Skip to content
Exam Simulation No. 03
#1. Which physical characteristic of land states that no two parcels are exactly alike?
#2. To qualify for a Florida sales associate license, an applicant must hold what minimum educational level?
#3. Florida real estate sales associate license renewal is required every:
#4. Which of the following is NOT required to obtain a Florida sales associate license?
#5. A four-year college degree in real estate may exempt the applicant from:
#6. Which is NOT permitted under a sales associate license?
#7. A Florida real estate broker associate is:
#8. FREC consists of how many consumer members?
#9. FREC meetings are typically held:
#10. A Florida licensee establishing a single agent relationship must give the customer:
#11. Which is a duty of a transaction broker?
#12. If a Florida licensee has no brokerage relationship with a buyer, the licensee owes:
#13. Which transaction is presumed to be a transaction broker relationship in Florida?
#14. Designated sales associates require all parties to have assets of at least:
#15. If a single agent relationship is being changed to a transaction broker relationship, the consent must be obtained:
#16. Which is NOT a duty of a single agent?
#17. A sales associate may receive compensation directly from:
#18. A real estate brokerage office must display:
#19. A ‘team’ or ‘group’ name advertised by a brokerage in Florida must:
#20. Earnest money received by a sales associate must be:
#21. If a broker keeps personal funds in the escrow account beyond the allowed minimum, this is:
#22. Conflicting demands on escrow funds must be reported to FREC within:
#23. Once notified of conflicting demands, the broker must implement an escrow settlement procedure within:
#24. FREC offers an Escrow Disbursement Order (EDO) only when:
#25. Mediation as an escrow dispute method requires:
#26. Florida licensees may NOT receive kickbacks from:
#27. A licensee leaving a brokerage MUST:
#28. An unlicensed assistant may NOT:
#29. FREC’s complaint process begins with:
#30. Which is a ground for license revocation in Florida?
#31. Citation procedure in Florida real estate is used for:
#32. HUD’s Fair Housing logo must appear on:
#33. Which group is NOT protected under federal Fair Housing?
#34. Florida’s fair housing law adds which protected class beyond federal law?
#35. Which type of estate ends upon a specified event?
#36. Which is a non-freehold estate?
#37. A leasehold estate gives the tenant:
#38. Joint tenancy requires four unities: time, title, interest, and:
#39. Termination of joint tenancy occurs upon:
#40. Florida homestead protection requires the property to be:
#41. A condominium declaration:
#42. A timeshare interval typically grants:
#43. A special warranty deed warrants only:
#44. A bargain and sale deed:
#45. Which is required to deliver a deed?
#46. Constructive notice is provided primarily by:
#47. Title insurance is paid:
#48. Eminent domain is the government’s power to:
#49. A cloud on title may be removed by:
#50. A point of beginning (POB) is required in:
#51. In the Government Survey System, a township is:
#53. Half of a quarter section equals:
#54. Lot and block descriptions reference:
#55. An executed contract is one that:
#56. Which contract is unenforceable due to Statute of Frauds?
#57. Mutual rescission of a contract:
#59. Listing agreement type that pays the listing broker regardless of who sells:
#61. A bilateral contract requires:
#62. Which is a contingency commonly seen in residential contracts?
#63. Buyer breach generally allows the seller to:
#64. Equitable title transfers to the buyer when:
#65. In Florida, the standard ‘AS IS’ contract gives the buyer the right to:
#66. A void contract is one that:
#67. Which loan typically has the lowest down payment for qualified veterans?
#70. Subordination clauses are common in:
#71. The Real Estate Settlement Procedures Act (RESPA) is enforced by:
#72. Loan-to-value (LTV) is:
#73. Reverse mortgages are typically available to homeowners aged at least:
#74. ECOA prohibits discrimination in lending based on:
#75. Mortgage prepayment penalties are:
#76. A property sells for $400,000 with 7% commission. Total commission:
#77. Buyer pays $10,000 down on a $200,000 home. The LTV is:
#78. Annual taxes are $3,650. Daily proration (365 day):
#79. If gross income is $50,000 and operating expenses are $20,000, NOI is:
#80. $300,000 at 5% interest for one year, simple interest:
#81. Closing Disclosure must be delivered to the borrower:
#82. Which fee is typically paid by the seller?
#83. Documentary stamps on the note in Florida are charged at:
#84. Intangible tax on a new mortgage in Florida is:
#85. Highest and best use must be:
#86. In the income approach, NOI ÷ cap rate equals:
#87. Functional obsolescence is:
#88. Gross Rent Multiplier (GRM) is:
#90. A 1031 exchange allows:
#91. Capital gain on sale of investment property is:
#92. Boot in a 1031 exchange is:
#93. A management plan typically includes:
#94. In Florida, advance rent is:
#95. Eviction in Florida for non-payment of rent requires:
#96. Florida ad valorem taxes are based on:
#97. A homestead applicant must apply for the exemption by:
#98. Tangible personal property tax in Florida applies to:
#99. Greenbelt classification provides:
#100. Truth in Millage (TRIM) notice informs property owners of:
