Aceable Agent FL Section 2 Exam
Questions & Answers 2023/2024
Florida Real Estate Commission (FREC) - ANSWER-quasi-judicial body that administers and enforces
license law in FL (makes rules & hears disciplinary actions)
Rules: 61J2 of Fl Admin code
61J2 FL Admin code - ANSWER-FREC rules (technically not law) - directions based on Chapter 475
Florida Statute Chapter 475 - ANSWER-FL Real Estate statutes - 4 parts
1. Brokers, Sales associates & schools
2. Appraisers
3. The Commercial Real Estate Sales Commission Lien Act
4. The Commercial Real Estate Leasing Commission Lien Act
Department of Business and Professional Regulation (DBPR) - ANSWER-In charge of licenses, part of
executive branch; do admin tasks for FREC
Established in Chpt 20, FL statute
Florida Statutes Chapter 455 - ANSWER-Business & Professional Regulation: General provisions. rules
regulating multiple professions (rules for DBPR)
455.10, F.S.: citizenship not required
Chapter 120, Florida Statute - ANSWER-Administrative Procedure Act: licensing procedures & disciplinary
processes for all FL regulatory agencies
General Licensure Provisions - ANSWER-18 yo, HS diploma or equiv, honest/trustworthy/moral,
competent & qualified, SSN & legally be able to work in US (NOT required to be a citizen, 455.10, F.S.)
, Disclosure rules - ANSWER-Must disclose if: under investigation/convicted/plead guilty or nolo
contendere; uses aliases (maiden name), denied any professional license; suspended, revoked or
annulled professional license; under investigation license, guilty of conduct or practice that are grounds
for suspension or revocation under Chpt 475, F.S.
Disclosure of criminal history - ANSWER-*must disclose ANY criminal history - verify expungement
through FL Dept of Law Enforcement Hx report - small fee
Must attach arrest reports, disposition, documents that all sanctions served & satisfied
attach letter from probation letter
If Hx, send 3 letters of reference (only 1 fam member)
May need to go to FREC meeting
Broker - ANSWER-a person or business entity who is licensed to represent one of the parties in a real
estate transaction in exchange for a commission or other valuable consideration. A broker supervises
sales associates and broker associates.
Sales Associate (Real Estate Agent) - ANSWER-a person who performs any act specified in the definition
of "broker," but who performs such act under the direction, control, or management of another person.
Must be supervised by a broker or an owner-developer
A sales associate license is only necessary if the employee is paid commission.
Broker Associate - ANSWER-An individual who is qualified to be issued a broker's license but who
operates as a sales associate in the employ of another.
Real Estate Services needing a license - ANSWER-Negotiating, Advertising, Selling, Appraising, Leasing,
Buying, Renting, Auctioning, Closing, Exchanging
(NASAL BRACE)
License Exemptions (can do real-estate tasks w/o license) - ANSWER-Owner, court-appointed (receiver,
trustee, executor, etc.), CPA, Salaried property or leasing managers, Attorneys in Fact, employees of
public utilities, Attorneys (cannot be paid for it), College or Grad student studying appraisal (under
supervision of broker or licensed appraiser, Radio/TV/Cable enterprises under FCC, people registered
with SEC to sell businesses, tenant referral fees under $50, Hotel /Motel clerks, cemetery lots,
RV/manufacture home lot rentals, Time share exchange company employees
