Level 2: Real Estate License Law and Qualifications for Licensure Exam Practice Questions and Answers
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Course
2024 Tests
Institution
2024 Tests
Level 2: Real Estate License Law and
Qualifications for Licensure Exam
Practice Questions and Answers
Why do real estate laws exist? - ANSWER-To protect the real estate customer
What did the world of real estate operate on? Latin for let the buyer beware. - ANSWER-Caveat
emptor
Which law deal...
What does the real estate brokers, sales associates, and school section in Chapter 475 regulate? -
ANSWER✔✔-Brokers, sales associates, and schools
What does the appraisers section in Chapter 475 regulate? - ANSWER✔✔-Appraisers for licensing
requirements and overseen by the Florida Real Estate Appraisal Board (FREAB)
What does the Commercial Real Estate Sales Commission Lien Act section in Chapter 475 regulate? -
ANSWER✔✔-This gives commercial brokers the right to put a lien on a property they've sold to collect
their commission
What does the Commercial Real Estate Leasing Commission Lien Act section in Chapter 475 regulate? -
ANSWER✔✔-This gives commercial brokers the right to put a lien on a commercial property they've
leased to collect their commission*********
What are the set of rules FREC created to administer and enforce Chapter 475? - ANSWER✔✔-61J2 of
the Florida Administrative Code
You are reading your Aceable pre-licensing course and come across this: 475.021, F.S.. What is this
mysterious glyph trying to tell you? - ANSWER✔✔-that the law being referenced can be found in Chapter
475, subchapter 021 of the Florida statutes
What's the difference between 61J2 and Chapter 475? - ANSWER✔✔-61J2: directions to follow the rules
Chapter 475: determines what is legal/illegal
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