Frec exam - Study guides, Class notes & Summaries

How many members from the FREC make up the probable cause panel in a compliance process? - correct answer Two What is the maximum payout limit from the Recovery Fund if there are multiple judgements against a licensee? - correct answer $150,000 A landlord in Florida rented out his apartment to a tenant last year. A security deposit was paid to the landlord, which was kept by him in a security bond. how much interest does the landlord owe to the tenant this year? - correct answer 5% Whic...

Gold Coast Final Exam: Questions & Answers What is the form you sign that says you will pay the loan back ? Correct Ans - promissory note What is the post licensing grace period after first expiration ? Correct Ans - none Deposits is a form of... Correct Ans - valuable consideration Physical land and improvements Correct Ans - real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Satur...

Chapter 475 - correct answer Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights Chapter 455 - correct answer Regulation of Businesses and Professions. Defines general practices and procedures for DBPR , including the practice of Real Estate FS 120 - correct answer Licensing and disciplinary procedures for Real Estate Licensees 61J2 FAC - correct answer Rules of the FREC Department of Business and Professional Regulat...

GOLD COAST FINAL EXAM STUDY SET for 4/11 [100% Correct] 1 acre is how many square feet? *Ans* 43,560 A broker is entitled to compensation if they... *Ans* bring a buyer who brings an offer the seller was looking for A buyer drops off an escrow check on Monday. To avoid any trouble with FREC, the broker must deposit the check by close of business on which day? *Ans* Thursday A spouse who is left out of a will can claim? *Ans* Elective share 30% Abstract Continuation *Ans* history of ti...

Florida Real Estate FREC Exam Questions & Answers 2023/2024 One example of a Loan Originator would be a(n) A. family member. B. a real estate agent. C. associate lender. D. seller who finances more than two homes in a two year period. - ANSWER-D Why does a real estate professional need a license? A. He has specific information to be able to show a house. B. He has specific information to lease a house. C. He has expert information on real estate that an average laypers...

FREC Exam Questions & Answers 2023/2024 Chapter 475 - ANSWER-Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights Chapter 455 - ANSWER-Regulation of Businesses and Professions. Defines general practices and procedures for DBPR , including the practice of Real Estate FS 120 - ANSWER-Licensing and disciplinary procedures for Real Estate Licensees 61J2 FAC - ANSWER-Rules of the FREC Department of Business and Professio...

FREC Exam review questions and answers

FREC Course I Practice Exam | 100% Correct Answers | Verified | Latest 2024 Version

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...

FREC Exam Questions & Answers 2023/2024 FREC - ANSWER-in charge of establishing and enforcing real estate rules and regulations for licensees 7 - ANSWER-How many commissioners are there? govener - ANSWER-who are the appointed by? 4 years - ANSWER-how many terms Four members must be active brokers, licensed for at least five years One member is an active sales associate or broker, licensed for at least two years Two members are consumers, who have never been licensed At least on...