Florida Broker Exam Study Guide Questions with
Definitive Solutions.
Terms in this set (396)
Executive Branch of Florida Statue Chapter 20
Florida Government
(including the DBPR)
The law is often referredFlorida Statute Chapter 475
to as the Real Estate
Practice Act
The law that was established Florida Statue Chapter 475
for Real Estate Brokers, sales
associates, and appraisers
Part I of the Florida statue Real estate brokerages
475 pertains to:
Part II of the Florida Real estate appraisers and sets for the requirements for FL
Statue 475 pertains to: licensed and certified appraisers
Part III of Chapter 475 The Commercial Real Estate Lien Act, Gives broker lien
pertains to: rights for earned commission. This act applies only to the
commercial property (not residential property)
The Commercial Real The right to place against owner's net proceeds(personal
Estate Sales Commission property) from the sale and does not attach to the
commercial real property.
Lien Act
Part IV, of Chapter 475, Give a broker lien rights for earned commission
associated with a brokerage agreement to lease
Commercial Real Estate
commercial real estate
Leasing Commission Lien
Act
,Florida State 455 Department of Business and Professional Regulation and the
Regulation of Professions professions under the department
and Occupations
Florida Statue Chapter 120 Procedural process for all governmental entities authorized
under the Florida constitution. The licensing and disciplinary
process for real estate licensees is outlined in this chapter.
Florida Administrative Florida Real Estate Commission Rules
Code Chapter 61J2
A person who performs Sales Associate
real estate services for
compensation but who
does so under the
direction, control, or
management of a broker or
an owner developer.
An individual who is qualified Broker Associate
to be issued a broker's
license but who operates as
a sales associate in the
employ of another
An unlicensed entity that Owner Developer
sells, exchanges, or leases it
own property
What are some rules of staff Sales associates must have an active real estate license in
of owner developer? order to receive a commission. Sales staffed is exempted
from licensure if paid strictly a salary.
"Let the Buyer Beware" Caveat emptor
,Licensees applicants Background check of any crimes
Requirements: Must disclose prior convictions including if a court action
was (adjudicated) withheld disclose on the application
any other name or alias, including maiden name
18 years old high school diploma or
equivalent possess a Social Security
Number
Be of good character
Have not violated a Chapter 475 within 1 year prior to application.
How long is the license 2 years from the date of the completed application received by the
application good for? DBPR
"no contest" Nolo contendere
a process by which the record Expungement
of criminal conviction is
destroyed or sealed after
expiration of time
A 30 day period is allowed Notice of insuffiency
after receipt of the
application to check for
errors and omissions and to
send the applicant a
_________ concerning any
additional information
required.
Do you have to be a US No
citizen to apply for a FL
real estate license?
Requirements for
US citizenship is not required(must possess a SS#) Do not
Nonresidents applicant
have to be a FL resident(must indicate nonresident)
requirements
, When a licensee moves out 60 days
of state (becomes a non
residents) they must notify
the Commission within
an agreement between two Reciprocity
states that allows a real
estate licensee with a valid
license in one of the states to
practice real estate in both
states.
a contract between two mutual recognition agreements
states that recognize each
other's real estate education.
Mutual recognition passing a license exam that consists of 40 question concern FL
applicants must real estate law
demonstrate knowledge
of the Florida's real estate
laws by
A person who has resided in Resident
FL continuously for a period
of four calendar months or
more with the preceding
year, regardless of in an RV,
hotel, rental unit etc
A real estate applicant is Social Security card
required to have what to
apply for the RE license?
8 hrs
A student can miss how
much time from the
Prelicense course?
Definitive Solutions.
Terms in this set (396)
Executive Branch of Florida Statue Chapter 20
Florida Government
(including the DBPR)
The law is often referredFlorida Statute Chapter 475
to as the Real Estate
Practice Act
The law that was established Florida Statue Chapter 475
for Real Estate Brokers, sales
associates, and appraisers
Part I of the Florida statue Real estate brokerages
475 pertains to:
Part II of the Florida Real estate appraisers and sets for the requirements for FL
Statue 475 pertains to: licensed and certified appraisers
Part III of Chapter 475 The Commercial Real Estate Lien Act, Gives broker lien
pertains to: rights for earned commission. This act applies only to the
commercial property (not residential property)
The Commercial Real The right to place against owner's net proceeds(personal
Estate Sales Commission property) from the sale and does not attach to the
commercial real property.
Lien Act
Part IV, of Chapter 475, Give a broker lien rights for earned commission
associated with a brokerage agreement to lease
Commercial Real Estate
commercial real estate
Leasing Commission Lien
Act
,Florida State 455 Department of Business and Professional Regulation and the
Regulation of Professions professions under the department
and Occupations
Florida Statue Chapter 120 Procedural process for all governmental entities authorized
under the Florida constitution. The licensing and disciplinary
process for real estate licensees is outlined in this chapter.
Florida Administrative Florida Real Estate Commission Rules
Code Chapter 61J2
A person who performs Sales Associate
real estate services for
compensation but who
does so under the
direction, control, or
management of a broker or
an owner developer.
An individual who is qualified Broker Associate
to be issued a broker's
license but who operates as
a sales associate in the
employ of another
An unlicensed entity that Owner Developer
sells, exchanges, or leases it
own property
What are some rules of staff Sales associates must have an active real estate license in
of owner developer? order to receive a commission. Sales staffed is exempted
from licensure if paid strictly a salary.
"Let the Buyer Beware" Caveat emptor
,Licensees applicants Background check of any crimes
Requirements: Must disclose prior convictions including if a court action
was (adjudicated) withheld disclose on the application
any other name or alias, including maiden name
18 years old high school diploma or
equivalent possess a Social Security
Number
Be of good character
Have not violated a Chapter 475 within 1 year prior to application.
How long is the license 2 years from the date of the completed application received by the
application good for? DBPR
"no contest" Nolo contendere
a process by which the record Expungement
of criminal conviction is
destroyed or sealed after
expiration of time
A 30 day period is allowed Notice of insuffiency
after receipt of the
application to check for
errors and omissions and to
send the applicant a
_________ concerning any
additional information
required.
Do you have to be a US No
citizen to apply for a FL
real estate license?
Requirements for
US citizenship is not required(must possess a SS#) Do not
Nonresidents applicant
have to be a FL resident(must indicate nonresident)
requirements
, When a licensee moves out 60 days
of state (becomes a non
residents) they must notify
the Commission within
an agreement between two Reciprocity
states that allows a real
estate licensee with a valid
license in one of the states to
practice real estate in both
states.
a contract between two mutual recognition agreements
states that recognize each
other's real estate education.
Mutual recognition passing a license exam that consists of 40 question concern FL
applicants must real estate law
demonstrate knowledge
of the Florida's real estate
laws by
A person who has resided in Resident
FL continuously for a period
of four calendar months or
more with the preceding
year, regardless of in an RV,
hotel, rental unit etc
A real estate applicant is Social Security card
required to have what to
apply for the RE license?
8 hrs
A student can miss how
much time from the
Prelicense course?
