CHAPTER THREE QUIZ

If a licensee does not renew an active license by the expiration date, what happens?

The license becomes voluntarily inactive.
The license becomes null and void.
The license becomes involuntarily inactive.
Nothing, the licensee is automatically given 2 years to renew the license.

If the fees to be collected by the FREC will be more than required for a cash balance, the FREC may

refund the difference to the individuals who paid the fees.
place the excess funds into an account for economically challenged licensees and applicants.
cease collecting fees for the following 2 years.
decrease the amount of appropriate fees to be collected.

Records of each applicant’s examination are to be kept

for 2 years.
until the applicant passes the exam.
until the licensee’s first license renewal.
for 7 years.

All licenses expire

on April 30 or October 31.
on March 31 or September 30.
2 years after the date of license issuance.
on January 1 every 2 years.

Sally is a member of the U.S. Navy. What must she do to renew her real estate license?

Complete continuing education and apply for renewal
Apply for renewal and pay the renewal fee
Complete continuing education, apply for renewal, and pay the renewal fee
Sally is exempt from renewal requirements.

Sally’s first sales associate license was issued on March 15, 2019. What happens if Sally does not complete her post-license education before her license expiration date?

Sally has 2 additional years to complete the education and renew her license.
She will be charged a late renewal fee.
Her license will become involuntarily inactive until she completes the post-license education.
Sally’s license will become null and void.

Sally’s first sales associate license was issued on March 15, 2019. When will her license expire?

September 30, 2021
March 15, 2021
September 30, 2020
March 31, 2021

The DBPR is governed by

F.S. Title IV, Section 20.
F.S. Chapter 455.
F.S. Chapter 120.
F.S. Chapter 475.

The FREC includes

five members who hold real estate licenses.
four members of the general public who have never been licensed brokers.
seven members who have held broker licenses for the previous 5 years.
two members who have held sales associate licenses for the preceding 2 years.

The function of the Division of Real Estate is to

collect fees and assessments from licensure applicants.
support the Florida Real Estate Commission.
provide services for all examinations.
oversee license renewal procedures.

The legislative intent in establishing the DBPR and its related statutes was to

restrict competition in the real estate profession.
create restrictive standards for professional licensure.
place restrictions on qualified individuals who wanted to practice the real estate profession.
protect the public from unregulated business practices.

The probable cause panel

imposes penalties on licensees who have violated license law.
determines if an applicant qualifies for licensure.
must include one current member of the FREC
must not include former members of the FREC.

Which of the following does NOT investigate complaints against licensees?

Florida Real Estate Commission
Division of Real Estate
Division of Real professions
Department of Business and Professional Regulation

Which of the following statements is true?

At least one member of the FREC must be at least 65 years old.
The governor appoints the FREC chairperson and vice-chairperson annually.
Members of the FREC must not serve more than two consecutive terms.
All FREC members serve 2-year staggered terms.

Which of the following statements is true?

At least one member of the FREC must be at least 65 years old.
The governor appoints the FREC chairperson and vice-chairperson annually.
Members of the FREC must not serve more than two consecutive terms.
All FREC members serve 2-year staggered terms.

If a licensee commits a criminal violation of license law, the FREC must

criminally prosecute the licensee.
immediately revoke the licensee’s license.
report the violation to the State Attorney.
notify the police.

If a licensee criminally violates license law, the FREC is required to

report the violation to the State Attorney.
notify the Attorney General of the violation.
place the licensee on probation.
impose a civil fine on the licensee.

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CHAPTER THREE QUIZ

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2. Question

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4. Question

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7. Question

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CONTACT

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