POST LICENSE QUESTIONS AND ANSWERS
1-1 The term Quasi-Judicial means:
The ability to punish for criminal activity.
The ability to judge and punish for law and rule violations.
The ability to write and enact judicial laws and rules.
An ability to rule on law breaches, without due process. - Answers :The ability to judge
and punish for law and rule violations.
1-2. Jane is a college graduate with a four-year degree in real estate. She has a sales
associate's license and seeks to renew the license for the second time. What must she
do?
She must take a sales associate's post-license course, and renew online prior to her
license expiration.
She must take 8 hours of specialty education and renew online prior to her license
expiration.
She must renew online and pay the appropriate fee.
She must take 14 hours of continuing education and renew online, prior to the license
expiration date. - Answers :She must take 14 hours of continuing education and renew
online, prior to the license expiration date.
1-3. John is moving his real estate office and reports Jan on the change of address.
What happens to Jan's license?
Jan's License will be Null and Void.
Jan's License is suspended until she finds another broker.
Jan's license will remain active until she finds another broker.
Jan's license becomes involuntary inactive - Answers :Jan's license becomes
involuntary inactive
1-4. The Florida Real Estate Commission (FREC) consists of how many members
appointed by the Governor?
5
2
7
12 - Answers :7
1-5. Jimmy had a complaint registered with the DPBR against his real estate license.
Jimmy disputes that the event took place on a specific date. He must:
Appear before the FREC on the charges he agrees with.
Appear in front of an Administrative Law Judge for the charge he disagrees with.
Contact the FREC to set up a date for disciplinary judgement.
Appear in front of an Administrative Law Judge on ALL charges. - Answers :Appear in
front of an Administrative Law Judge on ALL charges.
1-6 Johnny got a DUI during the office Christmas party. He must:
Report the DUI to his broker so that the broker can report the DUI to the Commission.
,Self report to the Bureau of Enforcement within 60 days of his DUI conviction.
Provide all evidence at the next FREC meeting.
Self Report within 30 days to the Division of Real Estate. - Answers :Self Report within
30 days to the Division of Real Estate.
1-7 Jack complied with an Escrow Disbursement Order from the FREC and was sued
for the action. The Real Estate Recovery Fund may:
Not be used for any of the lawsuits amounts.
Pay for Jack's payments except for his court and attorney costs.
Pay for Jack's attorney and court costs, if Jack defended his actions for the EDO.
Require Jack to have his license suspended until he repays the fund. - Answers :Pay for
Jack's attorney and court costs, if Jack defended his actions for the EDO.
1-8 What is the primary mission of FREC? - Answers :To protect the public.
1- 9 Complaints to the DBPR:
Must be reported through a sales associate's broker.
Must go through the FREC.
May be reported by anyone.
May not be reported later than 60 days of occurrence - Answers :May be reported by
anyone.
2-1 During the recession of 2006, many sales associates and brokers created a niche in
their businesses by performing ______________ for valuing properties foreclosed on by
banks.
Broker Price Opinions
Appraisals
Auctions
Home inspections - Answers :Broker Price Opinions
2-2 Your broker requires that you come to the office Monday through Friday and stay at
least 4 hours each day. You are:
An independent contractor with a very dedicated broker.
An employee of the broker.
Under a rigorous training program and you shouldn't question any of the items required
for you to learn.
A hybrid employee contractor until you are ready to work on your own. - Answers :An
employee of the broker.
2-3. Nikki is looking for a broker. Upon entering a potential broker's office, she notices
that there is no Fair Housing Poster. Nikki should:
Ask why there is no poster and if she is not satisfied with the answer, look elsewhere for
her next broker.
Consider it an oversight and let it go because this is a popular broker.
Ask the broker if they are Fair Housing compliant and not worry.
, Report the broker to the Fair Housing Bureau. - Answers :Ask why there is no poster
and if she is not satisfied with the answer, look elsewhere for her next broker.
2-4. Your broker does not have a policy manual available. This means:
The broker may not have "Safe Harbor" in some of their practices and could get into
trouble later.
The broker is breaking the law.
The broker is in violation of 61J2.
The broker is very busy and doesn't need to worry about such things. - Answers :The
broker may not have "Safe Harbor" in some of their practices and could get into trouble
later.
2-5. According to the course, people preparing for a career in real estate should have:
Three months' salary in savings.
$5,000 cash stashed within the home.
90% of their investment portfolio as stocks.
A $1,000,000 life insurance policy. - Answers :According to the course, people
preparing for a career in real estate should have three months' salary in savings.
3-1. Once you have sent your friends and family a letter of introduction regarding your
real estate practice:
You should not call them.
You should follow-up with a phone call in 7 - 10 days.
You should wait a week to see if anyone calls you. If they do not, you should send them
another letter.
You should follow-up with a phone call in a day or two. - Answers :You should follow-up
with a phone call in a day or two.
3-2. What is one of the greatest benefits of learning to prospect?
It allows you to earn continuing education credits.
It provides an opportunity to build a stream of income.
It gives you safe harbor.
It gives you the greatest market share. - Answers :It provides an opportunity to build a
stream of income.
3-3. When someone with an expired listing tells you mistakes the previous sales
associate made:
Point out how unprofessional their previous sales associate was, and promise to do
better.
Defend the other associate. Real estate agents have to stick together!
Comment on the action, not the sales associate, and explain how a different action
might produce different results next time.
Ignore the comments and just sell them on your marketing plan. - Answers :
3-4 You are trying to select a farm area and you have narrowed the choices down to
four areas. Which of the choices listed would be the best option?
1-1 The term Quasi-Judicial means:
The ability to punish for criminal activity.
The ability to judge and punish for law and rule violations.
The ability to write and enact judicial laws and rules.
An ability to rule on law breaches, without due process. - Answers :The ability to judge
and punish for law and rule violations.
1-2. Jane is a college graduate with a four-year degree in real estate. She has a sales
associate's license and seeks to renew the license for the second time. What must she
do?
She must take a sales associate's post-license course, and renew online prior to her
license expiration.
She must take 8 hours of specialty education and renew online prior to her license
expiration.
She must renew online and pay the appropriate fee.
She must take 14 hours of continuing education and renew online, prior to the license
expiration date. - Answers :She must take 14 hours of continuing education and renew
online, prior to the license expiration date.
1-3. John is moving his real estate office and reports Jan on the change of address.
What happens to Jan's license?
Jan's License will be Null and Void.
Jan's License is suspended until she finds another broker.
Jan's license will remain active until she finds another broker.
Jan's license becomes involuntary inactive - Answers :Jan's license becomes
involuntary inactive
1-4. The Florida Real Estate Commission (FREC) consists of how many members
appointed by the Governor?
5
2
7
12 - Answers :7
1-5. Jimmy had a complaint registered with the DPBR against his real estate license.
Jimmy disputes that the event took place on a specific date. He must:
Appear before the FREC on the charges he agrees with.
Appear in front of an Administrative Law Judge for the charge he disagrees with.
Contact the FREC to set up a date for disciplinary judgement.
Appear in front of an Administrative Law Judge on ALL charges. - Answers :Appear in
front of an Administrative Law Judge on ALL charges.
1-6 Johnny got a DUI during the office Christmas party. He must:
Report the DUI to his broker so that the broker can report the DUI to the Commission.
,Self report to the Bureau of Enforcement within 60 days of his DUI conviction.
Provide all evidence at the next FREC meeting.
Self Report within 30 days to the Division of Real Estate. - Answers :Self Report within
30 days to the Division of Real Estate.
1-7 Jack complied with an Escrow Disbursement Order from the FREC and was sued
for the action. The Real Estate Recovery Fund may:
Not be used for any of the lawsuits amounts.
Pay for Jack's payments except for his court and attorney costs.
Pay for Jack's attorney and court costs, if Jack defended his actions for the EDO.
Require Jack to have his license suspended until he repays the fund. - Answers :Pay for
Jack's attorney and court costs, if Jack defended his actions for the EDO.
1-8 What is the primary mission of FREC? - Answers :To protect the public.
1- 9 Complaints to the DBPR:
Must be reported through a sales associate's broker.
Must go through the FREC.
May be reported by anyone.
May not be reported later than 60 days of occurrence - Answers :May be reported by
anyone.
2-1 During the recession of 2006, many sales associates and brokers created a niche in
their businesses by performing ______________ for valuing properties foreclosed on by
banks.
Broker Price Opinions
Appraisals
Auctions
Home inspections - Answers :Broker Price Opinions
2-2 Your broker requires that you come to the office Monday through Friday and stay at
least 4 hours each day. You are:
An independent contractor with a very dedicated broker.
An employee of the broker.
Under a rigorous training program and you shouldn't question any of the items required
for you to learn.
A hybrid employee contractor until you are ready to work on your own. - Answers :An
employee of the broker.
2-3. Nikki is looking for a broker. Upon entering a potential broker's office, she notices
that there is no Fair Housing Poster. Nikki should:
Ask why there is no poster and if she is not satisfied with the answer, look elsewhere for
her next broker.
Consider it an oversight and let it go because this is a popular broker.
Ask the broker if they are Fair Housing compliant and not worry.
, Report the broker to the Fair Housing Bureau. - Answers :Ask why there is no poster
and if she is not satisfied with the answer, look elsewhere for her next broker.
2-4. Your broker does not have a policy manual available. This means:
The broker may not have "Safe Harbor" in some of their practices and could get into
trouble later.
The broker is breaking the law.
The broker is in violation of 61J2.
The broker is very busy and doesn't need to worry about such things. - Answers :The
broker may not have "Safe Harbor" in some of their practices and could get into trouble
later.
2-5. According to the course, people preparing for a career in real estate should have:
Three months' salary in savings.
$5,000 cash stashed within the home.
90% of their investment portfolio as stocks.
A $1,000,000 life insurance policy. - Answers :According to the course, people
preparing for a career in real estate should have three months' salary in savings.
3-1. Once you have sent your friends and family a letter of introduction regarding your
real estate practice:
You should not call them.
You should follow-up with a phone call in 7 - 10 days.
You should wait a week to see if anyone calls you. If they do not, you should send them
another letter.
You should follow-up with a phone call in a day or two. - Answers :You should follow-up
with a phone call in a day or two.
3-2. What is one of the greatest benefits of learning to prospect?
It allows you to earn continuing education credits.
It provides an opportunity to build a stream of income.
It gives you safe harbor.
It gives you the greatest market share. - Answers :It provides an opportunity to build a
stream of income.
3-3. When someone with an expired listing tells you mistakes the previous sales
associate made:
Point out how unprofessional their previous sales associate was, and promise to do
better.
Defend the other associate. Real estate agents have to stick together!
Comment on the action, not the sales associate, and explain how a different action
might produce different results next time.
Ignore the comments and just sell them on your marketing plan. - Answers :
3-4 You are trying to select a farm area and you have narrowed the choices down to
four areas. Which of the choices listed would be the best option?
