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Florida Real Estate Laws & Rules (09-FL-E) Verified
Exam COMPLETE QUESTIONS AND DETAILED
SOLUTIONS LATEST UPDATE THIS YEAR-JUST
RELEASED||NEWEST EXAM!!!
What is the FREC? - Answer-Florida Real Estate
Commission
What does the FREC do? - Answer-the enforcer of real
estate rules and discipline
Who appoints the members of the FREC? - Answer-
appointed by the Governor
How was real estate conducted in the past? - Answer-By
Caveat emptor: "Let the buyer beware.
Who does Caveat Emptor still apply to? - Answer-still
applies to buyers and sellers who conduct their own real
estate business without the aid of a professional
What are the 3 categories of real estate licenses? -
Answer-Sales associate
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Broker
Broker Associate
What is a sales associate? - Answer-A person who
provides real estate services for another, for compensation
under the direction, control and management of a broker
What is a broker? - Answer-A person who provides real
estate services for another, for compensation
What is a broker associate? - Answer-Is a licensed broker
who chooses to work as a sales associate under the
direction of another broker
How does an associate become active? - Answer-The
associate becomes active by finding a broker-employer or
an owner-developer
Is an applicant considered active or inactive when
licensing requirements are met? - Answer-applicant is
licensed as an inactive sales associate
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In order to apply for a real estate license what must a
person have before applying? - Answer-Must be 18 years
or older
Have a high school diploma, or its equivalency
Must be honest, truthful, trustworthy, of good character,
and have a good reputation for fair dealings
What is Nolo Contendre? - Answer-means "I will not
contest," a plea in a criminal case in which the defendant
does not admit or deny charges.
What disclosures must be made by an applicant? -
Answer-is under investigation, has ever been convicted of
a crime or if any judgment or decree has ever been
rendered against the applicant for fraud or dishonest
dealing
has ever entered a plea of Nolo contendere* or if
adjudication has been withheld.
is currently a patient of mental health facility
has ever been called by or done business under any other
name (A/K/A)
has ever had a license revoked, suspended, surrendered,
or otherwise acted against or had an application for
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licensure denied by any licensing agency of another state,
territory or country
has ever been denied license or registration to practice a
regulated profession
has been found guilty of any conduct or practice that
would have been grounds for suspension or revocation
under Florida real estate laws
Have a social security number**
When did Florida pass its first Real Estate Law? - Answer-
1923
When was the FREC created? - Answer-1926
Which of the following tasks a property manager is not
responsible for? - Answer-Preparing leases
Property designated for public streets and right-of-way is
conveyed to local government through a process known
as: - Answer-dedication
Which of the following is the best description of a
"subdivision"? - Answer-A housing development created
by dividing a tract of land into individual lots
Florida Real Estate Laws & Rules (09-FL-E) Verified
Exam COMPLETE QUESTIONS AND DETAILED
SOLUTIONS LATEST UPDATE THIS YEAR-JUST
RELEASED||NEWEST EXAM!!!
What is the FREC? - Answer-Florida Real Estate
Commission
What does the FREC do? - Answer-the enforcer of real
estate rules and discipline
Who appoints the members of the FREC? - Answer-
appointed by the Governor
How was real estate conducted in the past? - Answer-By
Caveat emptor: "Let the buyer beware.
Who does Caveat Emptor still apply to? - Answer-still
applies to buyers and sellers who conduct their own real
estate business without the aid of a professional
What are the 3 categories of real estate licenses? -
Answer-Sales associate
,2|Page
Broker
Broker Associate
What is a sales associate? - Answer-A person who
provides real estate services for another, for compensation
under the direction, control and management of a broker
What is a broker? - Answer-A person who provides real
estate services for another, for compensation
What is a broker associate? - Answer-Is a licensed broker
who chooses to work as a sales associate under the
direction of another broker
How does an associate become active? - Answer-The
associate becomes active by finding a broker-employer or
an owner-developer
Is an applicant considered active or inactive when
licensing requirements are met? - Answer-applicant is
licensed as an inactive sales associate
,3|Page
In order to apply for a real estate license what must a
person have before applying? - Answer-Must be 18 years
or older
Have a high school diploma, or its equivalency
Must be honest, truthful, trustworthy, of good character,
and have a good reputation for fair dealings
What is Nolo Contendre? - Answer-means "I will not
contest," a plea in a criminal case in which the defendant
does not admit or deny charges.
What disclosures must be made by an applicant? -
Answer-is under investigation, has ever been convicted of
a crime or if any judgment or decree has ever been
rendered against the applicant for fraud or dishonest
dealing
has ever entered a plea of Nolo contendere* or if
adjudication has been withheld.
is currently a patient of mental health facility
has ever been called by or done business under any other
name (A/K/A)
has ever had a license revoked, suspended, surrendered,
or otherwise acted against or had an application for
, 4|Page
licensure denied by any licensing agency of another state,
territory or country
has ever been denied license or registration to practice a
regulated profession
has been found guilty of any conduct or practice that
would have been grounds for suspension or revocation
under Florida real estate laws
Have a social security number**
When did Florida pass its first Real Estate Law? - Answer-
1923
When was the FREC created? - Answer-1926
Which of the following tasks a property manager is not
responsible for? - Answer-Preparing leases
Property designated for public streets and right-of-way is
conveyed to local government through a process known
as: - Answer-dedication
Which of the following is the best description of a
"subdivision"? - Answer-A housing development created
by dividing a tract of land into individual lots
