LICENSE LAW OF FLORIDA STATUES AND RULES TO
REAL ESTATE FREQUENTLY TESTED ACTUAL EXAM
QUESTIONS WITH CORRECT ANSWERS
Question 1.
Florida Statue 20. Chapter 20,
ANSWER
Organizational 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.
Question 2.
Florida Statute Chapter 475.
ANSWER
This law is often called the Real Estate Professional Practice Act. Chapter 475 was created by
the Florida Legislature to establish the legal rights and responsibilities of real estate licensees
and real estate appraisers
Question 3.
Florida statute Chapter 475 Part 1
ANSWER
Pertains to real estate brokerage. Literacy licensees are responsible for knowing the provisions
of this chapter. The Florida Real Estate Commission implements, interprets,and enforces the
regulatory provisions of Chapter 475
Question 4.
Florida Statues Chapter 475 Part 2
ANSWER
Pertains to real estate appraisers and set forth the requirements for licensed and certified
appraisers according to the federal statue. The Florida real estate appraisal board (FREAB)
regulate state- certified, licensed, and registered trainees appraisers. The FREAB functions very
similar to the Florida real estate commission (FREC). Both quasi-judicial bodies follow the same
procedures for disciplining licensees.
1/5
, Question 5.
Florida Statute Chapter 475 Part 3
ANSWER
The Commercial Real Estate License Commission Lean Act, gives a broker lien rights for earned
commission. This act applies only to commercial property (Not residential property). The lien is
only against the owners net proceeds (personal property) from the sale and does not attached
to the commercial real estate property.
Question 6.
Florida Statue Chapter 475 Part 4
ANSWER
The Commercial Real Estate Leasing Commission Lien Act, gives a broker lien rights for earned
commission associated with a brokerage agreement to lease commercial real estate.
Question 7.
Florida statue 455
ANSWER
The Regulation of Professions and Occupations defines the general legal practice and
procedure for the DBPR and the licensees of all professions regulated by the DBPR, including
real estate. Requirements concerning license examinations and the use of professional testing
service are set forth in Chapter 455.
Question 8.
Which Florida statute governs the DBPR and the professions under the DBPR?
ANSWER
The answer is Chapter 455, F.S. Florida Statute 455 governs the DBPR and the professions
regulated by the DBPR.
2/5
REAL ESTATE FREQUENTLY TESTED ACTUAL EXAM
QUESTIONS WITH CORRECT ANSWERS
Question 1.
Florida Statue 20. Chapter 20,
ANSWER
Organizational 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.
Question 2.
Florida Statute Chapter 475.
ANSWER
This law is often called the Real Estate Professional Practice Act. Chapter 475 was created by
the Florida Legislature to establish the legal rights and responsibilities of real estate licensees
and real estate appraisers
Question 3.
Florida statute Chapter 475 Part 1
ANSWER
Pertains to real estate brokerage. Literacy licensees are responsible for knowing the provisions
of this chapter. The Florida Real Estate Commission implements, interprets,and enforces the
regulatory provisions of Chapter 475
Question 4.
Florida Statues Chapter 475 Part 2
ANSWER
Pertains to real estate appraisers and set forth the requirements for licensed and certified
appraisers according to the federal statue. The Florida real estate appraisal board (FREAB)
regulate state- certified, licensed, and registered trainees appraisers. The FREAB functions very
similar to the Florida real estate commission (FREC). Both quasi-judicial bodies follow the same
procedures for disciplining licensees.
1/5
, Question 5.
Florida Statute Chapter 475 Part 3
ANSWER
The Commercial Real Estate License Commission Lean Act, gives a broker lien rights for earned
commission. This act applies only to commercial property (Not residential property). The lien is
only against the owners net proceeds (personal property) from the sale and does not attached
to the commercial real estate property.
Question 6.
Florida Statue Chapter 475 Part 4
ANSWER
The Commercial Real Estate Leasing Commission Lien Act, gives a broker lien rights for earned
commission associated with a brokerage agreement to lease commercial real estate.
Question 7.
Florida statue 455
ANSWER
The Regulation of Professions and Occupations defines the general legal practice and
procedure for the DBPR and the licensees of all professions regulated by the DBPR, including
real estate. Requirements concerning license examinations and the use of professional testing
service are set forth in Chapter 455.
Question 8.
Which Florida statute governs the DBPR and the professions under the DBPR?
ANSWER
The answer is Chapter 455, F.S. Florida Statute 455 governs the DBPR and the professions
regulated by the DBPR.
2/5
