Florida Real Estate (Real Estate License Law) Questions and Answers Latest Update 100% Correct.
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Course
Florida Real Estate
Institution
Florida Real Estate
What is the Mission of the Department? - ️️to ensure that professions and
businesses provide quality services for the health, safety and welfare of citizens and
visitors in the great state of Florida
What is the Division Responsible for? - ️️Protects the public by regulating real
estate...
Florida Real Estate (Real Estate License
Law)
What is the Mission of the Department? - ✔️✔️to ensure that professions and
businesses provide quality services for the health, safety and welfare of citizens and
visitors in the great state of Florida
What is the Division Responsible for? - ✔️✔️Protects the public by regulating real
estate and appraisal licensees
examination, licensing and regulation
verify the integrity of real estate salespersons and brokers by providing investigation
and support to areas of complaints by consumers and other professionals as needed
When did Florida pass its first Real Estate Law? - ✔️✔️1923
When was the FREC created? - ✔️✔️1926
What is the purpose of the FREC? - ✔️✔️protect the public
What is the DBPR? - ✔️✔️Department of Business and Professional Regulation
What is the DRE? - ✔️✔️Division of Real Estate
What is the FREC? - ✔️✔️Florida Real Estate Commission
What does the FREC do? - ✔️✔️the enforcer of real estate rules and discipline
Who appoints the members of the FREC? - ✔️✔️appointed by the Governor
How was real estate conducted in the past? - ✔️✔️By Caveat emptor: "Let the buyer
beware.
Who does Caveat Emptor still apply to? - ✔️✔️still applies to buyers and sellers who
conduct their own real estate business without the aid of a professional
What are the 3 categories of real estate licenses? - ✔️✔️Sales associate
Broker
Broker Associate
, What is a sales associate? - ✔️✔️A person who provides real estate services for
another, for compensation under the direction, control and management of a broker
What is a broker? - ✔️✔️A person who provides real estate services for another, for
compensation
What is a broker associate? - ✔️✔️Is a licensed broker who chooses to work as a
sales associate under the direction of another broker
How does an associate become active? - ✔️✔️The associate becomes active by
finding a broker-employer or an owner-developer
Is an applicant considered active or inactive when licensing requirements are met? -
✔️✔️applicant is licensed as an inactive sales associate
In order to apply for a real estate license what must a person have before applying? -
✔️✔️Must be 18 years or older
Have a high school diploma, or its equivalency
Must be honest, truthful, trustworthy, of good character, and have a good reputation for
fair dealings
What is Nolo Contendre? - ✔️✔️means "I will not contest," a plea in a criminal case in
which the defendant does not admit or deny charges.
What disclosures must be made by an applicant? - ✔️✔️is under investigation, has
ever been convicted of a crime or if any judgment or decree has ever been rendered
against the applicant for fraud or dishonest dealing
has ever entered a plea of Nolo contendere* or if adjudication has been withheld.
is currently a patient of mental health facility
has ever been called by or done business under any other name (A/K/A)
has ever had a license revoked, suspended, surrendered, or otherwise acted against or
had an application for licensure denied by any licensing agency of another state,
territory or country
has ever been denied license or registration to practice a regulated profession
has been found guilty of any conduct or practice that would have been grounds for
suspension or revocation under Florida real estate laws
Have a social security number**
What is the purpose for having to disclose of a social security number by an applicant? -
✔️✔️The purpose of the social security number is to comply with child support
payment laws
Can a non citizen become licensed? - ✔️✔️Yes
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