Answers| New Updated
Edition|
Which statement correctly applies to an actively licensed
attorney who is a member in good standing with the Florida
Bar?
(a) The attorney may charge commissions is connection with
real estate activities.
(b) The attorney is exempt from biennial 14-hour continuing
education requirements to maintain a real estate license.
(c) The attorney is not allowed to simultaneously hold a real
estate license.
(d) The attorney may be licensed as a real estate broker, but not
as a sales associate. - ANSWER-Your answer: B
,Actively licensed Florida attorneys who are in good standing
with the Florida Bar and are otherwise qualified under the real
estate license law are exempt from the 14-hour biennial
continuing education license renewal requirements.
Reference: Chapter 2, Renewing a Florida Real Estate License,
Continuing Education (CE)
16. What is a broker associate?
(a) A broker who employs sales associates
(b) A sales associate
(c) A broker who is employed as a sales associate
(d) A sales associate who is employed as a broker - ANSWER-
Your answer: C
,A broker associate has passed the state broker exam and is
qualified to receive a broker's license, but chooses instead to be
employed under the direction, control, and management of an
actively licensed broker or owner-developer. In this capacity, the
broker associate acts as a sales associate, not a broker.
Reference: Chapter 2, Obtaining a Florida Real Estate License,
License Categories - Broker Associate
17. Florida has an agreement with some other states which
recognizes the similarity in education and experience
requirements for licensees. What is the agreement called?
(a) Reciprocity
(b) Mutual recognition
(c) Cooperative licensure
, (d) Intrastate licensing - ANSWER-Your answer: B
The state of Florida has contractual agreements, referred to as
mutual recognition, with a limited number of states recognizing
the similarity in the content of their mutual educational and
experience requirements for real estate licensing.
Reference: Chapter 2, Obtaining a Florida Real Estate License,
Obtaining a License by Mutual Recognition
18. Which of the following statements is true regarding a
plumber who has been appointed by a court to appraise a small
business?
(a) The plumber is in violation of F.S. 475.
(b) The plumber is allowed to charge a commission.