Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Real Estate exam > Chapter 6 > Flashcards

Chapter 6 Flashcards

1
Q

The licensee charged in a DBPR complaint is made public when?

  • 20 days after the formal hearing
  • Immediately, when the DBPR feels the complaint is legally sufficient
  • At the conclusion of the Recommended Order
  • 10 days after probable cause is found to exist
A

10 days after probable cause is found to exist

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

When a licensee is being served with the Final Order of the FREC, how many days does he have to file an appeal with the District Court?

  • 15 days
  • 20 days
  • 30 days
  • 90 days
A

30 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

_______________________________provides independent Administrative Law Judges to conduct hearings pursuant to Florida Statutes, pursuant to other law, and under contract with governmental entities.

  • The Division of Administrative Hearings (DOAH)
  • The Division of Real Estate in Florida
  • The Division of Housing and Urban Development
  • The Division of Florida Statutes and Laws
A

The Division of Administrative Hearings

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Why is a summary suspension order given?

  • Because a broker suspects a sales associate of fraudulent acts
  • Because the FREC feels that a broker has committed a minor violation
  • Because the Division feels that a broker has committed a first time offense
  • Because the Department feels that there is an immediate danger to public health, safety, and welfare
A

Because the Department feels that there is an immediate danger to public health, safety, and welfare

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

The Real Estate Recovery fund is financed through money received from administrative fines and surcharges on new and renewing licenses. What is the dollar amount accumulated in the fund where surcharges are no longer levied on licenses?

  • $500,000
  • $750,000
  • $1,000,000
  • $1,500,000
A

$1,000,000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

The probable cause panel

  • Holds an investigation and issues punishment to the subject of the investigation.
  • Holds an investigation and issues the Final Order.
  • Holds an investigation, and, if probable cause is found to exist, will direct the Department to file a formal complaint against the subject of the investigation.
  • Holds an investigation and issues a citation.
A

Holds an investigation, and, if probable cause is found to exist, will direct the Department to file a formal complaint against the subject of the investigation.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

A licensee is sued for damages and payment is made from the real estate recovery fund. The licensee in this case

  • must sell a lot of homes to reimburse the fund.
  • is suspended from real estate practice until he reimburses the fund, in full.
  • pays into the fund so he doesn’t need to do anything.
  • can only receive money from the fund if he is a broker.
A

is suspended from real estate practice until he reimburses the fund, in full.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What Florida agency is responsible for investigating real estate complaints?

  • FREC
  • The Governor’s office
  • DBPR
  • DAH
A

DBPR

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

A licensee has been issued a Final Order of the FREC, suspending his license. How long a time period is the maximum a suspension can last?

  • The maximum is 90 days.
  • The maximum is 10 years.
  • There is no maximum; the FREC sets the maximum time.
  • The maximum time is set by the Department.
A

The maximum is 10 years.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

The Department receives an unsigned complaint. What can the Department do?

  • Ignore the complaint since it is unsigned.
  • Investigate the complaint if the Department wishes.
  • It is against the law for the Department to investigate complaints that are not notarized.
  • All complaints must be investigated.
A

Investigate the complaint if the Department wishes.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

The __________ administers and enforces the real estate license law, Chapter 475, Part I, Florida Statutes.

  • HUD
  • RESPA
  • FREC
  • FNMA
A

FREC

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

The administrative law judge has issued a Recommended Order. How many days will a party to the hearing have to file an exception to the Recommended Order?

  • 5 days
  • 15 days
  • 40 days
  • 60 days
A

15 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Suspension of a license can last up to

  • 10 years.
  • 6 months.
  • 2 years.
  • 15 years.
A

10 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

If Joe violated a rule under Chapter 475 F.S. and this is his first offense, what is the period of time of probation he could receive, unless otherwise stated by the Commission?

  • 30 days
  • 90 days
  • 120 days
  • 10 years
A

90 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Real Estate exam (16 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions