Study guide chapter 3

Question 1

First renewal requirement:

Answer 1

Licensee must successfully complete the 45-hour post licensing class. Failure to complete the Post Licensing education Will result in a voided license. NO GRACE PERIOD.

Question 2

Injunction:

Answer 2

a Court Order (Issued only by the Court) The Department may SEEK an injunction but may not Issue an injunction.

Question 3

Executive Powers of the Commission:

Answer 3

May be exercised by the chairperson of
FREC (Florida Real estate commission)

Question 4

what is the maximum fine amount that the FREC (Commission) may impose?

Answer 4

The maximum fine amount that the FREC (Commission) may impose is $5,000 per
viola on. (pg 37)

Question 5

Disciplinary action of the commission:

Answer 5

Fine of up to $5000 per offense, Probation for up to 90 days, suspension for up to 10 years, or permanent revocation.

Question 6

what happens when you relinquish your license to the DBPR?

Answer 6

A licensed that is relinquished to the DBPR is said to be Cancelled.