Quiz 3 Real Estate License Law and Commission Rules Flashcards
Who elects the Chairperson of the FREC?
A The Senate
B) The Secretary of the Department
C) The Executive Director of the Division
D) The FREC members
D) The FREC members
What is the purpose of the Department of Business and Professional Regulation?
A) Real estate licensing
B) Police power regulation
C) Consumer protection
D) Law promulgation
C) Consumer protection
The Department of Business and Professional Regulation has \_\_\_ areas for enforcement. A) three B) six C) seven D) four
A) three
FREC Members are paid
A) a monthly salary for their work.
B) an hourly fee for each day’s meeting.
C) a per diem fee and mileage for any days they meet.
D) nothing since this is a voluntary position.
C) a per diem fee and mileage for any days they meet.
The FREC has an obligation to perform all EXCEPT
A) issue a Florida sales associate’s real estate license.
B) sponsor and approve real estate educational courses.
C) inspect and audit licensees and their business practices.
D) decide on questions of practice for licensees.
A) issue a Florida sales associate’s real estate license.
Joe submitted his application to take the sales associate’s examination. He passed the test. When is his license effective?
A) When he has signed an employment contract with his broker
B) Immediately after taking the test
C) When the division receives the report from the testing service
D) After he receives written notice that he passed the examination
D) After he receives written notice that he passed the examination
A sales associate failed to complete her continuing education and renew her license on September 30. What will the status of the license be on October 1st?
A) The license is null and void.
B) The license is involuntarily inactive.
C) The license is voluntarily inactive.
D) The license is revoked.
B) The license is involuntarily inactive.
How many members of the FREC must be licensed brokers? A) Seven B) Two C) Four D) Three
C) Four
Who issues real estate licenses? A) The Commission B) The Division C) The Department D) The Governor
C) The Department
Membership on the FREC is obtained by
A) appointment by the Secretary of the Department, subject to approval by the Governor.
B) appointment by the Governor, subject to confirmation by the Senate.
C) election by the Senate and confirmation by the Governor.
D) appointment by the Division, subject to confirmation by the Department.
B) appointment by the Governor, subject to confirmation by the Senate.
The Department of Business and Professional Regulation is a
A) Department under the Florida Real Estate Commission
B) Part of the Executive branch of Florida State Government
C) Integral office under the legislature
D) A state-sponsored office that licenses real estate professionals only
B) Part of the Executive branch of Florida State Government
Juan is newly licensed and his license expires on March 31st, 2023. He has not completed his post-licensure education. What will happen to his license if he fails to successfully complete his education by Midnight on March 31st?
A) His license becomes involuntary inactive
B) His license becomes null and void
C) He will need to complete post-licensing before 24 months
D) He must complete 14 hours of continuing education before that date
B) His license becomes null and void
The Division that has the power and duty to enforce and ensure compliance with the provisions of The Condominium Act, The Cooperative Act, The Florida Mobile Home Act, The Florida Vacation Plan and Timesharing Act, The Yacht and Ship Brokers Act, and provides a mediation and arbitration program for homeowners’ associations is
A) the Division of Business and Professional Regulation.
B) the Division of Florida Land Sales, Condominiums and Mobile Homes.
C) the Division of the Florida Real Estate Commission.
D) the Division of the National Association of REALTORS®.
B) the Division of Florida Land Sales, Condominiums and Mobile Homes.
