TheoryFlorida Real Estate 25 26
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Florida Real Estate 25 26 exam — full Q&A walkthrough
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30 free Florida Real Estate 25 26 questions
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Agency
How many principals may a single agent represent in a single real estate transaction?
Correct — A. A single agent represents only one principal (buyer or seller) in a transaction, which is the hallmark of single-agent relationships. Representing both parties in the same transaction would create a dual agency, which requires written consent. -
Agency
Which of the following is NOT one of the fiduciary duties owed by a single agent to the principal under Florida law?
Correct — C. Florida Statute §475.278 lists the single-agent duties as dealing honestly and fairly, loyalty, confidentiality, obedience, full disclosure, accounting for all funds, skill/care/diligence, presenting all offers, and disclosing all known facts. Subrogation is an insurance term, not a real estate agency duty. -
Agency
A seller tells her single agent that she will accept $270,000 even though her list price is $299,000. The broker should:
Correct — D. Under the duty of confidentiality in a single-agent relationship, the broker must not disclose the seller's minimum acceptable price (motivating factor) to any buyer. Disclosing it would breach the seller's fiduciary relationship. -
Agency
Which of the following best describes a transaction broker in Florida?
Correct — A. A transaction broker provides limited representation and assists the buyer and/or seller in the transaction but does not owe full fiduciary duties. They facilitate the transaction rather than represent one side exclusively. -
Agency
Which duty is NOT owed by a transaction broker to a buyer or seller under Florida Statute §475.278?
Correct — C. Transaction brokers do not owe the fiduciary duty of loyalty (or confidentiality) because they do not represent either party exclusively. The duties of dealing honestly, accounting for funds, and presenting offers are still required of transaction brokers. -
Agency
A transaction broker may disclose which of the following about a seller to a prospective buyer?
Correct — B. A transaction broker may disclose that a party is motivated (e.g., job relocation) because this is the type of factual information that facilitates the transaction. However, confidential personal financial data or health information would still be protected from disclosure. -
Agency
In a no-brokerage relationship in Florida, a licensee is required to:
Correct — D. Even when operating under a no-brokerage relationship (non-representation), Florida law requires the licensee to deal honestly and fairly and to disclose all known facts that materially affect the value of residential real estate. All other fiduciary duties are absent. -
Agency
When must a licensee provide the written agency disclosure (notice of agency relationship) to a buyer or seller in Florida?
Correct — A. Florida Statute §475.278 requires that the written disclosure of the agency relationship be provided before, or at the time of, entering into a listing agreement or showing a property — whichever comes first. This ensures the consumer understands the relationship from the start. -
Agency
A buyer's agent shows a property listed with the same brokerage firm. Under Florida law, before showing the property the broker must:
Correct — C. When a single-agent brokerage has both a buyer client and a listing of a property that the buyer wants to see, a conflict of interest arises. Florida law requires the broker to transition to transaction broker status (or obtain written consent for dual agency) and provide written disclosure before proceeding. -
Agency
A licensee meets a prospective buyer at an open house. According to Florida agency disclosure requirements, the licensee must provide the written disclosure:
Correct — D. Disclosure is required before or at the time of entering into a representation agreement or showing a property. An open house meeting itself is not yet a representation agreement, but if the consumer wishes to proceed, disclosure must happen before or at that point of engagement. -
Agency
Under Florida law, a single agent who wishes to represent both the buyer and seller in the same transaction must:
Correct — B. Florida Statute §475.278 permits a single agent to transition to a dual agent only with the written informed consent of both parties. Verbal consent is insufficient. The broker must provide the statutory dual-agency disclosure. -
Agency
An agency relationship in real estate is most commonly created by:
Correct — C. Agency is most commonly created by an express written agreement such as a listing agreement (seller's agency) or a buyer representation agreement (buyer's agency). While agency can be created orally, Florida strongly recommends written agreements to protect all parties. -
Agency
Which doctrine holds that a principal may be bound by an agent's unauthorized acts if the principal's conduct led a third party to reasonably believe the agent had authority?
Correct — D. Apparent authority (also called ostensible authority) arises when the principal's words or actions lead a third party to reasonably believe that the agent has authority, even if no actual authority was granted. The principal can be held liable under this doctrine. -
Agency
A seller discovers that her broker exceeded the scope of the listing agreement by agreeing to pay for pest inspection on the seller's behalf. The seller later approves of this action. This is an example of:
Correct — A. Ratification occurs when a principal, after the fact, approves or confirms an agent's unauthorized act. Once ratified, the act is treated as if it were originally authorized. -
Agency
Which of the following events will automatically terminate an agency relationship?
Correct — C. An agency relationship terminates automatically upon the death (or mental incapacity) of either party, destruction of the subject property, or expiration of the agreement. A failed inspection does not automatically end agency; the parties may renegotiate. -
Agency
A seller decides she no longer wants to list her property and notifies her broker in writing to cancel. What has occurred?
Correct — D. When the principal (seller) unilaterally cancels or withdraws from the agency agreement, it is called revocation by the principal. While the seller has the power to revoke, she may still owe a commission if the cancellation breaches a valid listing contract. -
Agency
In Florida real estate today, subagency to a buyer cooperating with a seller's listing broker is:
Correct — B. Modern Florida practice has largely moved away from subagency. When a cooperating broker shows a listing, that broker typically represents the buyer as a buyer's agent or acts as a transaction broker, rather than acting as a subagent of the listing broker. -
Agency
A buyer hires a broker under a written exclusive buyer representation agreement. The broker's primary duty is to:
Correct — A. Under an exclusive buyer representation agreement, the broker becomes the buyer's single agent and owes the buyer full fiduciary duties, including loyalty. The broker's primary obligation is to advance the buyer's best interests. -
Agency
A buyer's agent learns that the seller has received no other offers and has reduced the price twice. Which action is most appropriate?
Correct — C. A buyer's agent owes the buyer the duty of full disclosure. Information about the seller's lack of competing offers and price reductions is material and could be highly valuable to the buyer in negotiating a lower purchase price; therefore, the agent must promptly disclose it. -
Agency
A buyer signs an exclusive buyer-brokerage agreement with ABC Realty. Without terminating that agreement, the buyer then signs a separate exclusive buyer-brokerage agreement with XYZ Realty. Which is correct?
Correct — B. A buyer can sign multiple buyer-brokerage agreements, but this creates risk. If both brokers are entitled to a commission, the buyer could owe two commissions. Florida law does not prohibit multiple agreements, but buyers are advised to understand their contractual obligations. -
Agency
Which type of listing agreement gives only one broker the right to sell the property, but the seller can sell it themselves without paying a commission?
Correct — D. An exclusive agency listing grants one broker the exclusive right to market the property, but reserves for the seller the right to sell the property personally without owing the broker a commission. This differs from the exclusive right-of-sale listing, where a commission is owed regardless of who sells it. -
Agency
Under an exclusive right-of-sale listing, a commission is owed to the broker:
Correct — A. An exclusive right-of-sale listing guarantees the broker a commission if the property sells during the listing term no matter who procures the buyer — including the seller themselves. This is the most common listing type used in Florida. -
Agency
A seller signs open listings with three different brokers. The property sells through Broker C. Who receives the commission?
Correct — C. In an open listing, only the broker who is the procuring cause of the sale earns a commission. Broker C procured the buyer who actually purchased the property, so Broker C is entitled to the commission. The other brokers receive nothing. -
Agency
Florida real estate license law (Chapter 475, F.S.) considers net listings to be:
Correct — B. Net listings are not outright prohibited in Florida but are strongly discouraged and viewed as potentially unethical. The broker's financial interest (keeping everything above the net price) can conflict with the fiduciary duty to obtain the best price for the seller. FREC discourages this practice. -
Agency
Procuring cause in real estate refers to the broker who:
Correct — D. Procuring cause is the broker whose actions were the proximate and unbroken cause leading to the completed sale. It involves more than just showing the property; the broker must have initiated and continued the chain of events culminating in the sale. -
Agency
Broker A shows a buyer a property; the buyer later contacts the listing broker directly and buys the property without further involvement from Broker A. Which outcome is most likely regarding commission?
Correct — A. Procuring cause analysis considers whether Broker A's showing initiated an uninterrupted chain of events leading to the sale. If the buyer's contact with the listing broker was a direct result of Broker A's showing and no significant break occurred, Broker A could be found to be the procuring cause and entitled to a commission. -
Agency
Under Florida law (Johnson v. Davis), a seller is required to disclose facts that:
Correct — C. The Florida Supreme Court in Johnson v. Davis (1985) held that sellers must disclose all known facts that materially affect the value of residential real property and that are not readily observable or known to the buyer. Repaired defects may still require disclosure if they could affect value. -
Agency
A broker is representing the seller and is aware that the neighborhood is planned for a major highway expansion. This information would most likely:
Correct — B. Regardless of whether it is on-site or off-site, information that materially affects the property's value must be disclosed. A major highway expansion nearby could significantly impact value and is therefore disclosable as a material fact. -
Agency
Under Florida Statute §689.261, which of the following is a seller NOT required to disclose to a buyer of residential real property?
Correct — D. Florida Statute §689.261 specifically provides that the fact that a property was the site of a homicide, suicide, or death is not a material fact requiring disclosure. Death from natural causes falls squarely within this protection. Known physical defects like leaks, infestations, and code violations are disclosable. -
Agency
A buyer's broker notices cracks in the foundation during a showing. The seller has not disclosed this. What must the buyer's broker do?
Correct — A. All licensees — regardless of which party they represent — must disclose all known facts that materially affect the value of residential real property. A buyer's broker who observes visible foundation cracks must disclose this to the buyer immediately.
Florida Real Estate 25 26 sample questions
Tap any question below to reveal the answer and a plain-English explanation.
Agency Florida's designated sales associate provision allows:
A. Two sales associates from different brokerages to share a single listing
B. A sales associate to act as broker of record temporarily
C. Different sales associates within the same brokerage to act as single agents for each party in the same transaction ✓
D. A broker to represent both parties with no conflict of interest
Correct — C. Florida's designated sales associate provision (§475.278) permits a broker to designate one sales associate to represent the buyer and another to represent the seller in the same transaction, each acting as a single agent, when both parties have agreed to this arrangement and meet the transaction threshold (non-residential or residential ≥$1 million). The broker then acts as a transaction broker.
Contracts Which of the following is NOT one of the four essential elements required for a valid real estate contract in Florida?
A. Acknowledgment before a notary ✓
B. Offer and acceptance
C. Consideration
D. Legally competent parties
Correct — A. The four essential elements of a valid contract are offer and acceptance, consideration, legally competent parties, and lawful objective. Notarization is not required for a contract to be valid, though it may be required for recording a deed.
Financing In a mortgage transaction, the borrower is called the:
A. Mortgagee
B. Trustee
C. Beneficiary
D. Mortgagor ✓
Correct — D. The mortgagor is the borrower who pledges the property as collateral. The mortgagee is the lender who holds the mortgage lien.
Florida FREC Law How many members serve on the Florida Real Estate Commission (FREC)?
A. 7 ✓
B. 5
C. 9
D. 11
Correct — A. FREC is composed of 7 members appointed by the Governor and confirmed by the Senate. Four must be licensed brokers, one a licensed broker-salesperson or salesperson, and two are consumer members.
Florida Real Estate 25 26 Who appoints members to the Florida Real Estate Commission?
A. The Florida Legislature
B. The Secretary of DBPR
C. The Florida Attorney General
D. The Governor, confirmed by the Senate ✓
Correct — D. FREC members are appointed by the Governor and must be confirmed by the Florida Senate. This process ensures accountability and keeps the commission connected to elected state leadership.
Real Estate Math A home sells for $280,000 and the total commission rate is 6%. How much commission is earned?
A. $14,000
B. $19,600
C. $16,800 ✓
D. $28,000
Correct — C. Commission = sale price × rate = $280,000 × 0.06 = $16,800. Multiply the sale price by the decimal form of the commission percentage.
Practice Which Florida statute governs the licensing of real estate sales associates and brokers?
A. Chapter 475, Florida Statutes ✓
B. Chapter 455, Florida Statutes
C. Chapter 120, Florida Statutes
D. Chapter 718, Florida Statutes
Correct — A. Chapter 475, Florida Statutes (the Real Estate License Law) specifically regulates real estate brokers, sales associates, and schools in Florida. Chapter 455 covers general professions, and Chapter 718 covers condominiums.
Property Rights Which of the following is the BEST example of real property?
A. A barn permanently attached to land ✓
B. A portable storage shed
C. A riding lawnmower
D. A stack of lumber in the driveway
Correct — A. Real property includes land and anything permanently attached to it. A barn affixed to the land qualifies, while portable items like sheds, mowers, and lumber remain personal property.
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Contracts, financing and escrow
Real estate law and fair-housing rules
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