Free Florida Real Estate Practice Exam

Q1.Under Florida law, which of the following is NOT a duty owed by a single agent to their principal?

• A.Dealing honestly and fairly
• B.Loyalty and confidentiality
• C.Full disclosure of all known facts that materially affect the property
• D.Presenting all offers and counteroffers in a timely manner

Q2.In Florida, how long does a real estate salesperson license remain valid before it must be renewed?

• A.1 year
• B.2 years
• C.3 years
• D.4 years

Q3.A tenancy has ended, possession was returned, and the tenant demanded the deposit. Which days are excluded when counting the 14-day disposition period?

• A.Only Mondays
• B.Saturdays, Sundays, and other legal holidays
• C.All weekdays
• D.No days are excluded

Q4.Florida law requires that a specific radon gas disclosure notice be provided to buyers and tenants of any building in Florida. Under which Florida statute is this radon disclosure requirement established, and to whom does it apply?

• A.It applies only to residential properties built before 1978 and is required under the Florida Building Code.
• B.It applies to all buildings in Florida and is required under Florida Statute §404.056, the Florida Radon Protection Act.
• C.It applies only to commercial properties and is required under Florida Statute §161.053.
• D.It applies only to properties located in counties designated as high-radon zones by the EPA.

Q5.A Florida sales associate working as a single agent for a seller receives an offer from an unrepresented buyer. The buyer asks the associate for help completing the purchase contract. Before providing any assistance to the buyer that goes beyond ministerial acts, what must the sales associate do?

• A.Obtain verbal consent from the seller to assist the buyer with the contract
• B.Provide the buyer with a No-Brokerage Relationship Notice before rendering any assistance
• C.Transition to a transaction broker relationship by providing the seller with a written disclosure notice and obtaining the seller's written consent
• D.Immediately terminate the listing agreement and refer the seller to another licensee

Q6.A lender denies a mortgage application solely because the property is located in a predominantly minority neighborhood, regardless of the applicant's creditworthiness. This practice is known as:

• A.Blockbusting
• B.Steering
• C.Redlining
• D.Puffing

Q7.A property sold for $350,000 and generates annual net operating income of $28,000. What is the capitalization rate?

• A.6.5%
• B.8.0%
• C.7.2%
• D.8.5%

Q8.How long does a complainant have to file a fair housing complaint with HUD under 42 U.S.C. § 3610?

• A.90 days
• B.1 year
• C.180 days
• D.3 years

Q9.A Florida real estate licensee fails to renew their license by the expiration date. What is the maximum period during which they can renew their license without retaking the state exam?

• A.6 months
• B.1 year
• C.2 years
• D.3 years

Q10.A salesperson lists a home for sale. During the listing period, the salesperson discovers a significant roof leak that the seller has not disclosed to buyers. What is the salesperson's obligation?

• A.Keep the defect confidential to protect the seller's interests
• B.Disclose the defect to potential buyers because it is a material fact
• C.Refuse to show the property until the seller repairs the roof
• D.Report the defect only if a buyer specifically asks about the roof

Q11.Under the Fair Housing Act (42 U.S.C. § 3604), sex was added as a protected class in what year?

• A.1968
• B.1974
• C.1988
• D.2016

Q12.A broker manages a 50-unit apartment complex and instructs her affiliated salespersons to steer prospective tenants who are families with children away from units on the upper floors, citing 'safety concerns.' Under the Fair Housing Act, which of the following best describes the broker's liability exposure?

• A.The broker has no liability because the policy is facially neutral and applies equally to all applicants.
• B.The broker faces liability for familial status discrimination because the steering policy has a disparate impact on a protected class, and the broker's supervisory role makes her directly responsible for the acts of her salespersons.
• C.Only the individual salespersons who carried out the steering are liable; the broker is shielded because she did not personally interact with the applicants.
• D.The policy is permissible under the FHA's safety exemption, which allows landlords to restrict children from upper-floor units in buildings without elevators.

Q13.Which action best applies the FTC's scale-down principle?

• A.Collect every identifier in case it is useful later.
• B.Keep sensitive data indefinitely.
• C.Keep only information needed for a legitimate business purpose and applicable retention duty.
• D.Email all client files to every team member.

Q14.Which federal law holds current and former property owners potentially liable for the cost of cleaning up hazardous waste contamination on their property, even if they did not cause the contamination?

• A.The Clean Water Act
• B.The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)
• C.The Resource Conservation and Recovery Act (RCRA)
• D.The National Environmental Policy Act (NEPA)

Q15.Which reconciling-item record is most complete?

• A.A note saying 'difference'
• B.Date, amount, payee or source, reason, and follow-up status
• C.Only the check number
• D.A verbal explanation from last month