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25 Cards in this Set
- Front
- Back
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Broker applicants are required to fulfill an experience requirement of at least 36 months of real estate experience during the five-year period preceding their becoming licensed as brokers. |
False |
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Any applicant for licensure who has received a four-year degree in real estate from an accredited institution of higher education is exempt from the Commission-prescribed education prerequisite to become initially licensed. |
True |
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After completing the post-licensing education requirement during the initial license period, active and inactive licensees must complete at least 14 hours of continuing education during every two-year license period. |
True |
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U.S. citizenship is NOT required to become licensed in Florida. |
True |
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A resident licensee who becomes a nonresident must notify the Commission within 45 days of the change in residency and comply with all nonresident requirements. |
False |
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After completing the required real estate education and passing the license exam, applicants are initially licensed as inactive sales associates |
True |
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A person appointed by a court of law to sell real estate must be a licensed real estate broker. |
False |
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A license applicant is NOT required to disclose a prior criminal conviction if adjudication was withheld. |
False |
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Examinees who qualify under mutual recognition must pass a Florida-specific real estate law examination consisting of 40 questions. |
True |
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If an applicant does NOT pass the state license sales associate exam within two years of completing the 63-hour sales associate prelicense course, the applicant must repeat the course. |
True |
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An applicant has been issued a broker's license. The broker licensee does not want to own her own real estate brokerage business. The licensee went to work selling real estate under another broker. She is BEST described as a: |
broker associate. |
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"Nolo contendere" is a term that means: |
no contest |
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The rules of the Florida Real Estate Commission are found in: |
Chapter 61J2 |
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What is required of all nonresident license applicants? |
Agree to the irrevocable consent to service section on the license application |
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A developer of a new residential subdivision hires a sales staff to sell homes. The sales staff receives a base salary plus 1 percent of the sale price of each home they sell. Are the people who sell these homes for the developer required to hold real estate licenses? |
Yes, the sales staff must hold real estate licenses because they are partially compensated based on actual sales. |
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Students must pass the prelicense end-of-course exam with a grade of at LEAST what percent? |
70 |
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What is the percentage passing score on the state license exam? |
75 |
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For licensing purposes, a resident of Florida is defined as a person who has resided in Florida for what period of time? |
4 months |
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Within one year, how many times may a student who failed the end-of-course examination retest without repeating the course? |
one |
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A first time homebuyer responds to a for sale-by-owner yard sign and walks through a home for sale. The buyer is not sure what recent prices homes in the neighborhood have been commanding or what is a reasonable offering price. This situation is BEST described as: |
caveat emptor. |
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An individual who received a four-year degree in real estate from a state university is NOT exempt from which license requirement? |
State license exam |
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Which individual must hold a Florida real estate license? |
Lawyer who receives a share of the commission for each transaction resulting from the referral of a client to a local brokerage office |
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A student who fails the sales associate end-of-course exam must wait how long from the date of the original examination to retest? |
30 days |
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Which individual is NOT exempt from holding a Florida real estate license? |
CPA who is employed by a real estate corporation and receives a salary plus bonuses based on real estate transactions |
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Attorneys who are active members in good standing with The Florida Bar are exempt from which education requirement? |
FREC Course I for sales associates |
