Free Florida Real Estate Practice Exam 2026

Florida real estate exam sample questions and answers

6 of the 100 practice questions, one from each topic, with the answer explained.

1. 1. In Florida, a lawsuit on a contract founded on a written instrument generally must be filed within:

   • A.7 years
   • B.5 years
   • C.4 years
   • D.3 years

   Answer: B. Section 95.11(2)(b), Florida Statutes, sets 5 years for a legal or equitable action on a contract founded on a written instrument. Shorter periods apply to other claims, which is why 4 years is a common mix-up.

2. 2. In Florida, the fact that a home was the site of a homicide or suicide is:

   • A.Disclosable for three years
   • B.A latent defect to disclose
   • C.Disclosable only if asked in writing
   • D.Not a material fact to disclose

   Answer: D. Section 689.25 says a homicide, suicide or death on the property is not a material fact that must be disclosed, and no cause of action arises against an owner or licensee for not disclosing it. Physical defects are a different matter.

3. 3. A Florida homeowner defaults on a mortgage. The lender must foreclose:

   • A.Through the courts, in equity
   • B.By a trustee's power of sale
   • C.By recording a default notice
   • D.Through a county auction, no suit

   Answer: A. Section 702.01 requires all Florida mortgages to be foreclosed in equity, so foreclosure is judicial. Florida is a lien-theory state under section 697.02, so the lender does not hold legal title to sell without a court.

4. 4. Two brokers agree that one will take listings only east of Main Street and the other only west. This antitrust violation is:

   • A.A tie-in agreement
   • B.Price fixing
   • C.Market allocation
   • D.A group boycott

   Answer: C. Dividing territories or customers among competitors is market allocation, which the Sherman Act prohibits. Price fixing is agreeing on commission rates, which must instead be set by negotiation between each broker and client.

5. 5. A buyer pays $325,000 with a $260,000 loan. Buyer closing costs are $9,750, and a $10,000 earnest money deposit was paid at contract. What cash is due at closing?

   • A.$55,000
   • B.$324,750
   • C.$64,750
   • D.$74,750

   Answer: C. Down payment is $325,000 - $260,000 = $65,000; adding $9,750 in costs gives $74,750; subtracting the $10,000 earnest money already paid leaves $64,750. Forgetting the earnest money credit gives $74,750, and leaving out closing costs gives $55,000.

6. 6. A seller's deed warrants title only against defects that arose while the seller owned the property, not earlier ones. This is a:

   • A.Special warranty deed
   • B.Full general warranty deed
   • C.Quitclaim deed
   • D.Trustee's deed

   Answer: A. A special warranty deed covers only defects arising during the grantor's ownership. A general warranty deed gives the broadest protection, with covenants of seisin, against encumbrances, quiet enjoyment and warranty forever, covering defects from any earlier owner.