Level 2: Real Estate License Law And Qualifications For Licensure Exam Questions And Answers 100% Pass.
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Module
Real Estate License Law And Qualification
Institution
Real Estate License Law And Qualification
Level 2: Real Estate License Law And
Qualifications For Licensure Exam Questions
And Answers 100% Pass.
Why do real estate laws exist? - AnswerTo protect the real estate customer
What did the world of real estate operate on? Latin for let the buyer beware. - AnswerCaveat
emptor
Which law deal...
Level 2: Real Estate License Law And
Qualifications For Licensure Exam Questions
And Answers 100% Pass.
Why do real estate laws exist? - Answer✔To protect the real estate customer
What did the world of real estate operate on? Latin for let the buyer beware. - Answer✔Caveat
emptor
Which law deals with everything real estate in Florida? - Answer✔Chapter 475
When did the Florida Legislature pass Chapter 475? - Answer✔In 1923
What is the quasi-judicial body that administers and enforces license law in Florida? -
Answer✔Florida Real Estate Commission (FREC)
Who has the power to grant, deny, suspend, and revoke licenses based alleged violations? -
Answer✔FREC
When was the Florida Real Estate Commission created? - Answer✔Legislature created it in 1925
Who supports FREC administratively? - Answer✔Division of Real Estate (DRE)
Who operates under the aegis of the Department of Business and Professional Regulation
(DBPR)? - Answer✔Division of Real estate
Who is in charge of licensing and regulating the licensure of all kinds of professions in Florida,
not just real estate? - Answer✔Department of Business and Professional Regulation (DBPR)
What the difference between DBPR and FREC? - Answer✔FREC: makes rules and hears
disciplinary actions
DBPR: records registrations and tracks licensee
What's the one place Florida keeps all their statutes? - Answer✔The Florida Statutes
What do the numbers in this citation mean: 475.001, F.S. - Answer✔Florida statutes (F.S.)
Chapter 475
Supchapter 001
What are the 4 parts Chapter 475 is broken into? - Answer✔1. Real estate brokers, sales
associates, and schools
2. Appraisers
3. Commercial Real Estate Sales Commission Lien Act
4. Commercial Real Estate Leasing Commission Lien Act
What does the real estate brokers, sales associates, and school section in Chapter 475 regulate? -
Answer✔Brokers, sales associates, and schools
What does the appraisers section in Chapter 475 regulate? - Answer✔Appraisers for licensing
requirements and overseen by the Florida Real Estate Appraisal Board (FREAB)
What does the Commercial Real Estate Sales Commission Lien Act section in Chapter 475
regulate? - Answer✔This gives commercial brokers the right to put a lien on a property they've
sold to collect their commission
What does the Commercial Real Estate Leasing Commission Lien Act section in Chapter 475
regulate? - Answer✔This gives commercial brokers the right to put a lien on a commercial
property they've leased to collect their commission*********
What are the set of rules FREC created to administer and enforce Chapter 475? - Answer✔61J2
of the Florida Administrative Code
You are reading your Aceable pre-licensing course and come across this: 475.021, F.S.. What is
this mysterious glyph trying to tell you? - Answer✔that the law being referenced can be found in
Chapter 475, subchapter 021 of the Florida statutes
What's the difference between 61J2 and Chapter 475? - Answer✔61J2: directions to follow the
rules
Chapter 475: determines what is legal/illegal
What contains regulations for all kinds of other professions and scenarios, not just real estate? -
Answer✔The Florida Administrative Code (FAC)
You are reading your Aceable pre-licensing course and come across this: 61J@-3.015, F.A.C..
What is this mysterious glyph trying to tell you? - Answer✔61J2: where the real estate rules live
3.015: chapter 3 part 15
What is the difference between Chapter 475 of the Florida Statues and Chapter 61J2 of the
Florida Administrative Code? - Answer✔Chapter 475 governs brokers; Chapter 61J2 governs
sales associates.
What deals with the executive branch of the Florida government? - Answer✔Chapter 20, entitled
Organizational Structure
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