Florida FREE Sample Exam — Fixed Set

The exam is administered by

the FREC

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Pearson VUE

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the DBPR

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a school

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A broker acting as a transaction broker in a commercial deal, where both customers have over $1 million in assets, designates one associate to advocate solely for the buyer. The associate

owes fiduciary duties to both sides

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acts as a single agent for the buyer, with single-agent duties

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is the buyer's dual agent

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needs no disclosures to either party

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Which of the following means: the FREC’s directive on disputed funds?

partnership

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interpleader

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group boycott

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Escrow Disbursement Order

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A life tenant who mortgages the property

cannot mortgage

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must get the remainderman's consent always

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encumbers only the life-estate interest, not the remainder

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encumbers the fee simple

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A buyer signs a developer contract for a new Florida condominium unit on June 23, 2026 and receives all required documents that day. Until when is the agreement voidable by the buyer?

July 18, 2026

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July 03, 2026

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July 08, 2026

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July 09, 2026

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A chain of title is

a title insurance policy

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a lien

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a survey

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the history of conveyances and encumbrances affecting the property

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A rectangular lot 90 feet by 230 feet is valued at $8 per square foot. What is the lot’s value?

$175,600

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$2,560

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$165,600

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$3.80

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A buyer offers $350,000 with a 3% earnest money deposit. The deposit is

$21,000

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$10,500

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$5,250

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$14,000

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The borrower may reinstate the loan by

paying one payment

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paying arrears and costs before the foreclosure sale

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selling the home

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filing bankruptcy only

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The best description of ‘Freddie Mac’ is

the party taking the security interest

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a multi-property mortgage

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a major loan purchaser and securitizer

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an interim improvement loan

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The seller prepaid a $3,650 annual hazard insurance policy. Using a 365-day year, with closing on day 172 (buyer owns closing day), how much does the buyer reimburse the seller for the unused portion?

$1,710

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$1,720

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$304.17

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$1,940

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Competition holds that

excess profit attracts competition, which tends to reduce returns

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profits are guaranteed

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monopolies raise value

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competition is illegal

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Florida FREE Sample Exam — Fixed Set

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