Florida Real estate exam chapter 2.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Real%20estate%20exa
FLORIDA REAL ESTATE EXAM CHAPTER 2
1. Caveat emptor: Let the buyer beware
2. RE license law: 1923. Chapter 475 of the Florida statutes. Passed by the Floridalegislature.
3. 3 regulatory bodies: DBPR (over many industries)DRE
(Real estate)
FREC
4. DRE: Division of RE provides support services to the commission. It's under theDepartment
of Business and Regulation.
5. Sales associate: Beginning of RE career. Performs RE services for compensa-tion, but who
does so under the direction, control, or management of a broker or owner developer.
6. Application requirements: Must be completed carefully to disclose anythingrelaed to
moral turpitude or fraud. Felonies, misdemeanors and traffic offenses (except parking,
speeding, inspection or traffic signal violations).
Finger prints must be submitted to the FDLE and the FBI.
7. Non-resident applicant requirements: US citizenship not required.Must have
SS #.
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