Frec exam 2024 Study guides, Class notes & Summaries

FL REAL ESTATE CHAPTER 2 Exam 2024. 1. The Florida Real Estate Commission was first created in what year? (a) 1932 (b) 1925 (c) 1923 (d) 1919 - ANSWER Your answer: B The first Florida Real Estate Commission was created in 1925 to administer and enforce the law, streamlining the process by removing the necessity for court enforcement. Reference: Chapter 2, Real Estate License Law, History of the Law 2. What is the purpose of the real estate license law? (a) To protect the public (b)...

Florida Real Estate Class Final Exam 2023-2024 with Complete Questions and Answers (Graded A)Florida Real Estate Class Final Exam 2023-2024 with Complete Questions and Answers (Graded A)Florida Real Estate Class Final Exam 2023-2024 with Complete Questions and Answers (Graded A)Florida Real Estate Class Final Exam 2023-2024 with Complete Questions and Answers (Graded A) A Business Broker - ANSWER-Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license...

FL Pre-License Sales Cours (FREC Course 1) Exam Study 2023/2024 title - ANSWER-collection of rights person has in ownership of real property alienation - ANSWER-transfer By Operation of Law - ANSWER-the courts have intervened Condemnation - ANSWER-court action used when right of eminent domain is exercised Lis Pendens - ANSWER-pending litigation Opinion of Title - ANSWER-title meets all ownership needs and has no questions in its history Abstract - ANSWER-history Cloud - ...

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...

Florida Real Estate State Exam: Gold Coast Q&A CRAM EXAM 1&2 100% SOLUTION 2023//2024 Property management - ANSWER Abesntee ownership has increased the demand for which area of brokerage A fee based upon time and difficulty of appraisal - ANSWER What is a real estate appraiser is paid A subdivision plat map - ANSWER What does the local planning agency have the authority to approve Dedication - ANSWER What is it called when a developer gives land to a governmental body? Prope...

Gold Coast Final Exam Study Guide 2024 Questions with Verified Answers What is the form you sign that says you will pay the loan back ? - CORRECT ANSWERpromissory note What is the post licensing grace period after first expiration ? - CORRECT ANSWERnone Deposits is a form of... - CORRECT ANSWER-valuable consideration Physical land and improvements - CORRECT ANSWER-real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getti...

REPL EXAM QUESTIONS WITH COMPLETE SOLUTION GRADED A+ 2023/2024 (100% Verified). A $1.5 billion agency regulating one million professionals and businesses across some 200 licensee categories in Florida is: - Answer The Florida Department of Business and Professional Regulation. Who elects the Chairperson of the FREC? - Answer The FREC Members What is the primary mission of FREC? - Answer To protect the public Nelson just received his Florida license. Which of the following will NOT be on the...

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 RE 1001 Cram, Practice Math and Final Exam Q&A 2024 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 - CORRECT 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....

FREC 1 Exam Questions & Answers 2023/2024 What does RESPA stand for? What does it mean? - ANSWER-Real Estate Settlement Procedures Act. Getting someone qualified Wha is real estate brokerage? - ANSWER-Real estate brokerage is the business of bringing together buyers and sellers and owners and renters and completing real estate transactions (paid a fee or a commission for services) 5 major sales specialties - ANSWER-"Residential"- 4 or fewer residential units OR agricultural property o...