28-Hour Reactivation Education Course 2023

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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Question 1 of 50

1. Question
Which is NOT a characteristic of a fiduciary relationship?
- Caveat emptor
- Trustworthy
- Loyal
- Confidential
Question 2 of 50

2. Question
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?
- The fund will pay $70,000 and the broker’s license will be revoked.
- The fund will pay $50,000 and the broker’s license will be suspended.
- The fund will pay $70,000 and the broker’s license will be suspended.
- The fund will pay a maximum of $25,000 and the broker’s license will be suspended.
Question 3 of 50

3. Question
Which is correct about an offer to purchase property?
- A counteroffer kills the original offer.
- The seller is usually the offeror.
- The buyer cannot withdraw the offer until the time limit on the offer has passed.
- A seller is required to accept a full-price offer.
Question 4 of 50

4. Question
A written contract for the sale of a house is
- unilateral.
- bilateral.
- implied.
- informal.
Question 5 of 50

5. Question
For purposes of the mutual recognition requirement for licensing in Florida, a person is a Florida resident if the person has
- resided in Florida for 90 days or more.
- lived in Florida with the intention to reside in Florida for four months or more.
- rented an apartment for two months in Florida.
- told any other person that he is a resident.
Question 6 of 50

6. Question
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
- citation.
- notification of noncompliance.
- administrative complaint.
- warning notice.
Question 7 of 50

7. Question
Which legal entity may be registered as a real estate brokerage?
- Corporation sole
- Unincorporated association
- Limited liability partnership
- Business trust
Question 8 of 50

8. Question
A sales associate passed her state exam on March 18 of this year. Her license will expire on
- March 18, two years later.
- March 31, two years later.
- September 30, two and one-half years later.
- September 30, next year.
Question 9 of 50

9. Question
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?
- Missing brokerage name
- Missing area code for phone
- Missing brokerage name and Mary’s last name
- Abbreviations of BR and 2B are difficult to understand.
Question 10 of 50

10. Question
Which is NOT one of the duties of a broker who has no brokerage relationship with a buyer?
- Fair and honest dealing
- Disclosure of known facts that materially affect the value of residential property and that are not readily observable to the buyer
- Accounting for all funds
- Present all offers
Question 11 of 50

11. Question
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
- at the top of the first page.
- at the top of each page.
- below, above, or adjacent to the point of contact information.
- as a footer on each page.
Question 12 of 50

12. Question
When must a nonrepresentative broker give a customer a no brokerage relationship notice?
- When they meet
- When the customer enters an open house
- Before showing property to the customer
- Brokers need not give the notice because the relationship is presumed by law
Question 13 of 50

13. Question
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
- 14-hours of continuing education.
- 28-hours of reactivation education.
- a 45-hour sales associate sales post-licensing course.
- a 63-hour sales associate course.
Question 14 of 50

14. Question
Part III of Chapter 475, F.S. is related to
- commercial property, giving a broker a lien against the owner’s proceeds from a sale up to the amount of the broker’s earned commission.
- leased property, giving a broker lien rights for commissions earned from leasing real property.
- regulation of real estate brokers and sales associates.
- regulation of real estate appraisers.
Question 15 of 50

15. Question
Which brokerage relationship is illegal in Florida?
- Single agent
- Dual agent
- Transaction broker
- Designated sales associate
Question 16 of 50

16. Question
What type risk can be reduced by careful analysis and management?
- Dynamic
- Static
- Business
- Financial
Question 17 of 50

17. Question
Which real estate group name is proper?
- The Wilson Agency
- Binner Brokers
- The Harris Team
- Alexander Properties
Question 18 of 50

18. Question
A broker working for a buyer may be charged with unauthorized practice of law if she prepares a
- sales contract.
- buyer-brokerage agreement.
- promissory note.
- option contract.
Question 19 of 50

19. Question
Which is a requirement for all contracts?
- Agreement
- Earnest money deposit
- Good consideration
- Acknowledgment
Question 20 of 50

20. Question
Which is NOT correct about real estate purchase and sale contracts?
- Must be written
- Buyer is vendor
- Valid without earnest money
- Radon gas disclosure is required
Question 21 of 50

21. Question
What is the brokerage relationship in a commercial transaction that requires the parties to have at least $1 million in assets?
- Single agent
- Transaction broker
- Dual agent
- Designated sales associate
Question 22 of 50

22. Question
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?
- This is a default and Brandon can sue.
- This is anticipatory breach. Brandon can terminate the contract without waiting for the actual breach.
- This is a predicted breach, but Brandon can’t do anything until the buyer fails to close on the appointed closing date.
- The broker has violated his limited disclosure duties and may be disciplined.
Question 23 of 50

23. Question
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
- a limited liability company.
- a C corporation.
- an S corporation.
- a limited partnership.
Question 24 of 50

24. Question
Who controls an earnest money deposit before an offer is accepted?
- The broker
- The buyer
- The seller
- The buyer and the seller
Question 25 of 50

25. Question
Which is correct about individuals needing a real estate license?
- Those working for a broker need a license even if they don’t practice real estate.
- Those working for an owner-developer need a license if they are paid a commission.
- Those working for an owner-developer need a license if they are paid by salary.
- Owner-developers need a broker license if they employ sales associates to sell their property.
Question 26 of 50

26. Question
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
- 15 days after the tenant vacates the premises.
- 30 days after the tenant vacates the premises.
- 5 days after the tenant vacates the premises.
- 30 days after the landlord’s discovery of the damage.
Question 27 of 50

27. Question
Sam is opening a brokerage office in Walton County. Which is NOT required?
- Permanent, stationary construction with at least one room
- Sign at the entrance with the name of the broker and the words “Licensed (or Lic.) Real Estate Broker”
- Telephone or desk
- Registration with the Division of Real Estate
Question 28 of 50

28. Question
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?
- Litigation
- Certiori
- Escrow disbursement order
- Arbitration
Question 29 of 50

29. Question
A single agent sellers’ broker may legally
- be a buyers’ broker at the same time.
- disclose to the buyer all known facts that materially affect the value of residential real property that are not readily observable.
- assign a sales associate in the firm to represent the buyer.
- accept an offer on the property if the seller is out of town.
Question 30 of 50

30. Question
Which individual does NOT need a Florida real estate license?
- One who sells businesses
- One who auctions real property
- One who rents single family homes for others
- One who rents lots in a mobile home park
Question 31 of 50

31. Question
Which persons are protected under the Fair Housing Act?
- Students
- Low-income persons
- Disabled persons
- Elderly persons
Question 32 of 50

32. Question
Which is NOT a way to terminate a contract?
- Performance
- Acceptance
- Impossibility of performance
- Rescission
Question 33 of 50

33. Question
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
- is void.
- is canceled.
- is voidable by the buyer.
- has been breached.
Question 34 of 50

34. Question
A woman wants to apply for a real estate license. She will NOT need
- a high school diploma or equivalent.
- a valid driver’s license.
- a U.S. Social Security number.
- to submit fingerprints.
Question 35 of 50

35. Question
Which of the following is a trade name?
- Larry Jinks, Broker
- South Jax Brokers, Inc.
- West Construction, LLP
- Get Service Realty
Question 36 of 50

36. Question
A broker received a commission of $29,750. The commission rate was 7%. What was the price?
- $400,000
- $425,000
- $445,000
- $450,000
Question 37 of 50

37. Question
If a mortgage loan transaction is expected to close during hurricane season, the borrower should
- wait until the season has passed.
- buy twice as much insurance coverage than the replacement value of the property.
- pay for the first year’s hazard insurance policy at least 30 days before the closing date.
- hold off on having the seller make repairs.
Question 38 of 50

38. Question
Gloria Vasquez of Vasquez Brokers, LLC is opening a brokerage firm. Which entrance sign is acceptable?
- Vasquez Brokers, LLC, Gloria Vasquez, Realtor
- Vasquez Brokers, LLC, Gloria Vasquez, Realtor (305) 862-5644
- Vasquez Brokers, Gloria Vasquez, Broker
- Vasquez Brokers, Gloria Vasquez, Lic. Real Estate Broker
Question 39 of 50

39. Question
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
- Wednesday.
- Thursday.
- Friday.
- Saturday.
Question 40 of 50

40. Question
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
- refund the deposit to the buyer as required by the contract.
- send a certified letter to the seller of the broker’s intent to return the funds if the seller fails to respond within 3 days.
- notify the Florida Real Estate Commission in writing within 15 days about the conflicting demands of the buyer and the seller.
- tell the parties he will release the funds only when he receives a court order to do so.
Question 41 of 50

41. Question
Under the Americans with Disabilities Act (ADA), parking areas must have one accessible space for every
- 10 spaces.
- 15 spaces.
- 25 spaces.
- 50 spaces.
Question 42 of 50

42. Question
Which is correct about listing agreements?
- The requirement to effect a sale means the broker must bring a buyer who offers the price and terms specified in the listing.
- They must be written to be enforceable.
- The broker must give the seller a copy of the written listing within 24 hours after the seller signs it.
- All listing agreements are covered by the statute of frauds.
Question 43 of 50

43. Question
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
- can continue as the buyer’s agent.
- must become a single agent for the seller.
- can become a designated sales associate.
- must, along with Sally, transition to transaction broker status.
Question 44 of 50

44. Question
Which is correct about the Florida Real Estate Commission?
- It passes laws regulating the practice of real estate by brokers and sales associates.
- It is a consumer protection agency.
- The Rules of the Commission supersede Chapter 475, F.S.
- It can suspend or revoke licenses, and fine or imprison licensees.
Question 45 of 50

45. Question
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
- must pay the buyer at least 50% of the fee if done so within 30 days.
- must pay the buyer 75% of the fee.
- must pay the buyer 100% of the fee.
- may keep the fee, since the buyer had only 15 days to request a refund.
Question 46 of 50

46. Question
The license of a person who fails to renew the license before the expiration date (except for the first renewal) will become
- involuntary inactive.
- voluntary inactive.
- void.
- suspended.
Question 47 of 50

47. Question
Members of the Florida Real Estate Commission may serve a maximum of
- one four-year term.
- two four-year terms.
- two two-year terms.
- four two-year terms.
Question 48 of 50

48. Question
A sales associate’s broker has been disciplined and suspended by the Florida Real Estate Commission. The status of the sales associate is
- voluntary inactive.
- involuntary inactive.
- suspended.
- in limbo.
Question 49 of 50

49. Question
The law presumes that a broker is acting as a
- single agent.
- transaction broker.
- dual agent.
- designated broker.
Question 50 of 50

50. Question
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
- two years.
- four years.
- five years.
- seven years.

28-Hour Reactivation Education Course 2023

28-Hour Reactivation Education End-of-Course Exam

This is your FINAL EXAMINATION. Before starting the exam, be certain that you will have at least 1 1/2 hours of quiet, uninterrupted time.

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