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Florida Real Estate License Exam-with 100% verified
solutions -tutor verified
The only active general partner in a real estate partnership did not account
properly for his escrowed funds. His license was suspended. All of the licenses of
the sales associates in that partnership are
A. Suspended
B. Canceled
C. Placed in involuntary inactive status
D. Not affected - (answers)C. Placed in involuntary inactive status
A sales associate is selling her own property "by owner." Which statement is TRUE
regarding real estate licensees selling property "by owner?"
a. The licensee must include the name of her broker in the ad.
b. The property must be listed with the sales associate's broker
c. The licensee must disclose in the ad that she is a real estate licensee.
d. The licensee should disclose to a buyer prospect that she holds a real estate
license at the first point of meaningful negotiation. - (answers)d. The licensee
should disclose to a buyer prospect that she holds a real estate license at the first
point of meaningful negotiation.
A member of the board of directors of real estate corporation A is also the owner
and broker of another real estate company. Which statement is TRUE?
a. He is in violation of Chapter 475, F.S
b. He may serve in a nonbrokerage capacity for real estate corporation A and be
the active broker for another real estate company.
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c. All of these apply
d. He must request a multiple license - (answers)b. He may serve in a
nonbrokerage capacity for real estate corporation A and be the active broker for
another real estate company.
What type of evidence, unless refuted by evidence to the contrary, will prove a
case?
a. Case law
b. Notarized
c. Enforceable
d. Prima facie - (answers)d. Prima facie
During its regular monthly meeting, the Commission modified several license fees
and broker advertising requirements. These actions will be reflected formally in
changes to
a. Rule 61J2.
b. Rule 22I
c. F.S. 475
d. F.S. 455. - (answers)a. Rule 61J2.
A nonresident who holds a Florida real estate license must
a. consent, once licensed, to having all documents notarized that become part of
future real estate transactions in which the nonresident licensee is involved.
b. become a Florida resident within the initial license period
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c. complete all required post-licensing and continuing education requirements.
d. accept permanent revocation of the license should any violation of the real
estate license law be upheld - (answers)c. complete all required post-licensing
and continuing education requirements.
A man owned two farms and a home when he died intestate. The court appointed
a personal representative to dispose of any portions of the decedent's estate that
might be subject to estate taxes and debts of the deceased. The personal
representative
a. may advertise, negotiate, and sell the property and be compensated for his
work without registering with the DBPR
b. must dispose of all real property through an active real estate broker.
c. must register with the DBPR if he expects to be paid for his work
d. must have the clerk of the circuit court auction any property sold - (answers)a.
may advertise, negotiate, and sell the property and be compensated for his work
without registering with the DBPR
A sales associate disputes the facts and allegations in an administrative complaint.
Which statement is TRUE regarding this situation?
a. The sales associate should refuse to sign the election of rights in protest
b. The sales associate should request the matter be heard in an informal hearing.
c. The matter must be heard in a formal hearing before an administrative law
judge
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d. The sales associate should file an objection to the administrative complaint and
mail it to the DBPR Secretary - (answers)c. The matter must be heard in a formal
hearing before an administrative law judge
A broker decides to relocate his real estate brokerage office. He notifies the
Commission of the change in business address. He also informs the Commission
of the names of three sales associates who are no longer associated with his
brokerage. The sales associates' licenses will be
A. suspended until they find new employment.
B. canceled.
C. placed in involuntary inactive status.
D. null and void - (answers)C. placed in involuntary inactive status.
A broker of a large office hired a certified public accountant (CPA) and a full-time
bookkeeper to manage the escrow account. Which statement is TRUE regarding
this situation?
A. The broker must be a signatory on the escrow account.
B. The broker is required to personally prepare the monthly escrow account
reconciliation statement.
C. The broker is relieved of liability in the event there is an escrow violation,
because a certified CPA has been hired to manage the escrow account.
Florida Real Estate License Exam-with 100% verified
solutions -tutor verified
The only active general partner in a real estate partnership did not account
properly for his escrowed funds. His license was suspended. All of the licenses of
the sales associates in that partnership are
A. Suspended
B. Canceled
C. Placed in involuntary inactive status
D. Not affected - (answers)C. Placed in involuntary inactive status
A sales associate is selling her own property "by owner." Which statement is TRUE
regarding real estate licensees selling property "by owner?"
a. The licensee must include the name of her broker in the ad.
b. The property must be listed with the sales associate's broker
c. The licensee must disclose in the ad that she is a real estate licensee.
d. The licensee should disclose to a buyer prospect that she holds a real estate
license at the first point of meaningful negotiation. - (answers)d. The licensee
should disclose to a buyer prospect that she holds a real estate license at the first
point of meaningful negotiation.
A member of the board of directors of real estate corporation A is also the owner
and broker of another real estate company. Which statement is TRUE?
a. He is in violation of Chapter 475, F.S
b. He may serve in a nonbrokerage capacity for real estate corporation A and be
the active broker for another real estate company.
,2|Page
c. All of these apply
d. He must request a multiple license - (answers)b. He may serve in a
nonbrokerage capacity for real estate corporation A and be the active broker for
another real estate company.
What type of evidence, unless refuted by evidence to the contrary, will prove a
case?
a. Case law
b. Notarized
c. Enforceable
d. Prima facie - (answers)d. Prima facie
During its regular monthly meeting, the Commission modified several license fees
and broker advertising requirements. These actions will be reflected formally in
changes to
a. Rule 61J2.
b. Rule 22I
c. F.S. 475
d. F.S. 455. - (answers)a. Rule 61J2.
A nonresident who holds a Florida real estate license must
a. consent, once licensed, to having all documents notarized that become part of
future real estate transactions in which the nonresident licensee is involved.
b. become a Florida resident within the initial license period
,3|Page
c. complete all required post-licensing and continuing education requirements.
d. accept permanent revocation of the license should any violation of the real
estate license law be upheld - (answers)c. complete all required post-licensing
and continuing education requirements.
A man owned two farms and a home when he died intestate. The court appointed
a personal representative to dispose of any portions of the decedent's estate that
might be subject to estate taxes and debts of the deceased. The personal
representative
a. may advertise, negotiate, and sell the property and be compensated for his
work without registering with the DBPR
b. must dispose of all real property through an active real estate broker.
c. must register with the DBPR if he expects to be paid for his work
d. must have the clerk of the circuit court auction any property sold - (answers)a.
may advertise, negotiate, and sell the property and be compensated for his work
without registering with the DBPR
A sales associate disputes the facts and allegations in an administrative complaint.
Which statement is TRUE regarding this situation?
a. The sales associate should refuse to sign the election of rights in protest
b. The sales associate should request the matter be heard in an informal hearing.
c. The matter must be heard in a formal hearing before an administrative law
judge
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d. The sales associate should file an objection to the administrative complaint and
mail it to the DBPR Secretary - (answers)c. The matter must be heard in a formal
hearing before an administrative law judge
A broker decides to relocate his real estate brokerage office. He notifies the
Commission of the change in business address. He also informs the Commission
of the names of three sales associates who are no longer associated with his
brokerage. The sales associates' licenses will be
A. suspended until they find new employment.
B. canceled.
C. placed in involuntary inactive status.
D. null and void - (answers)C. placed in involuntary inactive status.
A broker of a large office hired a certified public accountant (CPA) and a full-time
bookkeeper to manage the escrow account. Which statement is TRUE regarding
this situation?
A. The broker must be a signatory on the escrow account.
B. The broker is required to personally prepare the monthly escrow account
reconciliation statement.
C. The broker is relieved of liability in the event there is an escrow violation,
because a certified CPA has been hired to manage the escrow account.
