Becoming a real estate agent in Florida can be a good career option for those who are interested in the field and want to earn a lot of money. However, you cannot become one without a license and for obtaining a license, you will need to clear the exam. In order to help with your real estate exam, we have collected all the major points.
How Much Should I Score In Order To Pass?
If you want to become a broker or sales associate, the examination for that contains 100 multiple choice questions or MCQs. Out of 100 points, you must secure at least 75 points.
You will get an official photo bearing examination result report instantly after you get over your exam.
How Much Time Will I Be Given to Finish the Exam?
You will be given three and a half hours to finish your examination for both broker and sales associate examination.
What Should I Take with Me for the Exam?
· You must carry two forms of identification issued by the government, such as a driver’s license, green card, passport, U.S. social security card, or credit card. Photo bearing credit cards, student ID, or employment ID will not be considered as picture bearing identification. Your address and name must match the data on your application form.
· Florida Division of Real Estate Authorization Notice, a copy of the certificate of pre-licensing education completion, letters of equivalencies and/or Florida bar card from division of Division of Real Estate. In case the original was mailed to the Department of Business and Professional Regulation or Division of Real Estate with the authorization application, you should bring a photocopy.
· If English is your second language, word-for-word dictionary is necessary. This should be a paper dictionary with only phrase or word for word translation, no definitions. All dictionaries will be approved and inspected onsite.
· Basic calculator, which is non-scientific.
What is on the Examination?
The exam is a multiple choice question and is given on a computer.
The contents of sales associate exam:
· The real estate business (1%)
· Real Estate License Law and Commission Rules (2%)
· License Law and Qualifications for Licensure (6%)
· Authorized Relationships, Duties and Disclosures (7%)
· Violations of License Law, Penalties and Procedures (2%)
· Real Estate Brokerage Activities and Procedures (12%)
· Federal and State Laws Pertaining to Real Estate (4%)
· Titles, Deeds, and Ownership Restrictions (7%)
· Property Rights: Estates, Tenancies; Condominiums, Cooperatives, Community Development Districts, Homeowner Associations, and Time-Sharing (8%)
· Legal Descriptions (5%)
· Residential Mortgages (9%)
· Real Estate Contracts (12%)
· Real Estate Related Computations and Closing of Transactions (6%)
· Real Estate Markets and Analysis (1%)
· Taxes Affecting Real Estate (3%)
· Real Estate Investments and Business Opportunity Brokerage (2%)
· Planning and Zoning (1%)
The contents of brokers exam:
· Real Estate Brokerage Business (43%)
· Listing and Selling Real Property (6%)
· Valuing Real Property (9%)
· Contracts (11%)
· Financing (4%)
· Federal Income Tax Laws (5%)
· Closing Transactions (12%)
· Investment (4%)
· Zoning and Planning (1%)
· Property Management (1%)
· Environmental Issues (1%)
· The Real Estate Market (3%)