WITH ANSWERS
A sales associate works under - CORRECT ANSWER-the
direction of a broker or in some cases an owner developer
A licensed appraiser is compensated for an appraisal -
CORRECT ANSWER-With a flat fee
The product/service that all real estate professionals sell is -
CORRECT ANSWER-their expert knowledge
Which area of real estate requires the highest degree of
expertise? - CORRECT ANSWER-Counseling
Which Florida Administrative Code expands upon the statutory
provisions of Chapter 475, Florida Statutes? - CORRECT
ANSWER-61J2
After completing the 45-hours post-licensing education during
the initial license period, licensees must complete - CORRECT
ANSWER-at least 14 hours of continuing education during
every 2-year license period
An unlicensed personal assistant may be at an open house and
can - CORRECT ANSWER-hand out materials
A licensee may substitute attendance at one legal agenda
session of the FREC for - CORRECT ANSWER-three hours of
continuing education credit
A broker price opinion or comparative market analysis
constitutes real estate brokerage activity, the compensation
, collected in connection with that activity must be paid to the -
CORRECT ANSWER-sales associate's Broker/brokerage
Failure to complete the sales associate post-licensing
education requirement will cause the initial license to -
CORRECT ANSWER-become null and void.
A sales associate is a licensed associate of a broker. If by
issuance of a Final Order, the broker's license was revoked by
the Florida Real Estate Commission, the sales associate's
license is - CORRECT ANSWER-automatically become
involuntary inactive status
Of the seven total members of the FREC, two must be -
CORRECT ANSWER-never licensed as real estate sales
associates or broker
The law that establishes the legal rights and responsibilities of
real estate licensees is - CORRECT ANSWER-Florida Statutes
Chapter
If a Broker fails to report a business address change to the
Department of Change within _____, per Florida Statute
475.23, the license shall cease to be in force. - CORRECT
ANSWER-10 days
The No Brokerage Relationship notice must be disclosed -
CORRECT ANSWER-in writing before the showing of property
A licensed real estate sales associate in the employ of a broker
has - CORRECT ANSWER-the same obligations to the broker's
clients and customers as the broker
Brokerages are required to maintain business records for
______ - CORRECT ANSWER-5 years