Chapter 2: License Law and Qualifications for Licensure Flashcards Preview

Florida Real Estate Sales Associate License > Chapter 2: License Law and Qualifications for Licensure > Flashcards

Flashcards in Chapter 2: License Law and Qualifications for Licensure Deck (33):
1

The Florida Real Estate License Law was oficially designated Chapter ______ of the ________ _________ in 1941.

475
Florida Statutes

2

The FREC (Florida Real Estate Commission) lies within the Department of _________ and __________ _________, Division of ________ ________.

Business and Professional Regulation
Real Estate

3

Chapter 475, Part ______ deals with real estate licensees, while part ____ deals with appraisers.

I
II

4

An applicant for a Florida real estate license ________ required to be a resident of the state of Florida.

Is not

5

Members of the Florida Bar in good standing ______ required to take the 63-hour real estate sales associate prelicensing course.

are not

6

Members of the Florida Bar in good standing _______ required to take postlicensing requirements.

are

7

Once a complete application has been received by the DBPR, an applicant has _____ _______ to complete the state exam.

2 years

8

If an application to take the state exam is denied by the FREC, the applicant must be notified in writing and allowed _____ days to file for a hearing before an _______ _________ ________.

21
administrative law judge

9

An applicant must score ____ out of 100 on the state sales associate exam.

75

10

The sales associate state exam consists of ____ questions on real estate license law, ____ questions on real estate principles and practices, and ____ on real estate math.

45
45
10

11

Sales associate post-license eduacation is ______ hours.

45

12

Sales associate CE is _____ hours every ______ years, with the exception of the initial license period.

14
2

13

Broker's post-license education is _____ hours.

60

14

Failing to complete the postlicense education within 2 years will cause your license to become _____ and ______.

null and void

15

States recognizing the similarity of the content in their education requirements is called ________ ________.

mutual recognition

16

Florida _______ have reciprocity with other states in regards to real estate licensing.

does not

17

Brokers are ________ and _______ with the DBPR, owner-employers are only ______.

licensed and registered
registered

18

A broker licensee who chooses to continue being employed by another broker is a ________ ________.

broker associate

19

Sales associates _____ apply to take a broker's exam during their initial license period if they've taken the 45-hour sales associate postlicense course.

can

20

The broker's prelicense course is _____ hours.

72

21

Applicants for a broker's license must be an active real estate licensee in this or another state or nation for _____ _____ out of the last 5 years.

2 years

22

People who have a 4-year degree in real estate are _____ from the sales associate postlicense course.

exempt

23

A Florida real estate license is required when performing a service when all the following conditions are present:

Performing a service of real estate
In the state of Florida
For another
For compensation

24

True/false: Compensation can include payment expected to be received.

true

25

Persons acting on the behalf of another granted by a power of attorney are called ______ ______ ______.

attorneys in fact

26

Count appointees may provide real estate services without a license for a ______ or _______ but not a _______.

fee
salary
commission

27

A tenant in an apartment community can receive up to ______ as a referral fee.

$50

28

A person _______ sell their own property.

can

29

Salaried managers of apartment complexes are exempt from having a real estate license if leases are no longer than ______ _______.

1 year

30

Salaried employees of individuals _______ sell real estate on behalf of that individual.

can

31

true/false: A sales associate or broker associate can work for more than one broker at a time.

false

32

Florida real estate licenses either expire on _____ ______ or _____ _____.

March 31
September 30

33

Initial license period for a real estate sales associate is between _____ and _____ months.

18 and 24