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Florida Real Estate State Exam Prep 2024 Questions With Solutions Latest Updated Rated 100%
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Florida Real Estate State Exam Prep 2024 Questions With Solutions Latest Updated Rated 100%
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Florida Real Estate State Exam Prep.pdf file:///C:/Users/HP/Desktop/NIW/Florida%20Real%20Estate%20StFlorida Real Estate State Exam Prep
1. Joint Ventures
ANS is a temporary form of business arrangement often encounteredin real estate business.
2. Trade Names
ANS is a business name other than the legal name of the person doingbusiness. The letters T/A
are used to indicate "trading as."
3. Chapter 120, F.S.
ANS Administrative Procedures Act
4. Chapter 455, F.S.
ANS Regulation of Professional and Occupations
5. Chapter 28, Sections 101-110
ANS Division of Administrative Hearings (DOAHRules), Florida Administrative Code
(F.A.C.)
6. Chapter 61J2
ANS Florida Real Estate Commission, Fl Administrative Code (F.A.C.)
7. Recovery Fund
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ANS Claim must be paid with in 2 yrs.Max payment $50,000
(single transaction)
Max payment on multiple $150,000
Punitive Damages and Interest CANNOT be reimbursed from fund
8. Accumulation of the Recovery Fund
ANS total of $1 million is the limit for fund atany one time.
Accumulated by charging Licensees a Recovery Fund Fee when a new lic is issued or renewed.
Fines imposed by FREC and collected by DBPR. Collection stops whenlimit is reached and restarts
when amount drops below $500k. At that time, a fee of
$3.50 per yr. for brokers and $1.50 per year for sales Assoc. is added to Lic fee.
9. Civil Rights Act of 1964 (Titles II and III)
ANS ended racial segregation in schools,the work place, and public accommodations.
10. Civil Rights Act of 1968 The Fair Housing Act
ANS Prohibits discrimination on the basis of Race, Color, Religion, Sex and National Origin
when selling or rentingresidential property.
11. 7 Protected Classes (FRSH CRN aka Fresh Corn)
ANS RaceColor
Religion
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Sex
Handicap Status (mental or physical)
Familial Status (18 or younger or Pregnant Women)National
Origin
12. Blockbusting
ANS Use the entry, or rumor of the entry, of a protected class into theneighborhood to persuade
owners to sell
13. Steering
ANS Channel Home seekers to or away from a particular neighborhoodbecause they are
members of a protected class
14. Redlining
ANS Deny loans or insurance coverage by a lender or insurer that pre-sents different terms or
conditions for homes in certain neighborhoods
15. Americans with Disabilities Act of 1990
ANS removes barriers that prevent qual-ified individuals with disabilities from enjoying the
same opportunities that are
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