Section 2

Question 1

instead of actually having been found guilty by a judge, a person is put on probation.

Answer 1

adjudication withheld

Question 2

may work as independent real estate agents and may have other agents working for them

Answer 2

broker

Question 3

a person who has continued his or her education past the real estate agent level

Answer 3

broker

Question 4

qualifies for licensure as a broker, however, chooses to work under the direction of a broker.

Answer 4

broker associate

Question 5

Refers to the time prior to licensing laws when all risk and responsibility was on the buyer, known as “Let the buyer beware.”

Answer 5

caveat emptor

Question 6

Chapter of Florida Statutes that covers the procedural process for all governmental agencies in Florida

Answer 6

chapter 120

Question 7

Chapter of Florida Statutes that Governs real estate brokers, sales associates, and schools.

Answer 7

chapter 475

Question 8

includes monetary compensation as well as valuable consideration, which includes benefits other than cash or tangible goods.

Answer 8

compensation

Question 9

A person who has resided in Florida continuously for a period of four calendar months or more within the preceding year is considered to be a Florida Resident.

Answer 9

Florida resident

Question 10

made up of 7 members: 4 brokers, 1 broker OR associate with 2 proceeding years’ experience, 2 unlicensed members

Answer 10

Florida Real Estate Commission (FREC)

Question 11

created in order to implement, interpret,and enforce the provisions of Chapter 475.

Answer 11

Florida Real Estate Commission (FREC)

Question 12

generally issued at the state level and is a mandatory credentialing process that allows an individual to legally perform certain skills.

Answer 12

License

Question 13

indicates that a person whose name is listed on an official record or register has met certain requirements in their particular profession.

Answer 13

Registration

Question 14

a Latin term meaning “I will not contest” the charges, which is a plea made by a defendant to a criminal charge, allowing the judge to then find him/her guilty. It has the same effect as a plea of guilty.

Answer 14

nolo contendere / no contest

Question 15

Latin meaning “at first sight”; on the first appearance; on the face of it; so far as can be judged from the first disclosure; presumably.

Answer 15

prima facie evidence

Question 16

Buying, Selling, Auctioning, Exchanging, Renting, Leasing, Appraising property or business as a non-appraiser (BPO).

Answer 16

real estate services

Question 17

licensed and registered by the DBPR to work under the direction of a broker.

Answer 17

sales associate

Question 18

employed by the broker and receive compensation from the broker

Answer 18

sales associate

Question 19

record hidden from the public by designating it as non-public.

Answer 19

sealed record

Question 20

record physically removed so that the record no longer exists.

Answer 20

expunged record