CHAPTER 2: REAL ESTATE LAWS &
RULES COMPLETE PRACTICE TEST +
ANSWERS
D. Building codes and standards - correct answers ✔✔All entities are regulated by
Florida Statute 475, EXCEPT:
A. Real estate schools
B. Real estate licensees
C. Appraisers
D. Building codes and standards
A. Federal Laws - correct answers ✔✔Licensees, at times, may be responsible for the
implementation of ______. Examples of these that affect the practice of real estate
, include but are not limited to FIRPTA, the Clean Air Act, and the Federal Residential
Lead-Based Paint Hazard Reduction Act of 1992.
A. Federal Laws
B. State Laws
C. Local Laws
D. FREC Regulations
D. 61J2 - correct answers ✔✔Which chapter of the Florida Administrative Code
provides rules for FREC enforcement of Chapter 475 of the Florida Statutes?
A. 61J1
B. 455
C. 718
D. 61J2
C. Their customers (the sellers) - correct answers ✔✔Most disclosure laws came about
from a class action lawsuit that took place from 1986 to 1992. To whom did a large real
estate company in Minnesota fail to disclose that they were representing both buyers
and sellers in the same transaction?
A. DBPR
B. NAR
C. Their customers (the sellers)
D. FREC
D. F.A.C. 61J2-24 - correct answers ✔✔Licensees are held accountable for rules in
general, and for acting ethically and responsibly. Most violations that could require full
disciplinary hearing are identified with specific procedural actions under which Florida
Administrative Code?
A. F.A.C 5J-20.002
B. F.A.C 64C-10.001
C. F.A.C. 40E-1.800
D. F.A.C. 61J2-24
D. License suspension to revocation - correct answers ✔✔A licensee who practices
beyond their scope as a sales associate could be subject to a full disciplinary hearing
and what other penalty for their first violation?
A. $3000 fine
B. $5000 fine
C. $4000 fine
D. License suspension to revocation
RULES COMPLETE PRACTICE TEST +
ANSWERS
D. Building codes and standards - correct answers ✔✔All entities are regulated by
Florida Statute 475, EXCEPT:
A. Real estate schools
B. Real estate licensees
C. Appraisers
D. Building codes and standards
A. Federal Laws - correct answers ✔✔Licensees, at times, may be responsible for the
implementation of ______. Examples of these that affect the practice of real estate
, include but are not limited to FIRPTA, the Clean Air Act, and the Federal Residential
Lead-Based Paint Hazard Reduction Act of 1992.
A. Federal Laws
B. State Laws
C. Local Laws
D. FREC Regulations
D. 61J2 - correct answers ✔✔Which chapter of the Florida Administrative Code
provides rules for FREC enforcement of Chapter 475 of the Florida Statutes?
A. 61J1
B. 455
C. 718
D. 61J2
C. Their customers (the sellers) - correct answers ✔✔Most disclosure laws came about
from a class action lawsuit that took place from 1986 to 1992. To whom did a large real
estate company in Minnesota fail to disclose that they were representing both buyers
and sellers in the same transaction?
A. DBPR
B. NAR
C. Their customers (the sellers)
D. FREC
D. F.A.C. 61J2-24 - correct answers ✔✔Licensees are held accountable for rules in
general, and for acting ethically and responsibly. Most violations that could require full
disciplinary hearing are identified with specific procedural actions under which Florida
Administrative Code?
A. F.A.C 5J-20.002
B. F.A.C 64C-10.001
C. F.A.C. 40E-1.800
D. F.A.C. 61J2-24
D. License suspension to revocation - correct answers ✔✔A licensee who practices
beyond their scope as a sales associate could be subject to a full disciplinary hearing
and what other penalty for their first violation?
A. $3000 fine
B. $5000 fine
C. $4000 fine
D. License suspension to revocation
