FRESA - Florida Real Estate Sales Associate Exam

Question 1: A licensee in Ocala is studying the statutory definitions and needs to identify the term Florida uses for a broker who stands in a relationship of trust and confidence with a seller as that seller's agent. Which term is that?

Fiduciary

Customer

Transaction broker

Subagent

Question 2: A seller in Naples signs a written single agent notice with a brokerage before listing her home for sale. Her licensee explains that Florida law now gives her a specific statutory label in that relationship. Which label applies to her?

Customer of the brokerage

Third party beneficiary

Cooperating party

Principal of the brokerage

Question 3: A broker in Sarasota is preparing the written notice she gives to sellers who want full fiduciary representation, and the notice must list every duty that relationship carries. How many duties does Florida assign to a single agent?

Three duties

Seven duties

Nine duties

Twelve duties

Question 4: A licensee in Fort Myers is explaining Florida's default brokerage relationship to a buyer and wants to state the number of obligations correctly before walking through them one at a time. How many duties does a transaction broker owe?

Three duties

Five duties

Six duties

Seven duties

Question 5: A broker in Winter Park hands a seller the written disclosure required before entering a listing agreement for full representation. Which heading does the statute require at the top of that document so the seller knows what she is signing?

FIDUCIARY AGREEMENT

EXCLUSIVE REPRESENTATION FORM

SINGLE AGENT NOTICE

BROKERAGE DISCLOSURE STATEMENT

Question 6: An instructor in Ocala asks her class to name the obligation that appears on all three of Florida's brokerage relationship duty lists. Which duty is owed whether the licensee is a single agent, a transaction broker, or in no brokerage relationship at all?

Accounting for all funds

Obedience to lawful instructions

Loyalty to the customer

Limited confidentiality

Question 7: A broker in Melbourne who serves a seller as a single agent needs the seller's written consent before changing to a transaction broker role. The statute prescribes the wording the seller must initial or sign. Which phrase begins that consent?

I waive every duty owed me

My agent may assume transaction broker duties

I release my broker from liability

I acknowledge no relationship exists

Question 8: A broker in Ocala is deciding whether the written relationship notices apply to a particular deal. Her instructor asks her to state what Florida means by a residential sale for purposes of those written disclosure requirements. Which definition is correct?

Any property with a dwelling on it

Improved property of eight units or fewer

Four units or fewer, or small acreage

Any property a family intends to occupy

Question 9: A broker in Tampa conducts an auction of residential property and also completes an appraisal assignment for a lender during the same week. She asks whether Florida's written disclosure requirements reach either of those two activities. Which answer is correct?

Both require the written notices

Only the auction requires notice

Only the appraisal requires notice

Neither activity requires the written notices

Question 10: A broker in Miami has properly designated two sales associates to represent the buyer and the seller separately in a large commercial transaction. What level of duty does each designated associate now owe to the party assigned to her?

The single agent duties

The transaction broker duties

The no brokerage relationship duties

No duties beyond honesty

Question 11: A seller in Bradenton tells her single agent in writing to stop bringing her offers below a stated price because the interruptions are exhausting. A low offer arrives the next day. What does the duty regarding offers require now?

Present it anyway, duty not waivable

Present it only after the listing expires

Follow the written direction the seller gave

Refer the offer to another brokerage

Question 12: A transaction broker in Ocala fails to check whether a property is served by public sewer, tells the buyer it is, and the buyer discovers a failing septic system after closing. Which duty has the broker most clearly breached?

Using skill, care, and diligence

Accounting for all funds entrusted to her

Limited confidentiality owed to the parties

Presenting all offers in a timely manner

Question 13: A buyer in Fort Lauderdale asks her licensee whether any prior occupant of a listed home was diagnosed with a serious infectious illness. How does Florida law treat that subject when a buyer puts the question directly to a licensee?

She must answer fully and truthfully

She must obtain the seller's consent first

The statute declares such facts not material

Refer the buyer to health officials

Question 14: A sales associate in Jacksonville learns that a licensee at another firm has been depositing customer money into a personal account. She wonders whether keeping quiet about what she knows creates any exposure for her own license. What is the consequence?

Failing to report is itself a violation

Reporting is optional and carries no consequence

Only brokers must report violations

Reporting is required only after a conviction

Question 15: A property owner in Ocala hires a management company to operate her apartment building indefinitely, handling leasing, repairs, and rent collection across many transactions. Which kind of agent has she created in that arrangement under general agency law today?

A special agent

A general agent

A universal agent

A gratuitous agent

Question 16: A listing brokerage in Naples and its seller have a valid agency relationship, and the seller's home is destroyed by fire before any buyer appears. The seller asks what happens to the agency relationship after that loss. Which answer applies?

It continues until the listing date expires

It converts to a buyer representation agreement

It continues until the commission approves termination

It terminates with the subject matter

Question 17: A broker whose registered office sits in Georgia holds a Florida license and lists property in Jacksonville. The department later requests documents from her by certified mail during an investigation. What did Florida law require of her at registration?

Maintaining a Florida bank account

Employing a Florida resident associate

Agreeing in writing to cooperate with investigations

Posting a bond with the department

Question 18: A broker in Sarasota opens a second location where she will conduct brokerage business and asks what the license law says about registering that additional office and the annual fee the commission may charge for it. Which answer is correct?

Registered, with a statutory fee cap

No registration if visited weekly

Registered, with a county-set fee

Registration only after two years

Question 19: A broker in Ocala closes a branch office for the summer season and reopens it at the very same address before her current license period ends. Does the commission expect a new registration and another fee for that reopening?

A new registration and fee

New registration, but no fee

Neither until the next period

No additional fee, same location

Question 20: A sales associate in Orlando places a classified advertisement reading only that a lovely three-bedroom home is available and giving a mobile number, with no indication that a licensee or a brokerage is involved. What has she published?

A blind advertisement, which violates the rule

A permissible teaser advertisement

A protected commercial free speech notice

A lawful advertisement, since no price appears

FRESA Florida Real Estate Sales Associate Exam - Set 2 - Part 1