Chapter 2: Real Estate License Law & Qualifications for Licensure (FITB) Flashcards Preview

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Flashcards in Chapter 2: Real Estate License Law & Qualifications for Licensure (FITB) Deck (15):
1

A sales associate's license will be ____ if he or she does not complete required postlicense education during his or her initial license period.

void

2

A broker that did not complete required postlicense education prior to expiration of his or her initial license period may request a ____ ____ license by completing a continuing education course within ____ ____.

sales associate, six months

3

A broker associate acts in the capacity of a ____.

sales associate

4

Residency in Florida may be claimed by anyone that is or has resided in the state for not less than ____ ____ within the previous 12 months.

four months

5

The first real estate license law in Florida was enacted in ____.

1923

6

Upon passage of the state examination, applicant for a sales associate's license will receive an ____ license.

inactive

7

Florida does not reciprocate with other states, but does have ____ ____ with some states that have educational requirements that are similar.

mutual recognition

8

The postlicense educational course for sales associates consist of ____ hours.

45

9

The continuing education requirement consists of ____ hours.

14

10

Florida real estate sales associates that desire to become brokers must wait ____ ____ before taking the state examination.

two years

11

The notice of satisfactory completion of a prelicense course is valid for ____ ____.

two years

12

Owner-employers are ____ but do not receive a license.

registered

13

A tenant in an apartment complex may receive up to ____ for referral of a new tenant for the same complex.

$50

14

____ ____ education must be completed during the initial sales associate's license period.

post license

15

Legal authority to sign a document behalf of another requires a ____ ____ ____.

power of attorney

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