FL Pre-License Sales Cours (FREC Course 1) Exam Study Questions With Correct Answers

FL Pre-License Sales Cours (FREC Course
1) Exam Study Questions With Correct
Answers

title - CORRECT ANSWER✔✔-collection of rights person has in ownership of real
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property


alienation - CORRECT ANSWER✔✔-transfer
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By Operation of Law - CORRECT ANSWER✔✔-the courts have intervened
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Condemnation - CORRECT ANSWER✔✔-court action used when right of eminent
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domain is exercised | |




Lis Pendens - CORRECT ANSWER✔✔-pending litigation
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Opinion of Title - CORRECT ANSWER✔✔-title meets all ownership needs and has
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no questions in its history
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Abstract - CORRECT ANSWER✔✔-history
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Cloud - CORRECT ANSWER✔✔-question about the title
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,Certificate of Title - CORRECT ANSWER✔✔-Attorney issued; indicates all problems
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have been cleared and title company can issue Title Insurance
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Deed - CORRECT ANSWER✔✔-document which passes ownership from the
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grantor to the grantee | | |




Parts of a Deed - CORRECT ANSWER✔✔-Premises
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Habendum
Testimonium


The FREC shall consist of _____ members. - CORRECT ANSWER✔✔-7
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_____ members of the FREC must be licensed brokers, each of whom has held an
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active license for the _____ years preceding appointment. - CORRECT
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ANSWER✔✔-4; 5 |




Members of the FREC shall be appointed for ____ - year terms. - CORRECT
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ANSWER✔✔-4


One member of the FREC must be a licensed broker or a licensed sales associate
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who has held an active license for the ____ years preceding appointment. -
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CORRECT ANSWER✔✔-2 |




At least one member of the commission must be _____ years or older. - CORRECT
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ANSWER✔✔-60
|

, All services concerning Chapter 475 F.S., including, but not limited to,
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recordkeeping services, examination services, legal services, and investigative
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services, and those services in Chapter 455 F.S. necessary to perform the duties
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of this chapter shall be provided by the ________ of _________ ________. -
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CORRECT ANSWER✔✔-Division of Real Estate
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The DRE is funded by fees and assessments of the _____. - CORRECT
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ANSWER✔✔-FREC


How long can the Commission deny an application for licensure, registration, or
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permit, or renewal thereof? - CORRECT ANSWER✔✔-10 Years
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How long can the Commission place a licensee, registrant, or permittee on
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probation? - CORRECT ANSWER✔✔-10 Years | | | |




How long can the Commission suspend a license, registration, or permit? -
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CORRECT ANSWER✔✔-10 Years | |




The Commission can impose administrative fines of up to $______ for each count
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or separate offense. - CORRECT ANSWER✔✔-$5,000
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Within what time frame must mediation of an escrow disbursement conflict be
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successfully completed? - CORRECT ANSWER✔✔-90 days following the last
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demand