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FL REAL ESTATE SALES ASSOCIATE EXAM REVIEW QUESTIONS AND ANSWERS
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FL REAL ESTATE SALES ASSOCIATE EXAM REVIEW QUESTIONS AND ANSWERS Complaints against licensees are confidential until _____ days after probable cause is found to exist. - ANSWER-10 Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There after ...

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  • November 4, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • fl real estate sales associate exam review questio

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  • Real Estate
  • Real Estate

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KaylinHoffman

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Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




FL REAL ESTATE SALES ASSOCIATE

EXAM REVIEW QUESTIONS AND

ANSWERS


Complaints against licensees are confidential until _____ days after probable cause is found to exist. -

ANSWER✔✔-10


Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There

after the licensee has ____ days to take corrective action. - ANSWER✔✔-15


Summary Suspension- What is it and who issues it? - ANSWER✔✔-An emergency order which

immediately places a real estate license suspension when it is felt the licensee is a danger to the public.


It is issued by the secretary of the DBPR


A recommended order is issued by the _________. - ANSWER✔✔-Administrative Law Judge


The maximum term for a license suspension is _____ even if it is a first time offense. - ANSWER✔✔-10

Years


A Licensee has ______ to pay a fine. - ANSWER✔✔-30 Days


A licensee must report a felony conviction to FREC within _____ following the conviction. - ANSWER✔✔-

30 Days


The maximum administrative fine FREC can impose on a single violation is ________. - ANSWER✔✔-

$5,000

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,Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


Failing to provide an accurate rental list is a ______ degree misdemeanor punishable by a fine of

_________ and up to _____ in jail. - ANSWER✔✔-1st..... $1000, 1


It is a ____ degree felony when an unlicensed person receives commission of a referral fee. -

ANSWER✔✔-3rd


When the Florida Recovery Fund has to be replenished sales associated will be charged _____ or

_______. - ANSWER✔✔-$1.50 per year or $3 per renewal


The maximum allowable payment from the Florida Recovery Fund for financial losses suffered due to a

licensees act is _______ for a single transaction with a maximum of ________ for multiple transactions -

ANSWER✔✔-$50,000..... $150,000


A person's license would probably be revoked if that person is confined to a hospital for temporary

mental incapacity. - ANSWER✔✔-FALSE


A person's license would probably be suspended if that person is confined to a federal prison for an

activity not related to real estate. - ANSWER✔✔-FALSE- REVOKED FOR A PERIOD OF TIME


A sales associate that takes listings or records with them when they change firms is guilty of larceny. -

ANSWER✔✔-TRUE


Payment of the Florida Recovery Fund due to a licensees wrongdoing will result in a mandatory

revocation of the associate's license. - ANSWER✔✔-FALSE- SUSPENSION


A Florida Real Estate Licensee is criminally disciplined for selling drugs in Texas. FREC will:


a) administratively discipline the licensee


b) impose a civil penalty



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, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


c) criminally prosecute the licensee


d) do nothing as the activity took place in Texas and has nothing to do with real estate - ANSWER✔✔-A)

Administratively discipline the licensee




Belongs in court, FREC cannot impose civil penalties


A Brokerage firm advertised on their internet page a property for sale at $50,000. When a prospect

inquired about the sales price the sales associate claimed it was a typographical error and should have

been advertised for $500,000. This activity is a:


a) 1st degree misdemeanor


b) 3rd degree felony


c) 2nd degree misdemeanor


d) 3rd degree misdemeanor - ANSWER✔✔-C- 2nd Degree misdemeanor; False Advertising


A Sales associate must first obtain the broker's approval before accepting a post dated check. -

ANSWER✔✔-TRUE


A sales associate received a binder deposit on monday and turned it over to the firm on tuesday. The

funds must be deposited no later than the end of the business day on Friday. - ANSWER✔✔-FALSE- 3

business days, THURSDAY


An example of "conversion" is when a broker spends a sales associate's commission on his/her office

overhead. - ANSWER✔✔-TRUE




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