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Florida Real Estate Professional Knowledge Quiz

#1

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

Florida Real Estate Commission (FREC)
Explanation

FREC regulates real estate professionals in Florida.

#2

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

18 years old
Explanation

The minimum age requirement is 18 years old.

#3

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

Two years
Explanation

Licenses need to be renewed every two years.

#4

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

Having at least 10 years of experience as a sales associate
Explanation

Not required to have 10 years of experience as a sales associate.

#5

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

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

It compensates victims of fraudulent acts by real estate licensees.

#6

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

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

Brokers can own and manage offices, unlike sales associates.

#7

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

$10,000
Explanation

The maximum fine for a first-time violation is $10,000.

#8

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

To provide scholarships to aspiring real estate professionals
Explanation

It provides scholarships to aspiring professionals.

#9

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

FREC members are appointed by the Governor of Florida.
Explanation

FREC members are appointed by the Governor.

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