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Bob Hogue Unit 2 License Law And Qualifications For Licensure Exam Questions With Complete Answers

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BOB HOGUE UNIT 2 LICENSE LAW AND QUALIFICATIONS FOR LICENSURE EXAM QUESTIONS WITH COMPLETE ANSWERS

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BOB HOGUE UNIT 2 LICENSE LAW
AND QUALIFICATIONS FOR
LICENSURE EXAM QUESTIONS WITH
COMPLETE ANSWERS
T / F - A Florida resident is a person who has owned a home or rented an apartment
for at least three months. - ANSWER-F - A Florida resident is a person who has
resided in Florida continuously for four or more calendar months, regardless of
whether the person resided in a recreational vehicle, hotel, rental unit, or other
temporary or permanent location.

T / F - U.S. citizenship is required to become licensed in Florida. - ANSWER-F - U.S.
citizenship is not required to become licensed in Florida. However, applicants are
required to indicate a U.S. Social Security number on the application.

T / F - A person who has earned a two-year associate's degree in real estate from an
accredited institution of higher education is exempt from the sales associate
prelicense course. - ANSWER-F - Individuals who have received a four-year degree
or higher in real estate from an accredited institution of higher education are exempt
from the prelicense course.

T /F - An attorney who is an active member of The Florida Bar is exempt from the
sales associate prelicense course. - ANSWER-True - Attorneys who are active
members of The Florida Bar are exempt from Course I.

T / F - Failure to complete the post-licensing education requirement before the
licensee's first renewal date will cause the initial license to become null and void. -
ANSWER-T - Sales associates are required to successfully complete post-licensing
education before the first renewal of their licenses. Failure to complete the post-
licensing education requirement will cause the initial license to become null and void
by operation of law.

T / F - Licensees who have received a four-year degree or higher in real estate from
an accredited institution of higher education are exempt from the 14-hour continuing
education requirement. - ANSWER-F - Individuals who have received a four-year
degree or higher in real estate from an accredited institution of higher education are
not exempt from the continuing education requirement.

T / F - Broker applicants are required to fulfill an experience requirement of at LEAST
36 months of real estate experience during the five-year period preceding their
becoming licensed as brokers. - ANSWER-F - Broker applicants are required to fulfill
an experience requirement of at least 24 months of real estate experience during the
five-year period preceding their becoming licensed as brokers.

T/F - The Florida Statute that governs real estate brokers, sales associates, and real
estate schools is 61J2. - ANSWER-F

, T/F - Florida Statute 455 governs the Department of Business and Professional
Regulation (DBPR) and the professions regulated by the DBPR. - ANSWER-T

T / F - A person who is broker qualified but chooses to register and work under an
employing broker is referred to as a broker associate. - ANSWER-T

T / F - Unlicensed sales personnel who are employed by an owner-developer must
be paid on a transactional basis. - ANSWER-F - salary

T / F - Applicants who at one time plead no contest to a crime are required to
disclose the case on the license application. - ANSWER-T

T / F - Applicants are required to disclose a personal bankruptcy when answering the
background questions on the license application. - ANSWER-F

mutual recognition agreements - ANSWER-where a state (Florida) and another state
enter into a contract to recognize each other's real estate license education
→ Individuals who receive a Florida real estate license under mutual recognition
must fulfill the same post-license & continuing education requirements as all other
Florida real estate licensees

T / F - Examinees who qualify under mutual recognition must pass a Florida-specific
real estate law examination consisting of 40 questions. - ANSWER-T

T / F - A person who holds a four-year degree or higher in real estate from an
accredited institution of higher education is exempt from FREC Course II. -
ANSWER-T - A licensee who has received a four-year degree or higher in real
estate from an accredited institution of higher education is exempt from the broker
prelicense and post-license education requirements.

T / F - Sales associates may be registered under only one broker or one owner-
developer. - ANSWER-T - Sales associates and broker associates licensed in
Florida must be registered under their employing broker (or owner-developer, if
applicable). Sales associates and broker associates may have only one registered
employer at any given time.

T / F - Prima facie evidence is a legal term used to refer to evidence that is good and
sufficient on its face to establish a given fact or prove a case. - ANSWER-T - Prima
facie evidence is a legal term used to refer to evidence that is good and sufficient on
its face to establish a given fact or prove a case.

To Remember: Real Estate Services (ABARSALE) - ANSWER-To Remember: Real
Estate Services
A Advertise real estate services
B Buy
A Appraise (non-federally related transactions)
R Rent or provide rental information or lists
S Sell
A Auction

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