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Florida Real Estate Exam Practice Questions: Contracts
5 practice questions on contracts for the Florida real estate sales associate exam. Each one has the correct answer, a full explanation of why the other options are wrong, and the statute it comes from.
What this topic covers
Formation, conveyance, and remedies. Questions here test how real estate contracts are formed, performed, and enforced, and what remedies exist when they are breached.
Sources these questions cite include: § 725.01, Fla. Stat.; § 475.25, Fla. Stat.; § 95.11, Fla. Stat.; § 668.50, Fla. Stat.; § 689.01, Fla. Stat.; § 695.26, Fla. Stat..
Question 1
A Florida buyer wants to sue a seller for breach of a written contract for the sale of land. Generally, within how many years must the action be brought?
- A. One year
- B. Two years
- C. Ten years
- D. Five years
Show the answer and explanation
Correct answer: D.
A legal or equitable action founded on a written contract must be brought within five years. An action on an oral contract has a shorter period of four years. A is wrong because the period for a written contract is five years. B is wrong because two years is not the period for a written contract. C is wrong because the period for a written contract is five years.
Source: § 95.11(2)(b), Fla. Stat.
Question 2
On Monday, Seller Price offers to sell a lot to Buyer Ames for $90,000 and says nothing about how long the offer is open. On Tuesday morning Price tells Ames that the offer is withdrawn. On Tuesday afternoon Ames signs an acceptance. What is the result?
- A. A contract is formed, because Ames signed after the offer was made.
- B. A contract is formed if Ames pays a deposit by Wednesday.
- C. No contract is formed, because the offer was revoked before it was accepted.
- D. A contract is formed, but only for half of the price.
Show the answer and explanation
Correct answer: C.
An offer may be revoked by the offeror at any time before acceptance, unless a separate option contract keeps it open. A revocation is effective once communicated to the offeree. A is wrong because the offer was revoked before Ames accepted it. B is wrong because an offer that has been revoked cannot be accepted. D is wrong because there is no such rule.
Source: Common law
Question 3
A buyer and seller sign a purchase contract using an electronic signature service. Is the contract valid in Florida?
- A. Yes, because electronic signatures and records have the same legal effect as written ones under the Florida Electronic Signature Act and federal E-SIGN
- B. No, because the Statute of Frauds requires the parties to sign in ink on paper before a contract for land is enforceable.
- C. Yes, but only if a notary stamps each electronic page of the contract, because an electronic signature needs a notary to be valid.
- D. No, because a contract for the sale of real estate must be recorded in the public records before it is valid and enforceable.
Show the answer and explanation
Correct answer: A.
Florida's Uniform Electronic Transaction Act and the federal E-SIGN Act provide that a signature or record cannot be denied effect solely because it is electronic. B is wrong because electronic signatures satisfy a signature requirement. C is wrong because notarization is not required for a sales contract. D is wrong because recording is not required for a valid contract.
Source: § 668.50, Fla. Stat.; 15 U.S.C. § 7001
Question 4
A purchase contract does not say whether it may be assigned. The buyer assigns the contract to a friend before closing. Unless the contract prohibits assignment, what is the buyer's position after the assignment?
- A. The assignment is void, because contracts for the sale of real estate can never be assigned to another person without a court order.
- B. The assignment is generally valid, and the original buyer remains liable to the seller unless the seller agrees to release the buyer.
- C. The original buyer is released immediately, because the friend now owns the contract and the seller must look only to the friend.
- D. The seller must pay the original buyer a fee for the assignment, because the seller gains a new buyer as a result of it.
Show the answer and explanation
Correct answer: B.
A contract right is generally assignable unless the contract prohibits it. The assignee steps into the buyer's shoes, but the assignor stays liable unless there is a novation or release. A is wrong because contracts are generally assignable unless the contract says otherwise. C is wrong because an assignment does not by itself release the assignor. D is wrong because there is no such fee.
Source: Common law
Question 5
Owner Tran signs an exclusive agency listing with Broker Silva. During the listing term, Tran sells the home to an old friend, with no broker involved and no advertising by Silva. Which statement is correct?
- A. Silva is owed the full commission, because every exclusive listing pays the broker on any sale during the term, including a sale by the owner.
- B. Silva is owed half the commission, because the owner reserved part of the right to sell and so shares the fee with the listing broker.
- C. Silva is owed the commission only if Silva showed the property at least once to someone, because showing earns the right to a fee.
- D. No commission is owed, because in an exclusive agency listing the owner keeps the right to sell without paying the listing broker; the commission is owed only if a broker (other than the owner) procures the buyer.
Show the answer and explanation
Correct answer: D.
In an exclusive agency listing, one broker is the only agent who may sell the property, but the owner retains the right to sell directly without paying a commission. Tran sold to a friend without any broker, so no commission is owed. If any broker had procured the buyer, the listing broker would be owed. A describes an exclusive right-to-sell listing. B invents a split. C adds a condition not found in either exclusive listing type. The listing agreement still must be in writing with a definite expiration date and be delivered to the principal within 24 hours (§ 475.25(1)(r)).
Source: Exclusive agency listing doctrine; § 475.25(1)(r), Fla. Stat.
Want more on this topic?
The full Prep475 kit has 30 questions on contracts, all with the same statute-cited explanations, plus a timed 100-question exam simulation.
Independent study aid, not legal advice. Not affiliated with or endorsed by the Florida Real Estate Commission, the DBPR, or Pearson VUE. Questions are original practice questions, not actual exam questions. Statutes, rules, and exam details change; always confirm against current Florida law and your pre-licensing course materials.
Last reviewed October 20, 2026.