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FL Real Estate Chapter 2 Exam Questions and Complete Solutions Graded A+
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FL Real Estate Chapter 2 Exam Questions and Complete Solutions Graded A+
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FL Real Estate Chapter 2Exam Questions and
Complete Solutions
Graded A+
1. The Florida Real Estate Commission was first created in what year?
(a) 1932
(b) 1925
(c) 1923
(d) 1919 - Answer: Your answer: B
The first Florida Real Estate Commission was created in 1925 to administer and enforce the law,
streamlining the process by removing the necessity for court enforcement.
Reference: Chapter 2, Real Estate License Law, History of the Law
2. What is the purpose of the real estate license law?
(a) To protect the public
(b) To protect licensees
(c) To clarify the law
(d) To grant licenses - Answer: Your answer: A
The purpose of the Florida Real Estate License Law, F.S. 475, is to protect the public. The DBPR is
essentially a consumer protection agency.
Reference: Chapter 2, Real Estate License Law, Purpose of the Law
3. Why was the Florida Real Estate Commission (FREC, or the Commission) created?
(a) To protect the public
, (b) To administer and enforce the law
(c) To discipline licensees
(d) To award professional designations - Answer: Your answer: B
The first FREC was created in 1925 to administer and enforce the law, streamlining the process by
removing the necessity for court enforcement.
Reference: Chapter 2, Real Estate License Law, History of the Law
4. A sales associate failed to complete the required post-license education prior to their renewal
deadline. What is the status of the sales associate's license?
(a) Revoked
(b) Suspended
(c) Involuntarily inactive
(d) Void - Answer: Your answer: D
All sales associates, whether actively or inactively licensed, must complete a 45-hour post-licensing
course prior to the expiration date of their initial license period. Failure to complete this required course
prior to expiration of the initial license will cause the license to become void, and the licensee will be out
of business. To continue in the real estate profession, he or she must take the 63-hour pre-license
course over again and pass another state examination.
Reference: Chapter 2, Renewing a Florida Real Estate License, Post-license (First Renewal) Requirements
- Sales Associate First Renewal
5. What does the registration of an active sales associate with the Department refer to?
(a) Placing and keeping on record the sales associate's name and home address
(b) Placing and keeping on record the sales associate's name, home address and business address of his
or her employing broker
(c) The broker's name and business address
(d) Placing and keeping on record the sales associate's name, and the business address of his or her
employer - Answer: Your answer: B
Registration is the placing and keeping on record of the name and address of an individual or business.
The Division of Real Estate (DRE, or the Division) maintains a registration list of all brokers, sales
associates, and businesses that employ licensees engaged in the real estate business.
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