Exam (elaborations)
Florida Broker Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass
- Course
- Institution
Florida Broker Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass
[Show more]
Content preview
Florida Broker Exam.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Broker%20ExamFlorida Broker Exam Questions and answers
1. Executive Branch of Florida Government (including the DBPR)
Ans Florida Stat-ue Chapter 20
2. The law is often referred to as the Real Estate Practice Act
Ans Florida StatuteChapter 475
3. The law that was established for Real Estate Brokers, sales associates, andappraisers
Ans Florida Statue Chapter 475
4. Part I of the Florida statue 475 pertains to
Ans Real estate brokerages
5. Part II of the Florida Statue 475 pertains to
Ans Real estate appraisers and setsfor the requirements for FL licensed and certified appraisers
6. Part III of Chapter 475 pertains to
Ans The Commercial Real Estate Lien Act, Givesbroker lien rights for earned commission. This
act applies only to the commercial property (not residential property)
7. The Commercial Real Estate Sales Commission Lien Act
Ans The right to placeagainst owner's net proceeds(personal property) from the sale and does
1 of 104 8/20/2024, 12:47
,Florida Broker Exam.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Broker%20Exam
not attachto the commercial real property.
8. Part IV, of Chapter 475, Commercial Real Estate Leasing Commission LienAct
Ans Give a broker lien rights for earned commission associated with a brokerageagreement to
lease commercial real estate
9. Florida State 455 Regulation of Professions and Occupations
Ans Department of Business and Professional Regulation and the professions under the
department
10. Florida Statue Chapter 120
Ans Procedural process for all governmental entities authorized under the Florida constitution.
The licensing and disciplinary process forreal estate licensees is outlined in this chapter.
11. Florida Administrative Code Chapter 61J2
Ans Florida Real Estate CommissionRules
12. A person who performs real estate services for compensation but who does so under
the direction, control, or management of a broker or an ownerdeveloper.
Ans Sales Associate
13. An individual who is qualified to be issued a broker's license but whooperates as
a sales associate in the employ of another
Ans Broker Associate
2 of 104 8/20/2024, 12:47
,Florida Broker Exam.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Broker%20Exam
14. An unlicensed entity that sells, exchanges, or leases it own property
Ans Own-er Developer
15. What are some rules of staff of owner developer?
Ans Sales associates must have an active real estate license in order to receive a commission.
Sales staffed isexempted from licensure if paid strictly a salary.
16. "Let the Buyer Beware"
Ans Caveat emptor
17. Licensees applicants Requirements
Ans Background check of any crimes
Must disclose prior convictions including if a court action was (adjudicated) withhelddisclose on
the application any other name or alias, including maiden name
3 of 104 8/20/2024, 12:47
,Florida Broker Exam.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Broker%20Exam
18 years old
high school diploma or equivalent
possess a Social Security NumberBe of
good character
Have not violated a Chapter 475 within 1 year prior to application.
18. How long is the license application good for?
Ans 2 years from the date of thecompleted application received by the DBPR
19. "no contest"
Ans Nolo contendere
20. a process by which the record of criminal conviction is destroyed or sealedafter
expiration of time
Ans Expungement
21. A 30 day period is allowed after receipt of the application to check for errors and
omissions and to send the applicant a concerning any
additional information required.
Ans Notice of insuffiency
22. Do you have to be a US citizen to apply for a FL real estate license?
4 of 104 8/20/2024, 12:47
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BESTGOODIES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
