Section 3 Real estate license law and commission rules Flashcards Preview

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Flashcards in Section 3 Real estate license law and commission rules Deck (20)
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1

True or false, the secretary of the DBPR appoints the director of the division of real estate. The director of the DRE is confirmed by the Florida real estate commission.

True

2

True or false, a license is null and void when it no longer exists.

True

3

True or false, if the DBPR finds that a license has been issued by mistake, they are unable to do anything about it.

False

A license is considered canceled when the commission mistakenly approved a license.

4

True or false, FREC is made up of five members who are real estate professional licensed members and two consumer members who have never been licensed.

True

5

True or false, inactive means that there is a license in place, but the licensee may not practice real estate.

True

6

True or false, DBPR may issue a temporary license for up to one year to a spouse of an active-duty member of the Armed Forces assigned to duty in Florida if the spouse holds a valid real estate license in another state.

False

The temporary license is only valid for up to six months

7

True or false, when a broker quits from the brokerage, the licenses of sales associates and broker associates employed by the broker are automatically placed in involuntary inactive status.

True

8

True or false, chapter 455 of the Florida statutes gives the DBPR the power to investigate consumer complaints, issue subpoenas upon conducting investigation, issue cease and desist orders, and issue citations.

True

9

True or false, the Florida real estate commission was established under Florida statute 475 for the purpose of specifically regulating real estate.

True

10

True or false, only a broker may have a group license in order to sell for all the entities owned by the owner/developer.

False

A sales associate or broker associate may have a group license in order to sell for all the entities owned by the owner/developer.

11

The power of the commission to suspend or revoke licenses and issue administrative fines is an example of what type of power:

1. Executive power
2. Quasi-legislative
3. Quasi–judicial
4. Ministerial

Quasi-judicial

12

Vicky the Viking is a broker who wanted to be the broker of record with a company in northern Florida and also a different brokerage in southern Florida, Vicky can:

1. Not do this per FREC rules
2. Be issued a group license to cover both brokerages
3. Be issued multiple license – one for each brokerage
4. Be issued a broker license for one brokerage and a broker associate license for the other

# 3

Be issued multiple licenses – one for each brokerage

13

A license will become null and void in the following circumstances except:

1. The license has been involuntary inactive for more than two years.
2. The license was revoked following disciplinary proceedings
3. The license was voluntarily relinquished (not involving disciplinary action).
4. The license expired in the second renewal period by only 10 months

#4

The license expired in the second renewal period by only 10 months

14

The secretary of the DBPR is:

1. Appointed by the governor of Florida and confirmed by the state Senate

2. Appointed by the governor of Florida and confirmed by FREC

3. Appointed by the director of the division of real estate and confirmed by FREC

4. Appointed by the commission and confirmed by the governor

#1

Appointed by the governor of Florida and confirmed by the state Senate

15

Jill passed her real estate sales associate state exam. Which situation would be true about her license status?

1. Jill's license would be considered current inactive until the DBPR is notified that her license has been placed with an employing broker

2. Jill's license would be considered current active and she can immediately start practicing real estate

3. Jill's license would be canceled if she did not place her license with a broker within 15 days

4. Jill's license would be considered current in active until she completed the 45 hour post licensing course

#1

Jill's license would be considered current inactive until the DBPR is notified that her license has been placed with an employing broker.

16

If Tommy Duncan intentionally missed lead the DBPR when Tommy filled out his application, Tommy would be guilty of:

1. 1st° felony
2. Second-degree felony
3. Third-degree felony
4. First-degree misdemeanor

#3

Third-degree felony

17

Humphrey Hughes is a Florida real estate licensee in good standing who is also a member of the US Armed Forces. When Humphrey is sent overseas for active duty, what happens to his real estate license?

1. Humphrey is exempt from renewal requirements during his active duty and for 12 months after discharge from active duty

2. Humphrey is exempt from renewal requirements during his active duty in for six months after discharge from active duty

3. Only Humphreys spouse is exempt from renewal requirements during his active duty and for six months after discharge from active duty

4. Humphrey must complete all renewal requirements the same as every other licensee

# 2

Humphrey is exempt from renewal requirements during his active duty in for six months after discharge from active duty

18

If a license has been involuntary in active for more than 12 months but less than 24 months to activate the license, the licensee must:

1. Complete 14 hours continuing education course

2. Complete 28 hours of a commission prescribed education course

3. The license would be null and void

4. Take a 63 our pre-license course

# 2

Complete 28 hours of a commission prescribed education course

19

Clara-the-good's broker moved her brokerage across town. The change of address must be updated with the DBPR within how many days?

1. 10 days
2. 15 days
3. 30 days
4. 60 days

# 1

10 days

20

If a licensee received their license on July 4, 2016, when is the end of their first renewal period?

1. September 30, 2017

2. March 31, 2018

3. September 30, 2018

4. March 30, 2018

# 2

March 31, 2018