Section 2: License Law and Administration

Question 1

Active license

Answer 1

Status that is required to engage in real estate services. Sales associates achieve status by finding an employer and registering with the DBPR under the employing broker or owner-developer.

Question 2

Address of record

Answer 2

The licensee’s current mailing address or email address to which the DBPR sends official communication

Question 3

Canceled

Answer 3

means to become void without disciplinary action

Question 4

Cease to be in force

Answer 4

(or cease to be in effect) means that when certain events occur, such as a broker changing a business address, the licensee cannot conduct business until the DBPR receives notification of the change

Question 5

Current mailing address

Answer 5

The current residential address a licensee uses to receive mail through the U.S. Postal Service

Question 6

Executive

Answer 6

Powers of the Florida Real Estate Commission include the power to regulate and enforce license law

Question 7

Group license

Answer 7

Issued to a sales associate or broker associate employed by an owner developer (real estate developer) who owns properties in the name of various entities and entitles the licensee to work for the separate sales projects owned by the owner-developer

Question 8

Ineffective

Answer 8

refers to a license that exists, but the licensee cannot use it because it is either inactive or has been suspended

Question 9

Involuntary inactive

Answer 9

results when a license is not renewed at the end of the license period

Question 10

Ministerial duties

Answer 10

Duties of the Division of Real Estate that involve recordkieeping

Question 11

Multiple Licenses

Answer 11

refers to when a broker holds more than one broker’s license

Question 12

Promulgate

Answer 12

means to enact and publish rules

Question 13

Quasi-Judicual

Answer 13

Powers of the FREC include the power to grant or deny license applications, to determine license law violations, and to administer penalties

Question 14

Quasi-legislative

Answer 14

powers of the FREC include the power to enact administrative rules and regulations and to interpret questions regarding the practice of real estate

Question 15

Void

Answer 15

means to no longer exist

Question 16

Voluntary inactive

Answer 16

results when a licensee has applied to the DBPR to be placed on inactive status

Question 17

Who are the 7 Florida Real Estate Commissioners of FREC

Answer 17

• 4 real estate brokers with active licenses for the last 5 years preceding
• 1 real estate broker or sales associate with an active license for the last 2 years preceding
• 2 consumer members who have never been real estate brokers or sales associates`

Question 18

Requirements of FREC appointees

Answer 18

• Appointed by the governor, confirmed by the senate
• Appointed to 4 year staggered-terms
• May NOT server more than 2 consecutive terms
• Paid $50 per day per diem
• At least one of the 7 members must be 60 years or older

Question 19

FREC powers

Answer 19

• Executive power to regulate and envorce license law
• Quasi-legislative power to enact and revise administrative rules
• Quasi-judicial power to grant or deny applications and administer penalties

Question 20

What is the DBPR?

Answer 20

• Department of Business and Professional Regulation

- Under the executive branch of the governor

Question 21

What is the DRE

Answer 21

Division of Real Estate

- The Director of the DRE is appointed by the Secretary of the DBPR, subject to FREC approval

Question 22

How long to Licensees have to notify the DBPR of a change in address?

Answer 22

10 days

Question 23

What is the initial effective date?

Answer 23

The date the applicant has passed the license exam.

Question 24

How many days does a sales associate, broker associate, or instructor have to notify the FREC of a change of employer?

Answer 24

10 days

Question 25

Active Status

Answer 25

Required to operate as a licensee

Question 26

When do real estate licenses expire?

Answer 26

2 years after the passing of a license exam

- All licenses expire on either March 31st or September 30th

Question 27

How long does the US Armed Forces exemption last?

Answer 27

While the licensee is on active duty AND 6 months after.

- Also applies to the spouse when they are out of state IF the spouse is licensed.