#1
Which agency regulates real estate licensing and practices in Florida?
Florida Real Estate Commission (FREC)
ExplanationRegulatory agency overseeing real estate in Florida.
#2
What is the minimum age requirement to obtain a real estate license in Florida?
18 years old
ExplanationMinimum age for obtaining a real estate license.
#3
What is the purpose of the Florida Real Estate Commission (FREC)?
To regulate real estate licensing and practices in Florida
ExplanationFunction of Florida's real estate regulatory body.
#4
Which of the following is NOT considered a violation of Florida real estate license law?
Refusal to negotiate in good faith
ExplanationNon-violation of Florida real estate law.
#5
In Florida, what is the maximum amount of time a real estate broker has to deposit escrow funds into a trust account after receiving them?
3 business days
ExplanationTime limit for depositing escrow funds by brokers.
#6
Which of the following is NOT required to be disclosed in Florida real estate transactions?
Previous ownership history
ExplanationNon-disclosure requirement in Florida transactions.
#7
In Florida, how many hours of pre-licensing education are required for a sales associate?
75 hours
ExplanationHours of education needed for sales associate license.
#8
Which of the following is NOT a requirement to renew a Florida real estate license?
Proof of citizenship
ExplanationNon-requirement for Florida license renewal.
#9
In Florida, what is the maximum fine for a first-time violation of real estate license law?
$10,000
ExplanationMaximum fine for initial license law breach.
#10
What is the purpose of the Florida Real Estate Recovery Fund?
To provide financial assistance to consumers who have been harmed by real estate licensees
ExplanationFund aiding harmed consumers in real estate transactions.
#11
Which of the following is NOT a type of agency relationship recognized in Florida real estate transactions?
Single agency
ExplanationNon-recognized agency relationship in Florida.
#12
What is the purpose of the Florida Condominium Act?
To regulate the sale of condominium units
ExplanationRegulation of condominium unit sales in Florida.
#13
What is the Florida homestead exemption?
An exemption allowing homeowners to reduce the assessed value of their primary residence for property tax purposes
ExplanationTax reduction for primary residence in Florida.
#14
Which of the following is true regarding real estate advertising in Florida?
All advertising must include the broker's license number
ExplanationRequirement for broker license number in Florida ads.
#15
What is the purpose of the Florida Fair Housing Act?
To ensure equal housing opportunities for all individuals
ExplanationEnsuring housing equality in Florida.
#16
What is the purpose of the Florida Landlord and Tenant Act?
To establish guidelines for residential leases
ExplanationEstablishing lease guidelines in Florida.
#17
What is the purpose of the Florida Residential Landlord and Tenant Act?
To establish guidelines for landlord-tenant relationships
ExplanationEstablishing guidelines for landlords and tenants in Florida.