Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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What are the three duties licensees owe to customers and clients according to the acronym 'DAD'?

  1. Diligence, Accuracy, Disclosure

  2. Dealing honestly and fairly, Accounting for all funds, Disclosing all known facts that materially affect property value

  3. Dedication, Acknowledgment, Duty

  4. Determination, Assurance, Dependability

The correct answer is: Dealing honestly and fairly, Accounting for all funds, Disclosing all known facts that materially affect property value

Real estate licensees have three main duties, commonly known as the 'DAD' duties to deal honestly and fairly, to account for all funds, and to disclose all known facts that materially affect property value. Some might think that option A could also be correct since it includes similar words as the correct answer. However, option A does not cover all of the three duties as accurately as option B does. Option C and D do not accurately describe the duties that licensees owe to customers and clients. Therefore, option B is the most accurate and complete answer.

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