1
Florida Broker Exam Questions with Correct
Answers for Specific Exam Mail
Executive Branch of Florida Government (including the DBPR)
Ans: Florida Statue Chapter 20
The law is often referred to as the Real Estate Practice Act
Ans: Florida Statute Chapter 475
The law that was established for Real Estate Brokers, sales associates, and
appraisers
Ans: Florida Statue Chapter 475
Part I of the Florida statue 475 pertains to:
Ans: Real estate brokerages
Part II of the Florida Statue 475 pertains to:
Ans: Real estate appraisers and sets for the requirements for FL licensed and
certified appraisers
Part III of Chapter 475 pertains to:
Ans: The Commercial Real Estate Lien Act, Gives broker lien rights for earned
commission. This act applies only to the commercial property (not residential
property)
Pretest - Stuvia US
,2
The Commercial Real Estate Sales Commission Lien Act
Ans: 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
Ans: 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
Ans: Department of Business and Professional Regulation and the professions
under the department
Florida Statue Chapter 120
Ans: 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
Ans: 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.
Ans: Sales Associate
Pretest - Stuvia US
,3
An individual who is qualified to be issued a broker's license but who
operates as a sales associate in the employ of another
Ans: Broker Associate
An unlicensed entity that sells, exchanges, or leases it own property
Ans: Owner Developer
What are some rules of staff of owner developer?
Ans: 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"
Ans: Caveat emptor
Licensees applicants Requirements:
Ans: 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.
Pretest - Stuvia US
, 4
How long is the license application good for?
Ans: 2 years from the date of the completed application received by the
DBPR
"no contest"
Ans: Nolo contendere
a process by which the record of criminal conviction is destroyed or sealed
after expiration of time
Ans: 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.
Ans: Notice of insuffiency
Do you have to be a US citizen to apply for a FL real estate license?
Ans: No
Requirements for Nonresidents applicant requirements
Ans: 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
Pretest - Stuvia US
Florida Broker Exam Questions with Correct
Answers for Specific Exam Mail
Executive Branch of Florida Government (including the DBPR)
Ans: Florida Statue Chapter 20
The law is often referred to as the Real Estate Practice Act
Ans: Florida Statute Chapter 475
The law that was established for Real Estate Brokers, sales associates, and
appraisers
Ans: Florida Statue Chapter 475
Part I of the Florida statue 475 pertains to:
Ans: Real estate brokerages
Part II of the Florida Statue 475 pertains to:
Ans: Real estate appraisers and sets for the requirements for FL licensed and
certified appraisers
Part III of Chapter 475 pertains to:
Ans: The Commercial Real Estate Lien Act, Gives broker lien rights for earned
commission. This act applies only to the commercial property (not residential
property)
Pretest - Stuvia US
,2
The Commercial Real Estate Sales Commission Lien Act
Ans: 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
Ans: 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
Ans: Department of Business and Professional Regulation and the professions
under the department
Florida Statue Chapter 120
Ans: 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
Ans: 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.
Ans: Sales Associate
Pretest - Stuvia US
,3
An individual who is qualified to be issued a broker's license but who
operates as a sales associate in the employ of another
Ans: Broker Associate
An unlicensed entity that sells, exchanges, or leases it own property
Ans: Owner Developer
What are some rules of staff of owner developer?
Ans: 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"
Ans: Caveat emptor
Licensees applicants Requirements:
Ans: 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.
Pretest - Stuvia US
, 4
How long is the license application good for?
Ans: 2 years from the date of the completed application received by the
DBPR
"no contest"
Ans: Nolo contendere
a process by which the record of criminal conviction is destroyed or sealed
after expiration of time
Ans: 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.
Ans: Notice of insuffiency
Do you have to be a US citizen to apply for a FL real estate license?
Ans: No
Requirements for Nonresidents applicant requirements
Ans: 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
Pretest - Stuvia US
