FLORIDA REAL ESTATE ELABORATED
QUESTIONS WITH CORRECT
ANSWERS
When did Florida pass its first Real Estate Law? - CORRECT
ANSWER-1923
When was the FREC created? - CORRECT ANSWER-1926
What is the purpose of the FREC? - CORRECT ANSWER-
protect the public
What is the DBPR? - CORRECT ANSWER-Department of
Business and Professional Regulation
What is the Mission of the Department? - CORRECT
ANSWER-to ensure that professions and businesses provide
quality services for the health, safety and welfare of citizens
and visitors in the great state of Florida
What is the DRE? - CORRECT ANSWER-Division of Real
Estate
What is the Division Responsible for? - CORRECT ANSWER-
Protects the public by regulating real estate and appraisal
licensees
examination, licensing and regulation
verify the integrity of real estate salespersons and brokers by
providing investigation and support to areas of complaints by
consumers and other professionals as needed
, What is the FREC? - CORRECT ANSWER-Florida Real Estate
Commission
What does the FREC do? - CORRECT ANSWER-the enforcer
of real estate rules and discipline
Who appoints the members of the FREC? - CORRECT
ANSWER-appointed by the Governor
How was real estate conducted in the past? - CORRECT
ANSWER-By Caveat emptor: "Let the buyer beware.
Who does Caveat Emptor still apply to? - CORRECT
ANSWER-still applies to buyers and sellers who conduct their
own real estate business without the aid of a professional
What are the 3 categories of real estate licenses? - CORRECT
ANSWER-Sales associate
Broker
Broker Associate
What is a sales associate? - CORRECT ANSWER-A person
who provides real estate services for another, for compensation
under the direction, control and management of a broker
What is a broker? - CORRECT ANSWER-A person who
provides real estate services for another, for compensation
What is a broker associate? - CORRECT ANSWER-Is a
licensed broker who chooses to work as a sales associate
under the direction of another broker
How does an associate become active? - CORRECT
ANSWER-The associate becomes active by finding a broker-
employer or an owner-developer
QUESTIONS WITH CORRECT
ANSWERS
When did Florida pass its first Real Estate Law? - CORRECT
ANSWER-1923
When was the FREC created? - CORRECT ANSWER-1926
What is the purpose of the FREC? - CORRECT ANSWER-
protect the public
What is the DBPR? - CORRECT ANSWER-Department of
Business and Professional Regulation
What is the Mission of the Department? - CORRECT
ANSWER-to ensure that professions and businesses provide
quality services for the health, safety and welfare of citizens
and visitors in the great state of Florida
What is the DRE? - CORRECT ANSWER-Division of Real
Estate
What is the Division Responsible for? - CORRECT ANSWER-
Protects the public by regulating real estate and appraisal
licensees
examination, licensing and regulation
verify the integrity of real estate salespersons and brokers by
providing investigation and support to areas of complaints by
consumers and other professionals as needed
, What is the FREC? - CORRECT ANSWER-Florida Real Estate
Commission
What does the FREC do? - CORRECT ANSWER-the enforcer
of real estate rules and discipline
Who appoints the members of the FREC? - CORRECT
ANSWER-appointed by the Governor
How was real estate conducted in the past? - CORRECT
ANSWER-By Caveat emptor: "Let the buyer beware.
Who does Caveat Emptor still apply to? - CORRECT
ANSWER-still applies to buyers and sellers who conduct their
own real estate business without the aid of a professional
What are the 3 categories of real estate licenses? - CORRECT
ANSWER-Sales associate
Broker
Broker Associate
What is a sales associate? - CORRECT ANSWER-A person
who provides real estate services for another, for compensation
under the direction, control and management of a broker
What is a broker? - CORRECT ANSWER-A person who
provides real estate services for another, for compensation
What is a broker associate? - CORRECT ANSWER-Is a
licensed broker who chooses to work as a sales associate
under the direction of another broker
How does an associate become active? - CORRECT
ANSWER-The associate becomes active by finding a broker-
employer or an owner-developer
