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Aceable Agent FL Section 2 Questions And Answers With Verified Solutions Already Passed!!!
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Aceable Agent FL Section 2 Questions And Answers With Verified Solutions Already Passed!!!
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Aceable Agent FL Section 2 QuestionsAnd Answers With Verified Solutions
Already Passed!!!
Florida Real Estate Commission (FREC) - ANSWER✔✔ quasi-judicial body that
administers and enforces license law in FL (makes rules & hears disciplinary
actions)
Rules: 61J2 of Fl Admin code
61J2 FL Admin code - ANSWER✔✔ FREC rules (technically not law) - directions
based on Chapter 475
Florida Statute Chapter 475 - ANSWER✔✔ FL Real Estate statutes - 4 parts
1. Brokers, Sales associates & schools
2. Appraisers
3. The Commercial Real Estate Sales Commission Lien Act
4. The Commercial Real Estate Leasing Commission Lien Act
Department of Business and Professional Regulation (DBPR) - ANSWER✔✔ In
charge of licenses, part of executive branch; do admin tasks for FREC
Established in Chpt 20, FL statute
Florida Statutes Chapter 455 - ANSWER✔✔ Business & Professional Regulation:
General provisions. rules regulating multiple professions (rules for DBPR)
455.10, F.S.: citizenship not required
, Chapter 120, Florida Statute - ANSWER✔✔ Administrative Procedure Act:
licensing procedures & disciplinary processes for all FL regulatory agencies
General Licensure Provisions - ANSWER✔✔ 18 yo, HS diploma or equiv,
honest/trustworthy/moral, competent & qualified, SSN & legally be able to work in
US (NOT required to be a citizen, 455.10, F.S.)
Disclosure rules - ANSWER✔✔ Must disclose if: under
investigation/convicted/plead guilty or nolo contendere; uses aliases (maiden
name), denied any professional license; suspended, revoked or annulled
professional license; under investigation license, guilty of conduct or practice that
are grounds for suspension or revocation under Chpt 475, F.S.
Disclosure of criminal history - ANSWER✔✔ *must disclose ANY criminal
history - verify expungement through FL Dept of Law Enforcement Hx report -
small fee
Must attach arrest reports, disposition, documents that all sanctions served &
satisfied
attach letter from probation letter
If Hx, send 3 letters of reference (only 1 fam member)
May need to go to FREC meeting
Broker - ANSWER✔✔ a person or business entity who is licensed to represent one
of the parties in a real estate transaction in exchange for a commission or other
valuable consideration. A broker supervises sales associates and broker associates.
Sales Associate (Real Estate Agent) - ANSWER✔✔ a person who performs any
act specified in the definition of "broker," but who performs such act under the
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