Exam (elaborations)
FL REAL ESTATE SALES ASSOCIATE EXAM REVIEW
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FL REAL ESTATE SALES ASSOCIATE EXAM REVIEW
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FL REAL ESTATE SALES ASSOCIATE EXAM REVIEWComplaints against licensees are confidential until _____ days after probable cause is
found to exist. - Answers -10
Licensees involved in a first-time offense of a minor nature will receive a letter of
noncompliance. There after the licensee has ____ days to take corrective action. -
Answers -15
Summary Suspension- What is it and who issues it? - Answers -An emergency order
which immediately places a real estate license suspension when it is felt the licensee is
a danger to the public.
It is issued by the secretary of the DBPR
A recommended order is issued by the _________. - Answers -Administrative Law
Judge
The maximum term for a license suspension is _____ even if it is a first time offense. -
Answers -10 Years
A Licensee has ______ to pay a fine. - Answers -30 Days
A licensee must report a felony conviction to FREC within _____ following the
conviction. - Answers -30 Days
The maximum administrative fine FREC can impose on a single violation is ________. -
Answers -$5,000
Failing to provide an accurate rental list is a ______ degree misdemeanor punishable
by a fine of _________ and up to _____ in jail. - Answers -1st..... $1000, 1
It is a ____ degree felony when an unlicensed person receives commission of a referral
fee. - Answers -3rd
When the Florida Recovery Fund has to be replenished sales associated will be
charged _____ or _______. - Answers -$1.50 per year or $3 per renewal
A seller and a buyer are having a dispute. Both agree to settle this matter by a third
party that will make a binding decision. This type of settlement is referred to as
mediation. - Answers -FALSE- Mediation is not binding; Arbitration is
Failing to provide a rental list that is accurate or containing current information for a fee
is a 2nd degree misdemeanor punishable by $1,000 and up to 1 year in jail. - Answers -
FALSE- 1st degree misdemeanor
, A licensee that files a lien on the seller's home for a commission owing is in violation of
real estate law unless the seller has agreed to have the lien recorded. - Answers -TRUE
It is permissible to call a "for sale by owner" in the Do Not Call Registry to obtain a
listing provided the licensee identifies themselves as a real estate agent. - Answers -
FALSE (unless calling for themselves to buy, then they can mention it)
If the only active broker of a real estate firm quits, resigns or is removed from office the
firm has 10 calendar days to replace the opening with another broker. - Answers -
FALSE- 14 Calendar days to replace
A sales associate is permitted to be a Vice President of a real estate firm. - Answers -
FALSE
A sales associate is permitted to be a shareholder or stockholder in a brokerage firm. -
Answers -TRUE
A broker places a shelter at a construction site. The shelter must be registered as an
office. - Answers -FALSE
Without paying a fee a broker may reopen a branch office in the same location during
the same license period by requesting a reissue of the branch office license. - Answers -
TRUE
Jillion, a broker is permitted to share her commission and give gifts to an unlicensed
buyer who purchased a property from her brokerage firm. - Answers -TRUE- Must be
disclosed to all persons
A real estate licensee is required to disclose in a newspaper ad that they a real estate
licensed when advertising their own property as a "Sale by owner" - Answers -FALSE-
not required
When advertising on the internet site, the name of the brokerage firm must be placed
immediately above or below or adjacent to the point of contact. - Answers -TRUE
Licensees may use either the office phone number or their pwn personal telephone
number when advertising a listed property. - Answers -TRUE
Bob purchased a rental list for $100. He did not find a rental from the list. Bob is entitled
to a refund of ________ if requested within 30 days counting from the day the list was
purchased. - Answers -75% or $75
A sales associate may call a person in the Do Not Call Registry up to _______ months
following a real estate inquiry and up to _____ months following a real estate
transaction. - Answers -3 Months..... 18 Months
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