FL REAL ESTATE SALES ASSOCIATE EXAM REVIEW 2024 QUESTIONS AND ANSWERS 100% PASS

FL REAL ESTATE SALES ASSOCIATE EXAM REVIEW 2024 QUESTIONS AND ANSWERS 100% PASS Complaints against licensees are confidential until _____ days after probable cause is found to exist. - Correct Answer ️️ -10 Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There after the licensee has ____ days to take corrective action. - Correct Answer ️️ -15 Summary Suspension- What is it and who issues it? - Correct Answer ️️ -An emergency order which immediately places a real estate license suspension when it is felt the licensee is a danger to the public. It is issued by the secretary of the DBPR A recommended order is issued by the _________. - Correct Answer ️️ -Administrative Law Judge The maximum term for a license suspension is _____ even if it is a first time offense. - Correct Answer ️️ -10 Years A Licensee has ______ to pay a fine. - Correct Answer ️️ -30 Days A licensee must report a felony conviction to FREC within _____ following the conviction. - Correct Answer ️️ -30 Days The maximum administrative fine FREC can impose on a single violation is ________. - Correct Answer ️️ -$5,000 Failing to provide an accurate rental list is a ______ degree misdemeanor punishable by a fine of _________ and up to _____ in jail. - Correct Answer ️️ -1st..... $1000, 1 It is a ____ degree felony when an unlicensed person receives commission of a referral fee. - Correct Answer ️️ -3rd When the Florida Recovery Fund has to be replenished sales associated will be charged _____ or _______. - Correct Answer ️️ -$1.50 per year or $3 per renewal The maximum allowable payment from the Florida Recovery Fund for financial losses suffered due to a licensees act is _______ for a single transaction with a maximum of ________ for multiple transactions - Correct Answer ️️ -$50,000..... $150,000 A person's license would probably be revoked if that person is confined to a hospital for temporary mental incapacity. - Correct Answer ️️ -FALSE A person's license would probably be suspended if that person is confined to a federal prison for an activity not related to real estate. - Correct Answer ️️ -FALSE- REVOKED FOR A PERIOD OF TIME A sales associate that takes listings or records with them when they change firms is guilty of larceny. - Correct Answer ️️ -TRUE Payment of the Florida Recovery Fund due to a licensees wrongdoing will result in a mandatory revocation of the associate's license. - Correct Answer ️️ -FALSE- SUSPENSION A Florida Real Estate Licensee is criminally disciplined for selling drugs in Texas. FREC will: a) administratively discipline the licensee b) impose a civil penalty c) criminally prosecute the licensee d) do nothing as the activity took place in Texas and has nothing to do with real estate - Correct Answer ️️ -A) Administratively discipline the licensee Belongs in court, FREC cannot impose civil penalties A Brokerage firm advertised on their internet page a property for sale at $50,000. When a prospect inquired about the sales price the sales associate claimed it was a typographical error and should have been advertised for $500,000. This acti