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Florida Real Estate License Exam Prep 2024 Study Guide

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Florida Real Estate License Exam Prep 2024 Study Guide Chapter 20 - ANSWER-Establishes the structure of the executive branch of Florida government Chapter 475, Part 1 - ANSWER-Real Estate Brokerage (FREC) Chapter 475, Part II - ANSWER-Real Estate Appraisal (FREAB) Chapter 475, Part III - ANSWE...

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  • October 30, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 2024 Tests
  • 2024 Tests
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Emillect
©EMILLECT2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Florida Real Estate License Exam Prep

2024 Study Guide


Chapter 20 - ANSWER✔✔-Establishes the structure of the executive branch of Florida government


Chapter 475, Part 1 - ANSWER✔✔-Real Estate Brokerage (FREC)


Chapter 475, Part II - ANSWER✔✔-Real Estate Appraisal (FREAB)


Chapter 475, Part III - ANSWER✔✔-Commercial Real Estate Sales Commission Lien Act


Chapter 475, Part IV - ANSWER✔✔-Commercial Real Estate Leasing Commission Lien Act


Chapter 455 - ANSWER✔✔-Defines practices and procedures of the Department of Business and

Professional Regulation (DBPR) and all licensees


Chapter 120 - ANSWER✔✔-Administrative Procedures Act defines the process by which regulatory

agencies decide and implement agency action


Chapter 61J2, Florida Administrative Code - ANSWER✔✔-Rules of the Florida Real Estate Commission




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, ©EMILLECT2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




What are the two applicant agendas? Which is a nonappearance agenda and which is an appearance

agenda? - ANSWER✔✔-Consent agenda (nonappearance) and Summary of Applicant (SOA, applicant

appearance agenda)


What is the time period allowed for the DBPR to check an application for errors and omissions? -

ANSWER✔✔-30 days


Theft of a license exam or unauthorized copying of an exam is what type of crime? - ANSWER✔✔-Third

degree felony


What is a Mutual Recognition Agreement? - ANSWER✔✔-A written agreement between the FREC and

another state or jurisdiction with mutual education and experience


Who do Mutual Recognition Agreements apply to? - ANSWER✔✔-Nonresidents licensed in other

jurisdictions that have a written agreement with the FREC


What education and exam requirements must be completed for applicants under a mutual recognition

agreement? - ANSWER✔✔-Applicants must pass a 40 question, Florida specific real estate law exam with

a grade of 75% or higher and complete the post-licensing requirement


What are the sales associate qualifications for license? - ANSWER✔✔-Must be 18 years of age or older;


Earned a high school diploma or equivalent;


Possess and U.S. social security number;


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, ©EMILLECT2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Be honest, truthful, trustworthy of good character, reputation for fair dealing;


Be competent and qualified to make real estate transactions


Who is exempt from the pre-license course requirement? - ANSWER✔✔-Individuals with a four year

degree or higher in real estate from an accredited institution of higher education (but they must pass the

license exam) and attorneys who are active members of The Florida Bar (but they must pass the license

exam)


What is a passing score on the license exam? - ANSWER✔✔-A grade of 75 or higher


What is the post-license education requirement for sales associates? - ANSWER✔✔-Completion of the

45 hour post-license course before the expiration of the initial license


What happens if the licensee fails to complete the post-license requirement prior to the expiration date?

- ANSWER✔✔-The license becomes null and void


What must sales associates who do not complete the post-licensing requirement do? - ANSWER✔✔-

Requalify for licensure by completing Course I again and passing the state license exam


Do Florida-licensed attorneys who are also licensed real estate sales associate need to complete the

post-licensing education requirement? - ANSWER✔✔-Yes


Who is exempt from the post-license education requirement? - ANSWER✔✔-Individuals with a four-year

degree or higher in real estate from an accredited institution of higher education


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