Chapter. 3 - Gold Coast Real Estate Homework 2024/2025 passed

Chapter. 3 - Gold Coast Real Estate HomeworkThe Department of Business and Professional Regulation has the authority to issue all of the following, EXCEPT: (a) A cease-and-desist order (b) A subpoena (c) An injunction (d) A notice of noncompliance - correct answer (c) An injunction What is the maximum number of years a member may serve on the Florida Real Estate Commission? (a) 4 (b) 8 (c) 12 (d) No maximum - correct answer (d) No maximum Which statement is true regarding the Secretary of the Department of Business and Professional Regulation? (a) The Secretary is a member of the Florida Real Estate Commission. (b) The Secretary is appointed by the Governor. (c) The Secretary must be an attorney. (d) The Secretary answers to the state legislature in the performance of duties. - correct answer (b) The Secretary is appointed by the Governor. The Division of Real Estate is an administrative part of which of the following? (a) The State of Florida (b) The Department of Commerce (c) The Department of Banking (d) The Department of Business and Professional Regulation - correct answer (d) The Department of Business and Professional Regulation Which statement is true regarding examination questions and answers? (a) They are published in the Administrative Weekly before appearing in an examination. (b) They may not be challenged. (c) They may be reviewed by any member of the public upon request. (d) They are confidential. - correct answer (d) They are confidential. Which of the following entities issues real estate licenses? (a) The State of Florida (b) The Department of Business and Professional Regulation (c) The Department of Revenue (d) The Florida Real Estate Commission - correct answer (b) The Department of Business and Professional Regulation After being active in the real estate business for over five years, a licensee's license expired on September 30. What is the status of the license on October 1? (a) Suspended (b) Revoked (c) Involuntary inactive (d) Voluntary inactive - correct answer (c) Involuntary inactive The Florida Real Estate Commission held a meeting for the purpose of passing a new rule. This is an exercise of which Commission power? (a) Executive (b) Quasi-legislative (c) Quasi-judicial (d) Ministerial - correct answer (b) Quasi-legislative Which of the following statements is true regarding the Director of the Division of Real Estate? (a) The Director is appointed by the Secretary of the Department of Business and Professional Regulation. (b) The Director is a member of the Florida Real Estate Commission. (c) The Director is not subject to confirmation or approval by the Florida Real Estate Commission. (d) The Director answers only to the Governor in the performance of his or her duties. - correct answer (a) The Director is appointed by the Secretary of the Department of Business and Professional Regulation. The Department of Business and Professional Regulation (DBPR) is created by which Florida statute? (a) F.S. 120 (b) F.S. 455 (c) F.S. 475 (d) F.S. 494 - correct answer (b) F.S. 455 If an applicant for a real estate license provides false information on their application, they commit which of the following criminal violations? (a) First-degree misdemeanor (b) Second-degree misdemeanor (c) Second-degree felony (d) Third-degree felony - correct answer (d) Third-degree felony What action may the Department take if it determines that an unlicensed person has operated in violation of a law or rule under its administration? (a) None, since the Department has no jurisdiction over unlicensed individuals. (b) It may issue an injunction prohibiting such activity in the future. (c) It may imprison the violator for up to 5 years. (d) An administrative fine of up to $5,000 may be imposed. - correct answer (d) An administrative fine of up to $5,000 may be imposed.