Comprehensive Study 1 Up to Date Content
Florida Broker Exam Latest
Questions and Graded Answers
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)
The Commercial Real Estate Sales Commission Lien Act
Up to Date Content
,Comprehensive Study 2 Up to Date Content
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
An individual who is qualified to be issued a broker's license
but who operates as a sales associate in the employ of
another
Up to Date Content
,Comprehensive Study 3 Up to Date Content
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.
How long is the license application good for?
Up to Date Content
, Comprehensive Study 4 Up to Date Content
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
Ans: 60 days
Up to Date Content
Florida Broker Exam Latest
Questions and Graded Answers
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)
The Commercial Real Estate Sales Commission Lien Act
Up to Date Content
,Comprehensive Study 2 Up to Date Content
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
An individual who is qualified to be issued a broker's license
but who operates as a sales associate in the employ of
another
Up to Date Content
,Comprehensive Study 3 Up to Date Content
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.
How long is the license application good for?
Up to Date Content
, Comprehensive Study 4 Up to Date Content
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
Ans: 60 days
Up to Date Content
