Bob Hogue Unit 2 UPDATED ACTUAL
Exam Questions and CORRECT Answers
In 1923 Real Estate License Law, Chapter 475 was passed. - CORRECT ANSWER True
Florida Real Estate Commission (FREC) - CORRECT ANSWER created in 1925 to
administer and enforce the license law., authority to keep records, conduct investigations, and the
power to grant, deny, suspend, and revoke licenses.
Division of Real Estate (DRE) - CORRECT ANSWER supports the Commission (FREC).
under the Dept. of Business & Professional Regulation (DBPR)
Florida Statute 20 - CORRECT ANSWER Organizational Structure, executive branch of
floridas government
Florida Statute Chapter 475 Part 1 - CORRECT ANSWER pertains to real estate
brokerage, sales associates, schools
Florida Statute Chapter 475 Part 2 - CORRECT ANSWER pertains to real estate
appraisers and sets forth requirements for licensed and certified appraisers according to federal
statute. FREAB (florida real estate appraisal board) regulates state certified, licensed and
registered trainee appraisers
Florida Statute Chapter 475 Part 3 - CORRECT ANSWER commercial real estate sales
commision lien act gives broker lien rights for earned commission. applies to commercial
property, NOT residential. Lien is only against the onwers new proceeds from the sale and does
not attach to the commercial real property.
Florida Statute Chapter 475 Part 4 - CORRECT ANSWER The 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.
Exam Questions and CORRECT Answers
In 1923 Real Estate License Law, Chapter 475 was passed. - CORRECT ANSWER True
Florida Real Estate Commission (FREC) - CORRECT ANSWER created in 1925 to
administer and enforce the license law., authority to keep records, conduct investigations, and the
power to grant, deny, suspend, and revoke licenses.
Division of Real Estate (DRE) - CORRECT ANSWER supports the Commission (FREC).
under the Dept. of Business & Professional Regulation (DBPR)
Florida Statute 20 - CORRECT ANSWER Organizational Structure, executive branch of
floridas government
Florida Statute Chapter 475 Part 1 - CORRECT ANSWER pertains to real estate
brokerage, sales associates, schools
Florida Statute Chapter 475 Part 2 - CORRECT ANSWER pertains to real estate
appraisers and sets forth requirements for licensed and certified appraisers according to federal
statute. FREAB (florida real estate appraisal board) regulates state certified, licensed and
registered trainee appraisers
Florida Statute Chapter 475 Part 3 - CORRECT ANSWER commercial real estate sales
commision lien act gives broker lien rights for earned commission. applies to commercial
property, NOT residential. Lien is only against the onwers new proceeds from the sale and does
not attach to the commercial real property.
Florida Statute Chapter 475 Part 4 - CORRECT ANSWER The 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.
