Florida Real Estate Final Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A

Florida Real Estate Final Exam Prep (Latest

2023/ 2024 Update) Questions and Verified

Answers| 100% Correct| Grade A

Q: Tom intends to make application to become a Fla real estate sales associate. He must have a

Social Security number, a high school diploma, be over 18, and be competent to negotiate. What

is not required?

Answer:

To be a US Citizen

Q: Mary has a 4 year degree in real estate. Mary must still attend the pre-licensing course and

post-licensing education. What class is she exempt from?

Answer:

Continuing Education

Q: If a Florida licensee becomes a non-resident of Florida, he or she must

Answer:

notify the BPR within 10 days and file an "irrevocable consent to service" within 60 days

Q: If a real estate licensee moves to Florida from another state and wants to obtain a Fla Sales

Assoc license based on Mutual Recognition, the licensee must

Answer:

complete the 63-hour sales assoc pre-licensing course and pass the Fla license exam.

Q: To obtain a broker's license, the applicant must have

Answer:

1. Satisfactorily completed the 72 hr broker course.

2. been an Active Sales Assoc for at least 24 months.

Q: What information is required to be disclosed on an application for RE licensure?

Answer:

1. If you've ever been convicted of a crime.

2. Entered a plea of nolo contendere, regardless of adjudicaton.

3. Any violation of the law (except traffic violations, speeding tickets, etc)

Q: What does NOT have to be disclosed on an application for RE licensure?

Answer:

Personal Bankruptcy

Q: If a developer owns 3 subdivisions in the names of 3 different entities. A sales assoc or

broker assoc may be employed by the owner-developer on a commission basis to sell lots in the

3 subdivisions if the assoc is issued what type of license?

Answer:

A Group License

Q: To be a broker for several real estate brokerage companies, you must be issued what type of

license?

Answer:

Multiple Broker licenses (one for each company)

Q: If a real estate licensee fails to renew her license at the end of the biennial renewal period,

what will happen to the license?

Answer:

It reverts to an involuntary inactive status

Q: If Mary's initial license was issue on Feb 6, 2011, what is the expiration date on her license?

Answer:

September 30, 2012. (Licenses are renewed on March 31 and September 30 every year)

Q: If a RE licensee becomes a member of the US Armed Forces and is not engaged in the

practice of RE in the private sector, what is the status of his license?

Answer:

It is kept in good standing while he is on active duty and for a period of 6 mos after his discharge

from active duty.

Q: What happens if a licensee changes last name or mailing address?

Answer:

Must notify BPR within 10 days of the change

Q: If a real estate broker's license is suspended for 6 mos for a violation of license law, the

licenses of the sales assoc registered with the broker with become what?

Answer:

Involuntary Inactive

Q: Which power gives the Fla Real Estate Commission (FREC) the authority to regulate and

enforce real estate license law?

Answer:

The Executive Power

Q: What is the BPR?

Answer:

Dept of Business and Professional Regulation

Q: Who is the Secretary of the BPR appointed by?

Answer:

Appointed by the Governor and confirmed by the Senate

Q: What is the purpose of Laws?

Answer:

To protect the public

Q: What is the DRE?

Answer:

The Division of Real Estate

Q: Who is the Director of the DRE appointed by?