REAL ESTATE CH. 3: LICENSE LAW AND FREC RULES
How does a person become a member of the Florida Real Estate Commission? -
Answer -Appointed by the Governor and confirmed by the Florida Senate
Which of the following sanctions is not within the jurisdiction of the FREC? - Answer -
Imprisonment
if Jorge wants to be the broker of record of Realty Inc. and Property Inc. simultaneously,
which type of license should he acquire? - Answer -Multiple license
What is an example of FREC's quasi-legislative powers? - Answer -Make rules
A group license: - Answer -Allows licensees to work for various properties owned and
developed by the same individual, although the properties are owned in the name of
different interlocking or affiliated entities.
Bill works for Broker Jeff, but Broker Jeff's license has just been suspended for a year
and no replacement broker is appointed. Bill's license status will become: - Answer -
Involuntary inactive
FREC is located in: - Answer -Orlando
If a brokerage has their only broker of record resign, how many days does the
brokerage have to appoint a replacement and avoid cancellation? - Answer -14
Calendar Days
If Kathy's license expired 28 months ago, what is her license status now? - Answer -
Null and Void
If a SA license is voluntary inactive, and expires on Sept 30, but the licensee has not
completed their 14 hours continuing education, the license will be declared: - Answer -
Involuntary inactive
Which of the following could cause SA Jim's license to become involuntary inactive? -
Answer -Jim did not complete 14 hours of continuing education before his license
expired; His employing broker was suspended; His employing brokerage had its
registration cancelled.
SA Donna has started working with a new broker. Which of the following statements is
correct? - Answer -The Division of Real Estate must be notified of her change of her
employer within 10 days
Randy has just passed his state real estate exam. His initial license status will be: -
Answer -Voluntary inactive
How does a person become a member of the Florida Real Estate Commission? -
Answer -Appointed by the Governor and confirmed by the Florida Senate
Which of the following sanctions is not within the jurisdiction of the FREC? - Answer -
Imprisonment
if Jorge wants to be the broker of record of Realty Inc. and Property Inc. simultaneously,
which type of license should he acquire? - Answer -Multiple license
What is an example of FREC's quasi-legislative powers? - Answer -Make rules
A group license: - Answer -Allows licensees to work for various properties owned and
developed by the same individual, although the properties are owned in the name of
different interlocking or affiliated entities.
Bill works for Broker Jeff, but Broker Jeff's license has just been suspended for a year
and no replacement broker is appointed. Bill's license status will become: - Answer -
Involuntary inactive
FREC is located in: - Answer -Orlando
If a brokerage has their only broker of record resign, how many days does the
brokerage have to appoint a replacement and avoid cancellation? - Answer -14
Calendar Days
If Kathy's license expired 28 months ago, what is her license status now? - Answer -
Null and Void
If a SA license is voluntary inactive, and expires on Sept 30, but the licensee has not
completed their 14 hours continuing education, the license will be declared: - Answer -
Involuntary inactive
Which of the following could cause SA Jim's license to become involuntary inactive? -
Answer -Jim did not complete 14 hours of continuing education before his license
expired; His employing broker was suspended; His employing brokerage had its
registration cancelled.
SA Donna has started working with a new broker. Which of the following statements is
correct? - Answer -The Division of Real Estate must be notified of her change of her
employer within 10 days
Randy has just passed his state real estate exam. His initial license status will be: -
Answer -Voluntary inactive
