100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Florida Real Estate License Exam Prep 2024 questions and verified correct answers $15.49   Add to cart

Exam (elaborations)

Florida Real Estate License Exam Prep 2024 questions and verified correct answers

 8 views  0 purchase
  • Course
  • Florida Real Estate License
  • Institution
  • Florida Real Estate License

Chapter 20 - correct answer Establishes the structure of the executive branch of Florida government Chapter 475, Part 1 - correct answer Real Estate Brokerage (FREC) Chapter 475, Part II - correct answer Real Estate Appraisal (FREAB) Chapter 475, Part III - correct answer Commercial Real E...

[Show more]

Preview 3 out of 18  pages

  • September 19, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Florida Real Estate License
  • Florida Real Estate License
avatar-seller
brittton
Florida Real Estate License Exam Prep
2024

Chapter 20 - correct answer Establishes the structure of the executive branch of Florida government



Chapter 475, Part 1 - correct answer Real Estate Brokerage (FREC)



Chapter 475, Part II - correct answer Real Estate Appraisal (FREAB)



Chapter 475, Part III - correct answer Commercial Real Estate Sales Commission Lien Act



Chapter 475, Part IV - correct answer Commercial Real Estate Leasing Commission Lien Act



Chapter 455 - correct answer Defines practices and procedures of the Department of Business and
Professional Regulation (DBPR) and all licensees



Chapter 120 - correct answer Administrative Procedures Act defines the process by which regulatory
agencies decide and implement agency action



Chapter 61J2, Florida Administrative Code - correct answer Rules of the Florida Real Estate Commission



What are the two applicant agendas? Which is a nonappearance agenda and which is an appearance
agenda? - correct answer Consent agenda (nonappearance) and Summary of Applicant (SOA, applicant
appearance agenda)



What is the time period allowed for the DBPR to check an application for errors and omissions? - correct
answer 30 days

,Theft of a license exam or unauthorized copying of an exam is what type of crime? - correct answer Third
degree felony



What is a Mutual Recognition Agreement? - correct answer A written agreement between the FREC and
another state or jurisdiction with mutual education and experience



Who do Mutual Recognition Agreements apply to? - correct answer Nonresidents licensed in other
jurisdictions that have a written agreement with the FREC



What education and exam requirements must be completed for applicants under a mutual recognition
agreement? - correct answer Applicants must pass a 40 question, Florida specific real estate law exam
with a grade of 75% or higher and complete the post-licensing requirement



What are the sales associate qualifications for license? - correct answer Must be 18 years of age or older;

Earned a high school diploma or equivalent;

Possess and U.S. social security number;

Be honest, truthful, trustworthy of good character, reputation for fair dealing;

Be competent and qualified to make real estate transactions



Who is exempt from the pre-license course requirement? - correct answer Individuals with a four year
degree or higher in real estate from an accredited institution of higher education (but they must pass the
license exam) and attorneys who are active members of The Florida Bar (but they must pass the license
exam)



What is a passing score on the license exam? - correct answer A grade of 75 or higher



What is the post-license education requirement for sales associates? - correct answer Completion of the
45 hour post-license course before the expiration of the initial license



What happens if the licensee fails to complete the post-license requirement prior to the expiration date?
- correct answer The license becomes null and void

, What must sales associates who do not complete the post-licensing requirement do? - correct answer
Requalify for licensure by completing Course I again and passing the state license exam



Do Florida-licensed attorneys who are also licensed real estate sales associate need to complete the
post-licensing education requirement? - correct answer Yes



Who is exempt from the post-license education requirement? - correct answer Individuals with a four-
year degree or higher in real estate from an accredited institution of higher education



Hardship cases approved by the FREC allow licensees an additional ________ month period following the
initial license expiration to complete the post-license education - correct answer Six



What continuing education courses are required as part of the 14 hour continuing education
requirement? - correct answer Business Ethics (3 hours) and Core Law (3 hours)



Attorneys who are active members of the Florida Bar are exempt from... - correct answer Course 1 (sales
associate) and Continuing Education



What are the Broker candiate requirements? - correct answer Complete Course II with a passing score of
70 on the end of course exam, active real estate license for at least 24 months during the five year period
preceding broker application



What broker applicants are exempt from Course II? - correct answer Broker applicants with a four year
degree or higher in real estate from an accredited institution of higher education



What are the broker experience requirements? - correct answer Active sales associate for a broker at
least 24 months of the preceding five years, active sales associate in the employ of a government agency
for at least 24 months of the preceding fived years who is paid a salary and performs duties that require
a real estate license, active broker in another state or nation for 24 months of the preceding five years



What are the post-license education requirements for Brokers? - correct answer Completion of 60 hour
post licensing course before first license renewal

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 brittton. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80796 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.49
  • (0)
  Add to cart