Financing
Four of the 100 items cover mortgage concepts, loan types, federal consumer protection legislation, the broker's role, and finance math.
Loan types and federal disclosure
A conventional loan is any mortgage loan neither insured by the FHA nor guaranteed by the VA, and above 80 percent loan-to-value it normally requires private mortgage insurance. Loan-to-value math is the most common calculation here: an 80 percent loan on a $400,000 purchase means a $320,000 loan and an $80,000 down payment. Regulation Z, implementing the federal Truth in Lending Act, treats specifics such as the amount or percentage of a down payment, the number of payments, the period of repayment, the payment amount, and the finance charge as trigger terms, and once one appears in an advertisement the full credit terms including the annual percentage rate must follow. RESPA governs settlement service disclosures and prohibits kickbacks and unearned fees.
Mortgage fraud
Section 817.545(2), F.S., makes it mortgage fraud to knowingly, and with intent to defraud, make or use a material misstatement, misrepresentation, or omission during the mortgage lending process with the intention that it be relied on by a lender, borrower, or other participant. Section 817.545(5), F.S., grades the offense as a third-degree felony, rising to a second-degree felony where the loan value stated on the documents exceeds $100,000. Section 817.545(3), F.S., provides that an offense may not be predicated solely on information lawfully disclosed under federal disclosure laws.
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State-specific details
State exam facts
- State regulator
- Florida Real Estate Commission (FREC), DBPR
- Exam vendor
- Pearson VUE
- Prelicensing education
- 72-hour FREC-approved broker pre-license course
- Passing score
- 75%
- Scored questions
- 100
- Time limit
- 210 minutes
Who regulates real estate brokers in Florida?
The Florida Real Estate Commission (FREC), housed within the Department of Business and Professional Regulation (DBPR), licenses brokers and sales associates. DBPR uses Pearson VUE as the official testing provider.
What experience do I need before the Florida broker exam?
Section 475.17(2)(b), F.S., requires 24 months of licensure during the preceding five years, and it accepts any of three paths: an active sales associate license held in Florida or in another state, territory, or foreign jurisdiction; a sales associate license held while salaried by a governmental agency; or a broker license held in another jurisdiction. An out-of-state broker therefore qualifies without ever having held a Florida sales associate license. Applicants must also complete the 72-hour FREC-prescribed broker course (Course II).
How is the Florida broker exam structured?
Florida gives one integrated 100-question multiple-choice examination — there is no separate national portion and no state portion. Candidates get 3.5 hours (210 minutes), and the exam is graded on 100 points with 75 points or higher required to pass. The DBPR booklet publishes twelve content areas whose percentages sum to 100, led by Real Estate Brokerage Business at 43% and Closing Transactions at 12%. Pearson VUE schedules, administers, scores, and reports the exam for DBPR.
Sources: https://www2.myfloridalicense.com/servop/testing/documents/RE_broker_cib.pdf, https://www.flsenate.gov/Laws/Statutes/2025/Chapter475/PART_I, https://www.flrules.org/gateway/Division.asp?DivID=241, https://www.pearsonvue.com/us/en/fl/dbpr.html
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