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26 Cards in this Set
- Front
- Back
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The purpose of the Florida real estate law FS 475 is to |
Protect the public |
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Caveat emtor applied means |
Let the buyer beware |
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The Florida real estate commission was created in what year |
1925 |
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FREC was created to |
Administer and enforce the law, removing the necessity for court enforcement |
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FS 475 Part one is concerned with |
The licensure and regulation of real estate licensees |
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FS 475 part 2 deals with |
Registration licensure and certification of appraisers required in federally related transactions |
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Part one and part 2 of FS 475 was created in what year |
1991 |
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The DBPR was created in what year |
1993 |
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A BAR SALE |
Appraising, buying, auctioning, renting, selling, advertising, leasing exchanging |
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True or false, real estate licensees are exempt from obtaining a separate auctioneer's license when auctioning real estate |
True. Since auctioning real estate is a service of real estate it is authorized under FS 468 |
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True or false, A qualifying non resident of Florida who has an active license in a mutual recognition state may bypass the prelicensing education requirements |
True |
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An initial sales associate applicant must complete how many hours of education |
63 |
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A Sales Associate who wishes to become a licensed broker must complete how many education hours |
72 |
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Upon passing the state exam to make your license active a sales associate must |
Become employed by an active broker or an owner developer registered with the state |
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Social Security #, 18 years old and high school diploma are |
Qualifications for a real estate license |
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True or False, An applicant for a Florida license is required to be a resident of the state of Florida and a citizen of the U.S |
False |
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True or False, A licensed non resident of another state of a mutual recognized state has to complete pre-licensing requirements |
False |
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What does the registration of an active sales associate with the Department refer to |
Keeping a record of the sales associate's name, home address, and business address of their broker |
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A sales associate must complete ___ hours of post license course prior to expiration of initial license |
45 |
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All active or inactive licensees must complete __ hours of CE every two years afer initial renewal |
14 |
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How many hours of post license education are required to renew a broker license |
60 |
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What must an applicant for real estate license do if they have been convicted of a crime |
Disclose all convictions on the application |
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The department must approve or deny an application in __ days |
90 |
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True of False A denied applicant will be notified in writing |
True |
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A denial notification include the reasons & advise the applicant they have _ days to request a formal hearing |
21 |
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True or False There are no signatures on the Real Estate license |
True |
