The Real Estate Market
Three of the 100 items cover the characteristics of the real estate market and basic math.
Market characteristics and basic math
Immobility is the physical characteristic of land that forces real estate markets to clear locally, since supply in one market can never be shifted to meet demand in another; that is why value responds to neighborhood conditions, local employment, and local zoning decisions. Long development lead times explain why supply responds slowly to price, and high transaction costs explain why real estate is relatively illiquid, but neither confines a market geographically. On the math side, commission problems are worked total-first: 6 percent of a $300,000 sale is $18,000, and an equal split with the cooperating brokerage leaves the listing brokerage $9,000, from which any associate's split is still paid. Area problems turn on one constant: an acre is 43,560 square feet, so a lot measuring 150 feet by 290.4 feet is almost exactly one acre.
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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
In the Florida Real Estate Broker guide: A 60-question practice exam on the national principles, with a key that explains all four options and not just the right one. Practice here stays free.