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Florida Broker Exam Questions and Answers (Latest Update 2024)
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Florida Broker Exam Questions and Answers (Latest Update 2024)
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Florida Broker Exam Questions andAnswers (Latest Update 2024)
Executive Branch of Florida Government (including the DBPR)
- Correct Answer ✅ Florida Statue Chapter 20
The law is often referred to as the Real Estate Practice Act -
Correct Answer ✅ Florida Statute Chapter 475
The law that was established for Real Estate Brokers, sales
associates, and appraisers - Correct Answer ✅ Florida
Statue Chapter 475
Part I of the Florida statue 475 pertains to: - Correct Answer
✅ Real estate brokerages
Part II of the Florida Statue 475 pertains to: - Correct
Answer ✅ Real estate appraisers and sets for the
requirements for FL licensed and certified appraisers
Part III of Chapter 475 pertains to: - Correct Answer ✅ The
Commercial Real Estate Lien Act, Gives broker lien rights for
earned commission. This act applies only to the commercial
property (not residential property)
,Florida Broker Exam Questions and
Answers (Latest Update 2024)
The Commercial Real Estate Sales Commission Lien Act -
Correct Answer ✅ The right to place against owner's net
proceeds(personal property) from the sale and does not
attach to the commercial real property.
Part IV, of Chapter 475, Commercial Real Estate Leasing
Commission Lien Act - Correct Answer ✅ Give a broker lien
rights for earned commission associated with a brokerage
agreement to lease commercial real estate
Florida State 455 Regulation of Professions and Occupations -
Correct Answer ✅ Department of Business and Professional
Regulation and the professions under the department
Florida Statue Chapter 120 - Correct Answer ✅ Procedural
process for all governmental entities authorized under the
Florida constitution. The licensing and disciplinary process for
real estate licensees is outlined in this chapter.
,Florida Broker Exam Questions and
Answers (Latest Update 2024)
Florida Administrative Code Chapter 61J2 - Correct Answer
✅ Florida Real Estate Commission Rules
A person who performs real estate services for compensation
but who does so under the direction, control, or management
of a broker or an owner developer. - Correct Answer ✅
Sales Associate
An individual who is qualified to be issued a broker's license
but who operates as a sales associate in the employ of
another - Correct Answer ✅ Broker Associate
An unlicensed entity that sells, exchanges, or leases it own
property - Correct Answer ✅ Owner Developer
What are some rules of staff of owner developer? - Correct
Answer ✅ Sales associates must have an active real estate
license in order to receive a commission. Sales staffed is
exempted from licensure if paid strictly a salary.
"Let the Buyer Beware" - Correct Answer ✅ Caveat emptor
, Florida Broker Exam Questions and
Answers (Latest Update 2024)
Licensees applicants Requirements: - Correct Answer ✅
Background check of any crimes
Must disclose prior convictions including if a court action was
(adjudicated) withheld
disclose on the application any other name or alias, including
maiden name
18 years old
high school diploma or equivalent
possess a Social Security Number
Be of good character
Have not violated a Chapter 475 within 1 year prior to
application.
How long is the license application good for? - Correct
Answer ✅ 2 years from the date of the completed
application received by the DBPR
"no contest" - Correct Answer ✅ Nolo contendere
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