Florida Mutual Recognition UPDATED ACTUAL Questions And Correct Answers
C
Terms in this set (21)
Involuntarily inactive status" means the licensure status that results when a license is not renewed at the end of
the license period prescribed by the department.
"Principal" means the party with whom a real estate licensee has entered into a single agent
relationship.
Transaction broker means a broker who provides limited representation to a buyer, a seller, or both,
in a real estate transaction, but does not represent either in a fiduciary capacity
Voluntarily inactive status" means the licensure status that results when a licensee has applied to the
department to be placed on inactive status and has paid the fee prescribed by
rule
Florida Real Estate Commission. The commission shall consist of seven members
Four members must be licensed brokers,
two members must be persons who don't have license
1 must be 60
4 year term
involuntarily inactive licenses can be reactivated for more than 12 months but fewer than 24 28hours cont ed
Any license that has been involuntarily inactive for more automatically expire. it becomes null and void
than 2 years shall
A licensed broker may be issued upon request additional as a broker, but not as a sales associate or as a broker associate
licenses...
A sales associate or broker associate shall have no more one registered employer at any one time.
than
Brokers Door Sign must contain name, trade name, and licensed broker
License to expire on change of address. —A license shall cease to be in force whenever a broker changes her or his
business address, a real estate school operating under a permit
discipline may place a licensee, registrant, or permittee on probation; may suspend a
license, registration, or permit for a period not exceeding 10 years; may revoke a
license, registration, or permit; may impose an administrative fine not to exceed
$5,000 for each count or separate offense
C
Terms in this set (21)
Involuntarily inactive status" means the licensure status that results when a license is not renewed at the end of
the license period prescribed by the department.
"Principal" means the party with whom a real estate licensee has entered into a single agent
relationship.
Transaction broker means a broker who provides limited representation to a buyer, a seller, or both,
in a real estate transaction, but does not represent either in a fiduciary capacity
Voluntarily inactive status" means the licensure status that results when a licensee has applied to the
department to be placed on inactive status and has paid the fee prescribed by
rule
Florida Real Estate Commission. The commission shall consist of seven members
Four members must be licensed brokers,
two members must be persons who don't have license
1 must be 60
4 year term
involuntarily inactive licenses can be reactivated for more than 12 months but fewer than 24 28hours cont ed
Any license that has been involuntarily inactive for more automatically expire. it becomes null and void
than 2 years shall
A licensed broker may be issued upon request additional as a broker, but not as a sales associate or as a broker associate
licenses...
A sales associate or broker associate shall have no more one registered employer at any one time.
than
Brokers Door Sign must contain name, trade name, and licensed broker
License to expire on change of address. —A license shall cease to be in force whenever a broker changes her or his
business address, a real estate school operating under a permit
discipline may place a licensee, registrant, or permittee on probation; may suspend a
license, registration, or permit for a period not exceeding 10 years; may revoke a
license, registration, or permit; may impose an administrative fine not to exceed
$5,000 for each count or separate offense
