License Law) Questions with Verified
Answers
When did Florida pass its first Real Estate Law? - ANSWERS1923
When was the FREC created? - ANSWERS1926
What is the purpose of the FREC? - ANSWERSprotect the public
What is the DBPR? - ANSWERSDepartment of Business and Professional Regulation
What is the Mission of the Department? - ANSWERSto 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? - ANSWERSDivision of Real Estate
What is the Division Responsible for? - ANSWERSProtects 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? - ANSWERSFlorida Real Estate Commission
What does the FREC do? - ANSWERSthe enforcer of real estate rules and discipline
Who appoints the members of the FREC? - ANSWERSappointed by the Governor
How was real estate conducted in the past? - ANSWERSBy Caveat emptor: "Let the
buyer beware.
Who does Caveat Emptor still apply to? - ANSWERSstill 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? - ANSWERSSales associate
Broker
Broker Associate
What is a sales associate? - ANSWERSA person who provides real estate services for
another, for compensation under the direction, control and management of a broker
, What is a broker? - ANSWERSA person who provides real estate services for another,
for compensation
What is a broker associate? - ANSWERSIs a licensed broker who chooses to work as a
sales associate under the direction of another broker
How does an associate become active? - ANSWERSThe associate becomes active by
finding a broker-employer or an owner-developer
Is an applicant considered active or inactive when licensing requirements are met? -
ANSWERSapplicant is licensed as an inactive sales associate
In order to apply for a real estate license what must a person have before applying? -
ANSWERSMust be 18 years or older
Have a high school diploma, or its equivalency
Must be honest, truthful, trustworthy, of good character, and have a good reputation for
fair dealings
What is Nolo Contendre? - ANSWERSmeans "I will not contest," a plea in a criminal
case in which the defendant does not admit or deny charges.
What disclosures must be made by an applicant? - ANSWERSis under investigation,
has ever been convicted of a crime or if any judgment or decree has ever been
rendered against the applicant for fraud or dishonest dealing
has ever entered a plea of Nolo contendere* or if adjudication has been withheld.
is currently a patient of mental health facility
has ever been called by or done business under any other name (A/K/A)
has ever had a license revoked, suspended, surrendered, or otherwise acted against or
had an application for licensure denied by any licensing agency of another state,
territory or country
has ever been denied license or registration to practice a regulated profession
has been found guilty of any conduct or practice that would have been grounds for
suspension or revocation under Florida real estate laws
Have a social security number**
What is the purpose for having to disclose of a social security number by an applicant? -
ANSWERSThe purpose of the social security number is to comply with child support
payment laws
Can a non citizen become licensed? - ANSWERSYes
What is Moral Turpitude? - ANSWERSActs or behaviors that gravely violate moral
sentiment or accepted moral standards of society and are present in some criminal
offenses and not in others.
individuals who have committed acts of Moral turpitude* will not be granted a license