REPL EXAM QUESTIONS AND ANSWERS 100% ACCURATE!

A $1.5 billion agency regulating one million professionals and businesses across some 200 licensee categories in Florida is: - ANSWER-The Florida Department of Business and Professional Regulation. Who elects the Chairperson of the FREC? - ANSWER-The FREC Members What is the primary mission of FREC? - ANSWER-To protect the public Nelson just received his Florida license. Which of the following will NOT be on the license? - ANSWER-An Equal Housing Opportunity Logo Broker Norman failed to display an office entrance sign. Which disciplinary action is Norman most likely to receive? - ANSWER-A citation Jane cheated on her real estate examination and was caught. What will happen? - ANSWER-Jane will have her application denied. A veteran sales associate's license expired on September 30. What will be the status of the license on Oct. 1? - ANSWER-The license is involuntarily inactive. Katherine loves to show and sell houses for others for compensation. She has been doing so for two years and without a license. She has been caught and she wants to obtain a license. What is likely to happen? - ANSWER-The FREC may deny her license since she was holding herself out to be a licensee, practicing real estate in the previous year. The Real Estate Recovery Fund - ANSWER-Was designed to serve as consumer protection for those consumers who were harmed in a real estate transaction. Jane is a college graduate with a four-year degree in real estate. She has a sales associate's license and seeks to renew the license for the second time. What must she do? - ANSWER-She must take 14 hours of continued education. She must fill out the form, pay the fee, and return it before the expiration date. In a licensee's personal business budget, a trade association fee would qualify as what type of expense? - ANSWER-Operating expense What does it mean to "qualify" a seller in real estate? - ANSWER-To find out if the seller is truly ready to sell