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FL REAL ESTATE LAWS & RULES PRACTICE EXAM – 2025 STUDY GUIDE

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FL REAL ESTATE LAWS & RULES PRACTICE EXAM – 2025 STUDY GUIDE

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FL Real Estate Laws & Rules
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FL Real Estate Laws & Rules

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FL REAL ESTATE LAWS & RULES
PRACTICE EXAM – 2025 STUDY
GUIDE




Florida Statute 20 Chapter 20, Organizational Structure - correct answers
✔✔Establishes the structure of the executive branch of Florida's government. The
Florida Constitution provides for the legislative, executive, and judicial branches of
government. The executive branch executes the programs and policies adopted by the
Legislature. The policies are implemented by the departments of the executive branch,
including the Department of Business and Professional Regulation (DBPR). The
Division of Real Estate (DRE) provides support services to the Commission. The DRE is
under the Department of Business and Professional Regulation (DBPR)

, Florida Statute Chapter 475;
The "Real Estate Professional Practice Act" - correct answers ✔✔This statute
establishes the legal rights and responsibilities of real estate licensees and real estate
appraisers. It is divided into 4 parts:
- Real Estate Brokerage (licensees should know this content). The Florida Real Estate
Commission (FREC) implements, interprets, and enforces the regulatory provisions of
Chapter 475.
- Real Estate Appraisers - sets forth the requirements for licensed and certified
appraisers according to federal statute. The Florida Real Estate Appraisal Board
(FREAB) regulates state-certified, licensed, and registered trainee appraisers. The
FREAB functions very similarly to the Florida Real Estate Commission (FREC). Both
quasi-judicial bodies follow the same procedures for disciplining licensees.
- Commercial Real Estate Sales Commission Lien Act - gives a broker lien rights for
earned commission. Applies only to commercial property, not residential property. The
lien is only against the owner's net proceeds (personal property) from the sale and does
not attach to the commercial real property
- Commercial Real Estate Leasing Commission Lien Act - gives a broker lien rights for
earned commission associated with a brokerage agreement to lease commercial real
estate

Chapter 455, Business and Professional Regulation - General Provisions - correct
answers ✔✔Defines the general legal practice and procedure for the DBPR and the
licensees of all professions regulated by the DBPR, including real estate. Examples:
- Section 455.10 of the statute provides that an individual cannot be disqualified from
practicing an occupation or profession regulated by the State of Florida solely because
the person is not a U.S. citizen
-Another section of this statute sets forth laws regarding Commission and board
organization, meetings, compensation, etc.
- Also addresses the unlicensed practice of a profession, including real estate
- Requirements concerning license examinations and the use of professional testing
services
- Also mandates what actions the DBPR may take in regulating licensees. (Licensees
who fail to comply with the provisions of this chapter can be disciplined by the FREC)

Florida Statute 120. The Administrative Procedure Act - correct answers ✔✔Defines the
procedural process by which regulatory agencies decide and implement agency action.
The licensing and disciplinary process for real estate licensees is outlined in this
chapter.

Chapter 61J2 - Rules of the Florida Real Estate Commission - correct answers ✔✔A set
of administrative rules developed by the Florida Real Estate Commission, pursuant to
the rule making process outlined in Chapter 120, Florida Statutes. Administrative rules
are published in the Florida Administrative Code (FAC). The FREC promulgates these
rules to expand upon the statutory provisions of Chapter 475, Florida Statutes, by
addressing in greater detail, the principles of practice for the real estate profession
(appraisal rules are in Chapter 61J1 of the FAC).

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