Chapter 2: License Law and Qualifications for Licensure Flashcards
The Florida Real Estate License Law was oficially designated Chapter ______ of the ________ _________ in 1941.
475
Florida Statutes
The FREC (Florida Real Estate Commission) lies within the Department of _________ and __________ _________, Division of ________ ________.
Business and Professional Regulation
Real Estate
Chapter 475, Part ______ deals with real estate licensees, while part ____ deals with appraisers.
I
II
An applicant for a Florida real estate license ________ required to be a resident of the state of Florida.
Is not
Members of the Florida Bar in good standing ______ required to take the 63-hour real estate sales associate prelicensing course.
are not
Members of the Florida Bar in good standing _______ required to take postlicensing requirements.
are
Once a complete application has been received by the DBPR, an applicant has _____ _______ to complete the state exam.
2 years
If an application to take the state exam is denied by the FREC, the applicant must be notified in writing and allowed _____ days to file for a hearing before an _______ _________ ________.
21
administrative law judge
An applicant must score ____ out of 100 on the state sales associate exam.
75
The sales associate state exam consists of ____ questions on real estate license law, ____ questions on real estate principles and practices, and ____ on real estate math.
45
45
10
Sales associate post-license eduacation is ______ hours.
45
Sales associate CE is _____ hours every ______ years, with the exception of the initial license period.
14
2
Broker’s post-license education is _____ hours.
60
Failing to complete the postlicense education within 2 years will cause your license to become _____ and ______.
null and void
States recognizing the similarity of the content in their education requirements is called ________ ________.
mutual recognition
Florida _______ have reciprocity with other states in regards to real estate licensing.
does not
Brokers are ________ and _______ with the DBPR, owner-employers are only ______.
licensed and registered
registered
A broker licensee who chooses to continue being employed by another broker is a ________ ________.
broker associate
Sales associates _____ apply to take a broker’s exam during their initial license period if they’ve taken the 45-hour sales associate postlicense course.
can
The broker’s prelicense course is _____ hours.
72
Applicants for a broker’s license must be an active real estate licensee in this or another state or nation for _____ _____ out of the last 5 years.
2 years
People who have a 4-year degree in real estate are _____ from the sales associate postlicense course.
exempt
A Florida real estate license is required when performing a service when all the following conditions are present:
Performing a service of real estate
In the state of Florida
For another
For compensation
True/false: Compensation can include payment expected to be received.
true
Persons acting on the behalf of another granted by a power of attorney are called ______ ______ ______.
attorneys in fact
Count appointees may provide real estate services without a license for a ______ or _______ but not a _______.
fee
salary
commission
A tenant in an apartment community can receive up to ______ as a referral fee.
$50
A person _______ sell their own property.
can
Salaried managers of apartment complexes are exempt from having a real estate license if leases are no longer than ______ _______.
1 year
Salaried employees of individuals _______ sell real estate on behalf of that individual.
can
true/false: A sales associate or broker associate can work for more than one broker at a time.
false
Florida real estate licenses either expire on _____ ______ or _____ _____.
March 31
September 30
Initial license period for a real estate sales associate is between _____ and _____ months.
18 and 24
