Florida 2-20 Agents License & Insurance
Exam Study Guide with Study Questions
and Verified Answers | Latest Edition
1. An individual does not intend to engage in real estate activity. However, he
does plan to be an officer of a real estate brokerage corporation. Which
status BEST describes this situation?
a. Active sales associate license
b. Active broker license
c. Registered with the DBPR
d. Inactive sales associate license - ANSWER c. Registered with the
DBPR
2. Which statement is FALSE regarding mutual recognition agreements?
a. the agreements are intended to recognize the education and experience
that real estate licensees have acquired in other states or nations
b. Mutual recognition applicants are required to take a examination on
Florida real estate laws.
c. Mutual recognition applicants may be Florida residents or
nonresidents
d. Mutual agreements allow Florida real estate licensees to have an equal
opportunity for licensure in jurisdictions with which agreements are
concluded - ANSWER c. Mutual recognition applicants may be
Florida residents or nonresidents
3. A sales associate sells real estate on the weekend for brokerage company A.
She also works as a sales associate for brokerage company B. She is paid on
a commission basis at both brokerage company A and brokerage company
B. Which statement applies to this situation?
a. As long as the broker for brokerage company A is also an owner-
developer, this is an acceptable arrangement
b. The sales associate is in violation of Chapter 475, F.S.
, c. The sales associate must register both employers with the DBPR.
d. This is legal, provided the sales associate is issued a multiple license. -
ANSWER b. The sales associate is in violation of Chapter 475, F.S.
4. Which of the criteria listed below is NOT required to hold a Florida real
estate license?
a. Proof of U.S. citizenship
b. 18 years of age or older
c. High school diploma or GED
d. U.S. Social Security number - ANSWER a. Proof of U.S. citizenship
5. A man owned two farms and a home when he died intestate. The court
appointed a personal representative to dispose of any portions of the
decedent's estate that might be subject to estate taxes and dents of the
deceased. The personal representative
a. must have the clerk of the circuit court auction any property sold.
b. must register with the DBPR if he expects to be paid for his work.
c. may advertise, negotiate, and sell the property and be compensated for
his work without registering with the DBPR.
d. must dispose of all real property through an active real estate broker. -
ANSWER c. may advertise, negotiate, and sell the property and be
compensated for his work without registering with the DBPR.
6. A licensed real estate sales associate did NOT complete the post license
education requirement eight months ago. Which statement applies to this
situation?
a. The licensee may be eligible for an extension due to physical
hardship.
b. The licensee must request an extension in writing to the Commission.
c. The Commission has no legislative authority to extend the post-
license requirement beyond six months.
d. The Commission has the authority to allow the licensee to complete
the post license education requirement if the licensee can document an
economic hardship that prevented the licensee form completing the
, course. - ANSWER c. The Commission has no legislative authority
to extend the post-license requirement beyond six months.
7. An individual who has fulfilled all of the academic and experience
requirements for real estate brokers but who operates as a sales associate in
the employ of a supervising broker is an
a. active sales associate
b. active broker
c. inactive broker
d. active broker associate - ANSWER d. active broker associate
8. Real estate license applicants who desire to review their most recent license
exam MUST file a request to review within
a. 10 days
b. 14 days
c. 21 days
d. 30 days - ANSWER c. 21 days
9. A nonresident who holds a Florida real estate license MUST
a. consent, once licensed, to having all documents notarized that become
part of future real estate transactions in which the nonresident licensee
is involved
b. complete all required post-licensing and continuing education
requirements
c. become a Florida resident within the initial license period
d. accept permanent revocation of the license should any violation of the
real estate license law be upheld - ANSWER b. complete all required
post-licensing and continuing education requirements
10.Does a licensee who is convicted of a misdemeanor offense have a duty to
report the conviction of the FREC?
a. Yes, a licensee is required to disclose misdemeanor convictions with
60 days.
, b. Yes, licensees must disclose all convictions to the FREC within 30
days
c. No, licensees are required to disclose felony convictions buy not
misdemeanor convictions
d. Yes, the licensee is required to disclose the misdemeanor convictions
unless the licensee pleads nolo contender - ANSWER b. Yes,
licensees must disclose all convictions to the FREC within 30 days
11.Which activity is NOT a real estate service?
a. Mortgaging real property
b. Advertising real property
c. Renting real property
d. Auctioning real property - ANSWER a. Mortgaging real property
12.A license applicant has completed the 63- hour sales associate prelicense
course. Within what period of time after being issued a course completion
slip for the prelicense course MUST the applicant pass the state license
exam?
a. Indefinitely
b. Two years
c. One year
d. Six months - ANSWER b. Two years
What type of evidence unless refuted by evidence to the contrary will prove a
case?
a. Prima facie
b. Notarized
c. Case law
d. Enforceable - ANSWER a. Prima facie
Which Florida statute governs the DBPR and the professions under the DBPR?
Exam Study Guide with Study Questions
and Verified Answers | Latest Edition
1. An individual does not intend to engage in real estate activity. However, he
does plan to be an officer of a real estate brokerage corporation. Which
status BEST describes this situation?
a. Active sales associate license
b. Active broker license
c. Registered with the DBPR
d. Inactive sales associate license - ANSWER c. Registered with the
DBPR
2. Which statement is FALSE regarding mutual recognition agreements?
a. the agreements are intended to recognize the education and experience
that real estate licensees have acquired in other states or nations
b. Mutual recognition applicants are required to take a examination on
Florida real estate laws.
c. Mutual recognition applicants may be Florida residents or
nonresidents
d. Mutual agreements allow Florida real estate licensees to have an equal
opportunity for licensure in jurisdictions with which agreements are
concluded - ANSWER c. Mutual recognition applicants may be
Florida residents or nonresidents
3. A sales associate sells real estate on the weekend for brokerage company A.
She also works as a sales associate for brokerage company B. She is paid on
a commission basis at both brokerage company A and brokerage company
B. Which statement applies to this situation?
a. As long as the broker for brokerage company A is also an owner-
developer, this is an acceptable arrangement
b. The sales associate is in violation of Chapter 475, F.S.
, c. The sales associate must register both employers with the DBPR.
d. This is legal, provided the sales associate is issued a multiple license. -
ANSWER b. The sales associate is in violation of Chapter 475, F.S.
4. Which of the criteria listed below is NOT required to hold a Florida real
estate license?
a. Proof of U.S. citizenship
b. 18 years of age or older
c. High school diploma or GED
d. U.S. Social Security number - ANSWER a. Proof of U.S. citizenship
5. A man owned two farms and a home when he died intestate. The court
appointed a personal representative to dispose of any portions of the
decedent's estate that might be subject to estate taxes and dents of the
deceased. The personal representative
a. must have the clerk of the circuit court auction any property sold.
b. must register with the DBPR if he expects to be paid for his work.
c. may advertise, negotiate, and sell the property and be compensated for
his work without registering with the DBPR.
d. must dispose of all real property through an active real estate broker. -
ANSWER c. may advertise, negotiate, and sell the property and be
compensated for his work without registering with the DBPR.
6. A licensed real estate sales associate did NOT complete the post license
education requirement eight months ago. Which statement applies to this
situation?
a. The licensee may be eligible for an extension due to physical
hardship.
b. The licensee must request an extension in writing to the Commission.
c. The Commission has no legislative authority to extend the post-
license requirement beyond six months.
d. The Commission has the authority to allow the licensee to complete
the post license education requirement if the licensee can document an
economic hardship that prevented the licensee form completing the
, course. - ANSWER c. The Commission has no legislative authority
to extend the post-license requirement beyond six months.
7. An individual who has fulfilled all of the academic and experience
requirements for real estate brokers but who operates as a sales associate in
the employ of a supervising broker is an
a. active sales associate
b. active broker
c. inactive broker
d. active broker associate - ANSWER d. active broker associate
8. Real estate license applicants who desire to review their most recent license
exam MUST file a request to review within
a. 10 days
b. 14 days
c. 21 days
d. 30 days - ANSWER c. 21 days
9. A nonresident who holds a Florida real estate license MUST
a. consent, once licensed, to having all documents notarized that become
part of future real estate transactions in which the nonresident licensee
is involved
b. complete all required post-licensing and continuing education
requirements
c. become a Florida resident within the initial license period
d. accept permanent revocation of the license should any violation of the
real estate license law be upheld - ANSWER b. complete all required
post-licensing and continuing education requirements
10.Does a licensee who is convicted of a misdemeanor offense have a duty to
report the conviction of the FREC?
a. Yes, a licensee is required to disclose misdemeanor convictions with
60 days.
, b. Yes, licensees must disclose all convictions to the FREC within 30
days
c. No, licensees are required to disclose felony convictions buy not
misdemeanor convictions
d. Yes, the licensee is required to disclose the misdemeanor convictions
unless the licensee pleads nolo contender - ANSWER b. Yes,
licensees must disclose all convictions to the FREC within 30 days
11.Which activity is NOT a real estate service?
a. Mortgaging real property
b. Advertising real property
c. Renting real property
d. Auctioning real property - ANSWER a. Mortgaging real property
12.A license applicant has completed the 63- hour sales associate prelicense
course. Within what period of time after being issued a course completion
slip for the prelicense course MUST the applicant pass the state license
exam?
a. Indefinitely
b. Two years
c. One year
d. Six months - ANSWER b. Two years
What type of evidence unless refuted by evidence to the contrary will prove a
case?
a. Prima facie
b. Notarized
c. Case law
d. Enforceable - ANSWER a. Prima facie
Which Florida statute governs the DBPR and the professions under the DBPR?
