BOB HOGUE SALES ASSOCIATE EXAM REVIEW Exam with Solutions to Questions
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Course
Bob Hogue Sales Associate
Institution
Bob Hogue Sales Associate
AR - national association of realtors. largest trade organization in the world. promotes
ethics and education in the industry. NAR realtors must complete 3 hours of training every
4 years
florida statute 20 - executive branch of floridas government
florida statute chapter 475 part 1 - pertains ...
BOB HOGUE SALES ASSOCIATE EXAM
REVIEW Exam with Solutions to Questions
NAR - national association of realtors. largest trade organization in the world. promotes
ethics and education in the industry. NAR realtors must complete 3 hours of training every
4 years
florida statute 20 - executive branch of floridas government
florida statute chapter 475 part 1 - pertains to real estate brokerage, sales associates,
schools
florida statute chapter 475 part 2 - pertains to real estate appraisers and sets forth requirements
for licensed and certified appraisers according to federal statute. FREAB (florida real estate
appraisal board) regulates state certified, licensed and registered trainee appraisers
florida statute chapter 475 part 3 - commercial real estate sales commision lien act gives
broker lien rights for earned commission. applies to commercial property, NOT residential. Lien
is only against the onwers new proceeds from the sale and does not attach to the commercial
real property.
florida statute chapter 475 part 4 - the commercial real estate leasing commission lien act,
gives broker lien rights for earned commission associated with brokerage agreement to lease
commercial real estate
chapter 455 - professions regulated by DBPR (dept business and professional regulation).
discipline a real estate licensee who failed to notify DBPR within 30 days of conviction, finding
of guilt, plea, or adjudication of a crime
,florida statute 120 - procedural process for all governmental entities authorized under the
florida constitution.
chapter 61J2 - FREC (florida real estate commission) rules
sales associate - person who performs real estate services for compensation but who does so
under the direction, control, or management of a broker/owner developer
broker - a person who for another, and for compensation or other consideration (or
anticipation of compensation or other consideration) performs real estate services
broker associate - a person who holds a brokers license but chooses to register and work in
real estate under the direction of another broker.
an individual typically begins a real estate career in Florida as - a licensed sales associate.
starts with license as voluntary inactive sales associate
owner developer - an unlicensed entity that sells, exchanges, or leases its own property
becoming a broker requires - additional education, experience, and passing the broker
license exam
license application expires: - 2 years after the date the DBPR receives the application
military veteran and spouse waiver - DBPR has the authority to waive the initial application,
license, and unlicensed activity fees for military vets and their spouses who apply for a real
estate license within 60 months after honorable discharge
,background check of criminal history - a withhold of adjudication must be disclosed on the
application
background check and expungement - process by which the record of criminal conviction is
destroyed or sealed after expiration of time.
when in doubt, always - disclose
a florida real estate licensee who moves out of state and becomes a non florida resident
must notify the commission within - 60 days
licensees must notify FREC with a change of mailing address within - 10 days
florida resident - person who has resided in FL continuously for a period of 4 calendar
months or more within the preceding year regardless of whether the person resided in a
recreational vehicle, hotel, rental unit, or other temporary/permanent location
sales associate applicant must be (age) - 18
applicant who has been disbarred or guilty of offenses is not qualified for a real estate license
unless - passage of time, good conduct and reputation, or other sufficient reasons cause the
commission to believe granting the license will not endanger the interests and welfare of the
general public.
a student failing the end of course exam must wait - 30 days before retaking
2 exemptions of prelicensing - 4 year or higher real estate degree, licensed attorney
, if you hold a 4 year real estate degree, you are exempt from - prelicense course 1, 2, and
post license. NOT CONTINUING EDUCATION
if you are a florida licensed attorney you are exempt from - prelicensing course 1
passing score of license exam - 75
new sales associates must change their license to - active status before operating as a sales
associate. submitting DBPR from RE:11
new licensees must not begin working until - the DBPR indicates the license has been
changed to active status under the proper broker/brokerage entity
post licensing education - effect of placing all initial licensees in a conditional (probationary)
status because failure to complete post licensing edu requirement will cause license to
become null and void.
continuing education - active and inactive licensees must complete 14 hours of cont. edu.
every 2 year period after. 3 hours of core law are required in 2 year 14 hour renewal cycle.
applicants who possess a Florida sales associate license must fulfill their sales associates post
licensing edu - before the expiration of the initial sales associate license or before applying
for a brokers license (whichever comes first)
broker applicant must have held an active real estate license for - at least 2 years during the 5
year period preceding application to become a broker.
the broker experience cannot be earned by working for an owner/developer unless - the
owner developer is a licensed broker who holds a current, valid, active real estate license
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