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Florida Real Estate (Real Estate License Law) Correct and Verified Answers Graded A
1. Question: Who appoints the members of the FREC?
Correct Answer: Appointed by the Governor.
2. Question: What does the FREC do?
Correct Answer: It is the enforcer of real estate rules and discipline.
3. Question: What is the FREC?
Correct Answer: Florida Real Estate Commission.
4. Question: What is the Division Responsible for?
Correct Answer: Protects the public by regulating real estate and appraisal licensees through examination, licensing, and regulation. It also verifies the integrity of real estate salespersons and brokers by providing investigation and support to areas of complaints by consumers and other professionals as needed.
5. Question: What is the DRE?
Correct Answer: Division of Real Estate.
6. Question: What is the Mission of the Department?
Correct Answer: To ensure that professions and businesses provide quality services for the health, safety, and welfare of citizens and visitors in the great state of Florida.
7. Question: What is the DBPR?
Correct Answer: Department of Business and Professional Regulation.
8. Question: What is the purpose of the FREC?
Correct Answer: Protect the public.
9. Question: When was the FREC created?
Correct Answer: 1926.
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10. Question: When did Florida pass its first Real Estate Law?
Correct Answer: 1923.
11. Question: How was real estate conducted in the past?
Correct Answer: By Caveat emptor: "Let the buyer beware."
12. Question: Who does Caveat Emptor still apply to?
Correct Answer: It still applies to buyers and sellers who conduct their own real estate business without the aid of a professional.
13. Question: What are the 3 categories of real estate licenses?
Correct Answer: Sales associate, Broker, and Broker Associate.
14. Question: What is a sales associate?
Correct Answer: A person who provides real estate services for another, for compensation under the direction, control and management of a broker.
15. Question: What is a broker?
Correct Answer: A person who provides real estate services for another, for
compensation.
16. Question: What is a broker associate?
Correct Answer: Is a licensed broker who chooses to work as a sales associate under the direction of another broker.
17. Question: How does an associate become active?
Correct Answer: The associate becomes active by finding a broker-employer or an owner- developer.
- Question: Is an applicant considered active or inactive when licensing requirements
are met?
Correct Answer: The applicant is licensed as an inactive sales associate.
- Question: In order to apply for a real estate license what must a person have before
applying?Correct Answer: Must be 18 years or older; have a high school diploma, or its equivalency; must be honest, truthful, trustworthy, of good character, and have a good reputation for fair dealings.
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20. Question: What is Nolo Contendere?
Correct Answer: Means "I will not contest," a plea in a criminal case in which the defendant does not admit or deny charges.
21. Question: What disclosures must be made by an applicant?
Correct Answer: If they are under investigation, have ever been convicted of a crime, or if any judgment or decree has ever been rendered against the applicant for fraud or dishonest dealing; has ever entered a plea of Nolo contendere or if adjudication has been withheld; is currently a patient of a mental health facility; has ever been called by or done business under any other name (A/K/A); has ever had a license revoked, suspended, surrendered, or otherwise acted against or had an application for licensure denied by any licensing agency of another state, territory or country; has ever been denied license or registration to practice a regulated profession; has been found guilty of any conduct or practice that would have been grounds for suspension or revocation under Florida real estate laws; and must provide a social security number.
- Question: What is the purpose for having to disclose a social security number by an
applicant?
Correct Answer: To comply with child support payment laws.
23. Question: Can a non-citizen become licensed?
Correct Answer: Yes.
24. Question: What is Moral Turpitude?
Correct Answer: Acts or behaviors that gravely violate moral sentiment or accepted moral standards of society and are present in some criminal offenses and not in others.Individuals who have committed acts of moral turpitude will not be granted a license.
- Question: How many days does the DBPR have to notify an applicant if the application
contains errors or omissions?
Correct Answer: 30 days.
26. Question: How many days does the DBPR have to approve or deny a properly
completed application?
Correct Answer: 90 days.
27. Question: How many days does an applicant have to request a hearing with an
Administrative Hearing Judge?
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Correct Answer: 21 days.
28. Question: How long do you have to take your examination?
Correct Answer: Two years of the completion of the pre-license course. The application expires two years from the date received by the DRE.
- Question: How many days does a resident who becomes a non-resident have to notify
the FREC?
Correct Answer: 60 days.
- Question: What nice things do military veteran applicants get out of with the
- Question: What forms must a military applicant submit in order to get exemptions?
application process?Correct Answer: Waived initial licensing fee, initial application fee, and initial unlicensed activity fee. A spouse may also be issued a temporary license for 6 months.
Correct Answer: DD-214 or NGB-22 form as proof of honorable discharge, and a Military Veteran Fee Waiver Request.
32. Question: What is the basis for denial of a license?
Correct Answer: Failure to file the correct application in proper form; failure to pay the appropriate fee; failure to correct the application within the allotted time period; failure to provide a fingerprint card; failure to take the state examination within two years of application; failure to pass the state examination; being investigated and found guilty of a violation that would violate Florida License Laws; or having a poor reputation for fair dealing, evidence of bad character, or incompetence in dealing fairly and safely with the public.
- Question: What can happen if you have performed, or attempted to perform real estate
acts, or held himself out to be a real estate professional within one year prior to application, or while application is pending, or prior to the issuance of a valid license?
