FREC 1 exam review questions and answers
Real Estate professionals provide expert information in what areas? - Knowledge
in... property transfer, market conditions and how to market real estate or
businesses
Taxes are not one of the areas
Appraiser - only state-certified or licensed can prepare an appraisal that involves a
federally related transactions
What are the three categories of real estate? - Sales Associate, Broker, Broker
Associate
Define a Florida Resident - a person who has resided in Florida continuously for a
period of 4 calendar months
Who is exempted to the Relicense Course Requirement - 4-year degree or higher
in real estate from an accredited institution OR a active member of the FL Bar
Who is not exempt from Continuing Education? - 4-year degree or higher
"A BAR SALE" - A: advertise RE services
,FREC 1 exam review questions and answers
B: Buy
A: Appraise
R: Rent
S: Sell
A: Auction
L: Lease
E: Exchange
Power of Attorney - a person who is given the right to sign contracts and
conveyances on someone's behalf
The Chief Administrator is the Secretary of the DBPR, but who is he appointed and
confirmed by? - Appointed: Governor
Confirmed: State Senate
Division of Florida applies to... - Condominiums, Timeshares, & Mobile Homes
Who has the right to a temporary license? - a spouse of an active duty member of
the armed force who is assigned to duty in Florida; expires 6 months after the
date of issue and not renewable
, FREC 1 exam review questions and answers
Broker's License Suspension or Revocation - The DBPR places the licenses of any
sales associates and broker associates registered under the penalized broker on
"involuntary inactive status".
Sales Associate and Broker Associate are free to seek another employer and
register as active under a new employer.
Group License - issued to sales associate or broker associate who are registered
under a owner-developer
Brokerage Relationship Options - 1. Transaction Broker
2. Single Agent
3. No Brokerage Relationship or Non-representation
Sales associates must consult with their employing broker regarding brokerage
relationship
Residential Sale - 1. the sale of improved residential property of 4 or less units
2. the sale of unimproved residential property intended to use as for our less
unites
3. the sale of agricultural property of 10 or less acres
Real Estate professionals provide expert information in what areas? - Knowledge
in... property transfer, market conditions and how to market real estate or
businesses
Taxes are not one of the areas
Appraiser - only state-certified or licensed can prepare an appraisal that involves a
federally related transactions
What are the three categories of real estate? - Sales Associate, Broker, Broker
Associate
Define a Florida Resident - a person who has resided in Florida continuously for a
period of 4 calendar months
Who is exempted to the Relicense Course Requirement - 4-year degree or higher
in real estate from an accredited institution OR a active member of the FL Bar
Who is not exempt from Continuing Education? - 4-year degree or higher
"A BAR SALE" - A: advertise RE services
,FREC 1 exam review questions and answers
B: Buy
A: Appraise
R: Rent
S: Sell
A: Auction
L: Lease
E: Exchange
Power of Attorney - a person who is given the right to sign contracts and
conveyances on someone's behalf
The Chief Administrator is the Secretary of the DBPR, but who is he appointed and
confirmed by? - Appointed: Governor
Confirmed: State Senate
Division of Florida applies to... - Condominiums, Timeshares, & Mobile Homes
Who has the right to a temporary license? - a spouse of an active duty member of
the armed force who is assigned to duty in Florida; expires 6 months after the
date of issue and not renewable
, FREC 1 exam review questions and answers
Broker's License Suspension or Revocation - The DBPR places the licenses of any
sales associates and broker associates registered under the penalized broker on
"involuntary inactive status".
Sales Associate and Broker Associate are free to seek another employer and
register as active under a new employer.
Group License - issued to sales associate or broker associate who are registered
under a owner-developer
Brokerage Relationship Options - 1. Transaction Broker
2. Single Agent
3. No Brokerage Relationship or Non-representation
Sales associates must consult with their employing broker regarding brokerage
relationship
Residential Sale - 1. the sale of improved residential property of 4 or less units
2. the sale of unimproved residential property intended to use as for our less
unites
3. the sale of agricultural property of 10 or less acres
