Florida Broker Exam Flashcards with 396 Questions And Answers

Executive Branch of Florida Government (including the DBPR) - ️️Florida Statue Chapter 20 The law is often referred to as the Real Estate Practice Act - ️️Florida Statute Chapter 475 The law that was established for Real Estate Brokers, sales associates, and appraisers - ️️Florida Statue Chapter 475 Part I of the Florida statue 475 pertains to: - ️️Real estate brokerages Part II of the Florida Statue 475 pertains to: - ️️Real estate appraisers and sets for the requirements for FL licensed and certified appraisers Part III of Chapter 475 pertains to: - ️️The Commercial Real Estate Lien Act, Gives broker lien rights for earned commission. This act applies only to the commercial property (not residential property) The Commercial Real Estate Sales Commission Lien Act - ️️The right to place against owner's net proceeds(personal property) from the sale and does not attach to the commercial real property. Part IV, of Chapter 475, Commercial Real Estate Leasing Commission Lien Act - ️️Give a broker lien rights for earned commission associated with a brokerage agreement to lease commercial real estate Florida State 455 Regulation of Professions and Occupations - ️️Department of Business and Professional Regulation and the professions under the department