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Florida Contracts
Practice Questions & Answers (2026)

Contract law questions on the Florida real estate exam test both general contract principles and Florida-specific transaction requirements. The Florida Department of Business & Professional Regulation (DBPR) tests how Florida contract law applies to purchase agreements, counteroffers, contingencies, and earnest money disputes. Pay close attention to offer and acceptance mechanics, how counteroffers extinguish prior offers, and the specific timelines under Florida law for earnest money handling and contingency resolution. These are areas where candidates who studied nationally often apply the right concept but the wrong FL-specific timeframe or rule.

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Florida Contracts — Practice Questions & Answers

138 questions on Contracts from the Florida real estate question bank. First 10 are free — sign up to unlock all 138.

Q1. The Florida Realtors/Florida Bar (FR/Bar) As Is Residential Contract for Sale and Purchase is commonly used when:

A.The seller agrees to make all repairs identified in the inspection
B.The buyer agrees to purchase the property in its current condition without seller repair obligations
C.The property is a new construction home
D.The transaction involves a commercial property

Explanation

The FR/Bar As Is contract is used when the buyer agrees to purchase the property in its present condition, accepting the property 'as is.' The seller is not obligated to make repairs, though the buyer retains inspection rights.

Q2. Under a Florida purchase contract, if a buyer exercises their inspection right and requests repairs, the seller can:

A.Only agree to make all repairs requested
B.Agree, decline, or negotiate the repairs; if no agreement is reached, either party may cancel
C.Force the buyer to proceed regardless of the inspection results
D.Only decline repairs if the property is sold as is

Explanation

In a standard Florida contract, if the buyer requests repairs and the seller declines, the parties may negotiate. If they cannot reach agreement, either party may terminate the contract (depending on contract terms) and the buyer's deposit is typically returned.

Q3. Under Florida contract law, an addendum is used to:

A.Replace the original purchase contract
B.Add additional terms or modify the existing contract
C.Cancel the contract without penalty
D.Extend the broker's listing period

Explanation

An addendum adds to or modifies the terms of an existing contract. The addendum must be signed by all parties to be binding and becomes part of the overall purchase agreement.

Q4. A Florida seller accepts an offer on their home. The buyer's loan is denied, and the contract contained a valid mortgage contingency. In this situation:

A.The seller may keep the earnest money deposit
B.The buyer is entitled to cancel the contract and receive a refund of their deposit
C.The buyer must proceed to closing regardless
D.The seller may sue the buyer for specific performance

Explanation

If a valid mortgage contingency is included in the contract and the buyer's loan is denied through no fault of the buyer, the buyer has the right to cancel the contract and receive a full refund of their earnest money deposit.

Q5. Under Florida's Residential Landlord and Tenant Act, a residential lease agreement that is for 1 year or longer must be:

A.Verbal and witnessed
B.In writing to be enforceable
C.Recorded in the county public records
D.Approved by the local housing authority

Explanation

Florida law requires lease agreements for periods longer than 1 year to be in writing to be enforceable under the Statute of Frauds. Month-to-month leases may be oral.

Q6. An assignment of contract in Florida means that:

A.One party substitutes a new party for themselves in the contract
B.The original parties remain and the contract's performance obligations are transferred to a third party
C.The contract is cancelled and both parties are released
D.The title is transferred before closing

Explanation

An assignment transfers the rights and obligations of a contract to a third party. The original assignor may still have secondary liability unless the other party releases them through novation.

Q7. Under Florida law, for a real estate contract to be enforceable, it must contain which essential elements?

A.Offer, acceptance, consideration, and signatures of both parties
B.Offer, acceptance, competent parties, legal purpose, and consideration
C.A written agreement, notarized signatures, and earnest money deposit
D.A closing date, purchase price, and property legal description only

Explanation

A valid and enforceable real estate contract in Florida requires: offer and acceptance (mutual assent), competent parties, legal purpose (legal object), and consideration. While written contracts are required for enforceability under the Statute of Frauds, these are the classic elements of contract formation.

Q8. The FAR/BAR 'AS IS' Residential Contract for Sale and Purchase allows the buyer to:

A.Request repairs up to 1.5% of the purchase price
B.Terminate the contract during the inspection period for any reason
C.Negotiate seller credits after the inspection period closes
D.Extend the closing date without seller consent

Explanation

The FAR/BAR AS IS contract includes an inspection period during which the buyer may conduct inspections and terminate the contract for any reason, receiving a full refund of their deposit. This is a key feature distinguishing it from the standard FAR/BAR contract.

Q9. In a Florida real estate contract, 'time is of the essence' means:

A.The parties should try to meet deadlines when convenient
B.All contractual deadlines are strict and must be met or the contract may be voided
C.The closing must occur within 30 days
D.Only the closing date is strictly enforced

Explanation

When a Florida real estate contract states that 'time is of the essence,' all contractual deadlines are strict and material. Failure to meet any deadline may give the non-defaulting party the right to terminate the contract and pursue remedies.

Q10. Under the Florida Statute of Frauds, a real estate contract must be in writing to be enforceable if it involves:

A.Any lease regardless of duration
B.A lease of more than 1 year or any sale of real property
C.Only the sale of property valued over $500
D.Any commercial property transaction

Explanation

Florida's Statute of Frauds (Section 725.01 F.S.) requires that contracts for the sale of real property and leases of more than one year be in writing to be enforceable. Oral agreements for these transactions are generally unenforceable.

Q11. A buyer makes an offer on a Florida property. Before the seller signs, the buyer withdraws the offer. What is the legal status of the contract?

A.The seller can force the buyer to proceed
B.No contract exists; the offer was validly revoked before acceptance
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