Term
| A licensed sales associate may operate |
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Definition
| for the broker registered as the sales associates employer |
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Term
| A sales associates applicant is not required to comply with which requirement? |
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Definition
| Be a bona fide Florida Resident |
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Term
| Which person does NOT meet the experience requirements to obtain a Florida brokers License? |
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Definition
| An applicant who has held an active Florida sale associates license during two of the proceeding five years while employed by an owner-developer |
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Term
| Which statement does NOT describe the intent of the Florida Legislature concerning regulation of professional and licensed occupations to protect the public |
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Definition
| Whenever deemed appropriate by the Legislature |
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Term
| A Sales associate applicant is NOT required to disclose which information on the license applicant |
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Definition
| Proof of U.S. Citizenship |
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Term
| A Sales Associate sells real estate for a real estate brokerage company. He also works as a sales associate for another real estate brokerage company |
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Definition
| The sales associate is in violation of F.S. 475. |
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Term
What is the latin term for "No Contest"?
Hint:N.C. |
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Definition
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Term
A Woman helped her father sell some property he owned. The daughter is not a Real estate Licensee. Father was grateful and she denied any compensation
Which statement is true? |
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Definition
| This was a legal arrangement because the daughter did not receive compensation for performing real estate services. |
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Term
| Which event may cause the FREC to refuse to certify an individual as qualified for licensure? |
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Definition
| Convicted of Fraud in an Insurance Scam |
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Term
| To receive a notice of satisfactory completion of course I or course II, a student may NOT Miss more than |
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Definition
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Term
| A Woman received her Florida sales associate's license last year. Which requirement must she complete to become a licensed real estate broker |
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Definition
| Successfully complete the 45 hour post licensing course |
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Term
| A man has a North Carolina Brokers license, but he is not licensed in Florida. He sells a parcel of land he owns in Florida. Assuming all else is proper, this is a legal transaction because? |
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Definition
| Florida law exempts from licensure individual owners selling their own property |
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Term
| A sales associate applicant who has submitted a correctly completed application for the state license examination and who successfully passes the state exam may legally begin to operate as a licensee when the.....? |
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Definition
| Applicant is notified of having passed the state exam, has filed the appropriate form to become registered as active with the DBPR, and theDBPR website indicates the applicant's license status is active. |
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Term
| If the post licensing requirments is not fulfilled before the first renewel and a sales associate licensee wishes to continue in real estate business, the licensee |
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Definition
| Must REQAULIFY for Licensure |
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Term
| Services of Real Estate do NOT include |
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Definition
| Selling cemetery lots for compensation |
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Term
| Which Statement BEST Describes Who must be licensed to practice real estate in florida? |
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Definition
| Anyone who performs any of the services of real estate for another for compensation, unless specifically exempted by law. |
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Term
| Which individual is NOT exempt from licensure under F.S. 475.? |
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Definition
| An employee of the real estate developer, who receives a salary plus bonuses based on sale quotas |
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Term
| A salaried individual manages a condominium building and rents units 3month to 6month periods. The Manager |
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Definition
| Is exempt from licensure under F.S. 475. |
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Term
A developer purchased a tract of land and subdivided the property into Individual lots. He hires his son but he is NOT license to sell lots.Father offers son a salary of $200 per week. Son doesn't sell many plots so father offers incentives. Son finally goes to work for someone else because the pay was higher.
Which statement applies to this arrangement? |
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Definition
| Both the father & son have violated F.S. 475. |
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Term
| FBI Files reveal that six months ago a man worked as a real estate broker in georgia, Where he was charged with arso related to a large insurance claim. he agrees to revocation of his license and enters plea of Nolo Contendere. He later attempts to apply by completing the academic part and background check. FREC Will probably decide that |
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Definition
| The man is not qualified for licensure. |
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Term
| A developer acquires a tract of land that he divides into 25 homesites. Before marketing the homesites the developer must submit the subdivision plat to the |
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Definition
| Local Government planning agency |
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Term
| The Term follow up refers to |
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Definition
| What a sales associate does for buyers and sellers after the sale |
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Term
| Even though certain exemptions apply an active real estae licensee is legally entitled to appraise real property for compensation concerning a nonfederally related transaction |
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Definition
| As long as she does not represent herself as a state certified or license appraiser, and complys with the USPAP |
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Term
| The field of property management has experience growth and specialization primarily because of |
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Definition
| the increase in the number of absantee owners |
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Term
| Real estate licensee must comply with the Uniform Standards of Professional Appraisal (USPAP) When conducting which value estimates? |
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Definition
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Term
| Appraisers are paid a fee because |
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Definition
| to accept compensation based on the appraised value is a conflict of interest. |
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Term
| When a developer makes plots available for CUSTOM building in a newly developed subdivision, the overall purpose of restrictive covenants is to ensure that custom built homes will? |
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Definition
| Not decrease the Value of neighboring properties |
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Term
| The real estate activity that is devoted to leasing, managing, marketing, and overall maintenance of the property for others is called |
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Definition
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Term
| Which type of construction involves building to a buyers specifications? |
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Definition
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Term
| The term Dedication as it applies to development and construction refers to |
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Definition
| A gift of land by the owner to the local government for a public use |
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Term
| What type of license is required to sell or lease business opportunities for another person? |
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Definition
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Term
| Residential real estate is defined in Chapter 475, F.S. as |
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Definition
| Vacant land Zoned for four or fewer residential units |
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Term
| The Real estate Profession requires |
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Definition
| Skill and experience in real estate values, specialized service, and expertise |
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Term
| Selecting a limited geographical area in which a real estate professional develops special expertise is called |
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Definition
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Term
| A Broker charger a prospective seller $50 for a comparative market analysis (CMA). Which statement applies? |
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Definition
| This is permissible, provided the broker does not represent the CMA as an appraisal |
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Term
| The statements below are true with respect to the members of the florida real estate commission EXCEPT that they |
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Definition
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Term
| Members of the (FREC) are appointed by the |
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Definition
| Governor and confirmed by the state senate |
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Term
| The Commission purpose is to regulate |
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Definition
Real estate brokers, brokers associates, and sales associates.
real estate schools and instructors. Real estates brokerage firms.
(ALL OF THESE)!!!!! |
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Term
| Real estate licensees on active duty with the U.S. Army are required to renew their license |
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Definition
| within 6 months after discharge |
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Term
| The term of Office for each Commission member is |
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Definition
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Term
| The members of the commission receive? |
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Definition
| $50 per day when on official business, plus expenses. |
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Term
| A licensee's status is registered with the DBPR is broker associate. Which statement is FALSE regarding this licensee? |
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Definition
| The licensee may hold more than one Florida broker associate license |
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Term
| The Commission is not empowered to. |
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Definition
| Levy fines and imprisonment as penalties for certain crimes |
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Term
| Specific responsibilities of the FREC do NOT include |
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Definition
| Providing the services necessary for the preparation and administration of licensing examination |
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Term
| Which power is NOT Granted to the DBPR under Florida Statute 455? |
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Definition
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Term
A Sales associate recently moved from Dunedin, Florida, to high spring, Florida
Which statement is TRUE? |
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Definition
| The sales associate must notify the DBPR of her change in current mailing address within 10 days of the change |
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Term
| A Sales Associate is employed by a broker. The broker's license is suspended. This action causes the sale associates license to be? |
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Definition
| Placed in involuntary inactive status |
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Term
| When an active broker changes a business address and the broker notifies the FREC within the required 10 days, the license of the sale associate |
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Definition
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Term
| If an active licensee fails to renew her third 2year license before the expiration date on the license, the license will |
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Definition
| revert automatically to involuntary inactive status at the end of the license period |
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Term
| An involuntary inactive license will automatically become void without further action by the FREC or the DBPR after |
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Definition
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Term
| Who may not reactivate a license to active status? |
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Definition
| A sales associate who did not complete post licensing education prior to the expiration of the initial license |
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Term
| An owner-developer owns several properties with different names, but all are business entities closely connected and controlled by the owner-developer. A sales associate working for that owner may legally obtain |
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Definition
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Term
| A Broker moves his real estate office to a new location. He is so busy coordinating the move that he forgets to notify the DBPR. The brokers license |
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Definition
| Will cease to be in force |
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Term
| An initial real estate license is issued on Sep 10 2014. When will it expire |
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Definition
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Term
| A broker decides to relocate her real estate brokerage office. She notifies the DBPR of the changes in business address. She also informs the DBPR of the names of two sales associates who are no longer associated with her brokerage. The Sale Associates Licenses will be....? |
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Definition
| Placed on involuntary inactive staatus. |
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