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FREMC3 Exam Questions and Complete Solutions Graded A+
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FREMC3 Exam Questions and Complete Solutions Graded A+
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FREMC3 ExamQuestions and Complete
Solutions Graded A+
To receive a notice of satisfactory completion of FREC Course I or Course II, a student may not miss more
than - Answer: 8 instructional hours
The Reason: A student may not miss more than 8 classroom hours of instruction. A classroom hour is
considered to be 50 minutes.
Devora received her Florida sales associate's license last year. Which requirement must Devora
complete to become a licensed real estate broker? - Answer: Sucessfully complete the 45-hour post-
licensing course
The Reason: No one with a Florida sales license may become a Florida broker unless that person has
successfully completed the 45 hour post licensing class. Of course, she also needs to be active under a
broker for 2 years. However, without the 45 hour post licensing class, broker isn't possible. This is an
instance where there are two possible answers, but one is considered better.
Vincent Black has a North Carolina broker's license, but he is not licensed in Florida. He sells a parcel of
land he owns in Florida. Assuming all else is proper, this is a legal transaction because - Answer: Florida
law exempts from licensure individual owners selling their own real property.
The Reason: Individual property owners who buy, sell, exchange, or lease their own real estate are
exempt from licensure.
, A sales associate applicant who has submitted a correctly completed application for the state license
examination and who successfully passes the state exam may legally begin to operate as a licensee
when the - Answer: applicant is notified of having passed the state exam and has filed the appropriate
form with the DRE.
The Reason: A sales associate applicant may legally begin to operate as a licensee once the applicant has
notified the DRE of his or her employer's name and address by filing the appropriate form with the DRE.
If the post-licensing requirement is not fulfilled before the first renewal and a sales associate licensee
wishes to continue in the real estate business, the licensee - Answer: must requalify for licensure.
The Reason: Sales associates who fail to complete the post-licensing requirement and want to continue
in the real estate business are required to re qualify for licensure by repeating the prelicense course and
end-of-course exam and again passing the state licensing exam.
Services of real estate do NOT include - Answer: selling cemetery lots for compensation.
The Reason: Persons who buy or sell cemetary lots are specifically exempted from licensure. Florida Real
Estate License Law identifies the following eight real estate-related activities as real estate services (1)
advertise real estate services; (2) buy; (3) appraise; (4) rent or provide rental information or lists; (5) sell;
(6) auction; (7) lease; and (8) exchange. These services can be remembered by the acronym A BAR SALE.
Which individual is NOT exempt from licensure under F.S. 475? - Answer: Business broker who
negotiates leases of business property only
The Reason: Leasing business property for compensation requires a real estate license in Florida.
A developer purchased a tract of land and subdivided the property into individual lots. The developer
hired his son, who was not licensed to sell the lots. The father agreed to pay his son a salary of $200 per
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