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FREC Exam review questions and answers
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FREC Exam review questions and answers
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FREC Exam review questions and answersChapter 475 - Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial
Sales Lien Rights 4) Commercial Leasing Lien Rights
Chapter 455 - Regulation of Businesses and Professions. Defines general practices
and procedures for DBPR , including the practice of Real Estate
FS 120 - Licensing and disciplinary procedures for Real Estate Licensees
61J2 FAC - Rules of the FREC
Department of Business and Professional Regulation - DBPR or BPR; regulates
business and professions; Secretary of DBPR appointed by the governor,
confirmed by the Senate.
Powers and Duties of the DBPR - Adopt rules and regulations; standing to
challenge any rule of Commission; prepare and administer examinations; issue
licenses; investigate complaints; seek evidence in investigation or proceeding (take
depositions and issue subpoenas)
Division Of Real Estate - DRE, Director appointed by Secretary of DBPR subject to
approval by Commission; provides all services concerning Chapter 475
, FREC Exam review questions and answers
Duties of Division - Executive (investigation of complaints); Ministerial
(maintenance of records); Administrative (clerical and routine duties)
Funding of Division - Fees and assessments of Commission
Principal Office of DRE - Orlando, by law
Purpose of 475 - Protect public from economic loss
Rules - Implement and prescribe law
Florida Real Estate Commission - FREC; agency; administers and enforces
administrative license law
Membership of FREC - 7 members: 4 brokers, 1 broker OR sales associate, 2
consumer members, 1 member 60 or older
Appointment of Members - Appointed by governor for 4-year terms; confirmed by
senate.
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