Chapter 3: License Law and FREC Rules

Question 1

Cease To Be In Force

Answer 1

If a licensee fails to timely provide the DRE with any type of required notification

Question 2

Group License

Answer 2

License issued to sales associates and broker associates when there is proof that ownership or control of various properties is substantially held by the same individual(s), although the properties are owned in the name of different interlocking or affiliated entities

Question 3

Ineffective

Answer 3

When a license is suspended or ceases to be in force, cancelled, or involuntary inactive because a broker of record has been suspended or revoked

Question 4

Involuntary Inactive

Answer 4

A licensee fails to renew their license in a timely manner, or when a sales associate or broker associate are registered with a broker whose license has been suspended or revoked

Question 5

Multiple License

Answer 5

Additional license(s) issued to a broker when necessary for the conduct of brokerage business

Question 6

Null and Void

Answer 6

Applies after a license declared expired after two years of Involuntary Inactive status due to failure to renew; Also applies when a licensee fails to complete the post license education course

Question 7

Voluntary Inactive

Answer 7

When a licensee chooses not to have an active license or files the proper form with the DRE requesting inactive status

Question 8

Active

Answer 8

A sales associate license is active (also known as “active and current”) when it is registered with a broker and the licensee is not delinquent with their education or renewal requirements

Question 9

Cancelled

Answer 9

Status of a brokerage’s registration if a brokerage’s sole broker of record dies, resigns, or is otherwise removed as broker of record, and no replacement broker is designated within 14 days.

Question 10

Revoked

Answer 10

A disciplinary sanction issued by FREC that permanently prevents a licensee from performing real estate services

Question 11

Suspension

Answer 11

A disciplinary sanction issued by FREC that prevents a licensee from performing real estate services for compensation for a maximum of 10 years.

Question 12

Where is the Florida Real Estate Commission located? in:

Answer 12

Orlando

Question 13

What does a group license do?

Answer 13

Allows licensees to work for various properties owned and developed by the same individual(s), although the properties are owned in the name of different interlocking or affiliated entities

Question 14

Randy has just passed his state real estate exam. His initial license status will be:

Answer 14

Voluntary Inactive

Question 15

If Kathy’s license expired 28 months ago, what is her license status now?

Answer 15

After 24 months, it becomes Null and void

Question 16

Broker John resigned yesterday. All his associates are now:

Answer 16

Licensee’s remain Active for 14 days, after which their stats goes to Involuntary Inactive if they fail to register under another broker.

Question 17

How does a person become a member of the Florida Real Estate Commission?

Answer 17

Appointed by the Governor and confirmed by the Florida Senate

Question 18

Which of the following could cause sales associate Jim’s license to become Involuntary Inactive?

    A     Jim did not complete 14 hours of continuing 
            education before his license expiration date
B	His employing broker was suspended
C	His employing brokerage had its registration 
            cancelled
D	All of the above

Answer 18

All of the above

Question 19

If Jorge wants to be the broker of record for Hiahleh Realty, Inc. and Dade Properties, Inc. simultaneously, what type of license should he acquire?

Answer 19

Multiple License

Question 20

If a sales associate license is voluntary inactive and expires on Sept. 30th, but the licensee has not completed their 14 hours continuing education, then on October 1st their license will be declared:

Answer 20

Involuntary Inactive

Question 21

Bill works for Broker Jeff, but Broker Jeff’s license has just been suspended for a year. If no replacement broker is appointed, Bill’s license status will be considered:

Answer 21

Involuntary Inactive

Question 22

How many members of the Florida Real Estate Commission hold a real estate license?

Answer 22

5

Question 23

If a brokerage has their only broker of record resign, how many days does the brokerage have to appoint a replacement and avoid cancellation?

Answer 23

14 days

Question 24

Sales associate Donna has just moved her license to a new broker. Which of the following statements is most correct?

    A     The Division of Real Estate must be notified 
            of her change of employer within 10 days
B	The Division of Real Estate must be notified 
            of her change of employer within 60 days
C	If the Division of Real Estate is not timely 
            notified, Donna's license will be declared 
            involuntary inactive
D	If the Division of Real Estate is not timely 
            notified, Donna's license will be declared 
            cancelled

Answer 24

A The Division of Real Estate must be notified of

her change of employer within 10 days

Question 25

If Derek renews his license on September 30, 2017, and he never goes to real estate school again, how many years will it take for his license to become null and void?

Answer 25

4

Question 26

Which of the following sanctions is not within the jurisdiction of the Florida Real Estate Commission?

    A     Imprisonment
B	Revocation
C	Suspension
D	Letter of reprimand

Answer 26

Imprisonment

Question 27

If a license has been involuntary inactive for 15 months, what must the licensee do in order to reactivate their license?

Answer 27

Submit the proper renewal form, pay the appropriate fees (including late fee) and show completion of 28 hours education reactivation credit

Question 28

Which of the following is an example of the Florida Real Estate Commission’s quasi-legislative powers?

Answer 28

Make rules