License Law and Qualifications for Licensure

To qualify as a registered real estate company, a minimum of how many people & what do they need to operate the company?

one active person must have an active licensed Florida real estate broker.

Florida Real Estate License Law mandates that anyone in Florida who performs real estate activities for another for compensation, or valuable consideration, will need a…?

real Estate License.

real property will not include a _____ or a ____, nor does it include the rental of a _________.

cemetery lot, right of burial, mobile home lot

It remains unlawful in Florida to pay a fee to an _____ person for any reason.

unlicensed

Who is exempt from real estate licensure?

An attorney acting their client's behalf.

Which Organization approves the Sales Associate and Broker License Applications?

DBPR.

The pre-licensing education requirement for a Broker is ___ hours.

72

Attending another Sales Associate's Open House is regarded as ________ activity.

unlicensed

A Licensee from another State may be able to get a FL license without undergoing pre-licensing education through…?

Mutual Recognition

The definition of promulgates is…?

To announce publically.

the Florida Real Estate Commission requires that two of their _____ members have no history at all as a real estate broker or sales associate. Those two members would be consumer members who are meant to represent the interests of other consumers rather than real estate workers themselves.

seven

Under Chapter 475 of the Florida Statutes, how does the state legally define a Florida resident for real estate licensing purposes?

any person who has resided in florida for 4 or more months.

An applicant who qualifies for a Florida real estate license through mutual recognition must still complete which of the following requirements?

pass a 40 question multiple choice florida-specific real estate law examination.

When submitting an application for a real estate license, which of the following background details must an applicant disclose?

a prior conviction or plead of nolo contendere even if adjunction was withheld.

Definition of Adjunction Withheld?

When judge accepts a guilty or no-contest plea & finds a defendant responsible, but chooses not to convict them.

Which of the following individuals is explicitly exempt from holding a real estate license under Chapter 475?

A salaried employee of an owner-developer who sells real estate without receiving commission compensation.

A sales associate wants to become a broker. Besides completing the 72-hour broker course, the applicant must have held an active real estate license and worked as a sales associate for…?

at least 24 month within 5 years.

Before the first renewal of a Florida sales associate license, the licensee must complete 45 hours of post-license education. A licensee who fails to complete it by the deadline finds that the license becomes…?

null and void, requiring the person to qualify all over again.

After the first renewal, how many hours of continuing education must a Florida licensee complete for each two-year renewal period?

14 hours

A Florida real estate license has remained involuntarily inactive for more than 2 years. Unless a narrow statutory reinstatement provision applies, the license automatically…?

expires and becomes null and void.

How many of the Members of FREC are not and never have been Brokers or Sales Associates?

two

How many members of the FREC must be active licensed brokers?

four

Which of the following is FREC NOT required to do?

Issue a Florida sales associate's real estate license.

The DBPR has powers of enforcement in how many areas?

three

What is the Maximum fine that can be levied by FREC for any violation of 475 F.S. and 455 F.S.?

$5,000

A Florida sales associate has voluntarily placed their license on inactive status while pursuing other career opportunities. As a voluntary inactive licensee, this person:

can’t perform any act of real estate brokerage that requires a license.