Florida Real Estate 25 26 Exam Questions & Answers 2026 (21–30)

Question 1

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?

TheoryPractice · Accepted Answer

Exclusive agency listing. 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.

Question 2

Under an exclusive right-of-sale listing, a commission is owed to the broker:

TheoryPractice · Accepted Answer

Whenever the property sells during the listing period, regardless of who procures the buyer. 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.

Question 3

A seller signs open listings with three different brokers. The property sells through Broker C. Who receives the commission?

TheoryPractice · Accepted Answer

Broker C, because they procured the buyer who purchased the property. 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.

Question 4

Florida real estate license law (Chapter 475, F.S.) considers net listings to be:

TheoryPractice · Accepted Answer

Potentially unethical and discouraged because the broker's interest may conflict with the seller's. 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.

Question 5

Procuring cause in real estate refers to the broker who:

TheoryPractice · Accepted Answer

Started an unbroken chain of events that led directly to the consummation of the sale. 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.

Question 6

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?

TheoryPractice · Accepted Answer

Broker A may still claim a commission as procuring cause if the showing was the direct, unbroken link to the sale. 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.

Question 7

Under Florida law (Johnson v. Davis), a seller is required to disclose facts that:

TheoryPractice · Accepted Answer

Materially affect the value of the property and are not readily observable. 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.

Question 8

A broker is representing the seller and is aware that the neighborhood is planned for a major highway expansion. This information would most likely:

TheoryPractice · Accepted Answer

Need to be disclosed because it materially affects the property's value. 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.

Question 9

Under Florida Statute §689.261, which of the following is a seller NOT required to disclose to a buyer of residential real property?

TheoryPractice · Accepted Answer

That a prior occupant died in the home due to natural causes. 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.

Question 10

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?

TheoryPractice · Accepted Answer

Disclose the observed cracks to the buyer as a material fact. 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 Exam Questions & Answers 2026 (21–30)

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