Chapter 3: Real Estate License Law & Commission Rules (FITB) Flashcards Preview

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Flashcards in Chapter 3: Real Estate License Law & Commission Rules (FITB) Deck (15):
1

A quorum to conduct certain duties of the Commission requires ____ members.

four

2

The Commission's ability to impose disciplinary actions against licensees is known as ____ power.

quasi-judicial

3

The rule-making authority of the FREC is called ____ power.

quasi-legislative

4

The FREC is composed of ____ members.

seven

5

To become effective, rules enacted by the FREC must be filed with the ____ ____ ____.

secretary of state

6

Members of the Florida Real Estate Commission may serve no more than ____ consecutive terms.

two

7

Establishing educational requirements of licensees is an example of the exercise of the ____ powers of the Commission.

executive

8

The Real Estate Education and Research Foundation was established by a transfer of ____ from the Real Estate Trust Fund.

$3,000,000

9

To become a broker member of the Florida Real Estate Commission, a broker must have been actively licensed in Florida for a minimum of ____ ____.

2 years

10

The offices of the Division of Real Estate are located in ____.

Orlando

11

The principle office of the DBPR is located in ____.

Tallahassee

12

The Director of the Division of Real Estate is ____ by the ____ of the ____ subject to approval by a majority of the members of the ____.

appointed, secretary, DBPR, FREC

13

A licensee that fails to renew when required to do so will have his or her license placed on ____ ____.

involuntary inactive

14

When a licensee changes employers, he or she should request a ____ with a new employer before performing services of real estate for compensation.

reissue

15

Licensees that are members of the armed forces have all fees, dues and other requirements waived during their military service and for ____ months after returning to civilian life.

six

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