FREC Study Guide | 100% Correct Answers | Verified | Latest 2024 Version

Identify the information on the Subdivision Plat Map - An engineer's plan for land use superimposed on a map to be developed . Distinguish among the three categories of residential construction. - Speculative (spec) homesbuilding without buyer in advance of construction, Custom home- constructs home with a buyer using plans, Tract homes- model homes Cite the fee waiver for military veterans and their spouses. - The DBPR has the authority to waive the application, license, and unlicensed activity fees for military veterans and their spouses who apply for a real estate license within 60 months after honorable discharged. This fee waiver does not include the examination fee and finger processing fee. What criminal history must be disclosed on the real estate license application? - 1)Whether the applicant has ever been convicted or found guilty of a crime, ever entered a plea of guilty or nolo contendere (no contest) to a crime or is currently under criminal investigation. 2) Ever done business under any name other than the name signed on the application. 3) Had a disciplinary action against a license to practice a regulated profession (including revocation, annulment, suspension, relinquishment, surrender, or pending investigation against a professional license). 4) Had an application for a real estate license denied or there is pending proceeding to deny an application. Know the purpose of requiring applicants to have a U.S. Social Security number. - To determine whether applicants are in compliance with child support obligations. Know the experience of requirements necessary to obtain a Florida broker's license. - Must have held an active real estate license for at least 24 months during a five-year period proceeding the application to become a Florida real estate broker. Name the individuals exempt from licensure under FS 475. - Persons who: sell cemetery plots, rent lots in a mobile home park , attorneys-at-law in a attorney-client relationship, certified public accountants, person who has power of attorney (attorney in fact), owners of time-shares, state-certified and licensed real estate appraisers who are licensed under 475, Part II, court-appointed individuals, hotel/motel clerks, federally regulated banks and dealers register