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Real Estate Associates Test > Ch 2. Real Estate License Law and Qualifications > Flashcards

Ch 2. Real Estate License Law and Qualifications Flashcards

1
Q

A fully completed application for a Florida real estate license is submitted to:

A. Florida Real Estate Commission FREC
B. Department of Business and Professional Regulation, Division of Real Estate
C. Florida Department of Law Enforcement
D. Florida Association of Realtors

A

B. Department of Business and Professional Regulation, Division of Real Estate

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2
Q

All of the following are services of real estate except:

A. Mortgaging
B. Buying
C. Renting
D. Exchanging

A

A. Mortgaging

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3
Q

What is the passing score for the final exam given for the FREC Course 1?

A. 60
B. 65
C. 70
D. 75

A

C. 70

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4
Q

An applicant must possess all of the following except:

A. Be 18 Yrs of age or older
B. Be a Florida resident
C. Have a high school diploma or equivalent
D. Possess good character

A

B. Be a Florida resident

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5
Q

What is the minimum age for being issued a Florida real estate license?

A. 18
B. 20
C. 21
D. 22

A

A. 18

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6
Q

If Carla is issued a Florida real estate license on July 22, 2010 when will her initial license expire?

A. March 31, 2012
B. July 22, 2012
C. September 30, 2012
D. December 31, 2012

A

A. March 31, 2012

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7
Q

How long is the license period for each license issued after the initial renewal period?

A. 6 months
B. 1 year
C. 2 Years
D. 4 Years

A

C. 2 Years

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8
Q

Which of the following must be submitted with the Department of Business and Professional Regulation (DBPR) application?

A. Testing fee
B. Passport style photographs
C. Application fee
D. Copy of driver’s license

A

C. Application fee

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9
Q

Shirley has failed the end of course exam for the FREC Course 1. Which of the following applies to Shirley?

A. She must repeat the entire course
B. She must retake the test within 30 days
C. She must wait at least 30 days before retaking the test
D. She is not qualified to receive a sales associate’s license

A

C. She must wait at least 30 days before retaking the test

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10
Q

Which of the following is required before an applicant can be issued a Florida real estate sales associate license?

I. Florida resident
II. U.S. citizen

A. I only
B. II only
C. both
D. neither

A

D. Neither

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11
Q

Which of the following is not a service of real estate?

A. Advertising
B. Auctioning
C. Mortgaging
D. Leasing

A

C. Mortgaging

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12
Q

What will happen if a Florida real estate licensee fails to timely complete the post-license education requirement?

A. Automatic suspension
B. Cancellation
C. Null and Void
D. Involuntary inactive

A

C. Null and Void

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13
Q

How many hours are required to complete the continuing education requirement?

A. 8
B. 14
C. 45
D. 60

A

B. 14

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14
Q

What is the experience requirement for a sales associate applying for Florida broker?

A. Must have worked as a licensed sales associate for an active real estate broker for 24 months of the receding 5 years
B. Must have worked for an active real estate broker for one year
C. Must have worked for either a broker or owner/developer for 24 months of the preceding 5 years
D. Must have held an active sales associate’s license for two years

A

A. Must have worked as a licensed sales associate for an active real estate broker for 24 months of the receding 5 years

(out of state experience working under n active broker qualifies for the 24 month requirement)

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15
Q

Which of the following statements best describes who must hold a Florida real estate license?

A. Anyone that wants to work for a broker
B. Anyone who performs any service of real estate, in the state of Florida, for someone else, and for compensation, unless they are exempt by law.
C. Anyone that wants to sell real estate
D. None of the above

A

B. Anyone who performs any service of real estate, in the state of Florida, for someone else, and for compensation, unless they are exempt by law

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16
Q

Gary holds an active Georgia sales associate license. Georgia is mutual recognition state with Florida. After moving to Tampa, Gary wants to acquire a Florida sales associate license. What steps should he take to acquire his Florida sales associate license after submitting his application?

A. Pass a 40 question test on Florida law at the state exam level.
B. Take the 72 hour pre-license course and pass the 100 question state exam
C. Take the 63 hour pre-license course and pass the 40 question state exam on Florida law
D. Take the 63 hour pre-license course and pass the 100 question state exam

A

D. Take the 63 hour pre-license course and pass the 100 question state exam

17
Q

when a criminal final judgement is withheld or not recorded in public record

A

Adjudication Withheld

18
Q

Let the buyer beware…policy evolved into a consumer protection attitude with the advent of requiring sellers and agents to disclose all known property defects.

A

Caveat Emptor

19
Q

A person that resided in Florida for at least 4 months, or a person that is residing in Florida with an intent to remain for at least 4 months.

A

Florida Resident

20
Q

A plea of no contest entered in criminal court law

A

Nolo Contendre

21
Q

Evidence that is valid and admissible on its face requiring no further proof of authenticity?

A

Prima Faccio Evidence

22
Q

What are the qualifications for a sales associate’s license?

A

18 years or older
high school diploma or equivalent
Having good character

23
Q

Division of Real Estate (DRE) has a maximum of how many days to inform the applicant if the application has been approved? How long is the application valid?

A

90 days

2 years

24
Q

What are non-resident applications required to acknowledge on their application in order to agree that Florida courts and authorities have jurisdiction over any matter relating to the license?

A

Irrevocable consent to service

25
Q

When can you begin the FREC course II Pre-license?

A

18 months after being an active sales associate under the supervision of a broker, but you have to wait at least 2 years before taking the state exam.

26
Q

What are the 8 states that Florida has entered mutual recognition with?

A 
Alabama
Connecticut
Georgia
Illinois
Mississippi
Nebraska
Arkansas
Rhode Island
27
Q

Who do you register with when you are ready to practice real estate, and what information must agents and businesses provide?

A

Register with the DRE
Name and address of each broker and sales associate, name of business and address, and name of each officer, director, partner and general partner

28
Q

What are the services of real estate?

A 
BAR SALE
Buying
Advertising
Renting
Selling
Auctioning
Leaseing
Exchanging

Real Estate Associates Test (13 decks)

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