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19 Cards in this Set

  • Front
  • Back
A licensed sales associate may operate

A. for any registered broker.
B. for the broker registered as the sales associates employer.
C. independently as long as he or she is registered with the FREC.
D. as a broker associate.
B. for the broker registered as the sales associates employer.
A sales associate applicant is NOT required to comply with which requirement?

A. Submit an application fee.
B. Be 18 years of age or older.
C. Be a bona fide Florida resident.
D. Have a high school diploma or its equivalent.
C. Be a bona fide Florida resident.
Sarah's license status as registered with the DRE is broker associate. All of the statements apply to Sarah EXCEPT that she

A. holds an active license.
B. is broker-qualified.
C. has an employer.
D. may hold more than one Florida broker associate license.
D. may hold more than one Florida broker associate license.
Which statement does NOT describe the intent of the Florida Legislature concerning regulation of professional and licensed occupations to protect the public?

A. When the potential for harm to the public is clear
B. When other ordinances and laws are not sufficient to protect the public
C. Whenever deemed appropriate by the Legislature
D. When less-constraining measures of regulation are not available or apparent
C. Whenever deemed appropriate by the Legislature
A sales associate applicant is NOT required to disclose which information on the license application?

A. Convicted of a crime
B. Proof of U.S. citizenship
C. Maiden name, if applicable
D. Found guilty of conduct that would have resulted in disciplinary action if the applicant had been licensed to practice real estate
B. Proof of U.S. citizenship
Sales associate Sam sells real estate for Seasonal Sales Realty. He also works as a sales associate for Two Sides Realty.

A. Sam is in violation of F.S. 475.
B. Sam may work for both companies as long as he registers both employers with the FREC.
C. This is legal as long as he only works part-time for each company.
D. Sam must be a broker associate for this to be legal.
A. Sam is in violation of F.S. 475.
What is the Latin term for a plea of "no contest"?

A. Prima facie
B. Caveat emptor
C. Writ of mandamus
D. Nolo contendere
D. Nolo contendere
An applicant will NOT be considered unqualified because the applicant

A. was previously denied a real estate license in Florida.
B. was previously denied a real estate license in another state.
C. is a citizen of a foreign country.
D. was disbarred by the legal profession.
C. is a citizen of a foreign country.
Which event may cause the FREC to refuse to certify an individual as qualified for licensure?

A. Dropped out of high school and later earned a GED
B. Was convicted of fraud in an insurance scam
C. Changed residency to a state other than the state of Florida
D. Lost a lot of his or her own money in a bad real estate investment
B. Was convicted of fraud in an insurance scam
To receive a notice of satisfactory completion of FREC Course I or Course II, a student may not miss more than
A. 4 instructional hours.
B. 6 instructional hours.
C. 8 instructional hours.
D. 12 instructional hours.
C. 8 instructional hours.
Vincent Black has a North Carolina broker's license, but he is not licensed in Florida. He sells a parcel of land he owns in Florida. Assuming all else is proper, this is a legal transaction because

A. mutual recognition agreements allow this.
B. Florida law exempts from licensure individual owners selling their own real property.
C. Florida has honored his nonresident broker's license.
D. he has the knowledge and qualifications necessary to handle the transaction.
B. Florida law exempts from licensure individual owners selling their own real property.
A sales associate applicant who has submitted a correctly completed application for the state license examination and who successfully passes the state exam may legally begin to operate as a licensee when the

A. application and proper fees are received by the state.
B. applicant receives a return receipt acknowledging acceptance of the application.
C. applicant receives his or her canceled check as evidence of
payment followed by an assigned date for the state exam.
D. applicant is notified of having passed the state exam and has filed the appropriate form with the DRE.
D. applicant is notified of having passed the state exam and has filed the appropriate form with the DRE.
If the post-licensing requirement is not fulfilled before the first renewal and a sales associate licensee wishes to continue in the real estate business, the licensee

A. must retake the state exam within one year.
B. must requalify for licensure.
C. is allowed a six-month grace period to meet the requirement but must hold an inactive license during that period.
D. must retake the prelicense course within one year.
B. must requalify for licensure.
Services of real estate do NOT include

A. advertising rental property lists.
B. appraising real property.
C. selling cemetery lots for compensation.
D. conducting an auction of real property.
C. selling cemetery lots for compensation.
Which of the following BEST defines who must be licensed to practice real estate in Florida?

A. Anyone who performs any of the services of real estate
B. Anyone who performs any of the services of real estate for another
C. Anyone who performs any of the services of real estate for another for compensation
D. Anyone who performs any of the services of real estate for another for compensation, unless specifically exempted by law
D. Anyone who performs any of the services of real estate for another for compensation, unless specifically exempted by law
Which individual is NOT exempt from licensure under F.S. 475?

A. Individual owner selling his or her own property
B. Mortgage broker dealing in personal property only
C. Individual serving as a personal representative and acting
within the statutory limits of that designated role
D. Business broker who negotiates leases of business
property only
D. Business broker who negotiates leases of business
property only
A salaried individual manages a condominium building and rents units for three-month to six-month periods. The manager

A. must be licensed under F.S. 475 because leasing is one of the
real estate services.
B. must be licensed under F.S. 475 because she rents condominium units for compensation.
C. must be licensed by the Division of Condominiums and Time Share Sales.
D. is exempt from licensure under F.S. 475.
D. is exempt from licensure under F.S. 475.
Rhoda is an on-site manager of an apartment complex. Rhoda receives a meager salary from the owner of the apartment complex. According to F.S. 475, Rhoda

A. is exempt from licensure.
B. must be a licensed real estate sales associate.
C. must be a licensed real estate broker.
D. is not exempt from licensure because she receives compensation.
A. is exempt from licensure.
FBI files reveal that six months ago Mr. Croft worked as a real estate broker in Georgia, where he was charged with arson related to a large insurance claim. To avoid a long court fight without pleading guilty, Mr. Croft agreed to revocation of his real estate license and entered a plea of nolo contendere. The FREC has just received Mr. Croft's application for licensure as a sales associate disclosing the above information. The application shows that all academic requirements have been met, and a background check reveals no incriminating information other than the facts mentioned above. The FREC will probably decide that

A. Mr. Croft is not qualified for licensure.
B. Mr. Croft can be licensed based on the information on the application.
C. because Mr. Croft was never convicted of the charge in Georgia, he can be licensed in Florida.
D. the recommendations from the references provide adequate grounds for the licensure of Mr. Croft.
A. Mr. Croft is not qualified for licensure.