Unit 3: Real Estate License Law and Commission Rules Flashcards
An individual on active duty with the U.S. Navy who is not engaged in real estate brokerage activity in the private sector for profit has what period of time after discharge from active duty to renew a real estate license?
A) 6 months
B) 24 months
C) 3 months
D) 12 months
The answer is 24 months. A licensee in good standing who is a member of the U.S. armed forces is exempt from the renewal provisions during active duty and for a period of 24 months after discharge from active duty. The armed forces exemption applies, provided the licensee is not engaged in real estate brokerage activity in the private sector for profit.
A sales associate is in his third license renewal cycle. The licensee neglected to renew his license before the expiration date seven months ago. Which statement applies to this situation?
A) The sales associate must reapply for licensure.
B) The licensee must complete 14 hours of continuing
education.
C) The sales associate is required to complete 28
hours of a Commission-prescribed education
course.
D) The license is in voluntary inactive status.
The answer the licensee must complete 14 hours of continuing education. When a licensee has been in involuntary inactive status for 12 months or less, the licensee may satisfy the education requirement by completing 14 hours of FREC-approved continuing education.
How many Florida Real Estate Commission members may be licensed as real estate sales associates?
A) Three
B) One
C) Four
D) Two
The answer is one. Four members must be licensed as brokers and two members must be consumer members. The seventh member may be either a licensed broker or a sales associate who has held an active license during the two years preceding appointment.
The FREC’s power to determine license law violations is an exercise of which type of power?
A) Quasi-judicial
B) Executive
C) Quasi-legislative
D) Civil
The answer is quasi-judicial. Quasi-judicial responsibilities include the power to grant or deny license applications, to determine license law violations, and to administer penalties.
Which power is NOT given to the Florida Real Estate Commission?
A) Making determinations of violations
B) Imposing jail sentences
C) Promulgating rules and regulations
D) Adopting a seal
The answer is imposing jail sentences. Jail time must be imposed by a criminal court. The FREC is empowered to make determinations of license law violations and impose administrative penalties.
What is the maximum number of consecutive years a commissioner may serve on the Florida Real Estate Commission?
A) Six
B) Two
C) Eight
D) Four
The answer is eight. A commissioner may not serve more than two consecutive four-year terms.
After what period of time does an involuntary inactive license automatically expire and become null and void?
A) Five years
B) One year
C) Two years
D) Four years
The answer is two years. When a license is in involuntary inactive status for more than two years, the license automatically expires, and it becomes null and void.
A brokerage office changes business address. What action must the broker take?
A) Within 10 days of moving, inform the DBPR in writing
of the change in business address.
B) File a new application for licensure.
C) Submit a request to renew the real estate license.
D) Notify the FREC within 60 days of the change in
residency.
The answer is within 10 days of moving, inform the DBPR in writing of the change in business address. No new brokerage business may be conducted until the new business location is registered with the DBPR.
Which task must a sales associate complete before the expiration of the initial sales associate license?
A) Submit a real estate activity log
B) Complete the 14-hour continuing education course
C) Pay a one-time new license education fee
D) Complete the 45-hour post-license education
course
The answer is complete the 45-hour post-license education course. Sales associates must complete 45 hours of post-license education before the first renewal of their initial license.
The Commission’s authority to regulate and enforce the license law is which type of power?
A) Executive
B) Quasi-judicial
C) Civil
D) Quasi-legislative
The answer is executive. The executive powers to regulate and enforce the license law are delegated to the Commission by the Florida Legislature.
A licensed broker is the broker for two independent real estate brokerages. Which statement applies to this situation?
A) The broker licensee may only be the broker for one
Florida real estate company.
B) The broker must register as a broker associate for
one of the real estate companies.
C) The broker must request and be issued multiple
broker licenses—one for each brokerage company.
D) The broker must request and be issued a group
license.
The answer is the broker must request and be issued multiple broker licenses—one for each brokerage company. Multiple licenses are issued to brokers who qualify as the broker for more than one business entity. A broker who holds more than one Florida broker license is said to hold multiple licenses.
The director of the Division of Real Estate is appointed by the
A) Florida Real Estate Commission chairperson.
B) Florida Senate.
C) governor.
D) secretary of the Department of Business and
Professional Regulation.
The answer is secretary of the Department of Business and Professional Regulation. The director of the DRE is appointed by the secretary of the DBPR, subject to approval by majority vote of the FREC.
