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Florida Real Estate Chap #2 License Law And Qualifications For Licensure Exam Questions With And Answers

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Voorbeeld 2 van de 9 pagina's

FLORIDA REAL ESTATE CHAP #2 LICENSE LAW AND QUALIFICATIONS FOR LICENSURE EXAM QUESTIONS WITH AND ANSWERS

Voorbeeld van de inhoud

FLORIDA REAL ESTATE CHAP #2
LICENSE LAW AND QUALIFICATIONS
FOR LICENSURE EXAM QUESTIONS
WITH AND ANSWERS
Mutual Recognition Agreement- - ANSWER-A transactional agreement between
Florida and another state that provides for the two states to recognize each other's
real estate license education.

A Florida resident is a person who has owned a home or rented an apartment for at
least three months.

A. True
B. False - ANSWER-B. False

The statement is false. A Florida resident is a person who has resided in Florida
continuously for four or more calendar months, regardless of whether the person
resided in a recreational vehicle, hotel, rental unit, or other temporary or permanent
location.

Examinees who qualify under mutual recognition must pass a Florida-specific real
estate law examination consisting of 40 questions.

A. True
B. False - ANSWER-A. True

The statement is true. Each licensee who applies for Florida licensure from a state
that has a current mutual recognition agreement with Florida must pass, with a grade
of at least 75%, a Florida-specific real estate law examination consisting of 40
questions worth one point each.

A person who has earned a two-year associate's degree in real estate from an
accredited institution of higher education is exempt from the sales associate
prelicense course.

A. True
B. False - ANSWER-B. False

The statement is false. Individuals who have received a four-year degree or higher in
real estate from an accredited institution of higher education are exempt from the
prelicense course.

U.S. citizenship is required to become licensed in Florida.

A. True
B. False - ANSWER-B. False

, The statement is false. U.S. citizenship is not required to become licensed in Florida.
However, applicants are required to indicate a U.S. Social Security number on the
application.

An attorney who is an active member of The Florida Bar is exempt from the sales
associate prelicense course.

A. True
B. False - ANSWER-A. True

The statement is true. Attorneys who are active members of The Florida Bar are
exempt from Course I.

Licensees who have received a four-year degree or higher in real estate from an
accredited institution of higher education are exempt from the 14-hour continuing
education requirement.

A. True
B. False - ANSWER-B. False

The statement is false. Individuals who have received a four-year degree or higher in
real estate from an accredited institution of higher education are not exempt from the
continuing education requirement.

Withhold Adjudication- - ANSWER-When the court determines that a defendant is
not likely to again engage in a criminal act and that the ends of justice and the
welfare of society do not require that the defendant suffer the penalty imposed by
law, the court may withhold adjudication of guilt, stay (stop) the imposition of the
sentence, and place the defendant on probation.

Nolo Contendere/no Contest- - ANSWER-A pleading of no contest by a defendant; a
plea in a criminal action not admitting guilt but subjecting the defendant to
punishment as though it were a guilty plea.

Expungement- - ANSWER-A process by which the record of a criminal conviction is
destroyed or sealed after expiration of time.

Reciprocity- - ANSWER-The practice of mutual exchanges of privileges. Some
states have reciprocal arrangements for recognizing and granting licenses to
licensed real estate professionals from other states.

Applicants who at one time plead no contest to a crime are required to disclose the
case on the license application.

A. True
B. False - ANSWER-A. True

The statement is true. Applicants who have entered a plea of guilty or nolo
contendere (no contest), even if court action (adjudication) was withheld, must

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