Chapter 3 - Quiz Flashcards
How many members of the FREC must be active licensed brokers? Four Seven Three Two
Four
An initial license is issued in October of 2018. When must the license be renewed in order to prevent expiration? 2020-09-30 00:00:00 2021-09-30 00:00:00 2020-03-31 00:00:00 2021-03-31 00:00:00
2020-09-30 00:00:00
License first renewal dates are either March 31 or September 30, whichever is closest to the license anniversary within the 2 year renewal period in this case September 30, 2020.
After passing the Sales Associate exam when does a license become effective?
After written notice is received that the applicant passed the examination
Upon leaving the Testing Center
After signing an employment contract with a broker
When he receives his Certificate
After written notice is received that the applicant passed the examination
How many of the Members of FREC are not and never have been Brokers or Sales Associates? Four Five Two Three
Two
What is the purpose of the Department of Business and Professional Regulation? Regulation of Police Power Real Estate Licensing To act as a Consumer Protection Agency Real Estate Licensing
To act as a Consumer Protection Agency
If a Sales Associate fails to complete their 14-hours of Continuing Education before their license expires March 31, What is the status of their license on April 1? The license is null and void The license is voluntarily inactive The license is involuntarily inactive The license is revoked
The license is involuntarily inactive
Which of the following is FREC NOT required to do?
Impose Disciplinary Actions
Approve real estate education courses
Issue a Florida sales associate’s real estate license
Inspect and Audit Licensees and business practices
Issue a Florida sales associate’s real estate license
What is the Maximum fine that can be levied by FREC for any violation of 475 F.S. and 455 F.S.? $5,000 (Dollars) $1,500 (Dollars) $2,500 (Dollars) $2,000 (Dollars)
$5,000 (Dollars)
Who issues real estate licenses? The Governor The Commission The Association The Department
The Department
The Department of Business and Professional Regulations (DBPR) issues the license.
The DBPR has powers of enforcement in how many areas? Seven Six Eight Three
Three
