FREC Exam questions and verified correct answers 2024
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Course
FREC
Institution
FREC
Chapter 475 - correct answer Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights
Chapter 455 - correct answer Regulation of Businesses and Professions. Defines general practices and procedures for DBPR , including the practice of...
Chapter 475 - correct answer Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial Sales
Lien Rights 4) Commercial Leasing Lien Rights
Chapter 455 - correct answer Regulation of Businesses and Professions. Defines general practices and
procedures for DBPR , including the practice of Real Estate
FS 120 - correct answer Licensing and disciplinary procedures for Real Estate Licensees
61J2 FAC - correct answer Rules of the FREC
Department of Business and Professional Regulation - correct answer DBPR or BPR; regulates business
and professions; Secretary of DBPR appointed by the governor, confirmed by the Senate.
Powers and Duties of the DBPR - correct answer Adopt rules and regulations; standing to challenge any
rule of Commission; prepare and administer examinations; issue licenses; investigate complaints; seek
evidence in investigation or proceeding (take depositions and issue subpoenas)
Division Of Real Estate - correct answer DRE, Director appointed by Secretary of DBPR subject to
approval by Commission; provides all services concerning Chapter 475
Duties of Division - correct answer Executive (investigation of complaints); Ministerial (maintenance of
records); Administrative (clerical and routine duties)
Funding of Division - correct answer Fees and assessments of Commission
Principal Office of DRE - correct answer Orlando, by law
Purpose of 475 - correct answer Protect public from economic loss
, Rules - correct answer Implement and prescribe law
Florida Real Estate Commission - correct answer FREC; agency; administers and enforces administrative
license law
Membership of FREC - correct answer 7 members: 4 brokers, 1 broker OR sales associate, 2 consumer
members, 1 member 60 or older
Appointment of Members - correct answer Appointed by governor for 4-year terms; confirmed by
senate.
Compensation of Members - correct answer NOT salaried employees of DBPR; compensated for
attending meetings
Election of Officers Annually - correct answer Chairperson and Vice Chairperson elected
Official Records - correct answer Minute book and order book
Legislative (Quasi-Legislative) Powers - correct answer Enactment of rules and regulations; can NOT
conflict with constitution, statutes, and other laws; decide questions of practice; validate records
(imprinted with seal)
Adoption of Rules - correct answer must relate to duty or power of commission; notice published 28
days prior to public hearing
Petition Regarding Rule - correct answer ANY person regulated by FREC may petition the Commission to
adopt, amend, or repeal a rule
Effective Date of Rule - correct answer 20 days after being filed with Secretary of State
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