Florida Real Estate License Exam Prep Questions And Answers 100% Pass.
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Course
Florida Real Estate License
Institution
Florida Real Estate License
Florida Real Estate License Exam Prep
Questions And Answers 100% Pass.
Which of the following statements is true about specializing in a type of property? -
AnswerBoth brokers and sales associates may specialize in one or more types of property.
In the real estate business, whose primary role i...
Florida Real Estate License Exam Prep
Questions And Answers 100% Pass.
Which of the following statements is true about specializing in a type of property? -
Answer✔Both brokers and sales associates may specialize in one or more types of property.
In the real estate business, whose primary role is it to provide clients with the information they
need to make informed decisions about their own specific real estate interests? - Answer✔Real
estate counselor
Once sales associates complete their post-licensing education and renew their licenses, how
many hours of continuing education are required during each two-year renewal period? -
Answer✔14 hours
How much post-licensing education must sales associates complete before their first license
renewal? - Answer✔45-hour course
What's a recommended way to protect yourself from committing unauthorized practice of law
when drafting a document? - Answer✔Make the terms of all contracts subject to review by
attorneys for both parties.
You've been studying real estate for a while, and you're a few weeks from taking the exam and
getting your real estate license. Which activities are you able to do? - Answer✔Negotiate and
buy your own property.
Gerry is submitting an application for a sales associate license for the first time. She will need to
pay the initial application fees and ____ fee to the DBPR. - Answer✔unlicensed activity
Tim's license is in voluntary inactive status and it's time for renewal. What happens if he does
not renew before the license expiration date? - Answer✔The license reverts to involuntary
inactive status
If you move, you'll need to update your mailing address and email address with the DBPR within
_______ days or you may receive a citation and a $500 fine. - Answer✔10
Robert did not complete his post-licensing education before his first license expiration date. May
he continue to work as a sales associate? - Answer✔No, his license will be null and void if he
does not complete the education requirement and renew on time.
A year and a half ago, Jan was appointed to the Florida Real Estate Commission. How much
longer does she have left on her term? - Answer✔Two and a half
There is one opening on the commission. The current Commission has: 3 Brokers/1 Sales
Associate/2 Consumers. Which individual is qualified to join? - Answer✔A broker with at least
five years of experience
The ______ oversees the DRE, which administers the FREC to regulate real estate in Florida. -
Answer✔DBPR
The quasi-legislative powers of the FREC include which of the following responsibilities? -
Answer✔Discipline licensees
The Florida legislature, under FL §455.223-225, granted the DBPR the authority to ______. -
Answer✔Investigate consumer complaints
How many of the seven members of the FREC must hold active real estate licenses? -
Answer✔Five
The DBPR has issued a cease and desist order to Malika. Which of the following must be true? -
Answer✔She is unlicensed.
For all intents and purposes, subagents are agents of the _______. - Answer✔Seller
"A party to a transaction and the person for whom the agent acts" is the definition of ________. -
Answer✔A principal
When working with a client on a real estate sale, a real estate licensee is usually acting as which
type of agent? - Answer✔Special
A Florida sales associate working for Broker A represents a seller of a residential listing. Can
another sales associate working for Broker A represent a buyer for that same residential listing? -
Answer✔No, because Florida prohibits dual agency for residential sales.
Betsy is buying a home from Joe. Joe's listing agent is Keri, and Betsy has no representation.
Which of these statements is true about this transaction? - Answer✔Joe is Keri's client, and
Betsy is Keri's customer.
"Someone who has agency representation with the real estate salesperson or broker" is the
definition of ________. - Answer✔A client
For how long must a broker keep written disclosures of brokerage relationships on file? -
Answer✔Five years after the close of the transaction
A broker has designated one sales associate to work with a seller and another sales associate to
work with a buyer on the same commercial transaction. What must the parties disclose? -
Answer✔Assets of $1 million or more
When agents put their clients' interests ahead of their own, this describes the duty of ______. -
Answer✔Loyalty
What are the disclosure requirements for a transaction broker? - Answer✔Written disclosure is
not required.
Why must nonrepresentation be established in writing in Florida? - Answer✔Because the
presumed brokerage relationship is transaction broker.
In this type of corporation, stockholders, directors, and company officers are typically the same
people. - Answer✔Close
How do you change supervising brokerages in Florida? - Answer✔Request that your existing
and new brokers complete the termination and affiliation processes respectively.
You've just spent the last year affiliated with another broker. How much longer do you have to
be affiliated before you qualify for a broker's license? - Answer✔One more year
What must a broker do to open a branch office in another state? - Answer✔Agree to cooperate
with any investigations under Florida statute.
What must a broker associate do to obtain multiple licensure? - Answer✔Broker associates aren't
permitted to hold multiple licenses.
Arnold plans to open a brokerage. What might make him select a sole proprietorship legal
structure? - Answer✔He wants control over branding.
Which type of partner shares full personal liability for the partnership's debts and obligations? -
Answer✔General
Gregory has been bombarded with emails from a local real estate licensee. He keeps opting out
of these emails, but they just keep coming. What federal law is the licensee possibly violating? -
Answer✔CAN-SPAM Act of 2003
A prospective tenant who fails to obtain a rental from a purchased rental list is entitled to what, if
requested within 30 days? - Answer✔A full or partial refund
When is it acceptable to have non-trust funds in an escrow account? - Answer✔In order to keep
the account from being overdrawn due to banking fees
By when must sales associates and broker associates deliver escrow funds to their
broker/employer? - Answer✔Within the next business day of receipt
Which of the following is a true statement about commingling? - Answer✔It involves placing
escrow funds into a business account.
Charlene signed a lease and is required to pay advance rent. Which of the following statements is
true about advance rental money in Florida? - Answer✔The rules governing this money are the
same as the ones that govern security deposits.
Americo Realty and Heart of the Home Real Estate both charge the same commission rates. For
this to be price fixing, what must occur? - Answer✔An agreement between competing firms to
standardize commission rates
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