Chapter 2- Law And Qualifications

Question 1

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.

Answer 1

Void

Question 2

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

Answer 2

Sales associate

6 months

Question 3

A broker associate acts in the capacity of a ___ ___

Answer 3

Broker’s agent

Question 4

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

Answer 4

4 months

Question 5

The first real estate license law in Florida was enacted in ___

Answer 5

1923

Question 6

Upon passage of the state examination an applicant for a sales associate’s license will receive an ____ license

Answer 6

Inactive

Question 7

Florida does not reciprocate with other states, but does have ___ ____ with some states that have educational requirements that are similar.

Answer 7

Mutual recognition

Question 8

The post-license educational course for sales associate’s consists of ___ hours

Answer 8

45

Question 9

The continuing education requirement consists of ___ hours

Answer 9

14 hours

Question 10

Florida real estate sales associate’s that desire to become brokers must wait ___ ___ before taking the state examination

Answer 10

24 months

Question 11

The notice of satisfactory completion of a pre-license course is valid for ___ ____

Answer 11

2 years

Question 12

Owner-employers are ____ but do not receive a license

Answer 12

Registered

Question 13

A tenant in an apartment complex may receive up to $50 for referral of a new tenant for the same complex

Answer 13

$50

Question 14

___ ___ education must be completed during the initial sales associate’s license period

Answer 14

Post license

Question 15

Legal authority to sign a document on behalf of another requires a ___ ___ ___

Answer 15

Power of attorney

Question 16

A quorum to conduct certain duties of the commission requires ___ members

Answer 16

4

Question 17

The commission’s ability to impose disciplinary actions against licensees is known as ________ power

Answer 17

Quasi-judicial

Question 18

The rule-making authority of the FREC is called _____ power

Answer 18

Quasi-legislative

Question 19

The FREC is composed of ___ members

Answer 19

7

Question 20

To become effective, Rules enacted by the FREC must be filed with the ____ __ ____

Answer 20

Secretary of State

Question 21

Members of the Florida Real Estate Commission may serve no more than ___ consecutive terms

Answer 21

2

Question 22

Establishing educational requirements for licensees is an example of the exercise of the ____ powers of the Commission

Answer 22

Executive

Question 23

The Real estate education and research foundation was established by a transfer of $_____ from the real estate trust fund

Answer 23

$3,000,000

Question 24

To become a member of the Florida real estate commission, a broker must have been actively licensed in Florida for a minimum of ___ ____

Answer 24

2 years

Question 25

The offices of the division of real estate are located in ___

Answer 25

Orlando

Question 26

The principle office of the DBPR is located in _____

Answer 26

Tallahassee

Question 27

The director of the division of real estate is ___ by the ____ of the ____ subject to approval by a majority of the members of the ____

Answer 27

Appointed
Secretary
DBPR
FREC

Question 28

A licensee that fails to renew when required to do so will have his or her license placed on ___ ____

Answer 28

Involuntary inactive

Question 29

When a licensee changes employers, he or she should request a _____ with a new employer before performing services of real estate for compensation

Answer 29

Reissue

Question 30

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

Answer 30

Group