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FREC Exam Questions and Answers (Latest Update 2024)
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FREC Exam Questions and Answers (Latest Update 2024)
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FREC Exam Questions and Answers(Latest Update 2024)
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
,FREC Exam Questions and Answers
(Latest Update 2024)
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
, FREC Exam Questions and Answers
(Latest Update 2024)
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
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