Chapter 2- Law And Qualifications Flashcards
A sales associate’s license will be ___ if he or she does not complete required post-license education during his or her initial license period.
Void
A broker that did not complete required post-license education priori to expiration of his or her initial license period may request a __ ____ license by completing a continuing education course within ___ months
Sales associate
6 months
A broker associate acts in the capacity of a ___ ___
Broker’s agent
Residency in Florida may be claimed by anyone that is or has resided in the state for not less than ___ months within the previous 12 months
4 months
The first real estate license law in Florida was enacted in ___
1923
Upon passage of the state examination an applicant for a sales associate’s license will receive an ____ license
Inactive
Florida does not reciprocate with other states, but does have ___ ____ with some states that have educational requirements that are similar.
Mutual recognition
The post-license educational course for sales associate’s consists of ___ hours
45
The continuing education requirement consists of ___ hours
14 hours
Florida real estate sales associate’s that desire to become brokers must wait ___ ___ before taking the state examination
24 months
The notice of satisfactory completion of a pre-license course is valid for ___ ____
2 years
Owner-employers are ____ but do not receive a license
Registered
A tenant in an apartment complex may receive up to $50 for referral of a new tenant for the same complex
$50
___ ___ education must be completed during the initial sales associate’s license period
Post license
Legal authority to sign a document on behalf of another requires a ___ ___ ___
Power of attorney
A quorum to conduct certain duties of the commission requires ___ members
4
The commission’s ability to impose disciplinary actions against licensees is known as ________ power
Quasi-judicial
The rule-making authority of the FREC is called _____ power
Quasi-legislative
The FREC is composed of ___ members
7
To become effective, Rules enacted by the FREC must be filed with the ____ __ ____
Secretary of State
Members of the Florida Real Estate Commission may serve no more than ___ consecutive terms
2
Establishing educational requirements for licensees is an example of the exercise of the ____ powers of the Commission
Executive
The Real estate education and research foundation was established by a transfer of $_____ from the real estate trust fund
$3,000,000
To become a member of the Florida real estate commission, a broker must have been actively licensed in Florida for a minimum of ___ ____
2 years
The offices of the division of real estate are located in ___
Orlando
The principle office of the DBPR is located in _____
Tallahassee
The director of the division of real estate is ___ by the ____ of the ____ subject to approval by a majority of the members of the ____
Appointed
Secretary
DBPR
FREC
A licensee that fails to renew when required to do so will have his or her license placed on ___ ____
Involuntary inactive
When a licensee changes employers, he or she should request a _____ with a new employer before performing services of real estate for compensation
Reissue
A sales associate or. Rocker associate that works for an owner-developer with affiliated organizations that provide real estate services in different geographic areas should apply for a ___ license
Group
