Chapter 2- Real Estate License Law And Qualifications Flashcards
What is the meaning of Caveat Emptor?
Buyer Beware
What is the difference between a Broker Associate and a Broker?
A Broker Associate has passed the Broker exam but chooses to work for a Broker
Which Organization approves the Sales Associate and Broker License Applications?
DBPR
What is a newly licensed person working for a broker known as?
A Sales Associate
Which of the following is correct?
The pre-licensing education requirement for a Broker is 72 hours
Which of the following is regarded as unlicensed activity?
Giving an opinion on a Title (legal matter; real estate license not required)
Which of the following are exempt from real estate licensure?
An attorney acting on his client’s behalf (not requires to have a real estate license to sell his client’s property)
A Licensee from another State may be able to get a FL license without undergoing pre-licensing education through which of the following?
Mutual Recognition
When should Fingerprints be submitted?
As soon as an application has been submitted to DBPR
What is the minimum education requirement for an applicant?
High school diploma or equivalent
