Chapter 2

Question 1

Who may qualify for a brokers license?

Answer 1

Actively licensed real estate associates from another state or nation Who have been licensed for at least 24 months during the preceding five years.

Question 2

An applicant for a brokers license may choose to continue employment in a sales associate capacity with a current employer subject to passing The state broker examination. ______ is qualified to receive a brokers licensebut chooses to be employed under the direction of A licensed broker or developer. In this capacity the broker associate ask as a sales associate after passing the broker exam.

Answer 2

Broker associate

Question 3

What is mutual recognition?

Answer 3

The state of Florida has entered into contractual agreements with other states that recognize The similarity in real estate licensing requirements.

Question 4

An applicant for a Florida real estate license is_____ required to be a resident or _______of the United States

Answer 4

Not

Citizen

Question 5

Where must a sales associate turn in a completed license application?

Answer 5

DBPR RE1

Question 6

How much is the fee for a sales associate applicant?

Answer 6

$89

Question 7

In 1991 FS 475 was revised by the creation of:

Answer 7

Part one and part two of the law

Question 8

Documentation must be provided not putting the background issues listed on the application if applicable. Criminal convictions must be disclosed.

Answer 8

Supporting Legal documentation

Question 9

If the application for the state exam is denied the applicant must:

Answer 9

The applicant will be notified in writing. The notification will state reason for denial. The applicant has 21 days from the date of receipt to request a formal hearing. Administrative Procedures Act

Question 10

Actively licensed Florida attorneys who are in good standing with the bar and are qualified under the real estate license law are:

Answer 10

Exempt from taking the 63 our pre-license course and final exam

Question 11

A sales associate who wishes to become a licensed broker must complete:

Answer 11

The 63 pre-license course and final exam

Question 12

A sales associate can only work for one broker at a time true or false?

Answer 12

True

Question 13

The owner developer is registered with the department but Reesie’s no real estate license. True or false?

Answer 13

True

Question 14

Owner developer may hire my license sales person so long as he:

Answer 14

Pays them a Salary

Question 15

If the owner developer pays a transactional fee or commission then he must hire:

Answer 15

License sales associates or broker associate

Question 16

A sales associate who wishes to be licensed as a broker must:

Answer 16

Must complete FREC ll : 72 classroom hours and final exam

Question 17

A sales associate first renewal:

Answer 17

Must complete 45 hours post license course prior to expiration of initial license.

Question 18

The license of a sales associate who fails to complete post license requirement the license will:

Answer 18

Become void. They are out of business.

Question 19

If the CE requirement is not met the licensee:

Answer 19

Status will be changed to voluntary inactive.

Question 20

CE instruction may be completed by:

Answer 20

Classroom instruction: no test required or

Distance learning: 30 question exam 80% or higher

Question 21

Who are people who are exempt from licensing?

Answer 21

Attorneys in fact- persons who have been granted power of attorney.
Attorney at law:
CPA
Court appointees
Salaried employees