Free Florida Real Estate Salesperson Practice Exam 2025

1. In a designated sales associate relationship, what must both parties have?

2. Which Florida agency administers and enforces real estate license law?

3. How many hours of post-licensing education are required for Florida real estate sales associates?

4. What must a broker do when escrow dispute occurs and no resolution is reached within 15 business days?

5. Which of the following is NOT a duty owed in a no-brokerage relationship in Florida?

6. Which law requires lenders to disclose the APR and total finance charges prior to closing?

7. Which document must be delivered to buyers of property located in a mandatory HOA in Florida?

8. Under Florida law, homestead property is protected from creditors up to:

9. In Florida, a brokerage relationship disclosure must be provided:

10. Florida’s option contract must include:

11. Which federal agency enforces the Truth in Lending Act (TILA)?

12. Under Florida law, how many members constitute the Florida Real Estate Commission?

13. Under Florida law, who may hold security deposit interest earned on tenant funds?

14. What is the maximum earnest money deposit that FREC requires to be in a separate escrow account?

15. A tenant vacates the property after a 12‑hour notice requirement in Florida. Is that valid?

16. Under federal law, property owners with disabilities must allow:

17. Which party must receive the “Consumer Information Statement” in writing in Florida?

18. What is the maximum fine FREC can impose for an unlicensed practice violation?

19. Federal RESPA requires lenders to provide which document at loan application?

20. Under the Florida Real Estate Recovery Fund, the maximum amount payable for one claim is:

21. What is the main purpose of Florida’s Advertising Rules for real estate licensees?

22. Which of the following responsibilities are fiduciary duties owed by a broker to their client?

23. Under Florida law, a sales associate must deposit escrow funds in an escrow account within:

24. Which of the following describes a limited partnership in Florida real estate licensing?

25. Florida law considers 'steering' a violation of:

26. Under ECOA, a lender must provide an adverse action notice within:

27. A licensee must provide which disclosure to all prospective buyers regarding homeowner’s association (HOA)?

28. Which federal law prohibits discrimination in housing based on race, color, religion, sex, familial status, or national origin?

29. Under Florida law, how long must a broker retain copies of real estate transaction records?

30. Under the Florida Residential Landlord‑Tenant Act, which of the following is considered a valid reason for a landlord to withhold a security deposit?

31. A property sold for $250,000 and appreciated 8% annually for 2 years. What is its estimated future value?

32. A seller wants to net $200,000 after paying 5% commission. What should the sales price be?

33. A loan of $180,000 has monthly principal and interest payments of $1,200. What is the total paid over 30 years?

34. A home sells for $500,000 with a 20% down payment. What is the loan amount?

35. An investor wants a return of 10% on a property that generates a net income of $36,000. What is the value using the income approach?

36. A property is assessed at $180,000. The tax rate is 18 mills. What is the annual property tax?

37. A tenant pays $1,500 per month in rent. The lease starts on August 1st and ends on August 20th. How much prorated rent is owed if the closing date is August 20 (use 30-day month)?

38. A buyer obtains a loan of $240,000 with an annual interest rate of 6%. What is the monthly interest payment in the first month?

39. A seller agrees to pay a listing broker a 6% commission. The cooperating broker gets 40% of that. How much does the cooperating broker receive if the home sells for $300,000?

40. A property sells for $350,000. The broker receives a 6% commission. What is the total commission?

41. Utilizing the 28/36 rule, if Rebbecas gross income is $4,500 a month, she would need to spend less than ______ in housing costs a month to qualify for most loans.

42. Tina and Tom are two unmarried individuals who own property with equal interests and without a right to survivorship. Which of the following forms of ownership would Tina and Tom most likely have?

43. The lender in a traditional mortgage loan transaction is known as what?

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

45. If a leased premises becomes uninhabitable deliberately in an attempt to remove the tenant. What is this action called?

46. Find the annual GRM. A 9-unit building in Cleveland Ohio, with an asking price of $500,000 and gross annual rents of $75,000.

47. Enacted in 1974, which of the following is a regulation that aims to give all legal individuals an equal opportunity to apply for loans?

48. Complete the statement and make it factually accurate. “In title theory states, banks or mortgage lenders hold the title of a property until it is paid in full. In lien theory states:

49. An interest in real property which is held for the duration of the life of a designated person is called a

50. A legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset:

51. Who appoints and confirms the members of the Florida Real Estate Commission (FREC)?

52. Which of the following sanctions is not within the power of the Florida Real Estate Commission?

53. Which of the following laws prohibits discrimination in housing based on race, color, religion, sex, or national origin?

54. The Florida Real Estate Commission holds a meeting to determine if a licensee violated F.S. 475. What type of power is the Commission exercising?

55. A real estate agent advertised a home for $250,000 to a white couple and $255,000 to a Chinese couple. This is: