State Laws DBPR/Divison Of Real Estate/FREC Discipline/Violations

Question 1

Sales associate commits one act of fraud. Consumer may take action against Sales Associate & Broker for culpable negligence.

Answer 1

True

Question 2

The maximum fine levied against a licensee is $1,000.

Answer 2

False:
$5,000

Question 3

If a sales associate purposely defrauded someone, FREC may arrest & take criminal action against the sales associate.

Answer 3

False:
Must refer to State’s Attorney

Question 4

The DBPR has the power to investigate a complaint regarding an unlicensed individual.

Answer 4

True

Question 5

A sales associate has engaged in excessive use of alcohol causing temporary drunkenness that impairs the ability to carry out the duties of the broker. The sales associate’s license may be suspended durning the period of incapacitation.

Answer 5

True

Question 6

If FREC believes someone has criminally violated the license law, FREC may refer the case to the State’s Attorney.

Answer 6

True

Question 7

Sales Associate has received a notice of noncompliance. Sales associate has 90 days to correct the problem.

Answer 7

False:
15 days

Question 8

FREC has issued a citation to Broker. Broker has 30 days to dispute the claim.

Answer 8

True

Question 9

FREC has issued a final order for a fine against a licensee. Licensee must pay the fine within 30 days of the final order.

Answer 9

True

Question 10

Licensee is impaired by temporary mental derangement. The usual action of the Commission is to impose a penalty of 10 year suspension.

Answer 10

False:
Suspension for the period of incapacity

Question 11

Broker lists a property for $20,000 & seller agrees to pay a 10% commission. Broker decides he would like to own the property, so Broker’s wife purchases the property in her maiden name. This was acceptable as long as broker waived the commission.

Answer 11

False:
Broker is guilty of concealment & omission.