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Florida Broker Exam Questions and Answers | Latest Version | 2025/2026 | Correct & Verified
What is the role of a broker as a single agent in Florida?✔✔To act with loyalty, confidentiality, and obedience to the client
What must a broker do before placing a sign on someone else's property?✔✔Obtain written permission from the property owner
How long must a Florida broker retain records of real estate transactions?✔✔At least five years
What must a broker do when a dispute arises over escrow funds?✔✔Notify the Florida Real Estate Commission within 15 business days
What is the term used when a broker appoints sales associates to represent each side in a nonresidential transaction?✔✔Designated sales associates 1 / 4
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Who issues real estate licenses in the state of Florida?✔✔The Florida Department of Business and Professional Regulation (DBPR)
What is the maximum penalty the FREC can impose for a third-degree felony?✔✔A fine up to $5,000 and/or 5 years in prison
What must a broker do if their office location changes?✔✔Notify the DBPR within 10 days
What happens if a broker's license is suspended?✔✔All associated licenses become involuntarily inactive
What type of business entity cannot be registered as a real estate brokerage in Florida?✔✔Corporation sole
What is the main purpose of the Florida Real Estate Commission (FREC)?✔✔To protect the public by regulating real estate professionals 2 / 4
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When must a licensee complete the post-licensing education requirement?✔✔Before the first license renewal
What is the first thing a broker must do when receiving conflicting demands for escrow?✔✔Initiate a settlement procedure within 30 business days
What is the legal term for mixing personal funds with escrow funds?✔✔Commingling
What is the name of the notice that must be signed by a seller before entering a transaction brokerage relationship?✔✔No brokerage relationship notice
What is a blind advertisement?✔✔An ad that fails to clearly identify the broker’s registered name
What is the broker's role in a limited representation (transaction broker)? 3 / 4
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✔✔To facilitate the transaction without fiduciary duties
What is the required experience for a sales associate to qualify for a broker license in Florida?✔✔24 months of active experience in the past five years
What is the maximum referral fee a licensee can pay to an unlicensed person?✔✔A token of appreciation not involving real estate compensation
What is the term for a court-ordered payment from the Real Estate Recovery Fund?✔✔Reimbursement
What is the maximum payment allowed from the Real Estate Recovery Fund per transaction?
✔✔$50,000
When is a broker required to register a trade name with DBPR?✔✔Before advertising under that name
What must happen for a brokerage relationship to be legally terminated?
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