Here is my attempted proof of the question in title:
It is given that $R$ is a commutative, unital ring. Assume that $F$ is faithful and $FM = 0$, for some $R$-module $M$ and $\alpha:M\to N$. We have an obvious exact sequence: $$0\to\ker\alpha\to M\to \Im\alpha\to 0.$$ Since $F$ is exact, it preserves images and kernels. That is, $F(\ker\alpha) = \ker(F\alpha)$ and $F(\Im\alpha) = \Im(F\alpha).$ Hence, applying $F$ to the given exact sequence above yields: $$0\to\ker(F\alpha)\to 0=FM\to\Im(F\alpha)\to 0 .$$ This means that $\ker(F\alpha) = \Im(F\alpha) =0$, because the corresponding homomorphisms must be injective. Hence, $F\alpha = 0\Rightarrow \alpha = 0$. But this gives an exact sequence $\ker\alpha = 0\to M\to 0 =\Im\alpha$, which then forces $M$ to be zero.
Is there a problem in my proof? If there isn't, is it unnecessarily long?
Thanks in advance.