BOB HOGUE UNIT 2 EXAM QUESTIONS AND ANSWERS

BOB HOGUE UNIT 2 EXAM QUESTIONS AND ANSWERS 1. Chapter ______________ is a set of administrative rules developed by the Florida Real Estate Commission. - Answer- 1. 61J2 2. Chapter ______________ of the Florida statutes establishes the structure of the executive branch of Florida's government. - Answer- 2. 20 3. A licensed real estate broker who chooses to register under an employing broker is referred to as a ______________ _______________. - Answer- 3. broker associate 4. Unlicensed sales staff employed by an owner-developer must be paid a __________________ and not ____________________ or other forms of compensation based on actual sales. - Answer- 4. salary, commission 5. Which fees are charged to a veteran applicant who applies for a real estate license within 60 months after honorable discharge? Choose all that apply. a. Application fee b. Initial licensing fee c. License exam fee d. Fingerprint processing fee e. Unlicensed activity fee (if applicable) f. Real Estate Recovery Fund fee (if applicable) - Answer- c. License exam fee d. Fingerprint processing fee f. Real Estate Recovery Fund fee (if applicable) 6. The time period for the DBPR to check for errors and omissions is ______________ days - Answer- 6. 30 7. The time period for the DBPR to inform the applicant of approval or denial of the license application is ______________ days. - Answer- 7. 90 8. An applicant is considered to be a Florida resident for licensure purposes if the applicant has resided in Florida for ______________ consecutive calendar months within the preceding year. - Answer- 8. four 9. Mutual recognition applicants must pass a ________ question real estate law license exam with a grade of ________ or higher - Answer- 9. 40, 75%