Florida Broker Exam Flashcards Actual

1 Florida Broker Exam Flashcards / Actual Test Questions with Detailed Verified Answers / Already Graded A / , .

Quiz____?Executive Branch of Florida Government (including the DBPR) - Answer✓✓ Florida Statue Chapter 20

Quiz____?The law is often referred to as the Real Estate Practice Act - Answer✓✓ Florida Statute Chapter 475

Quiz____?The law that was established for Real Estate Brokers, sales associates, and appraisers - Answer✓✓ Florida Statue Chapter 475

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Part I of the Florida statue 475 pertains to: -

Answer✓✓ Real estate brokerages 1 / 4

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Part II of the Florida Statue 475 pertains to: -

Answer✓✓ Real estate appraisers and sets for the requirements for FL licensed and certified appraisers

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Part III of Chapter 475 pertains to: -

Answer✓✓ The Commercial Real Estate Lien Act, Gives broker lien rights for earned commission. This act applies only to the commercial property (not residential property)

Quiz____?The Commercial Real Estate Sales Commission Lien Act - Answer✓✓ The right to place against owner's net proceeds(personal property) from the sale and does not attach to the commercial real property.

Quiz____?Part IV, of Chapter 475, Commercial Real Estate Leasing Commission Lien Act - Answer✓✓ Give a broker lien rights for earned commission associated with a brokerage agreement to lease commercial real estate 2 / 4

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Quiz____?Florida State 455 Regulation of Professions and Occupations - Answer✓✓ Department of Business and Professional Regulation and the professions under the department

Quiz____?Florida Statue Chapter 120 - Answer✓✓ 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.

Quiz____?Florida Administrative Code Chapter 61J2 - Answer✓✓ Florida Real Estate Commission Rules

Quiz____?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. - Answer✓✓ Sales Associate

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Quiz____?An individual who is qualified to be issued a broker's license but who operates as a sales associate in the employ of another - Answer✓✓ Broker Associate

Quiz____?An unlicensed entity that sells, exchanges, or leases it own property - Answer✓✓ Owner Developer

Quiz____?What are some rules of staff of owner developer? - Answer✓✓ 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.

Quiz____?"Let the Buyer Beware" - Answer✓✓ Caveat emptor

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Licensees applicants Requirements: -

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