Florida Real Estate (Real Estate License Law) Questions and Answers 2024/2025
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Course
Real estate
Institution
Real Estate
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 Mission of the Department?
→ to ensure that professio...
Florida Real Estate (Real Estate License
Law) Questions and Answers 2024/2025
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 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 DRE?
→ Division of Real Estate
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
→ 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?
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