Update 2026 | Exam Prep PDF | Graded A+
Chapter 475 - correct answerReal Estate Law 1) Real Estate Brokerage 2) Appraisal
3)Commercial Sales Lien Rights 4) Commercial Leasing Lien Rights
Chapter 455 - correct answerRegulation of Businesses and Professions. Defines
general practices and procedures for DBPR , including the practice of Real Estate
FS 120 - correct answerLicensing and disciplinary procedures for Real Estate
Licensees
61J2 FAC - correct answerRules of the FREC
Department of Business and Professional Regulation - correct answerDBPR or BPR;
regulates business and professions; Secretary of DBPR appointed by the governor,
confirmed by the Senate.
Powers and Duties of the DBPR - correct answerAdopt rules and regulations; standing
to challenge any rule of Commission; prepare and administer examinations; issue
licenses; investigate complaints; seek evidence in investigation or proceeding (take
depositions and issue subpoenas)
Division Of Real Estate - correct answerDRE, Director appointed by Secretary of DBPR
subject to approval by Commission; provides all services concerning Chapter 475
Duties of Division - correct answerExecutive (investigation of complaints); Ministerial
(maintenance of records); Administrative (clerical and routine duties)
Funding of Division - correct answerFees and assessments of Commission
Principal Office of DRE - correct answerOrlando, by law
Purpose of 475 - correct answerProtect public from economic loss
Rules - correct answerImplement and prescribe law
Florida Real Estate Commission - correct answerFREC; agency; administers and
enforces administrative license law
Membership of FREC - correct answer7 members: 4 brokers, 1 broker OR sales
associate, 2 consumer members, 1 member 60 or older
,Appointment of Members - correct answerAppointed by governor for 4-year terms;
confirmed by senate.
Compensation of Members - correct answerNOT salaried employees of DBPR;
compensated for attending meetings
Election of Officers Annually - correct answerChairperson and Vice Chairperson elected
Official Records - correct answerMinute book and order book
Legislative (Quasi-Legislative) Powers - correct answerEnactment of rules and
regulations; can NOT conflict with constitution, statutes, and other laws; decide
questions of practice; validate records (imprinted with seal)
Adoption of Rules - correct answermust relate to duty or power of commission; notice
published 28 days prior to public hearing
Petition Regarding Rule - correct answerANY person regulated by FREC may petition
the Commission to adopt, amend, or repeal a rule
Effective Date of Rule - correct answer20 days after being filed with Secretary of State
Judicial (Quasi-Judicial) Powers - correct answersuspend, revoke, reprimand, censure
probation, and administrative fines
Public Hearing - correct answerANY affected person may present evidence and
argument at hearing
Appeal of FREC Decision - correct answerDistrict Court of Appeals
Delegation of FREC Power - correct answerany duties and powers EXCEPT disciplinary
powers and power to adopt rules
Specific Powers and Duties - correct answerAdopt a seal; certify documents (signed by
authorized person) and imprinted with seal; certificates are prima facie evidence of
authenticity in all courts in Florida; foster education; establish fees
Prima Facie Evidence - correct answer"On its face" a document or an action is
presumed to be true; may be refuted in court by evidence to the contrary
License - correct answerPiece of paper in pocket; prima facie evidence that person
holds current and valid licensure; includes name and license number
Registration - correct answerStatus; having name and address in computer; all
personas holding licensure also have registration but NOT all persons having
registration hold licensure
, Licensure - correct answerstatus; having name in computer qualifying a person as a
broker or sales associate; the right to ask for a license; status obtained by passing the
exam
Real Estate License is required if - correct answerPerson Performs A BAR SALE
services, involving real estate in Florida, FOR ANOTHER FOR COMPENSATION or the
implied intent to collect compensation UNLESS specifically exempt
A BAR SALE - correct answerAdvertise, Buy, Appraise, Rent or provide rental
information, Sell, Auction, Lease, and Exchange
License is also required if - correct answerAdvertises engaged in business of providing
agency services, takes part in procuring sellers, purchasers, lessors, or in negotiation of
closing of real estate transaction; sell time share plan
Legal Presumption - correct answerA person who sells or leases real estate which he or
she does not own (hold legal or equitable title) is presumed to be acting as a broker or
sales associate; burden of proof is on such person to sow not acting as broker or sales
associate
Contract to Employ Unlicensed Person - correct answerContract, option or other device
employed to permit unlicensed person to sell or lease real estate is null and void
Real Estate For Purpose of Licensure - correct answerAny interest or estate in land; any
interest in business enterprise or opportunity; including assignment, lease, leasehold,
sublease hold, or mineral right; time share
NOT Real Estate for Licensure - correct answerCemetery lot, renting of mobile home lot
in mobile home park
Compensation For Services - correct answerPaid or promised or with intent or
expectation to collect or receive anything of value
Performance Of Service - correct answerPrima Facie Evidence of expectation to be
paid
Payment to Unlicensed Person - correct answerViolation of Chapter 475, including
payment of referral fees; attorneys not exempt
Compensations to Foreign Broker - correct answerNot violation if paid by Florida broker
to foreign (outside Florida) broker AND foreign broker dos not violate any law of Florida
foreign broker may pay compensation to Florida Broker