Florida Real Estate (Real Estate License Law) Exam Prep.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Real%20Estate%20(R
Florida Real Estate (Real Estate License Law)
Questions & Answers
1. When did Florida pass its first Real Estate Law?
Answer 1923
2. When was the FREC created?
Answer 1926
3. What is the purpose of the FREC?
Answer protect the public
4. What is the DBPR?
Answer Department of Business and Professional Regulation
5. What is the Mission of the Department?
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,Florida Real Estate (Real Estate License Law) Exam Prep.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Real%20Estate%20(R
Answer to ensure that professions and busi-nesses provide quality services for the health,
safety and welfare of citizens and visitors in the great state of Florida
6. What is the DRE?
Answer Division of Real Estate
7. What is the Division Responsible for?
Answer Protects the public by regulating realestate and appraisal licensees
examination, licensing and regulation
verify the integrity of real estate salespersons and brokers by providing investigationand support
to areas of complaints by consumers and other professionals as needed
8. What is the FREC?
Answer Florida Real Estate Commission
9. What does the FREC do?
Answer the enforcer of real estate rules and discipline
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,Florida Real Estate (Real Estate License Law) Exam Prep.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Real%20Estate%20(R
10. Who appoints the members of the FREC?
Answer appointed by the Governor
11. How was real estate conducted in the past?
Answer By Caveat emptor ;"Let the buyerbeware.
12. Who does Caveat Emptor still apply to?
Answer still applies to buyers and sellerswho conduct their own real estate business without
the aid of a professional
13. What are the 3 categories of real estate licenses?
Answer Sales associateBroker
Broker Associate
14. What is a sales associate?
Answer A person who provides real estate services for another, for compensation under the
direction, control and management of a broker
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