Frec exam 2024 - Study guides, Class notes & Summaries

FL REAL ESTATE CHAPTER 2 Exam 2024. 1. The Florida Real Estate Commission was first created in what year? (a) 1932 (b) 1925 (c) 1923 (d) 1919 - ANSWER Your answer: B The first Florida Real Estate Commission was created in 1925 to administer and enforce the law, streamlining the process by removing the necessity for court enforcement. Reference: Chapter 2, Real Estate License Law, History of the Law 2. What is the purpose of the real estate license law? (a) To protect the public (b)...

Florida Real Estate U Final Exam Answered 2023/2024 An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities Broker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed P...

FREC 4 exam | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Patient History - Answer -S igns and Symptoms A llergies M edications P ast Medical History L ast Oral Intake E vents that led to the current Illness or Injury Signs and Symptoms of the Presenting Complaint - Answer -S ite O nset

How many members from the FREC make up the probable cause panel in a compliance process? - correct answer Two What is the maximum payout limit from the Recovery Fund if there are multiple judgements against a licensee? - correct answer $150,000 A landlord in Florida rented out his apartment to a tenant last year. A security deposit was paid to the landlord, which was kept by him in a security bond. how much interest does the landlord owe to the tenant this year? - correct answer 5% Whic...

FREC Exam Questions & Answers 2023/2024 FREC - ANSWER-in charge of establishing and enforcing real estate rules and regulations for licensees 7 - ANSWER-How many commissioners are there? govener - ANSWER-who are the appointed by? 4 years - ANSWER-how many terms Four members must be active brokers, licensed for at least five years One member is an active sales associate or broker, licensed for at least two years Two members are consumers, who have never been licensed At least on...

Chapter 475 - correct answer Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights Chapter 455 - correct answer Regulation of Businesses and Professions. Defines general practices and procedures for DBPR , including the practice of Real Estate FS 120 - correct answer Licensing and disciplinary procedures for Real Estate Licensees 61J2 FAC - correct answer Rules of the FREC Department of Business and Professional Regulat...

FL Pre-License Sales Cours (FREC Course 1) Exam Study 2023/2024 title - ANSWER-collection of rights person has in ownership of real property alienation - ANSWER-transfer By Operation of Law - ANSWER-the courts have intervened Condemnation - ANSWER-court action used when right of eminent domain is exercised Lis Pendens - ANSWER-pending litigation Opinion of Title - ANSWER-title meets all ownership needs and has no questions in its history Abstract - ANSWER-history Cloud - ...

Gold Coast Final Exam Study Guide 2024 Questions with Verified Answers What is the form you sign that says you will pay the loan back ? - CORRECT ANSWERpromissory note What is the post licensing grace period after first expiration ? - CORRECT ANSWERnone Deposits is a form of... - CORRECT ANSWER-valuable consideration Physical land and improvements - CORRECT ANSWER-real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getti...

FREC Exam Questions & Answers 2023/2024 Chapter 475 - ANSWER-Real Estate Law 1) Real Estate Brokerage 2) Appraisal 3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights Chapter 455 - ANSWER-Regulation of Businesses and Professions. Defines general practices and procedures for DBPR , including the practice of Real Estate FS 120 - ANSWER-Licensing and disciplinary procedures for Real Estate Licensees 61J2 FAC - ANSWER-Rules of the FREC Department of Business and Professio...

FREC Exam QUESTIONS AND ANSWERS (2024/2025) (VERIFIED ANSWERS)