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Florida Real Estate Sales Associate License > Chapter 3: License Law and Commission Rules > Flashcards

Chapter 3: License Law and Commission Rules Flashcards

1
Q

Condo rentals in Florida are regulated by the Division of _____ within the DBPR.

A

Florida Condominiums, Timeshares, and Mobile Homes

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2
Q

Florida residential home sales are regulated by the Division of _____ within the DBPR.

A

Real Estate

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3
Q

The DBPR offices are located in ______.

A

Tallahassee

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4
Q

DRE stands for _____.

A

Division of Real Estate

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5
Q

The DRE offices are located in _____.

A

Orlando

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6
Q

The seven members of FREC are appointed by the _____ and confirmed by the _____.

A

Governor

Senate

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7
Q

_____ member(s) of the FREC must be actively licensed real estate brokers for at least 5 years.

A

4

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8
Q

_____ member(s) of the FREC may be an actively licensed broker or sales associate.

A

1

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9
Q

_____ member(s) of the FREC must be lay.

A

2

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10
Q

FREC members are appointed for a _____ term.

A

4 year

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11
Q

FREC members receive an allowance of _____ per day plus expenses.

A

$50

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12
Q

FREC meets at least once every _____.

A

month

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13
Q

A quorum is a _____ of members.

A

majority

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14
Q

The power of the FREC to investigate complaints against licensees is an example of their _____ powers.

A

executive

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15
Q

The powers of the FREC to make and pass rules regarding licensees is an example of their _____ powers.

A

quasi-legislative

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16
Q

The power of the FREC to deny applications, reprimand, or suspend licensees is an example of their _____ powers.

A

quasi-judicial

17
Q

Since the FREC has no staff, ministerial duties are performed by the _____.

A

DRE

18
Q

Licensees may be fined up to _____ per offense.

A

$5,000

19
Q

Licenses of licensees can be suspended up to ______ years.

A

10

20
Q

true/false: The Commission is required to report any violation of law to the State Attorney General’s office for possible prosecution.

A

true

21
Q

An applicant’s _____ is the first license recieved in the category in which they’re qualified.

A

initial issue

22
Q

Upon passing the exam, an applicant receives _____ license status.

A

inactive

23
Q

Renewals are effective when _____ by the Department.

A

received

24
Q

A licensee who choses not to be employed by a broker will be _____ _____ .

A

voluntarily inactive

25
Q

A voluntarily inactive license status can be maintained for a period of _____.

A

forever

26
Q

true/false: An inactive licensee must maintain license fees and CE courses.

A

true

27
Q

Licensees who do not request renewal, do not pay necessary fees, or do not maintain CE requirements will automatically be placed in _____ status.

A

involuntarily inactive

28
Q

Involuntarily inactive licensees can maintain that license status for no more than _____.

A

2 years

29
Q

Months 13-24 after becoming involutarily inactive require a _____ and _____ before becoming active again.

A

28-hour reactivation course

additional fee

30
Q

When a broker’s license is suspended, all other broker associates and sales associates licenses underneath them become _____.

A

inactive

31
Q

Licensees _____ turn in their license if they no longer want to practice real estate.

A

can

32
Q

One umbrella corporation has many smaller companies. A sales associate is registered to sell properties for all of those companies. This is called a _____ license.

A

group

33
Q

true/false: Brokers can be issued multiple licenses if they are broker of record for multiple offices.

A

true

34
Q

Real estate schools must have permits for each _____ and each _____.

A

location

instructor

35
Q

The FREC Education and Research Foundation was founded in 1986 by a transfer of _____ from the Real Estate Trust Fund.

A

$3,000,000

Florida Real Estate Sales Associate License (20 decks)

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