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Terms in this set (23)
A resort manager leases condominiums to out-of-town guests for several months at a time. The resort is licensed under 509 FS. He advertised the condos in a magazine with national exposure. Does this manager need a Florida real estate license?
No. A manager is an employee of a resort company licensed under 509 FS.
Which is true when a broker refers a client to another broker in another state?
Real Estate brokers should make a written referral agreement between brokers to be able to cooperate in a sale.
A rural Electric Company has a paid employee who is charged with the responsibility of finding new land to put electric poles on. He buys and sells property and negotiates for the electric company. Does he need a license?
He does not need a license because he is an employee for an electric utility company.
A $1.5 billion agency regulating one million professionals and businesses across some 200 licensee categories in Florida is
the Florida Department of Business and Professional Regulation.
A person owns her own company, specializing in negotiating sales of property for buyers and sellers. She does not take listings or show property. Does she need a real estate license to do this?
She needs a license because she negotiates sales between buyers and sellers.
Katherine loves to show and sell houses for others for compensation. She has been doing so for two years and without a license. She has been caught and she wants to obtain a license. What is likely to happen?
The FREC may deny her license since she was holding herself out to be a licensee, practicing real estate in the previous year.
A motel desk clerk gives the names of persons looking to purchase a home to a broker in exchange for a small fee. Which BEST describes the situation?
He would need a license since he was accepting compensation from a broker.
Which does NOT appear on a real estate license?
The name of the chairperson of the FREC
Jane is a college graduate with a four-year degree in real estate. She has a sales associate's license and seeks to renew the license for the second time. What must she do?
She must take 14 hours of continued education. She must fill out the form, pay the fee, and return it before the expiration date.
For her first renewal, Broker Marie mistakenly took 14 hours of continuing education instead of the broker post license course. Marie
can no longer work as a broker because her license is null and void.
Joe is an appraisal graduate student at a state university. He is sent to appraise Farmer Tom's property. Because it is such a good property, Joe asks Tom to list the property for sale. Does Joe need a real estate license?
Yes. He needs a license because he wants to list the property, not just appraise it.
All are Florida residents EXCEPT
a person living in a condo for the winter season of two months.
Which act or crime could disqualify an individual from becoming a licensee?
Committing a crime of moral turpitude
Janice did not answer truthfully on the background page of her application for licensure. When the Department found the discrepancy, she was asked about it and she did not tell the truth again. What will likely happen to her application?
The application may be denied and she may be subject to subsequent disciplinary action.
When is a candidate given the results of his or her licensing exam?
The phrase "Caveat Emptor" most nearly means what?
let the buyer beware
The three categories of real estate licenses are
Sales associate, broker associate, and broker
How many hours is a broker's pre-license course?
Jim is a convicted felon. He was found guilty of cheating on his income tax for four years and he served time in jail. He has completed his sentence and wants to become a real estate sales associate. Which is most nearly correct?
Jim must disclose his conviction on his real estate application.
A license applicant who has committed a crime of moral turpitude will:
probably not be granted a real estate license.
Pearson VUE is
the Florida Testing Service for real estate.
When must the sales associate's post-license be completed?
Before the first license renewal
Which activity would require a real estate license?
An attorney, managing a real estate brokerage office
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