Chapter 2

What year was the Florida real estate commission

• 1925
• 1950
• 2000
• 1975

What is the purpose of the real estate license law?

• To protect the law

• To clarify laws

• To protect the public

• To protect licensee.

Why was the Florida real estate commission created?

• To protect the public

• To administer and enforce the law

• To discipline licensees

• To award professional designations

A sales associate failed to complete the required post license education prior to renewal. What is the status of the license

• Revoked

• Suspended

• Involuntary inactive

• Void

What does the registration of an active sales associate with the department refer to?

• Placing and keeping on record the sales associates name in home address

• Placing and keeping on record the sales associates, name, home address in business address of their employing broker

• The brokers name, and business address

• Placing and keeping on record the sales associates name, and the business address of their employer

How many a license sale associate be paid by their owner developer?

• Salary basis only

• Commission basis only

• Commission basis without bonus

• Commission or salary basis

What are the minimum employment requirements for a license sale associate to qualify for a real estate brokers

• Employed for 12 months under actively licensed broker

• Employed for six months under one or more actively license broker

• Employed for 24 months under one or more actively license brokers

• Employed for six months under one actively licensed broker

How many hours of pulse license education required to renew a brokers license

• 60

• 14 hours

• 24 hours
• 35 hours

All of the following services require a real estate license, except

• Leasing

• Buying

• Selling

• Mortgaging

All of the following information appears on a Florida real estate license, except

• The name of the secretary of department of business and professional regulation

• The seal of the state of Florida

• Expiration date

• Signature of the governor