Florida · state portion

Free Florida Federal and State Laws Pertaining to Real Estate practice questions

10 original questions with full explanations. 3 of the 100 scored exam questions (about 3%) come from this area.

1. 1

   A real estate sales associate receives an email from a potential client who has previously opted out of receiving emails. What law does the associate need to comply with?

   • A. CAN-SPAM
   • B. Do-Not-Call
   • C. Fair Housing Act
   • D. Americans with Disabilities Act
   Show answer & explanation

   Answer: A

   The associate needs to comply with CAN-SPAM, which regulates commercial emails and requires opt-out mechanisms.

2. 2

   A real estate sales associate receives an email from a consumer who has opted out of further contact. What should the associate do?

   • A. Respond to the email and try to persuade the consumer to opt back in
   • B. Ignore the email and continue to send marketing materials
   • C. Report the consumer to the Florida Real Estate Commission
   • D. Add the consumer's email address to a do-not-contact list
   Show answer & explanation

   Answer: D

   The CAN-SPAM Act requires that senders of commercial emails honor opt-out requests and add the consumer's email address to a do-not-contact list.

3. 3

   The Truth-in-Lending Act (TILA) requires lenders to disclose certain information to borrowers, including the annual percentage rate (APR). Which of the following trigger terms would require a lender to provide a TILA disclosure?

   • A. Fixed rate
   • B. Variable rate
   • C. Annual percentage rate
   • D. Finance charge
   Show answer & explanation

   Answer: D

   The trigger term 'finance charge' would require a lender to provide a TILA disclosure, as it is a term that indicates the borrower will be charged interest or other fees.

4. 4

   A real estate sales associate is advertising a property and uses the phrase 'low monthly payments.' Which federal regulation is triggered by this phrase?

   • A. TILA/Regulation Z
   • B. RESPA
   • C. ADA
   • D. CAN-SPAM
   Show answer & explanation

   Answer: A

   The phrase 'low monthly payments' is a trigger term that requires the sales associate to provide additional disclosures under TILA/Regulation Z.

5. 5

   Which federal law prohibits discriminatory practices in the sale, rental, and financing of housing based on certain protected classes?

   • A. Fair Housing Act
   • B. Americans with Disabilities Act
   • C. Truth in Lending Act
   • D. Real Estate Settlement Procedures Act
   Show answer & explanation

   Answer: A

   The Fair Housing Act prohibits discriminatory practices based on 7 protected classes: race, color, religion, sex, national origin, disability, and familial status.

6. 6

   Which federal law prohibits discriminatory practices in the sale, rental, and financing of housing based on certain protected characteristics?

   • A. Fair Housing Act
   • B. Equal Credit Opportunity Act
   • C. Americans with Disabilities Act
   • D. Civil Rights Act
   Show answer & explanation

   Answer: A

   The Fair Housing Act prohibits discriminatory practices in the sale, rental, and financing of housing based on seven protected characteristics: race, color, national origin, religion, sex, familial status, and disability.

7. 7

   What is the purpose of the Do-Not-Call registry in relation to real estate?

   • A. To prohibit real estate sales associates from making unsolicited phone calls to consumers
   • B. To require real estate sales associates to register with the state before making phone calls
   • C. To provide consumers with a list of recommended real estate sales associates
   • D. To establish a national registry of real estate transactions
   Show answer & explanation

   Answer: A

   The Do-Not-Call registry is a federal registry that allows consumers to opt-out of receiving unsolicited phone calls, including those from real estate sales associates.

8. 8

   A real estate sales associate is working with a client who has a disability and requires accommodations to view a property. What is the associate's responsibility under the Americans with Disabilities Act?

   • A. To refuse to show the property to the client
   • B. To charge the client an additional fee for the accommodations
   • C. To refer the client to a different agent who specializes in working with clients with disabilities
   • D. To provide reasonable accommodations to ensure the client can view the property
   Show answer & explanation

   Answer: D

   The Americans with Disabilities Act requires that real estate sales associates provide reasonable accommodations to ensure that clients with disabilities have equal access to housing opportunities.

9. 9

   A real estate sales associate is advertising a property and uses the term 'variable rate' in the advertisement. Which federal regulation is triggered by this term?

   • A. TILA/Regulation Z
   • B. RESPA
   • C. ADA
   • D. CAN-SPAM
   Show answer & explanation

   Answer: A

   The term 'variable rate' is a trigger term under TILA/Regulation Z, which requires certain disclosures in advertisements for consumer credit transactions, including mortgage loans.

10. 10

    Under the Florida Landlord and Tenant Act, what is the required notice period for a landlord to terminate a month-to-month tenancy?

    • A. 15 days
    • B. 90 days
    • C. 60 days
    • D. 30 days
    Show answer & explanation

    Answer: D

    The Florida Landlord and Tenant Act requires a 30-day notice period for a landlord to terminate a month-to-month tenancy, except in cases where the rental agreement specifies a longer notice period.