Exam (elaborations)
FREC Exam QUESTIONS AND ANSWERS (2024/2025) (VERIFIED ANSWERS)
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FREC Exam QUESTIONS AND ANSWERS (2024/2025) (VERIFIED ANSWERS)
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FREC Exam1. Chapter 475: Real Estate Law 1) Real Estate Brokerage 2) Appraisal
3)Commer- cial Sales Lien Rights 4) Commercial Leasing Lien Rights
2. Chapter 455: Regulation of Businesses and Professions. Defines
general prac- tices and procedures for DBPR , including the practice of
Real Estate
3. FS 120: Licensing and disciplinary procedures for Real Estate Licensees
4. 61J2 FAC: Rules of the FREC
5. Department of Business and Professional Regulation: DBPR or BPR;
reg- ulates business and professions; Secretary of DBPR appointed by
the governor, confirmed by the Senate.
6. 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
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,investigation or proceeding (take depositions and issue subpoenas)
7. Division Of Real Estate: DRE, Director appointed by Secretary of DBPR
subject to approval by Commission; provides all services concerning
Chapter 475
8. Duties of Division: Executive (investigation of complaints); Ministerial
(mainte- nance of records); Administrative (clerical and routine duties)
9. Funding of Division: Fees and assessments of Commission
10.Principal Office of DRE: Orlando, by law
11.Purpose of 475: Protect public from economic loss
12.Rules: Implement and prescribe law
13.Florida Real Estate Commission: FREC; agency; administers and
enforces administrative license law
14.Membership of FREC: 7 members: 4 brokers, 1 broker OR sales
associate, 2 consumer members, 1 member 60 or older
15.Appointment of Members: Appointed by governor for 4-year terms;
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, confirmed by senate.
16.Compensation of Members: NOT salaried employees of DBPR;
compensated for attending meetings
17.Election of Officers Annually: Chairperson and Vice Chairperson
elected
18.Official Records: Minute book and order book
19.Legislative (Quasi-Legislative) Powers: Enactment of rules and
regulations; can NOT conflict with constitution, statutes, and other
laws; decide questions of practice; validate records (imprinted with
seal)
20.Adoption of Rules: must relate to duty or power of commission;
notice pub- lished 28 days prior to public hearing
21.Petition Regarding Rule: ANY person regulated by FREC may
petition the Commission to adopt, amend, or repeal a rule
22.Effective Date of Rule: 20 days after being filed with Secretary of State
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