Chapter 2 Flashcards
When must the sales associate’s post-license be completed?
A) Every two years before every renewal time
B) Before the first license renewal
C) During the two years of the first licensing
D) After obtaining the 14-hour continuing education course
B - before the first license renewal
A post-license course for sales associates is required during the first licensee period. The course is 45 classroom hours and it must be completed within the first license period, before the license expires.
A person owns her own company, specializing in negotiating sales of property for buyers and sellers. She does not take listings or show property. Does she need a real estate license to do this?
A) She does not need a license because she owns the company.
B) She does not need a license because she was not selling property.
C) She needs a license because she owns her own company.
D) She needs a license because she negotiates sales between buyers and sellers.
D - she needs a license because she negotiates sales between buyers and sellers
Anyone who negotiates sales between buyers and sellers needs a license.
For her first renewal, Broker Marie mistakenly took 14 hours of continuing education instead of the broker post license course. Marie:
A) must ask for an emergency thirty day extension to complete the post license course.
B) can no longer work as a broker because her license is null and void.
C) can ask for a waiver to use the CE courses for her renewal and complete the post license course on her next renewal.
D) must pay a $200 fine and complete the post license course on her next renewal.
B - can no longer work as a broker because her license is null and void.
Janice did not answer truthfully on the background page of her application for licensure. When the Department found the discrepancy, she was asked about it and she did not tell the truth again. What will likely happen to her application?
A) The application will be filed as pending.
B) Nothing will happen. The Division cannot handle this without a lawsuit.
C) The application may be denied and she may be subject to subsequent disciplinary action.
D) None of the above.
C - The application may be denied and she may be subject to subsequent disciplinary action.
Joe is an appraisal graduate student at a state university. He is sent to appraise Farmer Tom’s property. Because it is such a good property, Joe asks Tom to list the property for sale. Does Joe need a real estate license?
A) No. Because Joe is a graduate student at a state university he is exempt from having a license.
B) No. Joe is just doing appraisal work and helping the farmer out.
C) Yes. He needs a license because all appraisal students need license.
D) Yes. He needs a license because he wants to list the property, not just appraise it.
D - Yes. He needs a license because he wants to list the property, not just appraise it.
A resort manager leases condominiums to out-of-town guests for several months at a time. The resort is licensed under 509 FS. He advertised the condos in a magazine with national exposure. Does this manager need a Florida real estate license?
A) No. A manager is an employee of a resort company licensed under 509 FS.
B) No. The manager only leases and advertises; he does not sell or list.
C) Yes. He represents others in leasing for a fee.
D) Yes. Managers are not exempt from real estate license law in Florida.
A - No. A manager is an employee of a resort company licensed under 509 FS.
Jane is a college graduate with a four-year degree in real estate. She has a sales associate’s license and seeks to renew the license for the second time. What must she do?
A) She must take a sales associate’s post-license course.
B) She does not have to take 14 hours of continued education because of her degree in real estate.
C) She must fill out the form and pay the appropriate fee.
D) She must take 14 hours of continued education. She must fill out the form, pay the fee, and return it before the expiration date.
D - She must take 14 hours of continued education. She must fill out the form, pay the fee, and return it before the expiration date.
A $1.5 billion agency regulating one million professionals and businesses across some 200 licensee categories in Florida is:
A) the Florida Department of Agriculture.
B) the Florida Department of Business and Professional Regulation.
C) the Florida Real Estate Commission.
D) the Florida Department of State.
B - the Florida Department of Business and Professional Regulation.
Which activity would require a real estate license?
A) A trustee selling property for the estate of a deceased brother
B) An on-site, employee/manager who takes leases of up to one-year
C) An owner selling his own property
D) An attorney, managing a real estate brokerage office
D - An attorney, managing a real estate brokerage office
