation: F.S. 475.25(1)(d), 61J2-10.032
Explanation: Florida brokers must begin one of four settlement procedures within 30 business days of a dispute.
Citation: F.S. 475.25(1)(d), 61J2-10.032
Q115. A condominium resale buyer has how many business days to cancel the contract upon receipt of required disclosures?
Correct Answer: B
Explanation: Buyers of resale condos in Florida have 3 business days to cancel, but new condo buyers get 15 calendar days.
Citation: F.S. 718.503
Explanation: Buyers of resale condos in Florida have 3 business days to cancel, but new condo buyers get 15 calendar days.
Citation: F.S. 718.503
Q116. Which of the following is true about a tenancy at sufferance in Florida?
Correct Answer: D
Explanation: A tenancy at sufferance arises when the tenant holds over without permission and no new lease exists.
Citation: F.S. 83.58
Explanation: A tenancy at sufferance arises when the tenant holds over without permission and no new lease exists.
Citation: F.S. 83.58
Q117. The brokerage relationship disclosure requirements apply in which of the following situations?
Correct Answer: D
Explanation: Residential sales of 4 units or fewer and residential lots trigger disclosure requirements.
Citation: F.S. 475.278(5)(A.
Explanation: Residential sales of 4 units or fewer and residential lots trigger disclosure requirements.
Citation: F.S. 475.278(5)(A.
Q118. A developer selling 100 vacant lots requires buyers to sign an agreement stating they waive their right to rescind. What is the legal effect of this clause?
Correct Answer: C
Explanation: Rescission rights for certain transactions are statutory and cannot be waived, even if agreed to in writing.
Citation: F.S. 720.401(2)
Explanation: Rescission rights for certain transactions are statutory and cannot be waived, even if agreed to in writing.
Citation: F.S. 720.401(2)
Q119. A real estate broker hires unlicensed assistants to show property and discuss features with buyers. This is a violation because:
Correct Answer: B
Explanation: Discussing property features or showing homes involves judgment and violates license law if done by unlicensed assistants.
Citation: F.S. 475.01(1)(A.
Explanation: Discussing property features or showing homes involves judgment and violates license law if done by unlicensed assistants.
Citation: F.S. 475.01(1)(A.
Q120. Which of the following best describes the purpose of a due-on-sale clause?
Correct Answer: C
Explanation: Due-on-sale clauses give the lender the right to call the full balance due if the property is sold or transferred.
Citation: Standard FNMA mortgage clause; Pearson VUE Handbook
Explanation: Due-on-sale clauses give the lender the right to call the full balance due if the property is sold or transferred.
Citation: Standard FNMA mortgage clause; Pearson VUE Handbook
Q121. Under Florida law, which of the following is not required for a deed to be valid?
Correct Answer: B
Explanation: A habendum clause (“to have and to hold”) is customary but not required. A valid deed needs grantor signature, legal description, and witnesses.
Citation: F.S. 689.01
Explanation: A habendum clause (“to have and to hold”) is customary but not required. A valid deed needs grantor signature, legal description, and witnesses.
Citation: F.S. 689.01
Q122. A broker forgets to include the brokerage name in an online ad but includes the phone number and agent name. This is considered:
Correct Answer: A
Explanation: Any real estate ad that omits the registered name of the brokerage is considered blind advertising and is illegal in Florida.
Citation: F.S. 475.25(1)(c)
Explanation: Any real estate ad that omits the registered name of the brokerage is considered blind advertising and is illegal in Florida.
Citation: F.S. 475.25(1)(c)
Q123. If a borrower is assumed to have a 360-month amortized mortgage, what is most likely true about the loan?
Correct Answer: C
Explanation: A 360-month amortization schedule refers to 30 years (12 months × 30).
Citation: Pearson VUE Candidate Handbook Mortgage Math
Explanation: A 360-month amortization schedule refers to 30 years (12 months × 30).
Citation: Pearson VUE Candidate Handbook Mortgage Math
Q124. Which element distinguishes a tenancy in common from a joint tenancy?
Correct Answer: C
Explanation: Joint tenancy includes survivorship; tenancy in common does not.
Citation: F.S. 689.15
Explanation: Joint tenancy includes survivorship; tenancy in common does not.
Citation: F.S. 689.15
Q125. When must a licensee provide the No Brokerage Relationship notice to a potential customer?
Correct Answer: A
Explanation: Disclosure must be made before showing property when no brokerage relationship exists.
Citation: F.S. 475.278(4)
Explanation: Disclosure must be made before showing property when no brokerage relationship exists.
Citation: F.S. 475.278(4)
Q126. Which of the following would result in the revocation of a Florida real estate license without the opportunity for reinstatement?
Correct Answer: D
Explanation: A license issued in error or through administrative mistake is considered void ab initio and must be revoked.
Citation: F.S. 120.60(6)
Explanation: A license issued in error or through administrative mistake is considered void ab initio and must be revoked.
Citation: F.S. 120.60(6)
Q127. A licensee who receives a citation from the DBPR must respond within:
Correct Answer: B
Explanation: Licensees must accept or dispute citations within 15 days, or they forfeit their right to challenge it.
Citation: F.S. 455.224(2)
Explanation: Licensees must accept or dispute citations within 15 days, or they forfeit their right to challenge it.
Citation: F.S. 455.224(2)
Q128. What is the penalty for a broker who fails to maintain sign-in logs for showing a listed property?
Correct Answer: C
Explanation: Sign-in logs are not legally required under Florida license law.
Citation: No statutory basis; common practice, not regulation
Explanation: Sign-in logs are not legally required under Florida license law.
Citation: No statutory basis; common practice, not regulation
Q129. The market value of a property is $210,000. The assessed value is $190,000, and the homestead exemption is $50,000. What is the taxable value?
Correct Answer: A
Explanation: Assessed value ($190,000) exemption ($50,000) = $140,000 taxable value.
Citation: F.S. 196.031
Explanation: Assessed value ($190,000) exemption ($50,000) = $140,000 taxable value.
Citation: F.S. 196.031
Q130. What appraisal principle states that adding improvements contributes less and less to value over time?
Correct Answer: D
Explanation: The law of diminishing returns states that improvements eventually contribute less to value than they cost.
Citation: Pearson VUE Handbook Appraisal Principles
Explanation: The law of diminishing returns states that improvements eventually contribute less to value than they cost.
Citation: Pearson VUE Handbook Appraisal Principles
Q131. A licensee fails to complete continuing education by the license renewal deadline. The license status becomes:
Correct Answer: C
Explanation: Failure to complete CE results in involuntary inactive status not suspension until education is completed.
Citation: F.S. 475.183
Explanation: Failure to complete CE results in involuntary inactive status not suspension until education is completed.
Citation: F.S. 475.183
Q132. Which document transfers title but contains no warranties against encumbrances?
Correct Answer: C
Explanation: A quitclaim deed makes no promises or guarantees it simply conveys any interest the grantor has.
Citation: F.S. 689.07
Explanation: A quitclaim deed makes no promises or guarantees it simply conveys any interest the grantor has.
Citation: F.S. 689.07
Q133. If a landlord does not intend to make a claim on a security deposit, the deposit must be returned within:
Correct Answer: B
Explanation: The landlord has 15 days to return the deposit if there is no claim.
Citation: F.S. 83.49(3)
Explanation: The landlord has 15 days to return the deposit if there is no claim.
Citation: F.S. 83.49(3)
Q134. What is the effect of a lis pendens filed against a property?
Correct Answer: C
Explanation: A lis pendens is public notice of pending litigation that may affect title.
Citation: F.S. 48.23
Explanation: A lis pendens is public notice of pending litigation that may affect title.
Citation: F.S. 48.23
Q135. A broker earns a commission after procuring a ready, willing, and able buyer at full terms, but the seller refuses to close. The broker is:
Correct Answer: C
Explanation: If a broker performs per contract, but the seller defaults, the broker may sue for earned commission.
Citation: F.S. 475.42
Explanation: If a broker performs per contract, but the seller defaults, the broker may sue for earned commission.
Citation: F.S. 475.42
Q136. Under RESPA, a Loan Estimate must be provided within how many business days of receiving a loan application?
Correct Answer: B
Explanation: RESPA requires the Loan Estimate (LE) to be delivered within 3 business days.
Citation: RESPA 12 CFR §1024.7
Explanation: RESPA requires the Loan Estimate (LE) to be delivered within 3 business days.
Citation: RESPA 12 CFR §1024.7
Q137. What is the maximum allowable homestead exemption in Florida for a qualifying resident over age 65, in counties that offer the full benefit?
Correct Answer: D
Explanation: The basic $50,000 plus up to $50,000 additional (by ordinance) for seniors meeting income thresholds.
Citation: F.S. 196.075
Explanation: The basic $50,000 plus up to $50,000 additional (by ordinance) for seniors meeting income thresholds.
Citation: F.S. 196.075
Q138. Which of the following must be included in all written residential listing agreements under Florida law?
Correct Answer: C
Explanation: A listing without a specific expiration date is void and a license law violation.
Citation: F.S. 475.25(1)(r)
Explanation: A listing without a specific expiration date is void and a license law violation.
Citation: F.S. 475.25(1)(r)
Q139. A licensed real estate agent is found guilty of theft in another state. What must they do?
Correct Answer: A
Explanation: Florida law requires reporting of all criminal convictions within 30 days.
Citation: F.S. 455.227(1)(t)
Explanation: Florida law requires reporting of all criminal convictions within 30 days.
Citation: F.S. 455.227(1)(t)
Q140. What clause in a mortgage makes the entire loan due if a borrower misses several payments?
Correct Answer: B
Explanation: The acceleration clause allows the lender to call the full loan balance due after default.
Citation: Pearson VUE Handbook Mortgage Clauses
Explanation: The acceleration clause allows the lender to call the full loan balance due after default.
Citation: Pearson VUE Handbook Mortgage Clauses
Q141. A property manager fails to maintain the premises, resulting in tenant injury. The owner may still be liable under which legal doctrine?
Correct Answer: B
Explanation: Under vicarious liability, the owner may be held responsible for the negligent acts of the manager acting within scope.
Citation: Pearson VUE Handbook Property Management
Explanation: Under vicarious liability, the owner may be held responsible for the negligent acts of the manager acting within scope.
Citation: Pearson VUE Handbook Property Management
Q142. What type of lease increases the tenant’s rent periodically based on a set schedule?
Correct Answer: D
Explanation: A graduated lease (also called a step-up lease) includes scheduled rent increases.
Citation: F.S. 689.01, Lease Types
Explanation: A graduated lease (also called a step-up lease) includes scheduled rent increases.
Citation: F.S. 689.01, Lease Types
Q143. Which disclosure is not required in a residential transaction involving a condominium resale?
Correct Answer: D
Explanation: Lead-based paint disclosures apply only to homes built before 1978 not condominiums specifically unless age applies.
Citation: 42 U.S. Code § 4852d
Explanation: Lead-based paint disclosures apply only to homes built before 1978 not condominiums specifically unless age applies.
Citation: 42 U.S. Code § 4852d
Q144. What is the effect of a zoning variance?
Correct Answer: C
Explanation: A variance allows deviation from zoning without amending the zoning ordinance itself.
Citation: F.S. 163.3164
Explanation: A variance allows deviation from zoning without amending the zoning ordinance itself.
Citation: F.S. 163.3164
Q145. A broker receives a referral fee from a title company without disclosure. This violates which federal law?
Correct Answer: B
Explanation: RESPA prohibits kickbacks and unearned fees for referrals in federally related mortgage transactions.
Citation: RESPA, 12 U.S. Code §2607
Explanation: RESPA prohibits kickbacks and unearned fees for referrals in federally related mortgage transactions.
Citation: RESPA, 12 U.S. Code §2607
Q146. A transaction broker must disclose their role to all parties:
Correct Answer: D
Explanation: Florida law requires no written disclosure for transaction brokerage only for single agent and no brokerage relationships.
Citation: F.S. 475.278(1)(b)
Explanation: Florida law requires no written disclosure for transaction brokerage only for single agent and no brokerage relationships.
Citation: F.S. 475.278(1)(b)
Q147. A foreign investor sells Florida real estate. What is required at closing under FIRPTA?
Correct Answer: C
Explanation: Under FIRPTA, the buyer is responsible for withholding 15% of the gross sale price from a foreign seller.
Citation: FIRPTA 26 U.S.C. §1445
Explanation: Under FIRPTA, the buyer is responsible for withholding 15% of the gross sale price from a foreign seller.
Citation: FIRPTA 26 U.S.C. §1445
Q148. What is the maximum fine per offense that the FREC can impose for a license law violation?
Correct Answer: C
Explanation: FREC may impose a civil fine of up to $5,000 per violation.
Citation: F.S. 475.25(1)
Explanation: FREC may impose a civil fine of up to $5,000 per violation.
Citation: F.S. 475.25(1)
Q149. The statute of frauds in Florida requires that:
Correct Answer: C
Explanation: The statute of frauds mandates that contracts for sale of real estate must be in writing and signed.
Citation: F.S. 725.01
Explanation: The statute of frauds mandates that contracts for sale of real estate must be in writing and signed.
Citation: F.S. 725.01
Q150. Which approach to value would be most appropriate for a unique church building?
Correct Answer: C
Explanation: Special-purpose properties like churches are best valued by cost minus depreciation, as comps are rare.
Citation: Pearson VUE Appraisal Methods
Explanation: Special-purpose properties like churches are best valued by cost minus depreciation, as comps are rare.
Citation: Pearson VUE Appraisal Methods
Q151. What is the purpose of the tax certificate sale in Florida?
Correct Answer: B
Explanation: Tax certificates are sold to investors so that counties can recover delinquent taxes.
Citation: F.S. 197.432
Explanation: Tax certificates are sold to investors so that counties can recover delinquent taxes.
Citation: F.S. 197.432
Q152. A broker assigns another licensee in the firm to a buyer and a different one to the seller in the same transaction. This is known as:
Correct Answer: C
Explanation: Only in non-residential transactions with consent may a broker designate licensees to represent each side.
Citation: F.S. 475.278(5)(A.
Explanation: Only in non-residential transactions with consent may a broker designate licensees to represent each side.
Citation: F.S. 475.278(5)(A.
Q153. What type of loan clause prevents the borrower from transferring the mortgage to another party?
Correct Answer: D
Explanation: The due-on-sale clause allows lenders to demand full repayment upon transfer of title.
Citation: FNMA Uniform Security Instrument
Explanation: The due-on-sale clause allows lenders to demand full repayment upon transfer of title.
Citation: FNMA Uniform Security Instrument
Q154. A seller gives false information about the property boundaries. The buyer discovers the truth after closing. Which legal claim is most appropriate?
Correct Answer: D
Explanation: Intentional or negligent misstatements about facts like boundaries may support a misrepresentation claim.
Citation: Johnson v. Davis
Explanation: Intentional or negligent misstatements about facts like boundaries may support a misrepresentation claim.
Citation: Johnson v. Davis
Q155. The buyer of a timeshare unit has how many calendar days to cancel the contract?
Correct Answer: C
Explanation: Timeshare buyers have a 10-day cancellation period under Florida law.
Citation: F.S. 721.10
Explanation: Timeshare buyers have a 10-day cancellation period under Florida law.
Citation: F.S. 721.10
Q156. A brokerage account used to hold escrow funds must be:
Correct Answer: C
Explanation: Escrow funds must be placed in a Florida-based depository interest-bearing or not with proper records.
Citation: F.S. 475.25(1)(k)
Explanation: Escrow funds must be placed in a Florida-based depository interest-bearing or not with proper records.
Citation: F.S. 475.25(1)(k)
Q157. When using the income approach, what is the formula for estimating value?
Correct Answer: B
Explanation: Value = Net Operating Income ÷ Capitalization Rate
Citation: Pearson VUE Handbook Income Approach
Explanation: Value = Net Operating Income ÷ Capitalization Rate
Citation: Pearson VUE Handbook Income Approach
Q158. A buyer’s earnest money check bounces after contract execution. What is the most likely outcome?
Correct Answer: C
Explanation: A bounced deposit is considered a default by the buyer, allowing the seller to cancel or seek remedies.
Citation: F.S. 475.25; Contract law
Explanation: A bounced deposit is considered a default by the buyer, allowing the seller to cancel or seek remedies.
Citation: F.S. 475.25; Contract law
Q159. A Florida broker may hold multiple broker licenses only when:
Correct Answer: C
Explanation: Multiple broker licenses are allowed if each brokerage is independently registered with the state.
Citation: F.S. 475.215
Explanation: Multiple broker licenses are allowed if each brokerage is independently registered with the state.
Citation: F.S. 475.215
Q160. A broker’s license is suspended. What happens to the sales associates registered under that broker?
Correct Answer: B
Explanation: When a broker’s license is suspended, associated sales associates become involuntarily inactive.
Citation: F.S. 475.24
Explanation: When a broker’s license is suspended, associated sales associates become involuntarily inactive.
Citation: F.S. 475.24
Q161. Which action would most likely constitute commingling of funds?
Correct Answer: A
Explanation: Mixing personal or business funds with client escrow funds is commingling and a violation of license law.
Citation: F.S. 475.25(1)(k)
Explanation: Mixing personal or business funds with client escrow funds is commingling and a violation of license law.
Citation: F.S. 475.25(1)(k)
Q162. A broker receives conflicting demands for escrow funds and notifies FREC. How long does the broker have to implement a settlement procedure?
Correct Answer: D
Explanation: Brokers must initiate one of the four settlement procedures within 30 business days of receiving conflicting demands.
Citation: F.S. 475.25(1)(d)
Explanation: Brokers must initiate one of the four settlement procedures within 30 business days of receiving conflicting demands.
Citation: F.S. 475.25(1)(d)
Q163. Which document is legally required when an owner finances the sale of residential property with an agreement to accept installment payments?
Correct Answer: D
Explanation: A contract for deed allows the seller to retain title while the buyer makes payments over time.
Citation: Pearson VUE Handbook Seller Financing
Explanation: A contract for deed allows the seller to retain title while the buyer makes payments over time.
Citation: Pearson VUE Handbook Seller Financing
Q164. A landlord wishes to terminate a month-to-month tenancy. How much notice is required under Florida law?
Correct Answer: B
Explanation: Either party may terminate a month-to-month residential lease by giving at least 15 days’ written notice.
Citation: F.S. 83.57(3)
Explanation: Either party may terminate a month-to-month residential lease by giving at least 15 days’ written notice.
Citation: F.S. 83.57(3)
Q165. A property’s zoning is changed and the structure no longer conforms to the code but is allowed to remain. This is a:
Correct Answer: C
Explanation: A legal nonconforming use arises when a zoning law changes but an existing use is grandfathered in.
Citation: F.S. 163.3164(14)
Explanation: A legal nonconforming use arises when a zoning law changes but an existing use is grandfathered in.
Citation: F.S. 163.3164(14)
Q166. A real estate licensee who violates the Fair Housing Act may be subject to action by:
Correct Answer: B
Explanation: Both HUD and state licensing agencies like DBPR can take action for fair housing violations.
Citation: Fair Housing Act; F.S. 760.20 760.37
Explanation: Both HUD and state licensing agencies like DBPR can take action for fair housing violations.
Citation: Fair Housing Act; F.S. 760.20 760.37
Q167. In a 1031 tax-deferred exchange, which of the following is not a requirement?
Correct Answer: D
Explanation: The properties must be “like-kind” in purpose, not in location or type.
Citation: IRS Code §1031
Explanation: The properties must be “like-kind” in purpose, not in location or type.
Citation: IRS Code §1031
Q168. When using the cost-depreciation approach, which type of depreciation is usually not curable?
Correct Answer: C
Explanation: External (economic) obsolescence, like a nearby landfill, is usually incurable.
Citation: Pearson VUE Handbook Appraisal
Explanation: External (economic) obsolescence, like a nearby landfill, is usually incurable.
Citation: Pearson VUE Handbook Appraisal
Q169. A licensed personal assistant is legally allowed to:
Correct Answer: C
Explanation: Only non-licensed clerical and administrative tasks are permitted for personal assistants.
Citation: FREC Guidelines; F.S. 475.01
Explanation: Only non-licensed clerical and administrative tasks are permitted for personal assistants.
Citation: FREC Guidelines; F.S. 475.01
Q170. A real estate brokerage changes business address. What is required of the broker?
Correct Answer: B
Explanation: Brokers must notify DBPR within 10 days (not 30), but 30 was included to make it harder.
Citation: F.S. 475.23
Explanation: Brokers must notify DBPR within 10 days (not 30), but 30 was included to make it harder.
Citation: F.S. 475.23
Q171. A property is sold as is with full disclosures. Which defect must still be disclosed to the buyer?
Correct Answer: B
Explanation: Material defects known to the seller and not observable must be disclosed, even with “as is” terms.
Citation: Johnson v. Davis
Explanation: Material defects known to the seller and not observable must be disclosed, even with “as is” terms.
Citation: Johnson v. Davis
Q172. When calculating loan-to-value (LTV), which figure is used in the denominator?
Correct Answer: B
Explanation: LTV is based on the lower of the sales price or appraised value.
Citation: Pearson VUE Handbook Mortgage Calculations
Explanation: LTV is based on the lower of the sales price or appraised value.
Citation: Pearson VUE Handbook Mortgage Calculations
Q173. What is the penalty for performing real estate services for compensation without a license?
Correct Answer: D
Explanation: Unlicensed activity is a third-degree felony in Florida when performed for compensation.
Citation: F.S. 475.42(1)(A.
Explanation: Unlicensed activity is a third-degree felony in Florida when performed for compensation.
Citation: F.S. 475.42(1)(A.
Q174. A buyer applies for an FHA loan. What is the maximum allowable seller contribution toward closing costs?
Correct Answer: B
Explanation: FHA allows up to 6% seller contribution toward closing costs.
Citation: HUD Handbook 4000.1
Explanation: FHA allows up to 6% seller contribution toward closing costs.
Citation: HUD Handbook 4000.1
Q175. In an agency relationship, fiduciary duties are owed to:
Correct Answer: B
Explanation: Fiduciary duties are owed only to the principal (client) in a single agency relationship.
Citation: F.S. 475.278(3)
Explanation: Fiduciary duties are owed only to the principal (client) in a single agency relationship.
Citation: F.S. 475.278(3)
Q176. A joint tenancy can be destroyed if:
Correct Answer: C
Explanation: Selling one’s interest severs the joint tenancy, converting it to a tenancy in common.
Citation: F.S. 689.15
Explanation: Selling one’s interest severs the joint tenancy, converting it to a tenancy in common.
Citation: F.S. 689.15
Q177. A prospective buyer asks a broker about the racial demographics of a neighborhood. The broker should:
Correct Answer: C
Explanation: Brokers must avoid steering or implying preferences; refer to objective, third-party sources.
Citation: Fair Housing Act
Explanation: Brokers must avoid steering or implying preferences; refer to objective, third-party sources.
Citation: Fair Housing Act
Q178. When must a broker deposit escrow funds into a trust account?
Correct Answer: C
Explanation: Florida brokers must deposit escrow funds within 3 business days of receipt.
Citation: F.S. 475.25(1)(k)
Explanation: Florida brokers must deposit escrow funds within 3 business days of receipt.
Citation: F.S. 475.25(1)(k)
Q179. A buyer has a contract to purchase but finds a more desirable property. What happens if they cancel without legal justification?
Correct Answer: A
Explanation: Buyers who breach a contract may forfeit escrow or be liable for agreed liquidated damages.
Citation: Pearson VUE Handbook Contract Law
Explanation: Buyers who breach a contract may forfeit escrow or be liable for agreed liquidated damages.
Citation: Pearson VUE Handbook Contract Law
Q180. A broker wants to advertise on social media. Which of the following is required?
Correct Answer: C
Explanation: All ads must include the brokerage’s registered name, even on social media.
Citation: F.S. 475.25(1)(c)
Explanation: All ads must include the brokerage’s registered name, even on social media.
Citation: F.S. 475.25(1)(c)
Q181. A buyer and seller agree verbally on a property purchase. The buyer sends a deposit but no written contract exists. What is the status of the agreement?
Correct Answer: D
Explanation: The Statute of Frauds requires contracts involving the transfer of real property to be in writing to be enforceable.
Citation: F.S. 725.01
Explanation: The Statute of Frauds requires contracts involving the transfer of real property to be in writing to be enforceable.
Citation: F.S. 725.01
Q182. A property manager budgeting for recurring expenses like utilities and lawn care should include them under:
Correct Answer: D
Explanation: Day-to-day expenses necessary to keep the property operational are classified as operating expenses.
Citation: Pearson VUE Handbook Property Management
Explanation: Day-to-day expenses necessary to keep the property operational are classified as operating expenses.
Citation: Pearson VUE Handbook Property Management
Q183. What form of ownership allows a married couple to protect a Florida homestead from individual creditors of one spouse?
Correct Answer: C
Explanation: Tenancy by the entirety protects homestead property from claims against one spouse individually.
Citation: F.S. 689.115
Explanation: Tenancy by the entirety protects homestead property from claims against one spouse individually.
Citation: F.S. 689.115
Q184. What type of mortgage includes both real and personal property, such as appliances and fixtures?
Correct Answer: B
Explanation: A package mortgage covers both real estate and personal property included in the loan.
Citation: Pearson VUE Handbook Mortgage Types
Explanation: A package mortgage covers both real estate and personal property included in the loan.
Citation: Pearson VUE Handbook Mortgage Types
Q185. What legal concept is established when a party is prevented from asserting rights because of inconsistent past actions?
Correct Answer: B
Explanation: Estoppel bars a party from asserting something contrary to previous conduct or statements.
Citation: F.S. 90.803(22); contract case law
Explanation: Estoppel bars a party from asserting something contrary to previous conduct or statements.
Citation: F.S. 90.803(22); contract case law
Q186. When must a license applicant disclose a felony conviction that was sealed by the court?
Correct Answer: C
Explanation: Florida real estate applicants must disclose all convictions, including sealed or expunged, when applying.
Citation: F.S. 455.227(1)(t)
Explanation: Florida real estate applicants must disclose all convictions, including sealed or expunged, when applying.
Citation: F.S. 455.227(1)(t)
Q187. Which appraisal principle suggests the most profitable use of a property determines its value?
Correct Answer: C
Explanation: Highest and best use is the legal use that yields the highest return and drives value.
Citation: Pearson VUE Handbook Appraisal Concepts
Explanation: Highest and best use is the legal use that yields the highest return and drives value.
Citation: Pearson VUE Handbook Appraisal Concepts
Q188. A seller has received multiple offers. Legally, the seller:
Correct Answer: D
Explanation: Sellers may respond to offers however they wish; they are not required to accept the highest offer.
Citation: F.S. 475.25(1); contract law principles
Explanation: Sellers may respond to offers however they wish; they are not required to accept the highest offer.
Citation: F.S. 475.25(1); contract law principles
Q189. A Florida broker is also a licensed attorney. When acting solely as an attorney in a transaction, they:
Correct Answer: B
Explanation: Attorneys acting within their legal profession and not providing real estate services are exempt from licensure.
Citation: F.S. 475.011
Explanation: Attorneys acting within their legal profession and not providing real estate services are exempt from licensure.
Citation: F.S. 475.011
Q190. Which of the following is true about the role of a notary in real estate closings in Florida?
Correct Answer: C
Explanation: A notary’s role is to verify identity and witness signatures not to interpret or validate legal terms.
Citation: F.S. 117.05
Explanation: A notary’s role is to verify identity and witness signatures not to interpret or validate legal terms.
Citation: F.S. 117.05
Q191. The portion of a mortgage payment that reduces the principal balance is called:
Correct Answer: C
Explanation: Amortization is the process of gradually reducing loan principal through scheduled payments.
Citation: Pearson VUE Mortgage Math
Explanation: Amortization is the process of gradually reducing loan principal through scheduled payments.
Citation: Pearson VUE Mortgage Math
Q192. A developer who fails to provide required condo disclosures may face:
Correct Answer: B
Explanation: The buyer has the right to cancel the contract if disclosure is not properly provided.
Citation: F.S. 718.503
Explanation: The buyer has the right to cancel the contract if disclosure is not properly provided.
Citation: F.S. 718.503
Q193. An abstract of title provides:
Correct Answer: B
Explanation: An abstract is a summary of recorded documents related to title but offers no guarantee.
Citation: Pearson VUE Title & Ownership
Explanation: An abstract is a summary of recorded documents related to title but offers no guarantee.
Citation: Pearson VUE Title & Ownership
Q194. In Florida, how long must escrow account records be retained?
Correct Answer: C
Explanation: Brokers must retain escrow and transaction records for 5 years (or 2 years after litigation ends).
Citation: F.S. 475.5015
Explanation: Brokers must retain escrow and transaction records for 5 years (or 2 years after litigation ends).
Citation: F.S. 475.5015
Q195. Which ownership right is the right to exclude others from the property?
Correct Answer: D
Explanation: The right of exclusion allows property owners to prevent unauthorized entry.
Citation: Bundle of Rights Property Law
Explanation: The right of exclusion allows property owners to prevent unauthorized entry.
Citation: Bundle of Rights Property Law
Q196. A mortgage lender advertises “No credit check required!” without qualifying language. This likely violates:
Correct Answer: C
Explanation: TILA requires clear and complete disclosure of terms misleading ads without APR or conditions violate it.
Citation: 12 CFR §1026
Explanation: TILA requires clear and complete disclosure of terms misleading ads without APR or conditions violate it.
Citation: 12 CFR §1026
Q197. Which agency oversees timeshare development and sales in Florida?
Correct Answer: D
Explanation: Timeshare oversight falls under this DBPR division, not FREC.
Citation: F.S. 721.03
Explanation: Timeshare oversight falls under this DBPR division, not FREC.
Citation: F.S. 721.03
Q198. Which of the following best describes the principle of substitution in appraisal?
Correct Answer: A
Explanation: Substitution states that a rational buyer will not pay more than the cost of an equally desirable alternative.
Citation: Pearson VUE Appraisal Principles
Explanation: Substitution states that a rational buyer will not pay more than the cost of an equally desirable alternative.
Citation: Pearson VUE Appraisal Principles
Q199. A real estate licensee attempts to collect a fee for appraising property. This is a violation because:
Correct Answer: B
Explanation: Licensees may only perform CMAs, not appraisals for compensation unless also licensed as appraisers.
Citation: F.S. 475.612(2)
Explanation: Licensees may only perform CMAs, not appraisals for compensation unless also licensed as appraisers.
Citation: F.S. 475.612(2)
Q200. A seller lists a property and later learns of an undisclosed lien. What is the likely outcome?
Correct Answer: B
Explanation: Liens must be disclosed and typically satisfied before or at closing; they do not cancel listings automatically.
Citation: F.S. 475.278(2)(d)
Explanation: Liens must be disclosed and typically satisfied before or at closing; they do not cancel listings automatically.
Citation: F.S. 475.278(2)(d)
Q201. A real estate licensee receives an earnest money deposit on Friday at 4 p.m. What is the latest time the broker can deposit it?
Correct Answer: C
Explanation: The broker has 3 business days (excluding weekends/holidays) from receipt to deposit funds.
Citation: F.S. 475.25(1)(k)
Explanation: The broker has 3 business days (excluding weekends/holidays) from receipt to deposit funds.
Citation: F.S. 475.25(1)(k)
Q202. Which party is legally authorized to draft a deed in a Florida transaction?
Correct Answer: B
Explanation: Only attorneys may legally draft deeds in Florida brokers may fill in blanks, but not create legal documents.
Citation: F.S. 475.25; Florida Bar v. Brumbaugh
Explanation: Only attorneys may legally draft deeds in Florida brokers may fill in blanks, but not create legal documents.
Citation: F.S. 475.25; Florida Bar v. Brumbaugh
Q203. In which scenario is the broker not entitled to a commission?
Correct Answer: C
Explanation: If a contingency (like financing) is unmet, no commission is earned. Broker earns commission only when buyer is ready, willing, and able.
Citation: Pearson VUE Handbook Agency
Explanation: If a contingency (like financing) is unmet, no commission is earned. Broker earns commission only when buyer is ready, willing, and able.
Citation: Pearson VUE Handbook Agency
Q204. Which of the following is not a requirement of a valid listing agreement in Florida?
Correct Answer: A
Explanation: A valid listing agreement must have at least one owner’s signature and a definite expiration date, but not all owners are required to sign.
Citation: F.S. 475.25(1)(r)
Explanation: A valid listing agreement must have at least one owner’s signature and a definite expiration date, but not all owners are required to sign.
Citation: F.S. 475.25(1)(r)
Q205. A sales associate forms a PA (Professional Association) and is paid through it. Who must the check come from?
Correct Answer: C
Explanation: Sales associates may only be paid by their employing broker even if they form a PA.
Citation: F.S. 475.161
Explanation: Sales associates may only be paid by their employing broker even if they form a PA.
Citation: F.S. 475.161
Q206. A property’s market value is $280,000. The buyer secures a mortgage of $224,000. What is the LTV ratio?
Correct Answer: B
Explanation: $224,000 ÷ $280,000 = 0.80, or 80% loan-to-value.
Citation: Pearson VUE Mortgage Math
Explanation: $224,000 ÷ $280,000 = 0.80, or 80% loan-to-value.
Citation: Pearson VUE Mortgage Math
Q207. A single agent transitions to transaction broker during a negotiation. What must occur?
Correct Answer: B
Explanation: Transitioning from single agency to transaction brokerage requires written informed consent.
Citation: F.S. 475.278(3)(b)
Explanation: Transitioning from single agency to transaction brokerage requires written informed consent.
Citation: F.S. 475.278(3)(b)
Q208. A sales associate disagrees with their employer’s instructions on how to conduct a showing. What duty is owed to the broker?
Correct Answer: C
Explanation: Licensees owe obedience to their broker’s lawful instructions even if they disagree.
Citation: F.S. 475.278(3)
Explanation: Licensees owe obedience to their broker’s lawful instructions even if they disagree.
Citation: F.S. 475.278(3)
Q209. Which clause in a deed guarantees that the grantor owns the property and has the right to convey it?
Correct Answer: A
Explanation: The covenant of seisin affirms that the grantor has ownership and the right to transfer.
Citation: F.S. 689.01; Deed Clauses
Explanation: The covenant of seisin affirms that the grantor has ownership and the right to transfer.
Citation: F.S. 689.01; Deed Clauses
Q210. The monthly rent on an investment property is $2,400. If the property sold for $288,000, what is the gross rent multiplier (GRM)?
Correct Answer: D
Explanation: GRM = Price ÷ Monthly Rent ? $288,000 ÷ $2,400 = 120
Citation: Pearson VUE Income Valuation
Explanation: GRM = Price ÷ Monthly Rent ? $288,000 ÷ $2,400 = 120
Citation: Pearson VUE Income Valuation
Q211. A 6% brokerage fee is negotiated. If the property sells for $375,000, how much is the commission?
Correct Answer: B
Explanation: $375,000 × 0.06 = $22,500
Citation: Basic commission math
Explanation: $375,000 × 0.06 = $22,500
Citation: Basic commission math
Q212. A licensee wants to avoid accidental misrepresentation during a showing. What is the most appropriate action?
Correct Answer: A
Explanation: Full disclosure of known material facts protects both the licensee and the consumer.
Citation: Johnson v. Davis; F.S. 475.278
Explanation: Full disclosure of known material facts protects both the licensee and the consumer.
Citation: Johnson v. Davis; F.S. 475.278
Q213. A property’s assessed value is $215,000. The owner qualifies for the full $50,000 homestead exemption. What is the taxable value?
Correct Answer: B
Explanation: $215,000 $50,000 = $165,000; but first $25,000 applies to all, and next $25,000 does not apply to school taxes, but is still excluded from taxable base.
Citation: F.S. 196.031
Explanation: $215,000 $50,000 = $165,000; but first $25,000 applies to all, and next $25,000 does not apply to school taxes, but is still excluded from taxable base.
Citation: F.S. 196.031
Q214. A landlord fails to return a security deposit or explain deductions within 30 days. What is the result?
Correct Answer: C
Explanation: If the landlord doesn’t notify the tenant within 30 days, they waive the right to keep any part of the deposit.
Citation: F.S. 83.49(3)(a)
Explanation: If the landlord doesn’t notify the tenant within 30 days, they waive the right to keep any part of the deposit.
Citation: F.S. 83.49(3)(a)
Q215. What defines a township in the rectangular survey system?
Correct Answer: A
Explanation: Townships are squares measuring 6 × 6 miles, totaling 36 square miles.
Citation: Pearson VUE Handbook Legal Descriptions
Explanation: Townships are squares measuring 6 × 6 miles, totaling 36 square miles.
Citation: Pearson VUE Handbook Legal Descriptions
Q216. A seller gives power of attorney to a friend to sell their home while abroad. This creates what kind of agency?
Correct Answer: D
Explanation: Power of attorney for all matters (including legal and financial) creates a universal agency.
Citation: F.S. 709.2104
Explanation: Power of attorney for all matters (including legal and financial) creates a universal agency.
Citation: F.S. 709.2104
Q217. A developer pays all infrastructure costs to build roads and water lines for a subdivision. What type of development funding is this?
Correct Answer: D
Explanation: A developer-exacted contribution occurs when the developer pays directly for improvements tied to project approval.
Citation: Pearson VUE Land Use Planning
Explanation: A developer-exacted contribution occurs when the developer pays directly for improvements tied to project approval.
Citation: Pearson VUE Land Use Planning
Q218. Which contract element is not required for enforceability?
Correct Answer: D
Explanation: Earnest money is not required for a valid contract it is a good faith deposit, not a legal element.
Citation: F.S. 725.01; Contract Law
Explanation: Earnest money is not required for a valid contract it is a good faith deposit, not a legal element.
Citation: F.S. 725.01; Contract Law
Q219. A brokerage account is audited and shows that the broker failed to reconcile monthly. What’s the likely result?
Correct Answer: A
Explanation: Brokers are required to reconcile escrow accounts monthly. Failure may result in disciplinary action.
Citation: Rule 61J2-14.012(2), F.A.C.
Explanation: Brokers are required to reconcile escrow accounts monthly. Failure may result in disciplinary action.
Citation: Rule 61J2-14.012(2), F.A.C.
Q220. What best describes a cooperative ownership structure?
Correct Answer: B
Explanation: In a cooperative, the corporation owns the building, and residents own stock that gives them the right to occupy a unit.
Citation: F.S. 719.103
Explanation: In a cooperative, the corporation owns the building, and residents own stock that gives them the right to occupy a unit.
Citation: F.S. 719.103
Q221. A property manager collects a tenant’s rent and accidentally deposits it into the company’s operating account. What violation has occurred?
Correct Answer: A
Explanation: Commingling occurs when client funds are mixed with the broker’s business or personal funds.
Citation: F.S. 475.25(1)(k)
Explanation: Commingling occurs when client funds are mixed with the broker’s business or personal funds.
Citation: F.S. 475.25(1)(k)
Q222. Which of the following creates an agency relationship without a written agreement?
Correct Answer: C
Explanation: An implied agency arises from the conduct of the parties, even without a written contract.
Citation: F.S. 475.01; Common Law Agency
Explanation: An implied agency arises from the conduct of the parties, even without a written contract.
Citation: F.S. 475.01; Common Law Agency
Q223. A broker’s license is revoked for escrow mishandling. What happens to the licenses of their sales associates?
Correct Answer: C
Explanation: When a broker’s license is revoked or suspended, the related licensees become involuntarily inactive.
Citation: F.S. 475.24
Explanation: When a broker’s license is revoked or suspended, the related licensees become involuntarily inactive.
Citation: F.S. 475.24
Q224. The right of survivorship is automatically included in which type of ownership?
Correct Answer: B
Explanation: In joint tenancy, the surviving co-owners automatically inherit the deceased’s share.
Citation: F.S. 689.15
Explanation: In joint tenancy, the surviving co-owners automatically inherit the deceased’s share.
Citation: F.S. 689.15
Q225. Which situation would most likely result in a constructive eviction?
Correct Answer: A
Explanation: If the landlord’s neglect makes the unit uninhabitable, the tenant may vacate and claim constructive eviction.
Citation: F.S. 83.56(1)
Explanation: If the landlord’s neglect makes the unit uninhabitable, the tenant may vacate and claim constructive eviction.
Citation: F.S. 83.56(1)
Q226. Which of the following property types is exempt from federal fair housing law?
Correct Answer: C
Explanation: Fair housing laws apply only to residential properties, not commercial.
Citation: 42 U.S.C. § 3603
Explanation: Fair housing laws apply only to residential properties, not commercial.
Citation: 42 U.S.C. § 3603
Q227. Which deed offers the least protection to the buyer?
Correct Answer: C
Explanation: A quitclaim deed conveys no warranties or title guarantees it only transfers the grantor’s interest.
Citation: F.S. 689.07
Explanation: A quitclaim deed conveys no warranties or title guarantees it only transfers the grantor’s interest.
Citation: F.S. 689.07
Q228. What is the result of a legal description using metes and bounds ?
Correct Answer: C
Explanation: Metes and bounds describes a property’s boundaries using distance and direction.
Citation: Pearson VUE Handbook Legal Descriptions
Explanation: Metes and bounds describes a property’s boundaries using distance and direction.
Citation: Pearson VUE Handbook Legal Descriptions
Q229. When a property owner dies without a will or heirs, what happens to the real estate?
Correct Answer: C
Explanation: Escheat transfers ownership to the state when no legal heirs exist.
Citation: F.S. 732.107
Explanation: Escheat transfers ownership to the state when no legal heirs exist.
Citation: F.S. 732.107
Q230. In a lien-theory state like Florida, who holds title during the mortgage period?
Correct Answer: B
Explanation: In lien-theory states, the borrower retains title; the lender holds a lien.
Citation: F.S. 697.02
Explanation: In lien-theory states, the borrower retains title; the lender holds a lien.
Citation: F.S. 697.02
Q231. A licensee’s advertisement claims best price guaranteed. This could be considered:
Correct Answer: B
Explanation: Statements that promise unverifiable outcomes (e.g., best price guaranteed) may mislead consumers.
Citation: F.S. 475.25(1)(b)
Explanation: Statements that promise unverifiable outcomes (e.g., best price guaranteed) may mislead consumers.
Citation: F.S. 475.25(1)(b)
Q232. The act of calculating the dollar value of depreciation due to age is most closely associated with:
Correct Answer: B
Explanation: The cost approach subtracts depreciation from replacement cost to estimate value.
Citation: Pearson VUE Handbook Appraisal
Explanation: The cost approach subtracts depreciation from replacement cost to estimate value.
Citation: Pearson VUE Handbook Appraisal
Q233. If a licensee fails to notify the DBPR of a mailing address change within the required time frame, what is the penalty?
Correct Answer: C
Explanation: Not reporting an address change within 10 days results in a citation as a minor violation.
Citation: Rule 61J2-24.002(1)(e), F.A.C.
Explanation: Not reporting an address change within 10 days results in a citation as a minor violation.
Citation: Rule 61J2-24.002(1)(e), F.A.C.
Q234. A deed is not considered valid unless:
Correct Answer: D
Explanation: Recording is not required, but delivery and acceptance are essential for a deed’s validity.
Citation: F.S. 689.01
Explanation: Recording is not required, but delivery and acceptance are essential for a deed’s validity.
Citation: F.S. 689.01
Q235. Which scenario requires a real estate license in Florida?
Correct Answer: C
Explanation: Advertising or promoting property for compensation requires a license.
Citation: F.S. 475.01(1)(a)
Explanation: Advertising or promoting property for compensation requires a license.
Citation: F.S. 475.01(1)(a)
Q236. What is the primary purpose of a title insurance policy?
Correct Answer: C
Explanation: Title insurance protects buyers/lenders from losses due to undiscovered title defects.
Citation: F.S. 627.7843
Explanation: Title insurance protects buyers/lenders from losses due to undiscovered title defects.
Citation: F.S. 627.7843
Q237. A licensee wants to open a brokerage under a fictitious name. What must they do?
Correct Answer: A
Explanation: Fictitious names (DBAs) must be registered and approved by DBPR before use in real estate services.
Citation: F.S. 865.09, F.S. 475.15
Explanation: Fictitious names (DBAs) must be registered and approved by DBPR before use in real estate services.
Citation: F.S. 865.09, F.S. 475.15
Q238. A buyer makes an offer, and the seller makes changes and signs it. What is the status of the offer?
Correct Answer: C
Explanation: Any change to an offer constitutes a counteroffer and voids the original offer.
Citation: Pearson VUE Contract Law
Explanation: Any change to an offer constitutes a counteroffer and voids the original offer.
Citation: Pearson VUE Contract Law
Q239. In an exclusive agency listing, the broker is entitled to a commission unless:
Correct Answer: B
Explanation: In exclusive agency listings, no commission is owed if the seller finds the buyer.
Citation: F.S. 475.01(1)(h)
Explanation: In exclusive agency listings, no commission is owed if the seller finds the buyer.
Citation: F.S. 475.01(1)(h)
Q240. What is the relationship between a broker and the principal in a single agency?
Correct Answer: A
Explanation: A single agent owes fiduciary duties to the principal (client).
Citation: F.S. 475.278(3)
Explanation: A single agent owes fiduciary duties to the principal (client).
Citation: F.S. 475.278(3)
Q241. What is the function of a deed restriction in a residential subdivision?
Correct Answer: B
Explanation: Deed restrictions limit how property can be used (e.g., no commercial use, minimum square footage).
Citation: F.S. 689.21
Explanation: Deed restrictions limit how property can be used (e.g., no commercial use, minimum square footage).
Citation: F.S. 689.21
Q242. A buyer under contract discovers that the property was misrepresented and withdraws. What happens to the escrow deposit?
Correct Answer: C
Explanation: If the buyer cancels due to a material misrepresentation, they are generally entitled to a refund.
Citation: Johnson v. Davis
Explanation: If the buyer cancels due to a material misrepresentation, they are generally entitled to a refund.
Citation: Johnson v. Davis
Q243. Which item is typically not included in the closing disclosure?
Correct Answer: B
Explanation: The APR is shown in the Loan Estimate, not the Closing Disclosure.
Citation: TILA-RESPA Integrated Disclosure Rule (TRID)
Explanation: The APR is shown in the Loan Estimate, not the Closing Disclosure.
Citation: TILA-RESPA Integrated Disclosure Rule (TRID)
Q244. A broker discovers a math error in their own listing advertisement. What is the best action?
Correct Answer: B
Explanation: Brokers must ensure all advertising is accurate. Errors should be corrected promptly.
Citation: F.S. 475.25(1)(b)
Explanation: Brokers must ensure all advertising is accurate. Errors should be corrected promptly.
Citation: F.S. 475.25(1)(b)
Q245. Which of the following types of real estate ownership bypasses probate upon death?
Correct Answer: C
Explanation: Survivorship means the deceased’s interest automatically transfers to co-owners.
Citation: F.S. 689.15
Explanation: Survivorship means the deceased’s interest automatically transfers to co-owners.
Citation: F.S. 689.15
Q246. What is the purpose of a buffer zone in zoning?
Correct Answer: B
Explanation: Buffer zones separate conflicting land uses (e.g., residential and commercial) for safety and aesthetics.
Citation: F.S. 163.3164
Explanation: Buffer zones separate conflicting land uses (e.g., residential and commercial) for safety and aesthetics.
Citation: F.S. 163.3164
Q247. What is the effect of a subordination clause in a mortgage?
Correct Answer: C
Explanation: Subordination clauses allow a newer lien to take precedence over an older one.
Citation: Pearson VUE Mortgage Clauses
Explanation: Subordination clauses allow a newer lien to take precedence over an older one.
Citation: Pearson VUE Mortgage Clauses
Q248. A broker fails to present an offer because it’s lower than asking price. What violation has occurred?
Correct Answer: B
Explanation: Concealing offers violates the duty of full disclosure owed to clients.
Citation: F.S. 475.278(3)(a)
Explanation: Concealing offers violates the duty of full disclosure owed to clients.
Citation: F.S. 475.278(3)(a)
Q249. What is required to legally enforce a lease agreement of more than one year in Florida?
Correct Answer: C
Explanation: The Statute of Frauds requires leases over one year to be in writing and signed.
Citation: F.S. 725.01
Explanation: The Statute of Frauds requires leases over one year to be in writing and signed.
Citation: F.S. 725.01
Q250. Which action would result in the automatic suspension of a Florida real estate license?
Correct Answer: B
Explanation: Failure to pay court-ordered child support can trigger automatic suspension.
Citation: F.S. 409.2598
Explanation: Failure to pay court-ordered child support can trigger automatic suspension.
Citation: F.S. 409.2598
Q251. A broker is holding escrow for a transaction that falls through. The buyer and seller demand conflicting outcomes. What should the broker do?
Correct Answer: C
Explanation: Brokers must notify FREC within 15 business days of receiving conflicting demands.
Citation: F.S. 475.25(1)(d)
Explanation: Brokers must notify FREC within 15 business days of receiving conflicting demands.
Citation: F.S. 475.25(1)(d)
Q252. A commercial tenant signs a lease tied to gross sales. This is called a:
Correct Answer: D
Explanation: In a percentage lease, rent is based on a percentage of the tenant’s gross sales.
Citation: Pearson VUE Lease Types
Explanation: In a percentage lease, rent is based on a percentage of the tenant’s gross sales.
Citation: Pearson VUE Lease Types
Q253. A new sales associate fails the post-licensing exam. What happens to their license?
Correct Answer: C
Explanation: Failing to complete post-licensing education by the deadline voids the license.
Citation: F.S. 475.17(6)
Explanation: Failing to complete post-licensing education by the deadline voids the license.
Citation: F.S. 475.17(6)
Q254. What triggers the requirement for flood insurance under the National Flood Insurance Program (NFIP)?
Correct Answer: C
Explanation: Flood insurance is mandatory for properties in SFHAs with federally backed loans.
Citation: FEMA NFIP Guidelines
Explanation: Flood insurance is mandatory for properties in SFHAs with federally backed loans.
Citation: FEMA NFIP Guidelines
Q255. In a real estate transaction, who is responsible for completing the property disclosure form?
Correct Answer: C
Explanation: The seller is legally responsible for disclosing known defects.
Citation: Johnson v. Davis
Explanation: The seller is legally responsible for disclosing known defects.
Citation: Johnson v. Davis
Q256. The discount rate is most directly controlled by:
Correct Answer: A
Explanation: The Federal Reserve sets the discount rate charged to member banks.
Citation: Pearson VUE Financing Concepts
Explanation: The Federal Reserve sets the discount rate charged to member banks.
Citation: Pearson VUE Financing Concepts
Q257. What must be included in all brokerage relationship disclosure forms?
Correct Answer: D
Explanation: Disclosures must outline the specific duties owed under each relationship.
Citation: F.S. 475.278
Explanation: Disclosures must outline the specific duties owed under each relationship.
Citation: F.S. 475.278
Q258. Which type of loan requires a funding fee that may be financed into the loan amount?
Correct Answer: C
Explanation: VA loans require a non-refundable funding fee, which can be rolled into the loan.
Citation: VA Loan Handbook
Explanation: VA loans require a non-refundable funding fee, which can be rolled into the loan.
Citation: VA Loan Handbook
Q259. A homeowner adds solar panels. What valuation principle may apply when selling the property?
Correct Answer: A
Explanation: The principle of contribution measures how much an improvement adds to value.
Citation: Pearson VUE Appraisal
Explanation: The principle of contribution measures how much an improvement adds to value.
Citation: Pearson VUE Appraisal
Q260. A broker deposits personal funds in the escrow account to cover bank fees. Is this allowed?
Correct Answer: A
Explanation: Brokers may deposit up to $1,000 of personal funds in escrow accounts to cover fees.
Citation: F.S. 475.25(1)(k)
Explanation: Brokers may deposit up to $1,000 of personal funds in escrow accounts to cover fees.
Citation: F.S. 475.25(1)(k)
Q261. A property manager signs a lease on behalf of the owner without written authority. What is the legal status of the lease?
Correct Answer: D
Explanation: Unauthorized acts can be later ratified by the principal, making the agreement enforceable.
Citation: Common Law Agency; Pearson VUE Handbook
Explanation: Unauthorized acts can be later ratified by the principal, making the agreement enforceable.
Citation: Common Law Agency; Pearson VUE Handbook
Q262. Which of the following is the most accurate definition of net listing in Florida?
Correct Answer: B
Explanation: In a net listing, the seller sets a minimum price, and the broker keeps any excess. Legal in FL but discouraged.
Citation: F.S. 475.25(1)(h)
Explanation: In a net listing, the seller sets a minimum price, and the broker keeps any excess. Legal in FL but discouraged.
Citation: F.S. 475.25(1)(h)
Q263. What triggers mandatory disclosure under the Interstate Land Sales Full Disclosure Act (ILSA.?
Correct Answer: C
Explanation: ILSA applies to subdivisions with 100+ non-exempt lots sold across state lines.
Citation: 15 U.S.C. §1701
Explanation: ILSA applies to subdivisions with 100+ non-exempt lots sold across state lines.
Citation: 15 U.S.C. §1701
Q264. What happens if a tenant remains after lease expiration and pays rent which the landlord accepts?
Correct Answer: A
Explanation: Acceptance of rent creates a periodic tenancy or tenancy at will, depending on the situation.
Citation: F.S. 83.04
Explanation: Acceptance of rent creates a periodic tenancy or tenancy at will, depending on the situation.
Citation: F.S. 83.04
Q265. Which type of mortgage loan has the highest risk for negative amortization?
Correct Answer: C
Explanation: GPMs can result in negative amortization if initial payments don’t cover full interest.
Citation: Pearson VUE Financing
Explanation: GPMs can result in negative amortization if initial payments don’t cover full interest.
Citation: Pearson VUE Financing
Q266. A buyer makes a written offer that expires in 72 hours. The seller accepts after 96 hours. What is the legal result?
Correct Answer: C
Explanation: Once an offer expires, a late acceptance is a new offer requiring acceptance by the other party.
Citation: F.S. 475.01 Contracts
Explanation: Once an offer expires, a late acceptance is a new offer requiring acceptance by the other party.
Citation: F.S. 475.01 Contracts
Q267. A developer is required to donate land for a public park in order to obtain zoning approval. This is known as:
Correct Answer: B
Explanation: Dedication is the voluntary transfer of private property for public use as part of development approval.
Citation: Pearson VUE Planning & Zoning
Explanation: Dedication is the voluntary transfer of private property for public use as part of development approval.
Citation: Pearson VUE Planning & Zoning
Q268. Which deed clause defines the interest being granted and the type of ownership?
Correct Answer: B
Explanation: The habendum clause (“to have and to hold”) clarifies the nature of the estate being transferred.
Citation: F.S. 689.01
Explanation: The habendum clause (“to have and to hold”) clarifies the nature of the estate being transferred.
Citation: F.S. 689.01
Q269. A real estate licensee refers a buyer to a mortgage broker and receives $200 as a thank-you. What law is violated?
Correct Answer: C
Explanation: RESPA prohibits referral fees or kickbacks for federally related mortgage loans.
Citation: RESPA 12 U.S.C. §2607
Explanation: RESPA prohibits referral fees or kickbacks for federally related mortgage loans.
Citation: RESPA 12 U.S.C. §2607
Q270. What does a subordination clause accomplish in a junior lien?
Correct Answer: C
Explanation: A subordination clause voluntarily lowers the lien priority of one debt in favor of another.
Citation: Pearson VUE Mortgage Clauses
Explanation: A subordination clause voluntarily lowers the lien priority of one debt in favor of another.
Citation: Pearson VUE Mortgage Clauses
Q271. A seller agrees to pay points to reduce the buyer’s interest rate. What is this called?
Correct Answer: A
Explanation: A buydown involves the payment of discount points to reduce the interest rate.
Citation: Pearson VUE Financing
Explanation: A buydown involves the payment of discount points to reduce the interest rate.
Citation: Pearson VUE Financing
Q272. A real estate brokerage is owned by two partners. One partner’s license is suspended. What must the brokerage do?
Correct Answer: A
Explanation: If any active broker in a partnership is suspended, the brokerage’s license is automatically void until resolved.
Citation: F.S. 475.161
Explanation: If any active broker in a partnership is suspended, the brokerage’s license is automatically void until resolved.
Citation: F.S. 475.161
Q273. A buyer asks about church locations in a specific neighborhood. The best response is:
Correct Answer: B
Explanation: To avoid steering, refer the buyer to objective third-party sources.
Citation: Fair Housing Act
Explanation: To avoid steering, refer the buyer to objective third-party sources.
Citation: Fair Housing Act
Q274. A homestead property has an assessed value of $295,000. What portion is taxable for school district purposes after exemptions?
Correct Answer: C
Explanation: The first $25,000 of the homestead exemption applies to all taxes, but the second $25,000 does not apply to school taxes.
Citation: F.S. 196.031
Explanation: The first $25,000 of the homestead exemption applies to all taxes, but the second $25,000 does not apply to school taxes.
Citation: F.S. 196.031
Q275. Which of the following is not considered legally sufficient consideration in a contract?
Correct Answer: D
Explanation: Consideration must be legal an illegal act makes the contract void.
Citation: F.S. 725.01 Contract Law
Explanation: Consideration must be legal an illegal act makes the contract void.
Citation: F.S. 725.01 Contract Law
Q276. Which Florida statute governs the regulation and licensing of real estate professionals?
Correct Answer: B
Explanation: Chapter 475, F.S., is the primary law governing real estate practice in Florida.
Citation: F.S. 475
Explanation: Chapter 475, F.S., is the primary law governing real estate practice in Florida.
Citation: F.S. 475
Q277. A broker promises a seller that their home will sell within 30 days or the broker will buy it. What’s required for this to be legal?
Correct Answer: B
Explanation: Guaranteed sales programs must include written disclosure of all conditions.
Citation: Rule 61J2-10.025(2), F.A.C.
Explanation: Guaranteed sales programs must include written disclosure of all conditions.
Citation: Rule 61J2-10.025(2), F.A.C.
Q278. What is the key characteristic of tenancy at sufferance?
Correct Answer: B
Explanation: In tenancy at sufferance, the tenant remains without the landlord’s consent after lease expiration.
Citation: F.S. 83.58
Explanation: In tenancy at sufferance, the tenant remains without the landlord’s consent after lease expiration.
Citation: F.S. 83.58
Q279. What does the covenant of quiet enjoyment guarantee?
Correct Answer: B
Explanation: This covenant ensures that the grantee can enjoy the property free from claims against the title.
Citation: F.S. 689.01 Deed Clauses
Explanation: This covenant ensures that the grantee can enjoy the property free from claims against the title.
Citation: F.S. 689.01 Deed Clauses
Q280. A broker receives a $5,000 bonus from a developer after bringing a buyer but does not tell the buyer. What is this?
Correct Answer: B
Explanation: Any compensation from a third party must be disclosed to all parties in writing.
Citation: F.S. 475.278(5)(A.
Explanation: Any compensation from a third party must be disclosed to all parties in writing.
Citation: F.S. 475.278(5)(A.
Q281. A sales associate receives an email from a potential buyer expressing interest in a listed property. When must a brokerage relationship disclosure be provided?
Correct Answer: C
Explanation: Disclosure must occur before showing the property when a single agent or no brokerage relationship exists.
Citation: F.S. 475.278(4)
Explanation: Disclosure must occur before showing the property when a single agent or no brokerage relationship exists.
Citation: F.S. 475.278(4)
Q282. A contract is missing a legal description but contains street address and parcel ID. What is the likely legal outcome?
Correct Answer: C
Explanation: A contract must identify the property with sufficient specificity; missing legal description = unenforceable.
Citation: F.S. 725.01
Explanation: A contract must identify the property with sufficient specificity; missing legal description = unenforceable.
Citation: F.S. 725.01
Q283. In Florida, what must happen before a real estate license can be issued?
Correct Answer: C
Explanation: Applicants must undergo a background check and submit fingerprints before licensing.
Citation: F.S. 475.175
Explanation: Applicants must undergo a background check and submit fingerprints before licensing.
Citation: F.S. 475.175
Q284. A buyer makes an offer that is contingent on financing. Which of the following makes the contract binding?
Correct Answer: D
Explanation: Once the seller accepts the offer, even with contingencies, the contract is binding subject to those terms.
Citation: Pearson VUE Contract Formation
Explanation: Once the seller accepts the offer, even with contingencies, the contract is binding subject to those terms.
Citation: Pearson VUE Contract Formation
Q285. Which of the following is not an essential element of a valid deed?
Correct Answer: C
Explanation: While commonly included, the date is not legally required for validity.
Citation: F.S. 689.01
Explanation: While commonly included, the date is not legally required for validity.
Citation: F.S. 689.01
Q286. If a property appraises below the contract price, and there is a financing contingency, the buyer may:
Correct Answer: C
Explanation: If financing fails due to low appraisal, a contingency allows buyer to exit without penalty.
Citation: F.S. 475.25; Contract Law
Explanation: If financing fails due to low appraisal, a contingency allows buyer to exit without penalty.
Citation: F.S. 475.25; Contract Law
Q287. A broker finds an error in a signed listing agreement. What should they do?
Correct Answer: D
Explanation: Errors in contracts must be corrected with written agreement from both parties.
Citation: F.S. 475.25(1)(b)
Explanation: Errors in contracts must be corrected with written agreement from both parties.
Citation: F.S. 475.25(1)(b)
Q288. In Florida, what is required before practicing real estate as a corporation?
Correct Answer: C
Explanation: Corporations must be registered with DBPR, and at least one officer must be an active broker.
Citation: F.S. 475.15
Explanation: Corporations must be registered with DBPR, and at least one officer must be an active broker.
Citation: F.S. 475.15
Q289. What must be true of all earnest money deposits received by a broker?
Correct Answer: B
Explanation: Florida law requires escrow deposits be placed in a trust account within 3 business days.
Citation: F.S. 475.25(1)(k)
Explanation: Florida law requires escrow deposits be placed in a trust account within 3 business days.
Citation: F.S. 475.25(1)(k)
Q290. The Market Comparison Approach is least effective for valuing:
Correct Answer: B
Explanation: Unique or custom-built properties often lack comparable sales, making this approach less effective.
Citation: Pearson VUE Appraisal
Explanation: Unique or custom-built properties often lack comparable sales, making this approach less effective.
Citation: Pearson VUE Appraisal
Q291. The DBPR may issue a notice of noncompliance without discipline for:
Correct Answer: C
Explanation: Minor, first-time violations may result in non-disciplinary notices instead of formal action.
Citation: F.S. 455.225(3)
Explanation: Minor, first-time violations may result in non-disciplinary notices instead of formal action.
Citation: F.S. 455.225(3)
Q292. What is required for a valid option contract?
Correct Answer: B
Explanation: An option must be supported by some form of consideration (even $1) to be enforceable.
Citation: Pearson VUE Option Contracts
Explanation: An option must be supported by some form of consideration (even $1) to be enforceable.
Citation: Pearson VUE Option Contracts
Q293. What is the result if a landlord violates Florida’s Landlord-Tenant Act by failing to maintain habitable conditions?
Correct Answer: B
Explanation: A tenant may vacate and assert constructive eviction if the unit becomes uninhabitable.
Citation: F.S. 83.51, 83.56
Explanation: A tenant may vacate and assert constructive eviction if the unit becomes uninhabitable.
Citation: F.S. 83.51, 83.56
Q294. A new condominium unit is being sold. How many calendar days does the buyer have to cancel the contract after receiving the disclosures?
Correct Answer: D
Explanation: Buyers of new condos have a 15-day cancellation period.
Citation: F.S. 718.503(1)(A.
Explanation: Buyers of new condos have a 15-day cancellation period.
Citation: F.S. 718.503(1)(A.
Q295. What appraisal principle states that a property’s value is influenced by the cost of acquiring a similar substitute?
Correct Answer: C
Explanation: The principle of substitution underpins the market comparison approach.
Citation: Pearson VUE Appraisal Principles
Explanation: The principle of substitution underpins the market comparison approach.
Citation: Pearson VUE Appraisal Principles
Q296. Which zoning designation is most likely to include shopping centers?
Correct Answer: C
Explanation: C-1 typically refers to neighborhood or general commercial use.
Citation: Local zoning code (C-1 = commercial)
Explanation: C-1 typically refers to neighborhood or general commercial use.
Citation: Local zoning code (C-1 = commercial)
Q297. Which of the following is considered a voluntary lien?
Correct Answer: B
Explanation: A mortgage lien is voluntarily placed by the borrower. Others are involuntary.
Citation: Pearson VUE Types of Liens
Explanation: A mortgage lien is voluntarily placed by the borrower. Others are involuntary.
Citation: Pearson VUE Types of Liens
Q298. A real estate license is considered involuntarily inactive when:
Correct Answer: B
Explanation: Failure to renew before expiration results in involuntary inactive status.
Citation: F.S. 475.183
Explanation: Failure to renew before expiration results in involuntary inactive status.
Citation: F.S. 475.183
Q299. What term describes the right of government to seize private property for public use with compensation?
Correct Answer: A
Explanation: Eminent domain allows government to take property for public use, with just compensation.
Citation: F.S. 73.021
Explanation: Eminent domain allows government to take property for public use, with just compensation.
Citation: F.S. 73.021
Q300. Which type of agency relationship allows the agent to perform all legal acts for the principal?
Correct Answer: C
Explanation: Universal agency grants full authority to act on behalf of the principal in all matters.
Citation: F.S. 475.01(1)(A.
Explanation: Universal agency grants full authority to act on behalf of the principal in all matters.
Citation: F.S. 475.01(1)(A.
Related practice options: