Blog Becoming a Real Estate Agent Free Florida Real Estate Practice Exam Questions 2024

Free Florida Real Estate Practice Exam Questions 2024

Florida is an ideal state to launch a real estate career. While housing prices are falling nationwide, Florida home prices are rising. The state’s warm temperatures, luxury properties, and sparkling beaches make its real estate an excellent investment. 

Individuals who wish to launch a Florida real estate career must start by getting a license. But before they get a license, they must take classes and pass the real estate exam. The exam is not easy, and many fail on their first attempt. 

Florida practice exam

Becoming familiar with the exam will increase your chances of passing the test. This article will outline what the test entails to increase your chances of getting a passing grade. 

Florida real estate laws and regulations

Florida has several real estate laws and regulations set by the Florida Real Estate Commission (FREC). These laws will be on the exam. They will also guide you in your career. 

There are several laws and regulations agents must become familiar with. Here are some of the most important ones to be aware of:

• Florida Homestead Laws: Florida homestead laws allow elderly and disabled people threatened with foreclosure to stay in their homes under certain circumstances. 
• Florida Lease and Rental Agreements: These laws control tenant-landlord relationships. They oversee the handling of rental and lease agreements, security deposits, prohibited forms of discrimination, etc. 
• Florida Adverse Possession Laws: Adverse possession laws allow a person who publicly inhabits a home and makes improvements to obtain the property’s title. 
• Statute of Limitations Laws: Statute of limitations laws limit the time a person has to file a civil lawsuit after a crime occurs. There are different statutes for different crimes including those concerning real estate. 
• Buying and Selling Homes: Buying and selling homes can be confusing processes. Agents must understand the relevant laws. These include exemptions, such as homestead exemptions, tax exemptions that lower property values so homeowners can reduce taxes, and access protection exemptions that protect them from almost all non-lien creditors. It also pertains to how buyers handle escrow money after committing to a home purchase. 
• Security Deposit Laws: Security deposit laws pertain to how landlords handle security deposits. It limits what landlords can charge tenants. It sets standards for how the landlord holds the money while the tenant lives in the property. It also sets guidelines for security deposit returns. 
• Tenant Rights Laws: Tenant rights laws refer to discrimination, security deposits, paying rent, rent increases, living conditions, repairs, ending and renewing a tenancy, and retaliation.
• Golf Ball Laws: Golf is one of Florida’s most popular recreational activities. It should be no surprise that golf ball laws are ‘a thing’ in the state. In this case, golf ball laws refer to a golfer’s right to trespass on a resident’s lawn to retrieve an errant golf ball. They may do so in a respectful manner. The laws also allow emergency service people to enter properties for safety reasons. They also affect necessary processes applied if a golf ball damages someone’s property. 
• Property and Fence Laws: Property and fence laws establish boundaries between neighbors’ properties. They include tree trimming laws that come into play if the branches of one neighbor’s tree overhang into their neighbor’s yard. 

What’s on the Florida real estate exam?

Applicants who wish to take the exam must become familiar with the exam topics. The topics are covered extensively in real estate courses. Here’s a brief overview of what’s included: 

• The Real Estate Business (1%): Applicants must know basic information about the real estate industry.
• License Law and Qualifications for Licensure (6%): This topic ensures the applicant understands licensure law and qualifications. 
• Real Estate License Law and Commission Rules (2%): Applicants must be familiar with real estate laws and regulations mandated by the Florida Real Estate Commission. 
• Authorized Relationships, Duties, and Disclosures (7%): Authorized relationships and duties refer to the relationships between agents and clients and the agent’s responsibilities. Disclosures refer to the information disclosed to the buyer before the sale. If information is not disclosed, the transaction could fall through. 
• Real Estate Brokerage Activities and Procedures (12%): Applicants must understand how brokerages operate. 
• Violations of License Law, Penalties, and Procedures (2%): This topic ensures the applicant understands what constitutes a violation of the license law and the penalties and procedures that may be involved. 
• Federal and State Laws About Real Estate (4%): Applicants must have a solid understanding of federal and state real estate laws to pass the test. 
• Property Rights: Estate Tenancies, Condominiums, Cooperatives Community Development Districts, Homeowners Associations, and Time Sharing (8%): Agents must understand property rights for various property types. 
• Titles, Deeds, and Ownership Restrictions (7%): Titles and deeds establish property ownership. Restrictions may affect how the owner can use the property. 
• Legal Descriptions (5%): Legal descriptions refer to the location and measurement of the property. 
• Real Estate Contracts (12%): There are various real estate contracts, including purchase agreements, exclusive agency listings, deed contracts, lease agreements, listing agreements, and more. The applicant must understand the meaning of these contracts and how to read them. 
• Residential Mortgages (9%): Applicants must understand residential mortgage topics such as financing and qualifications.
• Real Estate Related Computations and Closing of Transactions (6%): Real estate-related computations include taxes, down payments, rental debits and credits, etc. The closing is the final part of the real estate transaction. Applicants must be familiar with these processes. 
• Real Estate Markets and Analysis (1%): Applicants must understand how to analyze the real estate market. 
• Real Estate Appraisal (8%): Agents must understand what’s involved in a property appraisal.
• Real Estate Investments and Business Opportunity Brokerage (2%): A business brokerage is the sale or exchange of a business where land is involved. Real estate investments can refer to any real estate transaction but typically pertain to transactions in which the new owner is not the primary property resident. 
• Taxes Affecting Real Estate (3%): Taxes can refer to property taxes, document transfer taxes, parcel taxes, and other property-related fees. 
• Planning and Zoning (1%): Planning is a long-range policy that maps out the community’s future. Zoning refers to local laws that guide the allowable use of the property. 

Florida real estate exam FAQs?

The previous sections answered many questions about what will be on the real estate exam. But I’m sure you still have concerns about how you take the exam, and what you need to bring to the exam. This section will address those concerns and provide the answers you require. 

1. How many hours of prelicensing do I need before I can take the real estate exam?

You must take a 63-hour prelicensing course before you can take the exam. You will also need to get your fingerprints taken for a background check. You must submit your application to the Florida Department of Business and Professional Regulation. It will take about ten days for your application to get approved. 

2. How can I register to take the exam?

Once your application is approved, you will receive an email notification with a nine-digit ID number. You will need this number to schedule your exam through the Pearson VUE website. 

3. Where do I take the exam?

You can take the exam at any Pearson VUE website or online from the comfort of your home. 

4. How much does it cost to take the exam?

As of 2023, the cost to take or retake the Florida real estate exam is $57.75. 

5. How long is the Florida real estate exam?

The exam consists of 100 questions. You have 3.5 hours to complete the exam. 

6. What score do I need to pass the exam?

The passing score is 75%. 

7. What do I need to bring with me to the exam?

Applicants must bring two forms of government-issued ID and an authorization notice proving they completed the necessary coursework.

You may also bring a basic (non-scientific) calculator and a word-for-word dictionary if English is your second language. These items are not required, but they are recommended. 

8. What if I fail the test?

If you fail the test, you may retake it as often as you’d like. However, you must wait 24 hours between the time you receive your failing grade and the time you reschedule. You will also have to pay the $57.75 fee for each retake. 

You can continue retaking the test as long as your certificate of completion is valid. The certificate remains valid for two years. Once it expires, you must start over from square one and retake your classes, submit your application, and go through the fingerprint process again. 

9. I passed the test. Now what?

You will receive your real estate license 7 to 10 business days after you pass the exam. However, the license status will be inactive. You must start working with a broker to get your license activated. 

10. How soon will I get my results?

You will get your exam results immediately after you complete the test. 

11. How many people pass the Florida real estate exam?

Just 55% of people pass the Florida real estate exam on their first attempt. 

12. What qualifications do I need to take the real estate exam?

Before you take the real estate exam, you must go through the application process. Your application will be approved if you are at least 18 years old and have no prior convictions (per your background check). You must also have a United States Social Security number and a high school diploma. 

You don’t have to be a Florida resident to take the exam. 

13. What is the format of the real estate exam?

The real estate exam is multiple-choice. Each question has four options to choose from. 

14. What can I do to increase my chances of passing the real estate exam?

The real estate exam is not an easy test to take. But certain processes will increase your chances of getting a passing grade. Here are some useful tips:

• Form a Study Group: A study group will hold you accountable so you don’t flake on your studies. The members will provide a forum for you to learn from each other’s strengths and weaknesses. They will make learning fun. 
• Take Written and Type-Written Notes: Writing or typing will embed information in your mind. It will help you learn the material better. 
• Use Flashcards: Flashcards force you to recall information. They test your skills and get you ready for the day of the exam. 
• Take Practice Exams: Many study resources have practice exams that review your knowledge and familiarize you with the test format. 
• Set a Study Schedule: A study schedule will keep you on track so you don’t study too much or too little. 
• Use Acronyms: Acronyms make it easier to remember information. For example, you can use the acronym M.A.R.I.A. to remember information on real and personal property. The initials stand for method, adaptability, relationship, intention, and agreement. 

15. How do I find the right real estate school?

The real estate school you choose will play a significant role in whether you pass or fail the test. The following factors will ensure you choose the right school. 

• Courses offered: Some schools offer basic courses. Others will dive deeper to provide specialized information that will help you prepare for the test and grow your career. Choose the school that offers the courses that are right for you. 
• Online or in-person format: Schools may offer online or in-person lessons. Many aspiring agents prefer online lessons because they are convenient. However, in-person lessons are more engaging and may help you learn the material better. 
• Cost: Cost will be a factor for agents who are starting in their careers. But don’t judge schools on cost alone. Consider what you will get for your money. 

Florida real estate is a hot commodity. You can become an agent to profit from lucrative investments, but you must pass the real estate exam to earn your license. This article familiarizes you with the exam material so you know what to expect. Good luck on the rest of your journey.