ACCURACY IS GUARANTEED
Florida Broker Exam Questions with Detailed
Verified Answers for Accuracy
Executive Branch of Florida Government (including the DBPR)
✓✓ Florida Statue Chapter 20
The law is often referred to as the Real Estate Practice Act
✓✓ Florida Statute Chapter 475
The law that was established for Real Estate Brokers, sales
associates, and appraisers
✓✓ Florida Statue Chapter 475
Part I of the Florida statue 475 pertains to:
✓✓ Real estate brokerages
Part II of the Florida Statue 475 pertains to:
✓✓ Real estate appraisers and sets for the requirements for FL
licensed and certified appraisers
Part III of Chapter 475 pertains to:
✓✓ The Commercial Real Estate Lien Act, Gives broker lien
rights for earned commission. This act applies only to the
commercial property (not residential property)
The Commercial Real Estate Sales Commission Lien Act
, ACCURACY IS GUARANTEED
✓✓ The right to place against owner's net proceeds(personal
property) from the sale and does not attach to the commercial
real property.
Part IV, of Chapter 475, Commercial Real Estate Leasing
Commission Lien Act
✓✓ Give a broker lien rights for earned commission associated
with a brokerage agreement to lease commercial real estate
Florida State 455 Regulation of Professions and Occupations
✓✓ Department of Business and Professional Regulation and
the professions under the department
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 Code Chapter 61J2
✓✓ Florida Real Estate Commission Rules
A person who performs real estate services for compensation
but who does so under the direction, control, or management of
a broker or an owner developer.
✓✓ Sales Associate
An individual who is qualified to be issued a broker's license
but who operates as a sales associate in the employ of another
, ACCURACY IS GUARANTEED
✓✓ Broker Associate
An unlicensed entity that sells, exchanges, or leases it own
property
✓✓ Owner Developer
What are some rules of staff of owner developer?
✓✓ Sales associates must have an active real estate license in
order to receive a commission. Sales staffed is exempted from
licensure if paid strictly a salary.
"Let the Buyer Beware"
✓✓ Caveat emptor
Licensees applicants Requirements:
✓✓ Background check of any crimes
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.
, ACCURACY IS GUARANTEED
How long is the license application good for?
✓✓ 2 years from the date of the completed application received
by the DBPR
"no contest"
✓✓ Nolo contendere
a process by which the record of criminal conviction is
destroyed or sealed after expiration of time
✓✓ Expungement
A 30 day period is allowed after receipt of the application to
check for errors and omissions and to send the applicant a
_________ concerning any additional information required.
✓✓ Notice of insuffiency
Do you have to be a US citizen to apply for a FL real estate
license?
✓✓ No
Requirements for Nonresidents applicant requirements
✓✓ US citizenship is not required(must possess a SS#)
Do not have to be a FL resident(must indicate nonresident)
When a licensee moves out of state (becomes a non residents)
they must notify the Commission within
Florida Broker Exam Questions with Detailed
Verified Answers for Accuracy
Executive Branch of Florida Government (including the DBPR)
✓✓ Florida Statue Chapter 20
The law is often referred to as the Real Estate Practice Act
✓✓ Florida Statute Chapter 475
The law that was established for Real Estate Brokers, sales
associates, and appraisers
✓✓ Florida Statue Chapter 475
Part I of the Florida statue 475 pertains to:
✓✓ Real estate brokerages
Part II of the Florida Statue 475 pertains to:
✓✓ Real estate appraisers and sets for the requirements for FL
licensed and certified appraisers
Part III of Chapter 475 pertains to:
✓✓ The Commercial Real Estate Lien Act, Gives broker lien
rights for earned commission. This act applies only to the
commercial property (not residential property)
The Commercial Real Estate Sales Commission Lien Act
, ACCURACY IS GUARANTEED
✓✓ The right to place against owner's net proceeds(personal
property) from the sale and does not attach to the commercial
real property.
Part IV, of Chapter 475, Commercial Real Estate Leasing
Commission Lien Act
✓✓ Give a broker lien rights for earned commission associated
with a brokerage agreement to lease commercial real estate
Florida State 455 Regulation of Professions and Occupations
✓✓ Department of Business and Professional Regulation and
the professions under the department
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 Code Chapter 61J2
✓✓ Florida Real Estate Commission Rules
A person who performs real estate services for compensation
but who does so under the direction, control, or management of
a broker or an owner developer.
✓✓ Sales Associate
An individual who is qualified to be issued a broker's license
but who operates as a sales associate in the employ of another
, ACCURACY IS GUARANTEED
✓✓ Broker Associate
An unlicensed entity that sells, exchanges, or leases it own
property
✓✓ Owner Developer
What are some rules of staff of owner developer?
✓✓ Sales associates must have an active real estate license in
order to receive a commission. Sales staffed is exempted from
licensure if paid strictly a salary.
"Let the Buyer Beware"
✓✓ Caveat emptor
Licensees applicants Requirements:
✓✓ Background check of any crimes
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.
, ACCURACY IS GUARANTEED
How long is the license application good for?
✓✓ 2 years from the date of the completed application received
by the DBPR
"no contest"
✓✓ Nolo contendere
a process by which the record of criminal conviction is
destroyed or sealed after expiration of time
✓✓ Expungement
A 30 day period is allowed after receipt of the application to
check for errors and omissions and to send the applicant a
_________ concerning any additional information required.
✓✓ Notice of insuffiency
Do you have to be a US citizen to apply for a FL real estate
license?
✓✓ No
Requirements for Nonresidents applicant requirements
✓✓ US citizenship is not required(must possess a SS#)
Do not have to be a FL resident(must indicate nonresident)
When a licensee moves out of state (becomes a non residents)
they must notify the Commission within
