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FREC Exam Questions and Answers 100% PASS

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FREC Exam Questions and Answers 100% PASS

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FREC Exam Questions and
Answers 100% PASS

Chapter 475 - CORRECT ANSWER-Real Estate Law 1) Real Estate Brokerage 2)

Appraisal 3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights

Chapter 455 - CORRECT ANSWER-Regulation of Businesses and Professions.

Defines general practices and procedures for DBPR , including the practice of Real

Estate

FS 120 - CORRECT ANSWER-Licensing and disciplinary procedures for Real

Estate Licensees

61J2 FAC - CORRECT ANSWER-Rules of the FREC

Department of Business and Professional Regulation - CORRECT ANSWER-

DBPR or BPR; regulates business and professions; Secretary of DBPR appointed

by the governor, confirmed by the Senate.

Powers and Duties of the DBPR - CORRECT ANSWER-Adopt rules and

regulations; standing to challenge any rule of Commission; prepare and administer

examinations; issue licenses; investigate complaints; seek evidence in investigation

or proceeding (take depositions and issue subpoenas)

, Division Of Real Estate - CORRECT ANSWER-DRE, Director appointed by

Secretary of DBPR subject to approval by Commission; provides all services

concerning Chapter 475

Duties of Division - CORRECT ANSWER-Executive (investigation of

complaints); Ministerial (maintenance of records); Administrative (clerical and

routine duties)

Funding of Division - CORRECT ANSWER-Fees and assessments of

Commission

Principal Office of DRE - CORRECT ANSWER-Orlando, by law

Purpose of 475 - CORRECT ANSWER-Protect public from economic loss

Rules - CORRECT ANSWER-Implement and prescribe law

Florida Real Estate Commission - CORRECT ANSWER-FREC; agency;

administers and enforces administrative license law

Membership of FREC - CORRECT ANSWER-7 members: 4 brokers, 1 broker

OR sales associate, 2 consumer members, 1 member 60 or older

Appointment of Members - CORRECT ANSWER-Appointed by governor for 4-

year terms; confirmed by senate.

Compensation of Members - CORRECT ANSWER-NOT salaried employees of

DBPR; compensated for attending meetings


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