#1
Which agency regulates real estate licensing and practices in Florida?
Federal Trade Commission (FTC)
Florida Department of Business and Professional Regulation (DBPR)
Florida Real Estate Commission (FREC)
Florida Association of Realtors (FAR)
#2
What is the minimum age requirement to obtain a real estate license in Florida?
18 years old
21 years old
25 years old
There is no age requirement
#3
What is the purpose of the Florida Real Estate Commission (FREC)?
To enforce federal real estate laws
To provide financial assistance to real estate agents
To regulate real estate licensing and practices in Florida
To promote international real estate investments in Florida
#4
Which of the following is NOT considered a violation of Florida real estate license law?
Commingling of funds
Failure to disclose material defects
Dual agency without informed consent
Refusal to negotiate in good faith
#5
In Florida, what is the maximum amount of time a real estate broker has to deposit escrow funds into a trust account after receiving them?
24 hours
48 hours
3 business days
5 business days
#6
Which of the following is NOT required to be disclosed in Florida real estate transactions?
Lead-based paint hazards
Presence of radon gas
Previous ownership history
Zoning restrictions
#7
In Florida, how many hours of pre-licensing education are required for a sales associate?
45 hours
60 hours
75 hours
90 hours
#8
Which of the following is NOT a requirement to renew a Florida real estate license?
Completion of continuing education
Submission of renewal fee
Passing a background check
Proof of citizenship
#9
In Florida, what is the maximum fine for a first-time violation of real estate license law?
$1,000
$5,000
$10,000
There is no maximum fine
#10
What is the purpose of the Florida Real Estate Recovery Fund?
To provide financial assistance to consumers who have been harmed by real estate licensees
To fund education programs for real estate professionals
To invest in real estate development projects
To compensate real estate agents for lost commissions
#11
Which of the following is NOT a type of agency relationship recognized in Florida real estate transactions?
Single agency
Dual agency
Designated agency
Subagency
#12
What is the purpose of the Florida Condominium Act?
To regulate the sale of condominium units
To establish guidelines for building construction
To provide tax incentives for condominium developers
To regulate the rental of condominium units
#13
What is the Florida homestead exemption?
An exemption allowing homeowners to reduce the assessed value of their primary residence for property tax purposes
A federal law protecting homeowners from foreclosure
A regulation limiting the number of properties an individual can own
A requirement for homeowners to maintain their property to a certain standard
#14
Which of the following is true regarding real estate advertising in Florida?
All advertising must include the broker's license number
Advertising is not regulated in Florida
Only print advertising is subject to regulation
Licensees are not allowed to advertise their services
#15
What is the purpose of the Florida Fair Housing Act?
To regulate the size of residential properties
To ensure equal housing opportunities for all individuals
To establish guidelines for property taxes
To restrict foreign investment in real estate
#16
What is the purpose of the Florida Landlord and Tenant Act?
To regulate property management companies
To establish guidelines for residential leases
To restrict foreign ownership of rental properties
To provide subsidies for low-income tenants
#17
What is the purpose of the Florida Residential Landlord and Tenant Act?
To regulate the sale of residential properties
To establish guidelines for landlord-tenant relationships
To restrict foreign ownership of residential properties
To provide tax incentives for residential landlords