2003 Flashcards
(11 cards)
Is the DBPR responsible for licensing and regulating the real estate profession?
YES
The ________________ may seek an injunction from a court against a licensee for failure to follow a Department order.
Department
The Department has the authority to issue injunctions against unlicensed persons for failure to follow a Department order. (T/F)
FALSE, they do NOT, but they may seek an injunction from the courts.
The Department also has the power to issue a cease-and-desist order against an unlicensed party for violation of any rule or law under its administration
TRUE
The executive powers can be exercised by the chairperson ______________ or can be delegated by ______________ to any other Commission member.
acting alone
quorum vote
For the first renewal following an initial license, licensees must renew by completing the post-licensing requirements prior to the expiration of the initial license. Failure to do so will result in a ______________________ license status.
null and void
If the Continuing Education (CE) is not completed by the renewal date then the license status changes to___________. It can remain in this status for __ years before becoming ________.
Involuntary Inactive
2 years
Null and Void
f a broker’s license is suspended, revoked, or otherwise void or ineffective, the licenses of all persons who are employed under such broker become automatically ______________.
[F.S. 475.31]
inactive
If a licensee decides to no longer practice real estate, they could return the license to the Department. The license would be _______________.
cancelled
An Owner-Developer has different subdivisions registered separately under different names, the associate to the Owner-Developer obtaining a ______________ ________________ allows the licensee to sell for any of the subdivisions.
Group License
A ________ ______________ is applied for when a Broker owns more than one unrelated brokerage, as it is necessary for legitimate business reasons.
Multiple License
