You must take the exam in one sitting. You may not bookmark the exam to come back later. Do not use the “back” button on your browser. There is a “back” button in the exam itself. You may not copy the questions or your test will be void.
Passing Score is 70%
You will be presented with 50 multiple-choice questions. To pass, you need to correctly answer 35 questions (70%).
Three Hours to Complete the Exam
You have 1 1/2 hours to complete the exam. At the end of 1 1/2 hours, the exam will close and show the number of questions you have answered correctly.
Opportunity for an Alternate Exam
If you exit the exam before you have a passing score, or if you fail the exam, you are entitled to an additional attempt. You must wait at least 30 days before taking an alternate exam, but you must take it within one year of the date of the original exam. If you do not pass the second exam, you must re-purchase and must once again complete the course material to become eligible for another end-of-course exam attempt and obtain a passing score.
No Access to Review Final Exam
To maintain the integrity of the final exam, you may not review the questions or their answers after the exam is completed. This is the case whether or not you passed the exam.
Do Not Get Outside Help
You may not consult any books, or notes during the exam, and you may not receive help from any person. You will be required to sign an affidavit to that effect before you receive your course completion certificate.
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Which is NOT a characteristic of a fiduciary relationship?
A broker who violated the license law was sued by the buyer who had a substantial loss. The court awarded a judgement of $70,000 to the buyer, which included attorney fees and court costs. Because the broker could not pay, the buyer filed a claim with the Real Estate Recovery Fund. Which is correct?
Which is correct about an offer to purchase property?
A written contract for the sale of a house is
For purposes of the mutual recognition requirement for licensing in Florida, a person is a Florida resident if the person has
A DBPR investigator/auditor makes an office inspection and finds that a broker’s sign does not conform to the requirements. The offense is the first for this broker, so there is no fine. The investigator tells the broker information about how to correct the violation and gives the broker 15 days to correct it. This is called a
Which legal entity may be registered as a real estate brokerage?
A sales associate passed her state exam on March 18 of this year. Her license will expire on
A sales associate placed the following ad in the local homes magazine: “Charming 3-BR, 2B house in great neighborhood—Asking $195,000. Call Mary at 435-8945.” What is (are) the legal issues with this advertisement?
Which is NOT one of the duties of a broker who has no brokerage relationship with a buyer?
Harris Realty, Inc. has designed a new web site and wants to be sure it conforms to FREC requirements. The name of the company must appear
When must a nonrepresentative broker give a customer a no brokerage relationship notice?
The license of an experienced sales associate expired in April last year. In September this year, she needs to renew her license. She must pay a late fee, pay the renewal fee, and complete
Part III of Chapter 475, F.S. is related to
Which brokerage relationship is illegal in Florida?
What type risk can be reduced by careful analysis and management?
Which real estate group name is proper?
A broker working for a buyer may be charged with unauthorized practice of law if she prepares a
Which is a requirement for all contracts?
Which is NOT correct about real estate purchase and sale contracts?
What is the brokerage relationship in a commercial transaction that requires the parties to have at least $1 million in assets?
Desmond contracted to buy Brandon’s house with a closing date to be in 45 days. Two weeks later, Desmond tells his broker that he has found another house and will not close on Brandon’s house. The broker reports this to Brandon. What is this called, and what can be done?
Two brokers are organizing a new brokerage firm. If they don’t want to pay income taxes twice on profits, they should NOT set up as
Who controls an earnest money deposit before an offer is accepted?
Which is correct about individuals needing a real estate license?
Laverne owns a single-family rental house and is holding a security deposit of $1,800. After her tenant has vacated the premises, Lavern inspects the property and discovers damages amounting to $1,100. If Laverne wants to keep part of the tenant’s deposit, she must notify the tenant in writing within
Sam is opening a brokerage office in Walton County. Which is NOT required?
A broker is holding an earnest money deposit in her escrow account when the buyer and seller have a dispute. Both buyer and seller demand the funds. The broker promptly notifies the FREC. Which is NOT one of the settlement procedures available to the broker?
A single agent sellers’ broker may legally
Which individual does NOT need a Florida real estate license?
Which persons are protected under the Fair Housing Act?
Which is NOT a way to terminate a contract?
Mary contracted to purchase Hilda’s house. Mary was required to make an application for financing within ten days, but failed to do so. The words time is of the essence were in the agreement. The contract
A woman wants to apply for a real estate license. She will NOT need
Which of the following is a trade name?
A broker received a commission of $29,750. The commission rate was 7%. What was the price?
If a mortgage loan transaction is expected to close during hurricane season, the borrower should
Gloria Vasquez of Vasquez Brokers, LLC is opening a brokerage firm. Which entrance sign is acceptable?
A sales associate receives an earnest money check from a customer on Tuesday. The check must be deposited by the broker by the end of business day on
A buyer gives her broker an earnest money deposit of $4,000. The contract allows the buyer to void the contract within 30 days if her builder friend looks at the property and feels it’s not right for her. The builder tells the buyer 28 days after the contract is signed that she should not buy the house. The buyer requests a return of the earnest money, but the seller feels that the buyer did not act in good faith and refuses to let the broker return the funds. The broker should
Under the Americans with Disabilities Act (ADA), parking areas must have one accessible space for every
Which is correct about listing agreements?
Sally, a sales associate in a brokerage firm lists a house and acts as the seller’s single agent. Jamal, another sales associate in the firm is acting as a single agent for a buyer. If the buyer wants to buy Sally’s listing, Jamal
Which is correct about the Florida Real Estate Commission?
A Florida broker sells rental lists for $200. A customer who purchased the list 20 days earlier found that many of the rentals shown in the list were not available and demands a refund. The broker
The license of a person who fails to renew the license before the expiration date (except for the first renewal) will become
Members of the Florida Real Estate Commission may serve a maximum of
A sales associate’s broker has been disciplined and suspended by the Florida Real Estate Commission. The status of the sales associate is
The law presumes that a broker is acting as a
A real estate broker must retain all documents for real estate transactions that result in a written contract to purchase and sell real property for