Florida Real Estate State Exam Prep Questions with Complete Solutions (Latest 2025) Joint Ventures - Correct Answers ✅is a temporary form of business arrangement often encountered in real estate business.Trade Names - Correct Answers ✅is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - Correct Answers ✅Administrative Procedures Act Chapter 455, F.S. - Correct Answers ✅Regulation of Professional and Occupations Chapter 28, Sections 101-110 - Correct Answers ✅Division of Administrative Hearings (DOAH Rules), Florida Administrative Code (F.A.C.) Chapter 61J2 - Correct Answers ✅Florida Real Estate Commission, Fl Administrative Code (F.A.C.) Recovery Fund - Correct Answers ✅Claim must be paid with in 2 yrs.Max payment $50,000 (single transaction) Max payment on multiple $150,000 1 / 3
Florida Real Estate State Exam Prep Questions with Complete Solutions (Latest 2025) Punitive Damages and Interest CANNOT be reimbursed from fund Accumulation of the Recovery Fund - Correct Answers ✅total of $1 million is the limit for fund at any one time.Accumulated by charging Licensees a Recovery Fund Fee when a new lic is issued or renewed. Fines imposed by FREC and collected by DBPR. Collection stops when limit is reached and restarts when amount drops below $500k. At that time, a fee of $3.50 per yr. for brokers and $1.50 per year for sales Assoc. is added to Lic fee.Civil Rights Act of 1964 (Titles II and III) - Correct Answers ✅ended racial segregation in schools, the work place, and public accommodations.
Civil Rights Act of 1968: The Fair Housing Act - Correct
Answers ✅Prohibits discrimination on the basis of Race, Color, Religion, Sex and National Origin when selling or renting residential property.
- Protected Classes (FRSH CRN aka Fresh Corn) - Correct
Answers ✅Race Color Religion 2 / 3
Florida Real Estate State Exam Prep Questions with Complete Solutions (Latest 2025) Sex Handicap Status (mental or physical) Familial Status (18 or younger or Pregnant Women) National Origin Blockbusting - Correct Answers ✅Use the entry, or rumor of the entry, of a protected class into the neighborhood to persuade owners to sell Steering - Correct Answers ✅Channel Home seekers to or away from a particular neighborhood because they are members of a protected class Redlining - Correct Answers ✅Deny loans or insurance coverage by a lender or insurer that presents different terms or conditions for homes in certain neighborhoods Americans with Disabilities Act of 1990 - Correct Answers ✅removes barriers that prevent qualified individuals with disabilities from enjoying the same opportunities that are available to persons without disabilities. The Act prohibits discrimination in places of PUBLIC ACCOMIDATIONS and in commercial facilities.
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