Flashcards in Chapter 3: License Law and Commission Rules Deck (35):
Condo rentals in Florida are regulated by the Division of _____ within the DBPR.
Florida Condominiums, Timeshares, and Mobile Homes
Florida residential home sales are regulated by the Division of _____ within the DBPR.
The DBPR offices are located in ______.
DRE stands for _____.
Division of Real Estate
The DRE offices are located in _____.
The seven members of FREC are appointed by the _____ and confirmed by the _____.
_____ member(s) of the FREC must be actively licensed real estate brokers for at least 5 years.
_____ member(s) of the FREC may be an actively licensed broker or sales associate.
_____ member(s) of the FREC must be lay.
FREC members are appointed for a _____ term.
FREC members receive an allowance of _____ per day plus expenses.
FREC meets at least once every _____.
A quorum is a _____ of members.
The power of the FREC to investigate complaints against licensees is an example of their _____ powers.
The powers of the FREC to make and pass rules regarding licensees is an example of their _____ powers.
The power of the FREC to deny applications, reprimand, or suspend licensees is an example of their _____ powers.
Since the FREC has no staff, ministerial duties are performed by the _____.
Licensees may be fined up to _____ per offense.
Licenses of licensees can be suspended up to ______ years.
true/false: The Commission is required to report any violation of law to the State Attorney General's office for possible prosecution.
An applicant's _____ is the first license recieved in the category in which they're qualified.
Upon passing the exam, an applicant receives _____ license status.
Renewals are effective when _____ by the Department.
A licensee who choses not to be employed by a broker will be _____ _____ .
A voluntarily inactive license status can be maintained for a period of _____.
true/false: An inactive licensee must maintain license fees and CE courses.
Licensees who do not request renewal, do not pay necessary fees, or do not maintain CE requirements will automatically be placed in _____ status.
Involuntarily inactive licensees can maintain that license status for no more than _____.
Months 13-24 after becoming involutarily inactive require a _____ and _____ before becoming active again.
28-hour reactivation course
When a broker's license is suspended, all other broker associates and sales associates licenses underneath them become _____.
Licensees _____ turn in their license if they no longer want to practice real estate.
One umbrella corporation has many smaller companies. A sales associate is registered to sell properties for all of those companies. This is called a _____ license.
true/false: Brokers can be issued multiple licenses if they are broker of record for multiple offices.
Real estate schools must have permits for each _____ and each _____.