Florida Real Estate (Real Estate License Law) Practice Questions and Answers
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Course
Florida real estate
Institution
Florida Real Estate
Florida Real Estate (Real Estate License
Law) Practice Questions and Answers
When did Florida pass its first Real Estate Law? - Answer-1923
When was the FREC created? - Answer-1926
What is the purpose of the FREC? - Answer-protect the public
What is the DBPR? - Answer-Department of Business an...
Who does Caveat Emptor still apply to? - Answer✔✔-still applies to buyers and
sellers who conduct their own real estate business without the aid of a professional
What are the 3 categories of real estate licenses? - Answer✔✔-Sales associate
Broker
Broker Associate
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
What is a broker? - Answer✔✔-A person who provides real estate services for
another, for compensation
What is a broker associate? - Answer✔✔-Is a licensed broker who chooses to work
as a sales associate under the direction of another broker
How does an associate become active? - Answer✔✔-The associate becomes active
by finding a broker-employer or an owner-developer
Is an applicant considered active or inactive when licensing requirements are met? -
Answer✔✔-applicant is licensed as an inactive sales associate
In order to apply for a real estate license what must a person have before applying? -
Answer✔✔-Must be 18 years or older
Have a high school diploma, or its equivalency
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