Florida Real Estate exam Important
dates and time periods Questions with
Accurate Answers
Number of days to notify the DBPR regarding a change of business address or a
change in current mailing address. - ANSWERS10 days
Number of days a sales associate, broker associate, or an instructor has to notify the
FREC of a change of employer? - ANSWERS10 day
Grace period after discharge from military duty to renew license? - ANSWERS6 months
Time period after which involuntary inactive license becomes null and void. -
ANSWERS2 years
Period required to retain brokerage relationship disclosures for all transactions that
result in a written contract. - ANSWERS5 years
Time period for sales associate to turn funds over to broker. - ANSWERSend of next
business day
Time period for broker to deposit funds into escrow account. - ANSWERSend of third
business day (time begins the day after the broker is given the money) If broker is given
money on Monday, then Tuesday is day one, Wednesday is day two and money has to
be deposited by the end of day three (Thursday).
Number of days to correct minor infractions listed in notice of non compliance. -
ANSWERS15 days
Number of days after which a final order becomes effective. - ANSWERS30 days
Time period to file an appeal. - ANSWERS30 days
Number of days a licensee has to accept or file a written objection to a citation. (chapter
5) - ANSWERS60 days
Penalty for second degree misdemeanor. (chapter 5) - ANSWERS60 days and/or $500
fine
Penalty for first degree misdemeanor. (chapter 5) - ANSWERS1 year and/or $1000 fine
Time period allowed to file claim against recovery fund. (chapter 5) - ANSWERS2 years
dates and time periods Questions with
Accurate Answers
Number of days to notify the DBPR regarding a change of business address or a
change in current mailing address. - ANSWERS10 days
Number of days a sales associate, broker associate, or an instructor has to notify the
FREC of a change of employer? - ANSWERS10 day
Grace period after discharge from military duty to renew license? - ANSWERS6 months
Time period after which involuntary inactive license becomes null and void. -
ANSWERS2 years
Period required to retain brokerage relationship disclosures for all transactions that
result in a written contract. - ANSWERS5 years
Time period for sales associate to turn funds over to broker. - ANSWERSend of next
business day
Time period for broker to deposit funds into escrow account. - ANSWERSend of third
business day (time begins the day after the broker is given the money) If broker is given
money on Monday, then Tuesday is day one, Wednesday is day two and money has to
be deposited by the end of day three (Thursday).
Number of days to correct minor infractions listed in notice of non compliance. -
ANSWERS15 days
Number of days after which a final order becomes effective. - ANSWERS30 days
Time period to file an appeal. - ANSWERS30 days
Number of days a licensee has to accept or file a written objection to a citation. (chapter
5) - ANSWERS60 days
Penalty for second degree misdemeanor. (chapter 5) - ANSWERS60 days and/or $500
fine
Penalty for first degree misdemeanor. (chapter 5) - ANSWERS1 year and/or $1000 fine
Time period allowed to file claim against recovery fund. (chapter 5) - ANSWERS2 years
