Florida Real Estate Exam Law Updates

This page documents recent changes to Florida real estate law that are reflected in our question bank. Every detail below is drawn directly from the question bank and its answer explanations — the same source used to build the practice exam. If you are sitting for the Sales Associate exam in 2025 or 2026, these are the two changes most likely to appear as deliberate traps on the real exam.

HB 913 — Condominium Resale Rescission Period

›What changed:HB 913 amended F.S. 718.503 to extend the condominium resale buyer's right of cancellation from 3 business days to 7 business days after receipt of all required disclosure documents. Business days exclude Saturdays, Sundays, and legal holidays.

›Effective date: July 1, 2025. Contracts executed on or after that date are subject to the 7-business-day window.

›What did not change: HB 913 only affects the resale window under F.S. 718.503. The two other cancellation periods that share the same statute remain as they were:

Transaction type	Period	Day counting	Authority
Condo resale (on or after July 1, 2025)	7 days (changed)	Business days — weekends and holidays excluded	F.S. 718.503 (HB 913)
HOA resale	3 days	Calendar days — weekends and holidays count	F.S. 720.401
Condo new construction / developer sale	15 days	Calendar days — weekends and holidays count	F.S. 718.503

Exam trap: The pre-2025 answer — 3 business days — will appear as a distractor on post-July 2025 exams. The 3-calendar-day figure belongs to HOA resale (F.S. 720.401), not condo resale. The 15-calendar-day figure belongs to new developer sales, not resales. Memorize which period applies to which transaction type before test day.

Amendment 5 — Homestead Exemption CPI Adjustment

›What changed: Amendment 5 (2023, effective beginning with the 2025 tax year) provides for annual CPI-indexing of the second $25,000 tranche of the Florida homestead exemption, so its value does not erode with inflation over time.

›Which tranche is affected: Only the second $25,000 of the exemption — the tranche that applies to non-school taxing authorities (county, city, special districts) for assessed values between $50,000 and $75,000. The first $25,000, which applies to all taxing authorities including school boards, is not indexed.

›What did not change: The fundamental two-tier structure of the homestead exemption is unchanged. The baseline exemption tested on the exam remains $50,000 total ($25,000 to all taxing authorities + $25,000 to non-school authorities only). Amendment 5 adjusts the dollar value of the second tranche over time — it does not change which authorities the tranche applies to or alter the two-tier structure.

Exam note: For purposes of calculation questions, treat the homestead exemption as the standard $50,000 unless the question explicitly states a different CPI-adjusted amount. The two-tier structure — first $25,000 to all taxing authorities, second $25,000 to non-school taxing authorities only — remains the core tested concept.

Other Recent Law Changes

The question bank currently covers HB 913 and Amendment 5 as the two recent law changes reflected in exam questions. No other 2024–2025 legislative changes have been incorporated into the question bank at this time. If additional updates are added to the question bank in the future, they will be documented here.

All legal details on this page are sourced directly from the Florida RE Prep question bank and answer explanations. Question bank verified against current Florida law as of June 17, 2026. Always verify current statutes before your exam date.

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