Real Estate License Law & Commission Rules. Flashcards
1
Q
How do board members of FREC get paid?
A
$50 per day they attend official meeting.
2
Q
Which dates your license will expire after two years?
A
March 31st or September 30th
3
Q
Voluntary Inactive Status
A
If licensee chooses not to engage in the real estate business.
4
Q
Involuntary Inactive Status
A
If licensee fails to renew
5
Q
Max suspension of real estate license.
A
10 years
6
Q
Group License
A
Issued to Sales Associate or Broker Associate who are registered under a owner developer.
7
Q
Multiple Licenses
A
broker who holds more than one Florida brokers license.
