Florida Real Estate 25 26 Exam Questions & Answers 2026 (1–10)

Question 1

How many principals may a single agent represent in a single real estate transaction?

TheoryPractice · Accepted Answer

One. 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.

Question 2

Which of the following is NOT one of the fiduciary duties owed by a single agent to the principal under Florida law?

TheoryPractice · Accepted Answer

Subrogation. 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.

Question 3

A seller tells her single agent that she will accept $270,000 even though her list price is $299,000. The broker should:

TheoryPractice · Accepted Answer

Keep this information strictly confidential and not disclose it to any buyer. 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.

Question 4

Which of the following best describes a transaction broker in Florida?

TheoryPractice · Accepted Answer

A broker who provides limited representation to a buyer, seller, or both in a transaction. 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.

Question 5

Which duty is NOT owed by a transaction broker to a buyer or seller under Florida Statute §475.278?

TheoryPractice · Accepted Answer

Loyalty. 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.

Question 6

A transaction broker may disclose which of the following about a seller to a prospective buyer?

TheoryPractice · Accepted Answer

That the seller is motivated to sell quickly due to a job relocation. 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.

Question 7

In a no-brokerage relationship in Florida, a licensee is required to:

TheoryPractice · Accepted Answer

Deal honestly and fairly and disclose all known facts that materially affect property value. 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.

Question 8

When must a licensee provide the written agency disclosure (notice of agency relationship) to a buyer or seller in Florida?

TheoryPractice · Accepted Answer

Before or at the time of entering into a listing agreement or showing a property. 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.

Question 9

A buyer's agent shows a property listed with the same brokerage firm. Under Florida law, before showing the property the broker must:

TheoryPractice · Accepted Answer

Provide a written disclosure that the broker will act as a transaction broker or obtain written consent for dual agency. 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.

Question 10

A licensee meets a prospective buyer at an open house. According to Florida agency disclosure requirements, the licensee must provide the written disclosure:

TheoryPractice · Accepted Answer

Before or at the time of entering into an agreement to represent the buyer. 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.

Florida Real Estate 25 26 Exam Questions & Answers 2026 (1–10)

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