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Florida Real Estate > Real Estate license law and qualifications for licensure > Flashcards

Real Estate license law and qualifications for licensure Flashcards

1
Q

Statute or rule for the executive branch of Florida government

A

Chapter 20 Florida statue

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2
Q

Statute, or rule.
Real Estate brokers, sales associates, and schools

A

Chapter 475, part one, Florida statue

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3
Q

Statute, or rule
Department of business and professional regulation, And the professions under the department

A

Chapter 455, Florida statue

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4
Q

Statute, or rule
Procedural process for all governmental entities authorised under the Florida constitution

A

Chapter 120, Florida statute

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5
Q

Statute, or rule
Florida Real Estate commission rules

A

Chapter 61J2, Florida, administrative code

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6
Q

A person who performs Real Estate services for compensation, but he does so, under the direction, control, or management of a broker, or an owner developer

A

Sales associate

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7
Q

A person who karma for another and for compensation or other consideration performs Real Estate services

A

Broker

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8
Q

A person who holds the brokers license, but chooses to register and work in Real Estate under the direction of another broker

A

Broker associate

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9
Q

An unlicensed entity that sells, exchanges, or leases its own property

A

Owner developer

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10
Q

The practice of mutual exchanges of privileges.
The applicant or licensee must hold a valid license in another state

A

Reciprocity

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11
Q

Call application and licensing the FREC defines a Florida resident as a person who has resided in Florida, continuously for a period of ___________ calendar months or more. Regardless of whether the person resided in a vehicle, hotel, rental unit or other temporary or permanent location.

A

Four calendar months

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12
Q

The procedure to recognise the education experience of individuals, licensed in another state or nation, when the other jurisdiction has education, and experience requirements, comparable to Florida’s requirements

A

Mutual recognition agreements

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13
Q

US citizenship is not required to be com licensed in Real Estate
True or false?

A

False

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14
Q

True or false?

To be qualified in Real Estate, you must be 18 years of age or older and have a high school diploma or equivalent.

A

True

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15
Q

True or false?
To be a real estate agent, you must possess a US Social Security number

A

True

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16
Q

True or false?
To be a real estate agent, you must be honest, trustworthy of good character and possessing a reputation for fair dealing

A

True

17
Q

True or false?
To be a Real Estate agent, you must be competent and qualified to make Real Estate transactions and conduct negotiations with safety to investors and others with whom the applicant me undertake a relation of trust and confidence

A

True

18
Q

 What is a passing score on the license exam?

A

75 Or higher?

19
Q

A legal term used to refer to evidence that is good insufficient on its face, to be excepted by the court, as a fact. Unless it is refuted by evidence, to the contrary.

A

Prima facie evidence
(drivers, license, passport, Social Security card)

20
Q

Florida Real Estate license law identifies Real Estate related activities as.

A

Any Real Estate services that require a Florida Real Estate license

21
Q

A

B
A
R

S
A
L
E

A

Advertise Real Estate services

Buy
Appraise
Rent

Sell
Auction
Lease
Exchange

22
Q

Anything of value or a valuable consideration, directly or indirectly paid call Marc promised, or expected to be paid or received

A

Compensation

23
Q

Exemptions from a Real Estate license

A

1-Owner, exemptions
2-Exemptions based on career (lawyers, CPA, certified appraisers, licensed under chapter 475)
3-salaried, employee exemptions
4-court and legally appointed persons
Executor in a will, power of attorney.
5-miscellaneous exemptions
people who sell Cemetery lots
Dealers who are registered with the SEC selling business enterprises to accredited investor’s
Hotel and motel clerks who rent to transients
Tenants of an apartment community may receive a fee of up to $50 for the referral of a new tenant in the same apartment community

Florida Real Estate (4 decks)

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