FLORIDA REAL ESTATE (REAL
ESTATE LICENSE LAW) EXAM PREP |
LAWS & RULES REVIEW PACK
When did Florida pass its first Real Estate Law? - correct answers ✔✔1923
When was the FREC created? - correct answers ✔✔1926
What is the purpose of the FREC? - correct answers ✔✔protect the public
What is the DBPR? - correct answers ✔✔Department of Business and Professional
Regulation
What is the Mission of the Department? - correct answers ✔✔to ensure that professions
and businesses provide quality services for the health, safety and welfare of citizens
and visitors in the great state of Florida
, What is the DRE? - correct answers ✔✔Division of Real Estate
What is the Division Responsible for? - correct answers ✔✔Protects the public by
regulating real estate and appraisal licensees
examination, licensing and regulation
verify the integrity of real estate salespersons and brokers by providing investigation
and support to areas of complaints by consumers and other professionals as needed
What is the FREC? - correct answers ✔✔Florida Real Estate Commission
What does the FREC do? - correct answers ✔✔the enforcer of real estate rules and
discipline
Who appoints the members of the FREC? - correct answers ✔✔appointed by the
Governor
How was real estate conducted in the past? - correct answers ✔✔By Caveat emptor:
"Let the buyer beware.
Who does Caveat Emptor still apply to? - correct answers ✔✔still applies to buyers and
sellers who conduct their own real estate business without the aid of a professional
What are the 3 categories of real estate licenses? - correct answers ✔✔Sales associate
Broker
Broker Associate
What is a sales associate? - correct answers ✔✔A person who provides real estate
services for another, for compensation under the direction, control and management of
a broker
What is a broker? - correct answers ✔✔A person who provides real estate services for
another, for compensation
What is a broker associate? - correct answers ✔✔Is a licensed broker who chooses to
work as a sales associate under the direction of another broker
How does an associate become active? - correct answers ✔✔The associate becomes
active by finding a broker-employer or an owner-developer
Is an applicant considered active or inactive when licensing requirements are met? -
correct answers ✔✔applicant is licensed as an inactive sales associate
In order to apply for a real estate license what must a person have before applying? -
correct answers ✔✔Must be 18 years or older
Have a high school diploma, or its equivalency
ESTATE LICENSE LAW) EXAM PREP |
LAWS & RULES REVIEW PACK
When did Florida pass its first Real Estate Law? - correct answers ✔✔1923
When was the FREC created? - correct answers ✔✔1926
What is the purpose of the FREC? - correct answers ✔✔protect the public
What is the DBPR? - correct answers ✔✔Department of Business and Professional
Regulation
What is the Mission of the Department? - correct answers ✔✔to ensure that professions
and businesses provide quality services for the health, safety and welfare of citizens
and visitors in the great state of Florida
, What is the DRE? - correct answers ✔✔Division of Real Estate
What is the Division Responsible for? - correct answers ✔✔Protects the public by
regulating real estate and appraisal licensees
examination, licensing and regulation
verify the integrity of real estate salespersons and brokers by providing investigation
and support to areas of complaints by consumers and other professionals as needed
What is the FREC? - correct answers ✔✔Florida Real Estate Commission
What does the FREC do? - correct answers ✔✔the enforcer of real estate rules and
discipline
Who appoints the members of the FREC? - correct answers ✔✔appointed by the
Governor
How was real estate conducted in the past? - correct answers ✔✔By Caveat emptor:
"Let the buyer beware.
Who does Caveat Emptor still apply to? - correct answers ✔✔still applies to buyers and
sellers who conduct their own real estate business without the aid of a professional
What are the 3 categories of real estate licenses? - correct answers ✔✔Sales associate
Broker
Broker Associate
What is a sales associate? - correct answers ✔✔A person who provides real estate
services for another, for compensation under the direction, control and management of
a broker
What is a broker? - correct answers ✔✔A person who provides real estate services for
another, for compensation
What is a broker associate? - correct answers ✔✔Is a licensed broker who chooses to
work as a sales associate under the direction of another broker
How does an associate become active? - correct answers ✔✔The associate becomes
active by finding a broker-employer or an owner-developer
Is an applicant considered active or inactive when licensing requirements are met? -
correct answers ✔✔applicant is licensed as an inactive sales associate
In order to apply for a real estate license what must a person have before applying? -
correct answers ✔✔Must be 18 years or older
Have a high school diploma, or its equivalency
