Florida Real Estate Exam Questions and Answers (Latest 2025), Exams of Nursing

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Answers (Latest 2025) 130 Questions

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be?

1. $1,050.
2. $1,260.
3. $630.
4. $525.00 - Correct Answer ✅ $1,260. Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acres Pam owns. She has been driving down the roadway almost every day without permission for over 20 years. This is called what?
5. easement appurtenant.
6. easement by prescription.

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3. easement in gross.
4. easement by necessity. - Correct Answer ✅ 2) easement by prescription When purchasing an existing condominium, the buyer must receive which of the following?
5. Annual operating budget
6. A prospectus
7. Rules and Regulations
8. Articles of incorporation of the association - Correct Answer ✅ 4) Articles of incorporation of the association Todd is an 89-year-old veteran that is legally blind and partially disabled due to injuries he sustained in the military. His home has an assessed value of $150,500. How much will his taxable value be for county taxes?
9. $55,
10. $95,

Answers (Latest 2025) 130 Questions

3) $100,

4. $110,000 - Correct Answer ✅ 2) $95, A contract for deed is also called what?
5. Deed in lieu of foreclosure
6. Land Contract
7. Novation
8. Sales Contract - Correct Answer ✅ 2) Land Contract The cost of borrowing money is called what?
9. Interest
10. Leverage
11. Capitol
12. Credit - Correct Answer ✅ 1) Interest Sally is buying a home and the closing date is set for April 20th. The annual property taxes are $1234.00 and have not been paid yet. How much will the buyer be credited and the seller be debited?

Answers (Latest 2025) 130 Questions

1) $371.

2) $368.

3) $375.

4. $370.36 - Correct Answer ✅ $368. Step 1: Find the daily rate; property taxes for the year ($1234.00) / 365 days = $3.38; Step 2: Seller will credit buyer from January through midnight the day before closing. Calculate the exact number of days; January 31 + February 28 + March 31 + April 19 = 109 days; Step 3: Multiply the daily rate ($3.3808219178) x Number of days (109) = $368. A Landlord has how many days to return a tenants security deposit if not making a claim on the deposit?
5. 10
6. 15
7. 30

Answers (Latest 2025) 130 Questions

4. 45 - Correct Answer ✅ 15 A buyer's loan payment will change if which of the following occur?
5. They have an ARM loan
6. The property taxes increase or decrease
7. Their homeowner's insurance increases
8. All of the above - Correct Answer ✅ All of the above Which statute covers the procedural process?
9. Chapter 455
10. Chapter 120
11. Chapter 475
12. Chapter 20 - Correct Answer ✅ Chapter 120 Which brokerage relationship duty applies to all three types of brokerage relationships?

Answers (Latest 2025) 130 Questions

1. Accounting for all funds
2. Loyalty
3. Using skill, care, and diligence
4. Confidentiality - Correct Answer ✅ Accounting for all funds You sell Jessica a current up-to-date rental list and provide all the proper disclosures and paperwork. Jessica contacts you 15 days later and asks for a refund of the amount she paid for the list because she could not find a rental on the list. She is entitled to how much of a refund?
5. 100%
6. 75%
7. 25%
8. 0% - Correct Answer ✅ 75% A deal failed to close because the buyer was unable to secure financing. The broker received conflicting demands regarding

Answers (Latest 2025) 130 Questions

the earnest money. How long does the broker have to notify FREC?

1. 10 days
2. 15 days
3. 20 days
4. 30 days - Correct Answer ✅ 15 days The Florida Real Estate Commission has seven members. How many must be consumer members who have never held a real estate license?
5. 1
6. 2
7. 3
8. 4 - Correct Answer ✅ 2 Bruce has a survey that is a commercially-zoned parcel. It is 101 feet on the front, 219 feet on the north side, 130 feet on the back and 180 feet on the south side. It is not in a

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recorded subdivision. Which survey method would be likely used for the parcel?

1. lot and block
2. rectangular
3. government survey
4. metes and bounds - Correct Answer ✅ metes and bounds Which statement is unique to the transaction broker relationship?
5. The customer is not responsible for the acts of the licensee.
6. The agent is obligated to a duty of obedience.
7. The licensee must disclose all known facts that materially affect the value of the real property.
8. The buyer or seller must give written consent to enter into the brokerage relationship. - Correct Answer ✅ The customer is not responsible for the acts of the licensee.

Answers (Latest 2025) 130 Questions

Jackson is buying a home for $412,000. His interest rate on the loan will be 4.75% for 15 years. He will have a down payment of $16,480. What is the LTV on the loan?

1. 91%
2. 4%
3. 96%
4. 9.50% - Correct Answer ✅ 96% Gross Rental Multiplier (GRM) is an easy to use calculation to get an estimated value for a potential investment. What is the formula used to calculate the GRM value?
5. Appraised Value Mortgage debt = Gross Rent Multiplier (GRM)
6. Annual Income x Economic Life = Gross Rent Multiplier (GRM)
7. Market Value / Annual Gross Income = Gross Rent Multiplier (GRM)

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4. Annual Income + Equity Value= Gross Rent Multiplier (GRM) - Correct Answer ✅ 3) Market Value / Annual Gross Income = Gross Rent Multiplier (GRM) How much are the doc stamps on a promissory note?
5. $0.
6. $0.
7. $0.
8. $0.45 - Correct Answer ✅ $0. Which statement is FALSE regarding a net listing?
9. The seller agrees to the amount that the seller will net at closing
10. The broker keeps everything over this net price.
11. Net listings are legal in Florida
12. Net listings are unilateral Contracts - Correct Answer ✅ Net listings are unilateral Contracts

Answers (Latest 2025) 130 Questions

There are three types of agents in general business dealings. These include the universal agent, the general agent, and which other one?

1. special agent
2. dual agent
3. single agent
4. sub agent - Correct Answer ✅ special agent Jill bought a house 3 years ago and paid $175,000 for it. Since then, she has made several improvements to the property. Jills boss promoted her to VP of Market 5 and she had to relocate. She sold her house for $375,000 and bought a new house for $290,000. How much of the profit from the sale of her house will she have to pay capital gains on?
5. $200,
6. $85,
7. $375,000 - $175,000- the cost of the improvements
8. $0 - Correct Answer ✅ $

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In general business dealings, which type of agent is authorized by the principal to perform acts related to a certain business or to the employment of a particular nature?

1. General
2. Special
3. Universal
4. Subagent - Correct Answer ✅ General What is homestead protection?
5. The tax deduction everyone gets against property taxes on their primary residence
6. The estimated value that an asset will have at the end of its useful life
7. Net cash remaining to investor after sale of investment property
8. A status provided for a homeowner's principal residence which protects the home against judgment up to a specific

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amount. - Correct Answer ✅ A status provided for a homeowner's principal residence which protects the home against judgment up to a specific amount. What is the song about the days in the months. - Correct Answer ✅ 30 days has September,April, June and NovemberAll the rest have 31And February's great with 28 The statements below are true with respect to the members of the Florida Real Estate Commission EXCEPT that they a) are a mix of real estate practitioners and consumer members b) are accounting to the governor for proper performance c) are DBPR employees d) depend on the DRE for their administrative assistance - Correct Answer ✅ c) are DBPR employees Members of the FREC are appointed by the a) governor and confirmed by the secretary of state b) governor and confirmed by the DBPR secretary

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c) DBPR Security and confirmed by the governor d) governor and confirmed by the state senate - Correct Answer ✅ d) governor and confirmed by the state senate Real estate licensees on active duty with the U.S. Army are required to renew their licenses a) every two years b) on discharge c) within one year after discharge d) within six months after discharge - Correct Answer ✅ d) within six months after discharge The members of the Commission receive a) no compensation for their services b) only a per-diem fee when on official business c) $50 per day when on official business, plus expenses d) an annual salary equal to a state legislator's annual salary

• Correct Answer ✅ c) $50 per day when on official business, plus expenses

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Specific responsibilities of the FREC do NOT include a) determining the amount of licensing fees needed to operate the Commission b) reporting criminal violations to the state's attorney c) informing the Division of Florida Condominiums, Timeshares, and Mobile Homes of disciplinary action against any of its licensees d) providing the services necessary for the preparation and administration of licensing examinations. - Correct Answer ✅ d) providing the services necessary for the preparation and administration of licensing examinations. Which power is NOT granted to the DBPR under Florida Statute 455? a) issue citations b) investigate consumer complaints c) appoint FREC members d) issue subpoenas - Correct Answer ✅ c) appoint FREC members

Answers (Latest 2025) 130 Questions

A sales associate recently moved from Dunedin, Florida, to Hight Springs, Florida. Which statement is TRUE? a) The sales associate must notify the DBPR of her change in current mailing address within 60 days of the change. b) The sales associate must notify the DBPR of her change in current mailing address within 10 days of the change. c) If the sales associate does not change brokers, she is not required to notify the DBPR of her change in mailing address. d) The sales associate's license is automatically canceled until she notifies the DBPR of her change in current address. - Correct Answer ✅ b) The sales associate must notify the DBPR of her change in current mailing address within 10 days of the change. If an active licensee fails to renew her third two-year license before the expiration date on the license, the license will a) revert automatically to involuntary inactive status at the end of the license period b) be suspended automatically c) be canceled, and the licensee will have to retake both the course and the licensing exams

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d) be canceled, and the licensee will have to retake the licensing exam only - Correct Answer ✅ a) revert automatically to involuntary inactive status at the end of the license period The brokerage relationship disclosure requirements in Chapter 475, F.S., apply to the a) sale of a 20-unit apartment complex b) sale of a condominium unit c) residential lease agreement in a duplex d) sale of a book store business and real property - Correct Answer ✅ b) sale of a condominium unit A licensee of ABC realty must give the no brokerage relationship notice to a) a buyer who has a single agent relationship with XYZ Realty b) every prospective buyer and prospective seller in all cases c) a for-sale-by-owner (FSBO) seller before showing the FSBO home to a buyer customer of ABC Realty

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d) every prospective buyer who walks through an open house listed by ABC Realty - Correct Answer ✅ c) a for-sale-by- owner (FSBO) seller before showing the FSBO home to a buyer customer of ABC Realty In the common public relationship that exists in a typical real estate transaction, buyer and sellers are said to be dealing a) in a fiduciary capacity b) at arm's length with each other c) in an agency status with each other d) under the doctrine of ethical confidentiality - Correct Answer ✅ b) at arm's length with each other A broker's obligations to consumers with whom the brokerage firm has a no brokerage relationship include the duty of a) full disclosure b) accounting for all funds c) loyalty d) limited confidentiality - Correct Answer ✅ b) accounting for all funds

Answers (Latest 2025) 130 Questions

Which relationship is a general agency relationship? a) Brokerage company employed under a listing contract b) Relationship between the employing broker and a broker associate c) Sales associate working with a prospective buyer d) Relationship between a sales associate and the seller who has listed property with the brokerage. - Correct Answer ✅ b) Relationship between the employing broker and a broker associate Calls are restricted to the hours of a) 6am-8pm b) 7am-8pm c) 8am-9pm d) 7am-9pm - Correct Answer ✅ c) 8am-9pm Violators of the federal law may be fined up to how much per call? a) $1,

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b) $5, c) $10, d) S11,000 - Correct Answer ✅ d) S11, Violators of Florida's Telemarketing Act may be fined up to how much per call? a) $1, b) $5, c) $10, d) S11,000 - Correct Answer ✅ c) $10, Sales associates who receive a binder deposit must deliver it to their broker no later than the a) end of the next business day b) the day it was received c) end of the second day d) end of the third day - Correct Answer ✅ a) end of the next business day

Answers (Latest 2025) 130 Questions

Brokers who receive a binder deposit must deposit it no later than the a) end of the next business day b) end of the fourth business day c) end of the second day d) end of the third day - Correct Answer ✅ d) end of the third day No later than ___ business days must the broker request a written verification of receipt of the deposit a) 10 b) 15 c) 20 d) 30 - Correct Answer ✅ a) 10 Within how many business days must the broker provide a copy of verification of receipt of the deposit to the seller/seller's broker? a) 10 b) 15

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c) 20 d) 30 - Correct Answer ✅ a) 10 A broker is allowed to place in the sales escrow account an amount up to a) $500 b) $1000 c) $1500 d) $2000 - Correct Answer ✅ b) $1000 A broker is allowed to keep up to ____ of their own monies in a property management escrow account. a) $1000 b) $2500 c) $5000 d) $10000 - Correct Answer ✅ c) $5000 If a broker receives conflicting demands on escrowed property, the broker must notify the FREC, in writing, within how many business days?

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a) 10 b) 15 c) 20 d) 30 - Correct Answer ✅ b) 15 The broker must implement one of the four settlement procedures when receiving conflicting demands within ___ days. a) 10 b) 15 c) 20 d) 30 - Correct Answer ✅ d) 30 Which of these is not one of the four settlement procedures for dealing with conflicting demands on escrowed property? a) mediation b) litigation c) escrow disbursement order (EBO) d) claims court - Correct Answer ✅ d) claims court

Answers (Latest 2025) 130 Questions

An individual does not intend to engage in real estate activity. However he does intend to be an officer of a real estate brokerage. Which status BEST describes this situation? A. Active sales associate license B. Active broker license C. Registered with the DBPR D. Inactive sales associate - Correct Answer ✅ C. Registered with the DBPR A member of the U.S. armed forces is transferred to active duty in Florida. The service member's spouse holds a valid New York real estate license. She desires a FL real estate license. Which statement is TRUE? A. The spouse must complete the pre-license education B. Must pass the FL-specific real estate law exam C. Upon application, the DBPR must issue the spouse a FL license D. The spouse is eligible for a license provided FL has a mutual recognition agreement with NY - Correct Answer ✅

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C. Upon application, the DBPR must issue the spouse a FL license Which statement is FALSE regarding mutual recognition agreements? A. The agreements are intended to recognize the education and experience that real estate licensees have acquired in other states or nations B. Mutual recognition applicants are required to take an examination on Florida real estate. C. Mutual recognition applicants may be Florida residents or nonresidents. D. Mutual agreements allow Florida real estate licensees to have equal opportunity for licensure in jurisdictions with which agreements are concluded. - Correct Answer ✅ C. Mutual recognition applicants may be Florida residents or nonresidents. Which information MUST be disclosed on the license application? A. Personal credit history