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LET’S PRACTICE!
#1. What is the purpose of the Florida Real Estate Commission (FREC)?
#2. Which type of agency relationship is illegal in Florida?
#3. How many members make up the FREC?
#4. What is the maximum fine the FREC can impose for a single violation?
#5. A real estate license expires how many years after issuance if not renewed?
#6. A broker receives an escrow deposit on Tuesday. By when must it be deposited in the escrow account?
#7. Which document must be given before showing property to a buyer when in a no brokerage relationship?
#8. What is the legal instrument used to transfer ownership of real estate?
#9. Which tenancy is created when two or more persons own property with right of survivorship?
#10. How many hours of post-licensing education are required for sales associates?
#11. The bundle of legal rights includes all the following except:
#12. The term “fiduciary” refers to:
#13. Which type of listing allows a seller to employ multiple brokers?
#14. A homestead in Florida is protected from:
#15. The statute that governs real estate licensing in Florida is:
#16. What type of loan is not insured or guaranteed by a government agency?
#17. What is the primary purpose of RESPA?
#18. What is a real estate licensee required to do if a buyer asks about crime in the neighborhood?
#19. What is the penalty for practicing real estate without a license?
#20. Which item is personal property?
#21. When must a licensee update a change of address with the DBPR?
#22. A landlord must return a security deposit within:
#23. What is the legal description method that uses monuments and compass directions?
#24. Which fiduciary duty is exclusive to a single agent?
#25. Which valuation method is best for income-producing property?
#26. When does a lien become valid in Florida?
#27. Which clause in a mortgage allows the lender to declare the entire loan due if a borrower defaults?
#28. A sales associate can only be paid by:
#29. What is the purpose of zoning?
#30. What is required to obtain a Florida sales associate license?
#31. A contract with a minor is:
#32. What is the Florida Real Estate Recovery Fund used for?
#33. The maximum payment from the Recovery Fund for a single transaction is:
#34. What is an easement?
#35. How long must brokers retain records?
#36. Which act prohibits discrimination based on race in housing?
#37. What does the term ‘as is’ mean in a contract?
#38. How is property tax calculated in Florida?
#39. What is the term for the increase in land due to natural causes?
#40. A tenancy at sufferance occurs when:
#41. Who must sign the deed for it to be valid?
#42. What does “voluntary alienation” mean?
#43. Which government entity determines zoning regulations?
#44. What does ‘hypothecation’ mean in real estate?
#45. A tenancy by the entireties can only exist between:
#46. A broker wants to open a branch office. What must they do?
#47. The document showing proof of ownership is:
#48. A buyer gives a deposit. What is this called?
#49. If a seller asks a broker to not show the home to minorities, the broker should:
#50. A single agency relationship requires:
