Exam (elaborations)
FL REAL ESTATE EXAM- CE shop prep
- Course
- Institution
FL REAL ESTATE EXAM- CE shop prep
[Show more]
Content preview
FL REAL ESTATE EXAM- CE SHOPPREP QUESTIONS WITH CORRECT
ANSWERS
h Stacey, a buyer, is working with licensee Rebecca in a state that doesn't recognize or permit implied
agency. Rebecca doesn't represent Stacey, however, and is performing only ministerial tasks for her.
Which of these statements about this situation is correct?
A. Stacey is Rebecca's client.
B. Rebecca is acting in an agency capacity for Stacey.
C. Stacey is Rebecca's customer.
D. Rebecca can't work with Stacey without an agency agreement. - C. Stacey is Rebecca's customer.
Without an agency agreement in place, Stacey is Rebecca's customer. With an agency agreement in
place, Stacey would be Rebecca's client.
Which of the following statements about dual agency in Florida is true?
A. A transaction broker may act as a dual agent.
B. Dual agency must be disclosed in writing.
C. Dual agents are not bound to confidentiality.
D. A licensee can't act as a fiduciary for a buyer and a seller in the same transaction. - D. A licensee can't
act as a fiduciary for a buyer and a seller in the same transaction.
Sunshine Surveyors Inc. created a lot and block survey for a new residential development, Happy Acres.
The first thing the surveyor did when surveying the new neighborhood was to reference what type of
description?
A. Plat book
B. Metes and bounds description
C. Monument
D. Map - B. Metes and bounds description
,The lot and block survey system always uses one of two things as a beginning reference: a rectangular
government survey or a metes and bounds description. Option B is the correct answer.
Chapter 475 of the Florida statutes, called the ______, sets forth the law regarding real estate brokers,
sales associates, and real estate schools.
A. Administrative Code
B. Department of Business and Professional Regulation
C. Organizational Structure Act
D. Real Estate Professional Practice Act - D. Real Estate Professional Practice Act
The Florida legislature created the Real Estate Professional Practice Act to establish the legal rights and
responsibilities of real estate licensees.
Lydia is a new real estate licensee in Florida. How many hours of post-licensing education courses must
she complete?
A. 25
B. 35
C. 45
D. 75 - C. 45
All new real estate licensees must take 45 hours of post-licensing education courses within 18 to 24
months of licensing, depending on the date of the original license exam.
Dora just received her Florida real estate broker license. What post-licensing requirements must she
fulfill?
A. She must complete 45 hours of post-licensing by her first birthday following broker license issuance.
B. She must complete 50 hours of post-licensing within 12 months of broker license issuance.
C. She must complete 60 hours of post-licensing by her second birthday following broker license
issuance.
D. She must complete 60 hours of post-licensing within 18 to 24 months of broker license issuance. - D.
She must complete 60 hours of post-licensing within 18 to 24 months of broker license issuance.
It's October 1 of an even-numbered year. It's been two-and-a-half years since Carly was licensed and she
hasn't completed her CE requirement. Which of the following is true?
, A. She must finish her CE and pay a late fee by October 31 to keep her license active.
B. She can apply to FREC for a six-week extension and complete her CE within that timeframe.
C. Her license is now inactive, and she has to reactivate it before she can practice real estate in Florida.
D. Licensees must complete 24 hours of CE within each two-year licensure cycle. - C. Her license is now
inactive, and she has to reactivate it before she can practice real estate in Florida.
At this point, Carly's license is inactive. She's missed the deadline. It doesn't matter whether it's an even
or odd number year.
Jameson is coming up on his sales associate license renewal date. He already completed eight hours of
specialty credit continuing education electives. How many additional hours does he need to complete
prior to his renewal date?
A. Five hours of specialty credits
B. Three hours of core law and three hours of real estate and business ethics
C. 10 hours of required coursework
D. 15 hours of specialty or required coursework - B. Three hours of core law and three hours of real
estate and business ethics
Brokers must complete 12 hours every two years (six each year), including six hours of electives and six
hours of approved core coursework. Since Jameson has done his electives, he has six additional hours of
core coursework to complete.
Amanda helps her neighbor sell his home by assisting with negotiations. She receives no compensation
for her assistance. Based on this one transaction, Amanda ______.
A. Doesn't need a real estate license
B. Must have at least an associate broker license
C. Must submit a written request for the return of her license
D. Must have at least a sales associate license - A. Doesn't need a real estate license
Remember that compensation is one factor in the requirement for licensure.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lecAntony. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76449 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now