Florida Real Estate Professional Knowledge Quiz

Test your knowledge on Florida real estate regulations with questions on licensing requirements, violations, and governing bodies.

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Which agency is responsible for regulating real estate professionals in Florida?

Federal Trade Commission (FTC)

Florida Department of Business and Professional Regulation (DBPR)

National Association of Realtors (NAR)

Florida Real Estate Commission (FREC)

What is the minimum age requirement to obtain a real estate sales associate license in Florida?

18 years old

20 years old

21 years old

23 years old

What is the duration of a real estate license in Florida before it needs to be renewed?

One year

Two years

Three years

Four years

Which of the following is NOT a requirement for becoming a real estate broker in Florida?

High school diploma or its equivalent

Passing the Florida Real Estate Broker Examination

Having at least 10 years of experience as a sales associate

Completing 72 hours of pre-licensure education

What is the purpose of the Florida Real Estate Recovery Fund?

To provide loans to real estate professionals for education purposes

To compensate individuals who suffer monetary damages due to fraudulent acts committed by real estate licensees

To finance real estate development projects in Florida

To offer grants to first-time homebuyers

What is the difference between a real estate sales associate and a real estate broker in Florida?

Sales associates can represent clients in real estate transactions, while brokers cannot.

Brokers can own and manage their own real estate offices, while sales associates cannot.

Brokers are required to have a higher level of education and experience than sales associates.

Sales associates are only allowed to work part-time, while brokers work full-time.

In Florida, what is the maximum fine for a first-time violation of the real estate license law?

$1,000

$5,000

$10,000

$15,000

What is the purpose of the Florida Real Estate Education and Research Foundation (FREERF)?

To regulate real estate licensees in the state

To provide scholarships to aspiring real estate professionals

To oversee the administration of real estate exams

To develop real estate laws and regulations

Which of the following is true about the Florida Real Estate Commission (FREC)?

FREC members are appointed by the Governor of Florida.

FREC has authority over both real estate licensees and mortgage brokers.

FREC is an advisory board with no regulatory powers.

FREC is solely responsible for managing real estate education programs.

Florida Real Estate Professional Knowledge Quiz

Which agency is responsible for regulating real estate professionals in Florida?

What is the minimum age requirement to obtain a real estate sales associate license in Florida?

What is the duration of a real estate license in Florida before it needs to be renewed?

Which of the following is NOT a requirement for becoming a real estate broker in Florida?

What is the purpose of the Florida Real Estate Recovery Fund?

What is the difference between a real estate sales associate and a real estate broker in Florida?

In Florida, what is the maximum fine for a first-time violation of the real estate license law?

What is the purpose of the Florida Real Estate Education and Research Foundation (FREERF)?

Which of the following is true about the Florida Real Estate Commission (FREC)?

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