Involuntarily inactive - Study guides, Class notes & Summaries

Involuntarily Inactive When the licensee fails to complete the required continuing education and thereby cannot renew their license. Multiple Licenses Under certain situations, licensees can have more than one license; A Multiple license can exist if a broker has business of such a nature that more than one broker's license is needed for legitimate business purposes and not be harmful to the public. A broker can have multiple brokers' licenses if he manages more than one brokerage fir...

Involuntarily Inactive - correct answer When the licensee fails to complete the required continuing education and thereby cannot renew their license. Multiple Licenses - correct answer Under certain situations, licensees can have more than one license; A Multiple license can exist if a broker has business of such a nature that more than one broker's license is needed for legitimate business purposes and not be harmful to the public. A broker can have multiple brokers' licenses if he manag...

vAzure Tide Real Estate Unit 3 Exam | Questions and 100% Correct Answers Azure Tide Real Estate Unit 3 Exam | Questions and 100% Correct Answers Azure Tide Real Estate Unit 3 Exam | Questions and 100% Correct Answers Active/inactive - ANSWER- Active status indicates that the licensee has fulfilled all requirements (including if a sales or broker associate having an employer on record with the DBPR )and may practice real estate. Inactive means that there is a license in place, but the licens...

Bob Hogue Unit 3 Exam DBPR Department of Business and Professional Regulation, agency charged with licensing and regulating business and professionals in Florida. Under the executive branch of the Governor, confirmed by the state senate. Active License A current, valid license registered with the DBPR. The status required to actively engage in the real estate business. Cancel A license ceases to exist, effective as of the date approved by the Commission, and does not involve discipl...

Real Estate U Final Study Guide (Chapters 1-19) 2023 COMPLETE QUESTIONS AND ANSWERS ALREADY PASSED A+ Why is there a high demand for property managers in Florida? - CORRECT ANSWER Absentee owners One qualified by education, training and experience who is hired to estimate the value of real and personal property based on experience, judgment, facts, and use of formal appraisal process is known as a/an? - CORRECT ANSWER Appraiser What is dedication? - CORRECT ANSWER Giving up priv...

Why is there a high demand for property managers in Florida? - CORRECT ANSWER Absentee owners One qualified by education, training and experience who is hired to estimate the value of real and personal property based on experience, judgment, facts, and use of formal appraisal process is known as a/an? - CORRECT ANSWER Appraiser What is dedication? - CORRECT ANSWER Giving up private land for public use An organization with at least one real estate broker acting as the agent f...

An agency relationship may be involuntarily terminated by which of the following? By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes A subagent An agency relationship may be involuntarily terminated by which of the following? Condemnation of the property Sally is a subagent working for Seller Pat. What does Sally owe to Buyer Br...

1. The Florida Real Estate Commission was first created in what year? (a) 1932 (b) 1925 (c) 1923 (d) 1919 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) To protect licensees (c) To clarify the law ...

Involuntarily Inactive - Answer When the licensee fails to complete the required continuing education and thereby cannot renew their license. Multiple Licenses - Answer Under certain situations, licensees can have more than one license; A Multiple license can exist if a broker has business of such a nature that more than one broker's license is needed for legitimate business purposes and not be harmful to the public. A broker can have multiple brokers' licenses if he manages more than one b...

A $1.5 billion agency regulating one million professionals and businesses across some 200 licensee categories in Florida is: - ANSWER-The Florida Department of Business and Professional Regulation. Who elects the Chairperson of the FREC? - ANSWER-The FREC Members What is the primary mission of FREC? - ANSWER-To protect the public Nelson just received his Florida license. Which of the following will NOT be on the license? - ANSWER-An Equal Housing Opportunity Logo Broker Norman failed...