100+ Free Florida Real Estate Practice Exam Questions (August 2022)

Florida Real Estate Exam

1 / 100

Fee packing, equity stripping, and balloon payment abuses are all examples of what?

2 / 100

What is best defined as, a document in which a property owner contracts with a real estate agent to find a buyer for the owner's property?

3 / 100

When a home is purchased using an adjustable rate mortgage or ARM, the monthly loan payment on the mortgage will:

4 / 100

A real estate agent advertised a home for $250,000. When a Chinese couple asked the agent for the price of the house. The agent told them the seller wanted $260,000 instead. Under the federal Fair Housing Act of 1968, such a statement is

5 / 100

Which of the following real estate contracts is a service contract?

6 / 100

Which situation is legal under the Federal Fair Housing Act of 1968?

7 / 100

Which type of lien is a claim imposed against a property without the consent of its owner?

8 / 100

The ability to buy and sell is also known as what essential element of value?

9 / 100

Which of the following would generally constitute an antitrust violation?

10 / 100

Which of the following situations would a percentage lease be most commonly used in?

11 / 100

Is replacement cost and reproduction cost the same thing and if it is different, what is the difference?

12 / 100

Violations of the Florida Real Estate Commission rules are prosecuted by which agency?

13 / 100

Closing is always the ____ step in executing a real estate transaction.

14 / 100

Which of the following would NOT apply to the income approach in the valuation process?

15 / 100

Real property can be converted to personal property by

16 / 100

What is the illegal action or practice of lending money at unreasonably high rates of interest?

17 / 100

Which of the following best describes real property?

18 / 100

Which of the following best describes the prepayment penalty clause?

19 / 100

While the economy is experiencing inflation, interest rates typically:

20 / 100

A property's market value is $400,000. The assessment rate for the house is 25% with 22.75 mills and a $25,000 property tax deduction. Find the annual property taxes.

21 / 100

What determines who pays for what and how much at closing?

22 / 100

There are three different main approaches that appraisers use while they make an appraisal. What are they?

23 / 100

The execution date or date executed is the day a contract is signed. The effective date is what? Choose the best answer.

24 / 100

Which of the following fiduciary duties continues after a listing agreement expires?

25 / 100

What is the difference between void and voidable contracts? Choose the best answer.

26 / 100

If a seller rejects a written offer made by a buyer, changes the terms of the offer, and has the new offer delivered to the buyer, it is considered what?

27 / 100

A bilateral contract is one in which

28 / 100

Market value is

29 / 100

All of the following will void an offer except

30 / 100

Who appoints and confirms the members of the Florida Real Estate Commission?

31 / 100

Assuming there are no extra fees, and the broker is representing the buyer and the seller, what was the final sales price of a property if the commission rate was 5.5% and the broker received $11,000.

32 / 100

Tony and Taylor are two unmarried individuals who own property with equal interests and a right to survivorship. Which of the following forms of ownership would Tony and Taylor most likely have?

33 / 100

Which of the following can be achieved by dividing the price of the property by the rent that is produced?

34 / 100

Which of the following fits the description? "A mortgage loan available for military service members, veterans, and eligible surviving spouses; which often comes with better terms than a traditional mortgage."

35 / 100

Which of the following best describes the term "encroachment?"

36 / 100

When an asset is pledged as collateral to secure a loan what is it called?

37 / 100

A claim that has the appearance of having valid title, but in reality, the person either does not hold actual title, or there is a significant defect in the written documents supporting title, that makes it invalid. This an example of which legal concept:

38 / 100

The Florida Real Estate Commission holds a meeting for the purpose of passing a new rule. This is an exercise of which power?

39 / 100

Ideally, the Florida Real Estate Recovery Fund should be at

40 / 100

Which of the following might suggest that rent is too low in an apartment unit?

41 / 100

If a legal description is too long to include in the body of a sales contract, a real estate professional should do what?

42 / 100

Justin takes out a mortgage loan that requires monthly payments of $650.50 for 25 years and a final payment of $30,000. What type of loan is this?

43 / 100

In terms of financing involved for a real estate purchase, which custom is practiced in Florida?

44 / 100

Which of the following sanctions is not within the jurisdiction of the Florida Real Estate Commission (FREC)?

45 / 100

A contract that legally binds two or more parties together, to specific obligations, that create a legally binding contract between the buyer and the seller.

46 / 100

Which of the following entities issues real estate licenses?

47 / 100

A collection of federal and state government laws that regulate the conduct and organization of business corporations, normally to promote fair competition for the benefit of consumers.

48 / 100

As a listing agent, what obligations do you owe to an unrepresented buyer?

49 / 100

What is the test done to locate where to place a septic system?

50 / 100

What type of ownership model is used for vacation real estate in which multiple purchasers own allotments of usage, typically in one-week increments, for the same property?

51 / 100

Which of the following would not be considered real property?

52 / 100

Mrs Thompson hired a broker to find her a 100+ unit apartment complex for sale. Upon finding one she liked, she made an offer for $2.5 million to include all the personal property as well. In order to include all the personal property Mrs Thompson needs a/an:

53 / 100

What is Fannie Mae’s primary responsibility?

54 / 100

What is radioactive gas dispersed from natural decay of mineral in earth (odorless, colorless, tasteless)?

55 / 100

The term "Licensee," is commonly used in real estate law. A licensee is just:

56 / 100

Used in connection with CERCLA and the creation of The Superfund; Retroactive liability means:

57 / 100

One individual or married couple in business alone (The most common form of business structure):

58 / 100

What is the maximum fine the Florida Real Estate Commission can impose against a licensee who is found to be guilty of TWO violations of F.S. 475?

59 / 100

Richard is renting property from Becky. Richard is on a month to month lease agreement. This past month he did not pay his rent. Richard's interest would be classified as:

60 / 100

Which of the following is a physical characteristic of real estate?

61 / 100

The deed that offers the grantee the most protection. With this type of deed, the grantor makes a series of legally binding promises (called covenants) and warranties to the grantee agreeing to protect the grantee against any prior claims and demands of all persons whomsoever in regards to the conveyed land.

62 / 100

Tenants by the Entirety and Community Property both generally pertain to

63 / 100

Johnny is purchasing a house and does not want to purchase all of the furniture that is being left behind. He signs the contract on Tuesday, and on Thursday changes his mind about the furniture. He calls his agent, and they add the furniture to the contract. What is this an example of?

64 / 100

What is the agency responsible for the enforcement of the Fair Housing Act?

65 / 100

A contract agreed to and signed under duress is what?

66 / 100

Amendments and addendum are essentially the same thing, correct? Choose the best answer.

67 / 100

What form of legal land description uses a plat map?

68 / 100

A senior housing development may refuse to rent to families if what?

69 / 100

Commingling is the opposite of what?

70 / 100

A parcel of land that is subject to an easement is best described as:

71 / 100

Which of the following is an economic characteristic of real estate?

72 / 100

Which act amended the comprehensive environmental response, compensation, and liability act (also known as CERCLA)?

73 / 100

Who is most likely to win a suit for specific performance?

74 / 100

In real estate, a deed is best defined as:

75 / 100

When a furnishing company creates materials for the construction of a house and is subsequently not paid, it may file a(n):

76 / 100

A property owner enters into a listing agreement with an agent. Another agent obtains a buyer for the house, and the first agent does not receive a commission. The listing agreement between the first agent and the property owner was probably

77 / 100

What hazardous substance is an odorless, colorless gas that can cause death within hours of inhalation?

78 / 100

Which of the following is NOT a main element of a valid real estate contract?

79 / 100

Which of the following would not be considered appurtenant?

80 / 100

How many hours of post-license education are required for the initial renewal of a Florida Sales Associate license?

81 / 100

What is it called when parties have fully performed the terms of a contract?

82 / 100

This approach determines what the property generates in profit for it’s owner or potential owner.

83 / 100

Often required for mortgages, property insurance for a home is commonly called:

84 / 100

The majority of homes before _______ used lead paint.

85 / 100

When calculating the amount of real estate taxes owed, calculations are based on what type of value?

86 / 100

What is a legally enforceable obligation that arises from one or more parties due to the parties actions, conduct, or circumstances?

87 / 100

Puffing is a term referring to

88 / 100

Which of the following best describes Eminent Domain?

89 / 100

During your time as agent you will run into many different types of people from areas across the world. Closing is called many names depending on which region of the U.S you are from. Which of the following is NOT a legal name for closing?

90 / 100

Which of the following is a private land-use control?

91 / 100

Which of the following would be classified as “consideration” in a real estate contract?

92 / 100

Compliance with zoning ordinances is monitored through the issuance of

93 / 100

A lender's refusal to lend money to potential homeowners attempting to purchase property located in predominantly minority neighborhoods is

94 / 100

Who administers real estate law in Florida?

95 / 100

In real estate, alienation is best described as:

96 / 100

Requires public accommodations to remove barriers in existing buildings such as adding braille markings to elevator buttons, is a requirement of which law?

97 / 100

In most cases, a tenant in an apartment holds:

98 / 100

Which of the following is an example of Economic Obsolescence?

99 / 100

In an offer to purchase property, the buyer states, "If we cannot obtain a mortgage loan for 4.5 percent or less, we will not purchase the property and expect the earnest money to be refunded in full." This is an example of what?

100 / 100

State laws differ on whether a buyer is entitled to know about:

Your score is

Hello, welcome to our Florida Real Estate Practice Exam.

In Florida, there are 100 questions on the exam. Many states have a national portion and a state portion, but Florida has one section combining both for a total of 100 questions. 

The two most effective study tools for the state exam are practice exams and learning the state-specific license laws. 

Our state-specific practice exam is a fantastic tool to help you grasp your state's real estate topics. It works just like the national practice exam and is updated annually. Usually, using the state practice exam is enough for students to grasp the concepts. However, if you want more, the single most important resource out there is the laws they base the questions on. 

If you haven't looked at your state's Real Estate Statutes or Regulations, it's strongly recommended.

The test makers take snippets of laws applicable to your state and use them for the questions. We use the actual state laws to create our questions, which is why some of the questions may look familiar to you. Some websites and prep providers do not, and that's the secret. You need to know your state's laws. 

Furthermore, It would be best if you read through your laws at least once, and that's the greatest advice we can give you. Trust us, we know it can be very time-consuming, but reading through each one of these will provide you with precisely the information you need to pass. 

Best of luck, reach out if you need anything,

Real Estate License Wizard Team

Florida Real Estate Statutes and Regulations

Here is our list of recommended Real Estate Statutes and Regulations you need to know:

Florida Real Estate Commission Home Page: http://www.myfloridalicense.com/DBPR/real-estate-commission/

NOTE: State websites update semi-frequently and sometimes their website URLs change. If any of the links posted below do not work, please reach out and we will update the links promptly. Thank you.

Florida Real Estate Exam FAQ’s

Have a question about the real estate exam? Find the answers to all your real estate license questions here:

What are Florida’s Real Estate License Requirements?

Real estate license requirements vary from state to state. Here are Florida’s requirements:

  • Must be 18 years or older.
  • Must obtain and submit a copy of your own fingerprints.
  • Must complete required state approved pre-licensing courses (63 credit hours).
  • Estimated cost of total fees and license: $120.50

How Hard is the Florida Real Estate Exam?

The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. To pass the exam in Florida, you’ll need to get a score of at least 75%. With a total of 100 questions, that means the score to pass is 75.

How Many Questions Can You Miss on the Florida Real Estate Exam?

In Florida, you can miss 25 questions and still pass the real estate exam.

How Many Times Can You Take the Florida Real Estate Exam?

There are no limits to the number of times you can take your real estate exam. Anyone who fails the Florida state exam may immediately pay and reschedule the exam. There are no restrictions.

What Is on the Florida Real Estate Exam?

The 100 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to Florida real estate license law. Here is what topics you are expected to know:

Florida General Exam Topics:

  1. Property Ownership
  2. Land Use Controls and Regulations
  3. Valuation and Market Analysis
  4. Financing
  5. General Principles of Agency
  6. Property Disclosures
  7. Contracts
  8. Leasing and Property Management
  9. Transfer of Title
  10. Practice of Real Estate

Florida State Exam Topics:

  1. Florida State License Law
  2. Florida Real Estate Commission Purpose and Guidelines
  3. Florida Real Estate Prohibited Practices
  4. Chapter 475, Florida Statutes
  5. Environment laws applicable to Florida

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