(2)Real Estate License Law And Qualifications For Licensure Flashcards
What is the purpose of the Real Estate License Law, F.S. 475?
To protect the public.
The practice of using _____ to drive up the price of property that is being auctioned with no intention of buying is ____.
By-bidders
Illegal
To become a broker you must have been employed under one or more actively licensed broker for at least __ months as a sales associate
24
An applicant for a Florida real estate license is not required to be a resident of the state of Florida, or to be a citizen of the United States
True or False
True
If an application to take the state exam is denied by the department, how many days does an applicant have to request a formal hearing?
21
An individual or entity who is in the business of buying, owning, and/or developing real estate
Do they need a real estate liscense?
Owner Developer
No, but must register with the department
A sales associate or broker associate cannot receive compensation for performing real estate services from anyone other than his or her employing broker
True or False
True
The post-license educational course for a sales associate consists of __ hours, and for a broker __ hours
45
60
What does the registration of an active sales associate with the Department refer to
Placing and keeping on record the sales associate’s name, home address, and business address of his or her employing broker
What must an applicant for a real estate license do if he or she has been convicted of crime
The applicant must disclose all convictions on the application
What does not appear on a Florida real estate license?
The signature of the governor
Leasing requires a real estate license
True or False
False
