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Florida RE License Law and Qualifications for Licensure QUESTIONS AND ANSWERS .

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Florida RE License Law and Qualifications for Licensure QUESTIONS AND ANSWERS .Florida RE License Law and Qualifications for Licensure QUESTIONS AND ANSWERS .

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Social Science Law


Florida RE License Law and Qualifications for
Licensure
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14 hours of CEU _____ hours of CEU's each licensees following the initial license period.
3 hours of core law _____ hours of core law
11 hours of specialty courses _____ hours of specialty courses


40 questions worth one point each 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 ______ questions worth
______ point each?


45 hour post-licensing course Sales associates must complete a ____ hour post licensing course before the
expiration of their initial license.


60 hour post licensing course Broker must complete a _____ hour post-licensing course during the initial license
period.


72 hours prelicense course To become a broker, applicants must complete a _______ hour prelicense course
Score of 70 with a score of at least ________; have at least ______ months of active real estate
24 months of active licensure during the previous five years; and successfully pass the state broker
exam.


Broker Is an individual person that arranges transactions between a buyer and a seller for
a commission when the deal is executed.


Broker associate A person who holds a broker's license but chooses to register and work in real
estate under the direction of another broker.


Certified public accountant (CPA) A _______ who is employed by a real estate corporation and receives a salary plus
bonuses based on real estate transactions, is NOT exempt from holding a Florida
real estate licenses.

, Chapter 61J2, Florida Administrative Code The administrative rules of the Florida Real Estate Commission are found in _____ of
the Florida Administrative Code.


Chapter 120, Governs: Procedural process for all governmental entities authorized under the
Florida Constitutution


Chapter 455, F.S. Governs: Dept of Business and Professional Regulation and the professions under
the department


Chapter 455 Business and Professional Regulation: General Provisions, defines the
general legal practice and procedure for the DBPR and the licensees of all
professions regulated by the DBPR, including real estate.


Autorizes the FREC to discipline a real estate licensee who failed to notifiy the
DBPR with in 30 days of a conviction, finding or guilt, plea, or adjudication of a
crime, regardless of where the event occurred.


Compensation ________ is defined as anything of value or a valuable consideration, directly or
indirectly paid, promised, or expected to be paid or received.


DBPR aka Department of Business and Professional Regulation


DRE aka Division of Real Estate: provides support services to the Commission (FREC)


Expungement _________ is to remove any record of an arrest or crime from the public record.


FAC aka Florida Administrative Code


False True or False


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


Florida Resident _________ is a person who has resided in FL continuously for a period of four
calendar months or more within the preceding year.


Florida Statue 20. Chapter 20 Governs: Executive branch of Florida government


Organization Structure, establishes the structure of the executive branch of
Florida's government.
- The Florida Constitution provides for the legislative, executive and judicial
branches of government.


- The executive branch executes the programs and policies adopted by
Legislature.


- The policies are implemented by the department of the executive branch,
including the Department of Business and Professional Regulation (DBPR)

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