Chapter 6 - Gold Coast Real Estate Homework fully solved 2024

Chapter 6 - Gold Coast Real Estate Homework fully solved 2024What is the purpose of the FREC disciplinary guidelines? (a) To extend the meaning of the law (b) To specify and implement the law (c) To give new meaning to the law (d) To give licensees notice of the range of penalties that normally will be imposed for violation of a law or rule - correct answer (d) To give licensees notice of the range of penalties that normally will be imposed for violation of a law or rule Who reports findings of fact to the Commission at the conclusion of an administrative hearing? (a) An attorney (b) The Division of Real Estate investigator (c) The Division of Real Estate prosecutors (d) The administrative law judge - correct answer (d) The administrative law judge What happens if a respondent fails to answer an administrative complaint? (a) The defendant will be issued a subpoena. (b) The Commission will dismiss charges against the licensee. (c) The Commission will proceed with the hearing. (d) The Department of Business and Professional Regulation will send investigators to arrest the licensee. - correct answer (c) The Commission will proceed with the hearing. The range of penalties that may be imposed on a licensee by the Commission for violation of law or rules includes which of the following? (a) Denial, reprimand, fine, probation, suspension and revocation (b) Imprisonment only (c) A fine and imprisonment only (d) A fine, reprimand, denial, suspension, revocation and imprisonment - correct answer (a) Denial, reprimand, fine, probation, suspension and revocation An appeal of a Commission final order is filed with which of the following? (a) Florida Supreme Court (b) District Court of Appeals (c) County court (d) Department of Administrative Hearings - correct answer (b) District Court of Appeals Which of the following statements best describes the Probable Cause Panel? (a) The Probable Cause Panel is composed of three Florida Real Estate Commission members, no more than one of which may be a lay member. (b) The Probable Cause Panel is an exercise of the quasi-judicial powers of the Florida Real Estate Commission. (c) The Probable Cause Panel determines guilt or innocence and submits a recommended order to the Florida Real Estate Commission. (d) The Probable Cause Panel has 30 days from receipt of a complete report to recommend dismissal or issuance of a formal complaint. - correct answer (d) The Probable Cause Panel has 30 days from receipt of a complete report to recommend dismissal or issuance of a formal complaint. What is the charge for anyone found guilty of using false or misleading advertising? (a) Third-degree misdemeanor (b) Second-degree misdemeanor (c) First-degree misdemeanor (d) Third-degree felony - correct answer (b) Second-degree misdemeanor What is the maximum amount of money that can be paid from the Real Estate Recovery Fund to three persons who suffered monetary loss as the result of a fraudulent act committed by a real estate licensee and have been awarded a single judgment? (a) $150,000 (b) $50,000