Florida Real Estate Sales Associate Practice Test

Answer choices

1. A. Florida Real Estate Commission, for review.
2. B. Local planning agency, as proposed.
3. C. County property appraiser, for the affected environment.
4. D. Title insurance underwriter, within the described operational context.

Wrong-answer review

• A. Florida Real Estate Commission, for review.: FREC handles real estate licensure and discipline; it does not prepare local comprehensive plan amendments.
• C. County property appraiser, for the affected environment.: The property appraiser assesses property for taxation; that role does not control comprehensive plan amendments.
• D. Title insurance underwriter, within the described operational context.: A title insurer evaluates title risk; it is not a local planning body.

Answer choices

1. A. A USDA loan program, as the recommended implementation across the complete governed service lifecycle.
2. B. A VA loan based solely on rural location, for consideration.
3. C. A reverse mortgage requiring no qualifying property, for the described technical objective.
4. D. A conventional loan guaranteed by USDA, for the required business outcome.

Answer choices

1. A. Those compensated property-management services are brokerage activity requiring a valid current active license, for the specified implementation requirement.
2. B. Only rent collection requires a license; negotiating leases for another never does, within the documented operational, security, ownership, and validation requirements.
3. C. No license is needed because the properties are rentals rather than sales, within organization-wide risk-and-accountability boundaries.
4. D. The activity is exempt whenever compensation is paid monthly instead of per transaction, under organization-wide implementation-governance requirements.

Answer choices

1. A. $400,000, because market value always equals taxable value, for the affected environment.
2. B. $320,000, because exemptions do not affect taxable value, for this task.
3. C. $270,000, reflecting assessed value after the applicable exemption
4. D. $50,000, because only the exempt amount is taxed, for the specified implementation requirement.

Answer choices

1. A. The grantor is correct because every deed limits covenants to the grantor's ownership period, as the selected approach for the stated technical and business outcome.
2. B. The buyer has no deed protection because only title insurance can address any earlier claim, for the required titles, deeds, and ownership restrictions outcome.
3. C. The deed transfers no title because a prior claim automatically voids every conveyance, as the proposed titles, deeds, and ownership restrictions approach.
4. D. A general warranty deed provides broad covenants extending through the chain of title, unlike a special warranty limited to the grantor's acts, for the stated requirement.

Answer choices

1. A. Familial status discrimination, as the primary proposed approach.
2. B. Age discrimination under the Fair Housing Act, for the stated scenario.
3. C. Marital status discrimination under the Fair Housing Act, as the selected response to the described condition.
4. D. Source-of-income discrimination under the Fair Housing Act, within the described operational context.

Answer choices

1. A. No violation exists unless the customer first proves a completed financial loss, as the recommended response to this scenario.
2. B. The conduct is only a private contract issue outside FREC's authority, as the primary proposed approach.
3. C. Failure to account for or deliver entrusted money or documents is a disciplinary ground, within this context.
4. D. Discipline is unavailable because entrusted documents are treated differently from entrusted money, within the documented scope, ownership, and validation boundaries.

Answer choices

1. A. The sales associate remains active because the discipline was against the broker, as the selected response to the described condition.
2. B. The sales associate becomes a transaction broker by default, as the selected response to the described condition.
3. C. The sales associate may keep working only on existing listings, within the described operational context.
4. D. The sales associate becomes involuntarily inactive until new employment or connection is secured.

Answer choices

1. A. The broker must first obtain the buyer's prior written consent to the transition, under the stated decision criteria.
2. B. The broker may switch roles immediately because transaction brokerage is presumed, for this task.
3. C. The broker must become a disclosed dual agent for both parties, within the documented scope, ownership, and validation boundaries.
4. D. The broker may switch roles only after closing, when confidentiality is no longer required, for this task.

Answer choices

1. A. An unlimited right to cancel at any time before the loan is repaid, under the organization’s defined implementation and exception-management process.
2. B. A three-business-day right of rescission, subject to the applicable TILA rules and exceptions, within the documented operational, security, ownership, and validation requirements.
3. C. A three-calendar-day right to rescind every residential purchase mortgage, under the stated technical, operational, and governance constraints.
4. D. No rescission right can apply once a principal dwelling is offered as security, for this task.