regulations.Approve licensure courses.

Section 3: Commission Rules Flashcards

The Division of Real Estate exists primarily toApprove or deny license applications.Provide administrative support to the FREC.Discipline licensees who are in violation of regulations.Approve licensure courses.Provide administrative support to the FREC.The Division of Real Estate provides support services to the FREC such as record-keeping and other administrative duties.Group LicenseA group license is one held by sales associates or broker associates that work for an owner/developer to sell various properties owned by the owner/developer. The owner/developer must prove that although the business entities have different names, they are connected by ownership.Doug, a real estate broker, is convinced that a rule or guideline that significantly affects him is not valid and should be changed. He can seek recourse bycontacting his state legislative delegation, only.writing his local Board of County Commissioners to speak at a meeting of his concerns.petitioning for an administrative determination before the Florida Real Estate Commission.informing the National Realtor's Association and hoping someone changes the rule soon.petitioning for an administrative determination before the Florida Real Estate Commission.The FREC has the power to make and change administrative rules and meetings are

open to public comment, with advance notice.Reference:

3.3 Voluntarily Inactive LicenseVoluntarily inactive license status means that the license holder chooses not to practice real estate at this time. The licensee must complete renewal requirements to keep this status and may change the license status to active by working as a sales associate or broker and notifying the Department.Two of the seven members of the Florida Real Estate Commission must benever licensed as real estate sales associates or brokers.licensed for at least seven years.licensed as attorneys.aged 60 years or older.never licensed as real estate sales associates or brokers.Two members of the FREC are members of the public who have never been licensed as real estate

professionals.Reference: 3.3

The legal rights and responsibilities of real estate licensees are established by what law?Florida Statute Chapter 455Florida Statute Chapter 475Florida Administrative Code 61J2Florida Statute Chapter 574 Florida Statute Chapter 475The Florida Statute Chapter 475 was created by the Florida Legislature to establish the legal rights and responsibilities of real estate licensees.

Reference: 3.3

Cancelled LicenseA licensee who no longer wishes to keep his or her license in force may contact the Department and ask that its status be changed to cancelled.Which Florida Statute gives the Florida Real Estate Commission the authority to discipline Florida-licensed real estate professionals?Chapter 20Chapter 83Chapter 120Chapter 455 Chapter 455Florida Statutes, Chapter 455 states that licensed professions "shall be regulated only for the preservation of the health, safety, and welfare of the public

under the police powers of the state". Reference: 3.1

Janelle just passed the exam for the real estate sales associate's license, but after working for three months under a broker, she finds she is too busy with family obligations to devote enough time to the job and resigns.The best way for Janelle to retain her license in voluntarily inactive status, is totake the post-licensure course before her first renewal, then take the CE courses every two years, and pay her renewal fees.tell the Department to cancel her license.plan to take a 28-hour reactivation course before two years are up.tell the department she will be ready to work again in about three years.take the post-licensure course before her first renewal, then take the CE courses every two years, and pay her renewal fees.By completing her prelicensure and CE courses and paying the required fees, Janelle can retain her license in voluntarily inactive status, and she will be able to activate her license at any time by securing employment with a broker.Which best describes the members of the Florida Real Estate Commission?eight members who serve two-year staggered termsfour licensed brokers with five years experience ; one broker or sales associate with two years experience ; and two consumers who have never been involved in the real estate professiona chairperson, vice-chairperson, secretary, and treasurerone representative each from single-family homes, condominiums, timeshares, mobile homes, industrial properties, commercial properties, and business opportunities four licensed brokers with five years experience ; one broker or sales associate with two years experience ; and two consumers who have never been involved in the real estate professionFREC members are four licensed brokers active during the previous five years, one broker or sales associate active during the previous two years, and two community members with no experience as real estate professionals, one of whom must be at least 60 years old.They are appointed by and are accountable to the Governor.Multiple LicensesBrokers who own one or more brokerages may apply for multiple licenses to cover each brokerage. The FREC may review the applicant's situation to decide if multiple licensing is necessary.Which statement best describes a group license?a license held by a group of brokersseparate licenses held by a broker for different businessesa right granted to a sales associate or broker associate to work various properties owned by one owner/developerOne license held by a group of sales associates that allows them to work at various properties owned by one owner/developer a right granted to a sales associate or broker associate to work various properties owned by one owner/developerOwner/developers often own several properties with different locations and names. A group license allows sales associates and broker associates to work at any of the properties the owner/developer operates.Current LicenseA current license is one held by a licensee who has met all the requirements for renewal such as a post-licensure course, Continuing Education, and payment of the renewal fee.Involuntarily Inactive LicenseA license is involuntarily inactive when the licensee fails to meet renewal requirements. The maximum amount of time a license may remain involuntarily inactive is two years, at which time it expires.Null and Void LicenseWhen a license's status is "null and void" it means the license is no longer valid and the former licensee cannot engage in the practice of real estate.

Active LicenseAn active license is one that the real estate licensee is currently using to engage in real estate activities.Cease to be in ForceA license may cease to be in force if a broker or real estate school changes its business address without notifying the Department within 10 days of the change, or if a sales associate or real estate instructor changes his employer and does not notify the Department within 10 days.By issuance of a Final Order, a broker's license was revoked by the Florida Real Estate Commission. The licenses of the sales associates working under the broker arenot affected by the broker's revocation.automatically void.automatically placed on involuntary inactive status.subject to suspension after a hearing.automatically placed on involuntary inactive status.If a broker's license is suspended or revoked in a disciplinary action, the licenses of the sales associates working for that broker are placed on involuntarily inactive status.

Reference: 3.1

If a new sales associate fails to complete the post-licensing education requirement within the allotted time frame, the initial license willbecome null and void.become inactive.have a penalty of not less than $1,000.not have any change in status.become null and void.In the event that you fail to successfully complete the mandatory 45 Hour POST LICENSING Florida course, before your first initial license renewal date, your license will then be categorized as "null

and void". Reference: 3.1

License Authority VoidedWhen a license may no longer be reinstated, its status will be listed as "expired" or "license authority voided." Inactive LicenseAn inactive license is one that is not being used and may be either voluntarily or involuntarily inactive.