Florida Real Estate Broker Practice Exam
Free Practice Exam
Test your knowledge with 10 questions from our pool of 20 free questions.
- 10 questions per attempt
- 30 minute time limit
- Unlimited attempts
- A new mix each time
- Instant results
Full Practice Exam
Complete exam simulation matching the real Pearson VUE test format.
- 100 questions (same as real exam)
- 210 minute time limit
- 12 topic areas covered
- 502 questions in pool
- Detailed explanations
Texts preferred · 9am–9pm Central
Florida Real Estate Broker Practice Exam Guide
What's on the exam
Questions per topic, out of 100This practice exam follows the official content outline for the Florida Real Estate Broker exam: Real Estate Brokerage Business, Valuing Real Property, Listing and Selling Real Property, Contracts, Financing, Closing Transactions, Federal Income Tax Laws, Investment, Zoning and Planning, Environmental Issues, Property Management, The Real Estate Market.
You have two ways to practice. The free practice exam gives you 10 questions per attempt, and you can retake it as often as you like. The full practice exam gives you 100 questions on a 210 minutes clock, with a new draw from our question bank every attempt.
Real Estate Brokerage Business 43 items
Our study plan for this topic: Broker licensure: application process, mutual recognition, experience and education requirements, the examination; Post-licensing and continuing education, renewal, and sales associate license requirements; Brokerage entity registration vs. licensure, multiple licenses vs. group license, change of address, exemptions; Registered brokerage entities: sole proprietorship, general and limited partnerships, LLPs, corporations; non-registered entities; Trade names, the principal office and branch offices, entrance signs, and ADA requirements for the office; Advertising: broker and agent requirements, false or misleading ads, blind ads, fair housing, telephone solicitation, rental lists; Capital and start-up costs; projecting income, income sources, and operating expenses for a new brokerage; Tax considerations: cash vs. accrual accounting and the IRS employee vs. independent contractor tests.
Valuing Real Property 9 items
Our study plan for this topic: Appraisal vs. comparative market analysis; USPAP and basic appraisal concepts; Sales comparison approach; Cost-depreciation approach; Income capitalization approach; Comparative market analysis and the broker price opinion (BPO); Business valuation; Principles of value: substitution, anticipation, conformity, increasing/decreasing returns, external economies and diseconomies; Highest and best use analysis: as though vacant vs. as improved.
Listing and Selling Real Property 6 items
Our study plan for this topic: The concept of agency and broker duties; Disclosure requirements at first contact for residential sales, and the exemptions; Transaction broker relationship; single agent to transaction broker transition; No brokerage relationship; single agent relationship; designated sales associate; Terminating a brokerage relationship; Legal: titles and deeds; Brokerage relationship disclosure format, timing, and recordkeeping requirements; Six situations that do not create a brokerage relationship and require no disclosure.
Contracts 11 items
Our study plan for this topic: Listing agreements; Entitlement to commission: referral fees and the Commercial Real Estate Sales Commission Lien Act; Purchase and sale contracts: unauthorized practice of law and the statute of frauds; Documents for the listing contract; Real estate contracts and required disclosures; Other contracts (options, leases, installment); Contract provisions: dates, time is of the essence, and closing procedures; Breach of contract remedies: liquidated damages, specific performance, and compensatory damages.
Financing 4 items
Our study plan for this topic: Mortgage concepts and practices; Conventional, government-insured or guaranteed, and other mortgage loan types; Other financing techniques; Federal consumer protection legislation; The broker's role in financing and mortgage fraud; Finance math; Residential loan underwriting process and borrower qualification; Credit scoring and credit history analysis.
Closing Transactions 12 items
Our study plan for this topic: The broker's role at closing; Closing steps: deeds and titles; Understanding the Closing Disclosure: where each item appears and whether it is a debit or credit to buyer or seller; Prorating procedures (365-day year, the day of closing), documentary stamp tax and intangible tax; Preliminary closing steps and broker checklists (loan application monitoring, contingency clearance, title insurance, survey, WDO inspection); Preclosing walk-through inspection: objectives and broker liability limits; FIRPTA withholding requirements and IRS Form 1099-S reporting at closing; Loan Estimate vs. Closing Disclosure: purpose, timing, and replacement of HUD-1.
Federal Income Tax Laws 5 items
Our study plan for this topic: Taxation of the principal residence; Sale of the principal residence and the exclusion; Investment operations: depreciation and deductions; Sale of investment property and capital gains; Deferring taxes upon disposition (like-kind exchanges, installment sales); Overview of federal income tax law affecting real estate; Homeowner tax deductions: property taxes and mortgage interest limits; Deductibility of points paid on home loans.
Investment 4 items
Our study plan for this topic: Investment properties and investor needs; Leases; Mortgages and leverage; Property expenses; Investment analysis; Investment math; Types of investment risk (static, dynamic, business, financial, capital, regulatory, inflation); Lease options and tenant rights (renewal, expansion, right of first refusal, right of first offer, termination).
Zoning and Planning 1 item
Our study plan for this topic: Zoning; Subdividing and development of land; Wetlands and ecological issues; Florida Community Planning Act and concurrency requirements; Zoning ordinances and land-use classifications; Nonconforming use, variance, and special exception distinctions; Planned unit developments (PUDs) and community development districts (CDDs); National Flood Insurance Program and special flood hazard areas.
Environmental Issues 1 item
Our study plan for this topic: CERCLA; Environmental hazards; SARA and innocent landowner defense; Environmental site assessments (Phase I, II, and III); Asbestos regulation and disclosure; Radon disclosure requirements; Lead-based paint disclosure requirements and exceptions; Florida-specific environmental issues (sinkholes, mold, dockage).
Property Management 1 item
Our study plan for this topic: Introduction to property management, markets, and skills; The rental process; The owner-manager relationship; Florida Residential Landlord and Tenant Act; Federal and state laws; Licensing requirements and exemptions for property managers and community association managers; Types of property management markets (residential, commercial, community associations); Lease types, clauses, and completion restrictions.
The Real Estate Market 3 items
Our study plan for this topic: Characteristics of the real estate market; Basic real estate math; Supply and demand variables in real estate markets.
Sample 1 — Real Estate Brokerage Business
Question: A brokerage corporation's only active broker unexpectedly resigns. If the vacancy is not filled by an active or temporary broker, the brokerage registration is automatically canceled after ___.
- A. 10 calendar days
- B. 7 calendar days
- C. 30 calendar days
- D. 14 calendar days
Correct Answer: D
Rule 61J2-5.018 requires the vacancy to be filled within 14 calendar days, during which no new brokerage business may be performed. Failure to appoint another active or temporary broker within 14 calendar days results in automatic cancellation of the brokerage registration, and the licenses of its broker associates and sales associates become inactive.
Reference: Chapter 61J2, F.A.C. (Printable Law Booklet), Rule 61J2-5.018
Sample 2 — Closing Transactions
Question: A broker is closing a sale in which the seller is a foreign investor. The amount realized on the sale is $340,000, and the buyer intends to occupy the home as a personal residence. Under FIRPTA, how much must be withheld from the seller's proceeds?
- A. $34,000
- B. Nothing is withheld
- C. $17,000
- D. $51,000
Correct Answer: D
FIRPTA requires the buyer of property owned by a foreign investor to withhold 15% of the amount realized. The personal-residence exemption applies only when the amount realized is not more than $300,000, so this $340,000 sale is not exempt: $340,000 × 15% = $51,000. The title closing agent commonly withholds the tax as a service and must deposit it with the IRS.
Reference: FL Broker's Guide 8th, Ch. 13 (IRS reporting requirements — FIRPTA)
Sample 3 — Contracts
Question: Under s. 475.5015, F.S., the brokerage relationship disclosure documents required by ss. 475.2755 and 475.278 must be retained by the real estate licensee in:
- A. All transactions in which property was shown
- B. All transactions in which a commission was paid
- C. All transactions resulting in a written sale contract
- D. All transactions in which a listing was taken
Correct Answer: C
Section 475.5015, F.S., states that disclosure documents required under ss. 475.2755 and 475.278 shall be retained by the real estate licensee in all transactions that result in a written contract to purchase and sell real property.
Reference: Chapter 475, Part I, Florida Statutes (Printable Law Booklet), s. 475.5015, F.S.
Treat your first attempt as a checkup, not a verdict. After every attempt, the results page breaks your score down by outline topic, so you can see which topics need work. Compare your score with the real exam's passing score, 75 correct answers out of 100 scored questions, and keep practicing until you pass consistently.
- Answer what you know first. Go through every question once, answer the ones you know, and bookmark the rest. Our practice exams let you bookmark and come back.
- Come back to your bookmarks. Work them out on your second pass.
- Watch your pace. The real exam works out to about 2 minutes 6 seconds per question.
- Look up every miss. After each attempt, find each missed question's reference in your book and read the section.
| Questions | 100 questions |
| Time limit | 210 minutes |
| Passing score | 75 correct answers out of 100 scored questions |
| Books in the exam room | Closed book (no books in the room) |
- Candidates receive an official photo-bearing exam result report immediately after finishing the examination.
Source: Candidate Information Booklet — Real Estate Broker Examination, Effective March 2024. Check the bulletin before test day: fees and rules can change.