Gold Coast Real Estate: Chapter 2
(Exempt from licensure) Attorneys-in-fact - ANS-Granted authority under power of attorney
to act for others
\(Exempt from licensure) Court appointees - ANS-Appointed by a court of law to perform
services of real estate. They may charge a fee or salary but no commission.
\(Exempt from licensure) Individuals - ANS-May buy, sell, or perform real estate for
themselves
\(Exempt from licensure) Salaried employees - ANS-A tenant of an apartment community
may receive up to 50$ cash for the referral of new tenant.
\(Exempt from licensure) Trustees, Receivers, Masters in chancery, Court-appointed
appraisers - ANS-Court appointees
\1 year - ANS-You have this long to retake class exam after failing
\14 hours - ANS-The continuing education requirement consists of ______.
\1919: - ANS-California enacted the first real estate license law
\1923: - ANS-Florida enacted the first real estate license law. Ineffective because of
expensive & time consumption.
\1925: - ANS-FREC was created to administer & enforce law.
\1941: - ANS-Real estate license law was designated as chapter 475 of Florida Statutes
\1979 & 1982 - ANS-FREC was taken out then Reinstated
\1988: - ANS-FS 475 was going under modification, while postlicensing requirements and a
program for appraisers was created.
\1991: - ANS-FS 475 Revised by the creation of Part I and Part II. Part I concerning real
estate licenses, Part II concerning appraisers.
\1993: - ANS-DPBR (Department of Business and Professional Regulation)
\1997-2006: - ANS-Disclosure requirements were revised and modified repeatedly
\2 years - ANS-Brokers must wait how long before taking the state examination?
\2 years - ANS-The notice of satisfactory completion of a prelicense course is valid for how
long?
\2-3 weeks - ANS-Time it takes to receive license through mail
\24 hours - ANS-Minimum wait time to retake state exam
\30 Days - ANS-Minimum wait time to retake class exam after failing
\45 hours - ANS-The postlicense educational course for sales associates consists of
_______ .
\50$ - ANS-How much may a tenant receive for referring a new tenant?
\60 hours - ANS-How many hours are required to renew a brokers license?
\Application approval - ANS-must pass state test within 2 years of approval.
\Application denial - ANS-Applicant has 21 days to request formal hearing
\Attorneys - ANS-Who is exempt from the course and examination?
\Continuing education: - ANS-EVERY 2 YEARS
\Do you have to be Resident of Florida, or US Citizen? - ANS-NO
\DPBR (Department of Business and Professional Regulation) - ANS-"the Department:
\DRE (Division of Real Estate) - ANS-"the Division"
\Employment by a broker - ANS-Sales associate can only work under one employer at a
time
(Exempt from licensure) Attorneys-in-fact - ANS-Granted authority under power of attorney
to act for others
\(Exempt from licensure) Court appointees - ANS-Appointed by a court of law to perform
services of real estate. They may charge a fee or salary but no commission.
\(Exempt from licensure) Individuals - ANS-May buy, sell, or perform real estate for
themselves
\(Exempt from licensure) Salaried employees - ANS-A tenant of an apartment community
may receive up to 50$ cash for the referral of new tenant.
\(Exempt from licensure) Trustees, Receivers, Masters in chancery, Court-appointed
appraisers - ANS-Court appointees
\1 year - ANS-You have this long to retake class exam after failing
\14 hours - ANS-The continuing education requirement consists of ______.
\1919: - ANS-California enacted the first real estate license law
\1923: - ANS-Florida enacted the first real estate license law. Ineffective because of
expensive & time consumption.
\1925: - ANS-FREC was created to administer & enforce law.
\1941: - ANS-Real estate license law was designated as chapter 475 of Florida Statutes
\1979 & 1982 - ANS-FREC was taken out then Reinstated
\1988: - ANS-FS 475 was going under modification, while postlicensing requirements and a
program for appraisers was created.
\1991: - ANS-FS 475 Revised by the creation of Part I and Part II. Part I concerning real
estate licenses, Part II concerning appraisers.
\1993: - ANS-DPBR (Department of Business and Professional Regulation)
\1997-2006: - ANS-Disclosure requirements were revised and modified repeatedly
\2 years - ANS-Brokers must wait how long before taking the state examination?
\2 years - ANS-The notice of satisfactory completion of a prelicense course is valid for how
long?
\2-3 weeks - ANS-Time it takes to receive license through mail
\24 hours - ANS-Minimum wait time to retake state exam
\30 Days - ANS-Minimum wait time to retake class exam after failing
\45 hours - ANS-The postlicense educational course for sales associates consists of
_______ .
\50$ - ANS-How much may a tenant receive for referring a new tenant?
\60 hours - ANS-How many hours are required to renew a brokers license?
\Application approval - ANS-must pass state test within 2 years of approval.
\Application denial - ANS-Applicant has 21 days to request formal hearing
\Attorneys - ANS-Who is exempt from the course and examination?
\Continuing education: - ANS-EVERY 2 YEARS
\Do you have to be Resident of Florida, or US Citizen? - ANS-NO
\DPBR (Department of Business and Professional Regulation) - ANS-"the Department:
\DRE (Division of Real Estate) - ANS-"the Division"
\Employment by a broker - ANS-Sales associate can only work under one employer at a
time
