Real Estate FL Exam Study Questions and Answers

A sales associate works underthe direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisalWith a flat fee The product/service that all real estate professionals sell istheir expert knowledge Which area of real estate requires the highest degree of expertise?Counseling Which Florida Administrative Code expands upon the statutory provisions of Chapter 475, Florida Statutes?61J2 After completing the 45-hours post-licensing education during the initial license period, licensees must completeat least 14 hours of continuing education during every 2-year license period An unlicensed personal assistant may be at an open house and canhand out materials A licensee may substitute attendance at one legal agenda session of the FREC forthree hours of continuing education credit A broker price opinion or comparative market analysis constitutes real estate brokerage activity, the compensation collected in connection with that activity must be paid to thesales associate's Broker/brokerage Failure to complete the sales associate post-licensing education requirement will cause the initial license tobecome null and void. A sales associate is a licensed associate of a broker. If by issuance of a Final Order, the broker's license was revoked by the Florida Real Estate Commission, the sales associate's license isautomatically become involuntary inactive status Of the seven total members of the FREC, two must benever licensed as real estate sales associates or broker The law that establishes the legal rights and responsibilities of real estate licensees isFlorida Statutes Chapter