FRC Real Estate Broker Examination study guide
FRC Real Estate Broker Examination · Work through your exam, one topic at a time.
The FRC Real Estate Broker Examination is the Florida state licensing exam a sales associate must pass to become a licensed real estate broker, and it is also the exam a broker takes when adding a brokerage or reactivating a license. It is administered through Florida's official testing vendor under the Florida Real Estate Commission's rules, and it is built for people who already hold an active Florida sales associate license and have completed the required broker prelicense course. The FRC Real Estate Broker Examination study guide has 10 sections and about 3,097 words.
01Licensing and Regulation of Real Estate Brokers and Brokerages
This domain tests how Florida licenses, registers, and disciplines real estate brokers and brokerage entities under Chapter 475, Part II, Florida Statutes, and FREC rules in Chapter 61J2. Expect questions on qualifications, qualifying brokers, branch offices, renewals, continuing education, and grounds for discipline.
353 words, about 2 min02Brokerage Operations, Office Management, and Supervision
Brokerage operations questions test whether the broker actually runs the office: supervision, written policies, advertising, transaction files, teams, and independent-contractor arrangements. The exam treats the broker as the person accountable for the acts of associates and staff.
311 words, about 2 min03Real Estate Law, Contract Law, and Florida Contract Forms
Contract questions focus on Florida contract law and the FR/Bar residential sale contract, including the AS IS and Standard versions, riders, contingencies, deadlines, default, and remedies. The exam tests whether a broker can spot a binding contract and protect the parties' deadlines.
331 words, about 2 min04Agency Relationships, Fiduciary Duties, and Disclosures
Agency questions test Florida's brokerage-relationship law: transaction broker as the default, single agent by written agreement, no dual agency, designated sales associates, and the disclosures owed to buyers and sellers. Florida presumes a transaction broker relationship unless a single-agent relationship is established in writing.
308 words, about 2 min05Escrow and Trust Accounting
Escrow questions test whether the broker safeguards other people's money: separate accounts, good funds, deposit timing, disbursement, reconciliation, shortages, interest, and record retention. Trust funds must be held in a separate escrow account at a Florida insured bank or savings association.
313 words, about 2 min06Real Property Ownership, Titles, Deeds, and Recording
Ownership questions test estates, forms of co-ownership, deeds, title, recording, liens, easements, and homestead. The broker must recognize what a deed actually conveys and what recording does and does not do.
286 words, about 1 min07Financing, Mortgages, and Lending Practices
Financing questions cover the note and mortgage, loan types, disclosures, and the financing contingency. The broker must know when a buyer's loan commitment is late and how federal disclosure timing affects closing.
308 words, about 2 min08Valuation, Appraisal, and Market Analysis
Valuation questions distinguish appraisal from comparative market analysis, test the three approaches, and require simple income capitalization. The broker should know when an appraisal license is required and what a CMA can and cannot say.
285 words, about 1 min09Landlord-Tenant, Leases, and Property Management
Florida residential leasing questions test Chapter 83, Part II, security deposits, notices, eviction, and property management licensing. The broker must know the landlord's and tenant's statutory rights and the limits on self-help.
305 words, about 2 min10Fair Housing, Ethics, and Consumer Protection
Fair housing and consumer protection questions test protected classes, prohibited practices, advertising, reasonable accommodation, and ethics. The broker is accountable for discriminatory ads and steering even when a sales associate acts.
297 words, about 1 min