Chapter 2

Question 1

Adjudication withheld

Answer 1

When a criminal final judgment is withheld or not recorded in public record

Question 2

Broker

Answer 2

One who is licensed by the state of Florida to carry on the business of dealing in real estate. May receive a commission for their part in bringing together parties in a real estate transaction

Question 3

Broker associate

Answer 3

An individual qualified to be issued a brokers license but who operates as a sales associate and the employee of another

Question 4

Caveat emptor

Answer 4

Let the buyer beware

Question 5

Compensation

Answer 5

Any form of remuneration, payment, or value

Question 6

Florida Resident

Answer 6

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

Question 7

A document issued by the Department of business and professional regulation, which certifies that the licensee is or was duly licensed on the effective date shown

Answer 7

License

Question 8

A plea of no contest entered in a criminal court of law

Answer 8

Nolo contendre

Question 9

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

Answer 9

Prima facie evidence

Question 10

Buy, advertising, rent, sell, auction, lease, and exchange (BAR SALE)

Answer 10

Real estate services

Question 11

Registration

Answer 11

Authorization by the state to place an applicant on the register (record) of officially recognize individuals and businesses

Question 12

Sales associate

Answer 12

A licensed individual who, for compensation, is employed by a broker or owner/developer

Question 13

The Florida real estate commission FREC was empowered to “protect the public and insured minimal competence of real estate practitioners”

Answer 13

Chapter 475

Question 14

Who regulates all licensed professionals throughout the state

Answer 14

Florida Department of business and professional regulation DBPR