Florida Real Estate 25 26 Exam Questions & Answers 2026 (11–20)

Question 1

Under Florida law, a single agent who wishes to represent both the buyer and seller in the same transaction must:

TheoryPractice · Accepted Answer

Obtain written consent from both parties before proceeding. 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.

Question 2

An agency relationship in real estate is most commonly created by:

TheoryPractice · Accepted Answer

A written listing agreement or buyer representation agreement. 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.

Question 3

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?

TheoryPractice · Accepted Answer

Apparent authority. 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.

Question 4

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:

TheoryPractice · Accepted Answer

Ratification. 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.

Question 5

Which of the following events will automatically terminate an agency relationship?

TheoryPractice · Accepted Answer

Death of the principal. 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.

Question 6

A seller decides she no longer wants to list her property and notifies her broker in writing to cancel. What has occurred?

TheoryPractice · Accepted Answer

Revocation by the principal. 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.

Question 7

In Florida real estate today, subagency to a buyer cooperating with a seller's listing broker is:

TheoryPractice · Accepted Answer

Generally discouraged and rarely used; cooperating brokers typically act as transaction brokers or buyer's agents. 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.

Question 8

A buyer hires a broker under a written exclusive buyer representation agreement. The broker's primary duty is to:

TheoryPractice · Accepted Answer

Represent the buyer's best interests in the transaction. 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.

Question 9

A buyer's agent learns that the seller has received no other offers and has reduced the price twice. Which action is most appropriate?

TheoryPractice · Accepted Answer

Disclose it promptly to the buyer as it may affect negotiations. 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.

Question 10

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?

TheoryPractice · Accepted Answer

Both agreements may be binding; the buyer could owe two commissions if both brokers produce a ready, willing, and able buyer. 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.

Florida Real Estate 25 26 Exam Questions & Answers 2026 (11–20)

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