Florida Salesperson Exam Prep Edge Florida Practice Real Estate Exam Questions

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Below are eight free Florida real estate practice exam questions that will closely resemble your licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.

1. Gracen has a sales associate license in Florida. He’s completed the FREC-approved 72-hour pre-licensing course for brokers and has no previous experience. Is he qualified to obtain a real estate broker license?

  1. No, he needs to activate his license first.
  2. No, he needs to find an employing broker.
  3. No, he needs to have had a real estate license for at least 2 years.
  4. Yes

2. Yasmin listed a house in Coral Terrace, Florida at a 6% commission rate, and it just sold for $463,500. Her brokerage and the buyer’s agent’s brokerage split the commission equally between them. Then Yasmin, who has a 60/40 commission split with her broker (Yasmin gets the higher split), took her check to the bank. How much did Yasmin earn from this transaction?

  1. $5,562
  2. $6,909
  3. $8,343
  4. $9,200

3. Who’s required to take 60 hours of post-license education within 24 months after getting an initial license in Florida?

  1. Brokers
  2. Managing partners
  3. Sales associates
  4. Temporary licensees

4. The Richards family farm is located on a 10-acre parcel of land, which is very rare to come by in their area. However, the house is rundown and in need of many repairs. Most buyers in the area are looking for a move-in ready home, which means they would need to either look elsewhere or wait several months for the home to be renovated. Which factor is most negatively impacting the value of the Richards’ property?

  1. Demand
  2. Scarcity
  3. Transferability
  4. Utility

5. Which of the following describes a tenancy at will?

  1. Tenancy after the lawful authority has expired, after which the landlord may evict
  2. Tenancy for an unknown period of time, with either party permitted to terminate the lease by giving notice
  3. Tenancy for a specified period of time that automatically renews itself for the same length of time unless one party terminates
  4. Tenancy of definite duration that terminates automatically and is inheritable

6. What’s the name of the Florida act that specifies accessibility standards for individuals with a disability?

  1. Americans with Disabilities Act
  2. The Florida Accessibility Standards Implementation Act
  3. The Florida Americans with Disability Accessibility Implementation Act
  4. The Florida Deceptive and Unfair Trade Practices Act

7. Michael paid $385,000 for his home, which now has an assessed value of $392,000. His tax rate is 0.51%. How much with his monthly taxes be?

  1. $163.62
  2. $166.60
  3. $186.52
  4. $297.50

8. The ______ Act was created by the Florida legislature to establish the legal rights and responsibilities of real estate licensees.

  1. Equal Credit Opportunity
  2. Fair Housing
  3. Real Estate Professional Practice
  4. Residential Lead-Based Paint Hazard Reduction
Answers: 1. C, 2. C, 3. A, 4. D, 5. B, 6. C, 7. B, 8. C

 

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