Florida Real Estate License Law Questions and Answers 100% Pass

Florida Real Estate License Law Questions and Answers 100% Pass Chapter 475 - Correct Answer ️️ -Real Estate License Law 1. Real Estate Brokerage 2. Appraisal 3. Commercial Sales Lien Rights 4. Commercial Leasing Lien Rights Chapter 455 - Correct Answer ️️ -Regulation of Business and Professions. Defines general practices and procedures of DBPR, including unlicensed practice of real estate. FS 120 - Correct Answer ️️ -Licensing and disciplinary procedures for real estate licensees. Department of Business and Professional Regulation - Correct Answer ️️ -DBPR - regulates business and professions; Secretary of DBPR appointed by governor, confirmed by senate. Powers and duties of DBPR - Correct Answer ️️ -Adopt rules and regulations; standing to challenge any rule of Commission; prepare and administer examinations; issue licenses; investigate complaints; seek evidence in investigation or proceeding. Division of Real Estate - Correct Answer ️️ -DRE - Director appointed by Secretary of DBPR subject to approval by Commission; provides all services concerning Chapter 475. Duties of DRE - Correct Answer ️️ -Executive - investigate complaints; ministerial - record keeping; administrative - routine duties. Funding of DRE - Correct Answer ️️ -Fees and assessments of Commission Principal Office of DRE - Correct Answer ️️ -Orlando Purpose of Chapter 475 - Correct Answer ️️ -Protect public from economic loss Florida Real Estate Commission - Correct Answer ️️ -FREC - agency; administers and enforces administrative license law. Membership of FREC - Correct Answer ️️ -7 members: 4 brokers, 1 broker OR sales associate, 2 consumer members. One member must be 60 years or older. Appointment of FREC Members - Correct Answer ️️ -Appointed by governor for 4-year terms; confirmed by senate. Compensation of FREC Members - Correct Answer ️️ -Not salaried employees of DBPR; compensated for attending meetings. Legislative Powers of FREC - Correct Answer ️️ -Enactment of rules and regulations; can NOT conflict with constitution, statutes, and other laws; decide questions of practice; validate records. Petitions regarding rules imposed by FREC - Correct Answer ️️ -Any person regulated by FREC may petition the Commission to adopt, amend, or repeal a rule. Judicial Powers of FREC - Correct Answer ️️ -Suspend, revoke, reprimand, censure, probation and administrative fines. Appeal FREC Decision - Correct Answer ️️ -District Court of Appeals Delegation of FREC power - Correct Answer ️️ -Any duties and powers except disciplinary powers and power to adopt rules. 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. Registration - Correct Answer ️️ -Status: Having name and address in computer; all persons holding licensure also have registration but not all persons having registration hold licensure. Licensure - Correct Answer ️️ -Status: Having name in computer qualifying a p