28-Hour Reactivation Education Course 2023

Unit 1 – REAL ESTATE LICENSE LAW AND QUALIFICATIONS FOR LICENSURE Copy

12 Topics | 11 Quizzes

Topic 1.1: History and Objectives of Real Estate License Laws

Topic 1.1: Practice Activities

Topic 1.2: License Categories Copy

Topic 1.2: Practice Activities

Topic 1.3: General Licensure Provisions

Topic 1.3: Practice Activities

Topic 1.4: Application Requirements

Topic 1.4: Practice Activities

Topic 1.5: Sales Associate License Requirements

Topic 11.5: Practice Activities

Topic 1.6: Broker License Requirements

Topic 1.6: Practice Activities

Topic 1.7: Mutual Recognition Agreements with Other States

Topic 1.7: Practice Activities

Topic 1.8: Information Included on the Real Estate License

Topic 1.8: Practice Activities

Topic 1.9: Registration vs Licensure

Topic 1.9: Practice Activities

Topic 1.10: License Renewal Education

Topic 1.10: Practice Activities

Topic 1.11: Real Estate Services

Unit 1: Key Points

Unit 1 Practice Exam

UNIT 2—THE REAL ESTATE LICENSE LAW AND COMMISSION RULES

5 Topics | 5 Quizzes

Topic 2.1: The Department of Business and Professional Regulation (DBPR)

Topic 2.1: Practice Activities

Topic 2.2: Division of Real Estate

Topic 2.2: Practice Activities

Topic 2.3: The Florida Real Estate Commission

Topic 2.3: Practice Activities

Topic 2.4: License Renewal and License Status

Topic 2.4: Practice Activities

Unit 2: Key Points

Unit 2 Practice Exam

UNIT 3—BROKERAGE RELATIONSHIPS, DUTIES AND DISCLOSURE

10 Topics | 9 Quizzes

Topic 3.1: The Concept of Agency

Topic 3.1: Practice Activities

Topic 3.2: Disclosure Requirements

Topic 3.2: Practice Activities

Topic 3.3: Authorized Brokerage Relationships

Topic 3.3: Practice Activities

Topic 3.4: Nonrepresentation

Topic 3.4: Practice Activities

Topic 3.5: Single Agent Relationship

Topic 3.5: Practice Activities

Topic 3.6: Transaction Broker Relationship

Topic 3.6: Practice Activities

Topic 3.7: Designated Sales Associate

Topic 3.7: Practice Activities

Topic 3.8: Record Keeping and Retention

Topic 3.8: Practice Activities

Topic 3.9: Terminating a Brokerage Relationship

Unit 3: Key Points

Unit 3: Practice Exam

UNIT 4—REAL ESTATE BROKERAGE ACTIVITIES

13 Topics | 12 Quizzes

Topic 4.1: Brokerage offices

Topic 4.1: Practice Activities

Topic 4.2: Guidelines for Advertising

Topic 4.2: Practice Activities

Topic 4.3: Escrow (Trust) Accounts

Topic 4.3: Practice Activities

Topic 4.4: Notice and Settlement Procedures

Topic 4.4: Practice Activities

Topic 4.5: Rental Lists and Rental Companies

Topic 4.5: Practice Activities

Topic 4.6: Brokers and Sales Associates Are Experts

Topic 45.7: Broker’s Commission

Topic 4.7: Practice Activities

Topic 4.8: Other Laws Regulating the Practice of Real Estate

Topic 4.8: Practice Activities

Topic 4.9: Entities That May Register As Brokerage Firms

Topic 4.9: Practice Activities

Topic 4.10: Entities That May Not Register as A Brokerage Firm

Topic 4.10: Practice Activities

Topic 4.11: Trade Names

Topic 4.11: Practice Activities

Topic 4.12: Personal Assistants

Topic 4.12: Practice Activities

Unit 4: Key Points

Unit 4 Practice Exam

Unit 5—VIOLATIONS OF LICENSE LAW, PENALTIES AND PROCEDURES

4 Topics | 4 Quizzes

Topic 5.1: Disciplinary Procedures

Topic 5.1: Practice Activities

Topic 5.2: Administrative Penalties

Topic 5.2: Practice Activities

Topic 5.3: Real Estate Recovery Fund

Topic 5.3: Practice Activities

Unit 5: Key Points

Unit 5 Practice Exam

Unit 6—FEDERAL AND STATE LAWS PERTAINING TO REAL ESTATE

4 Topics | 4 Quizzes

Topic 6.1: Fair Housing Laws

Topic 6.1: Practice Activities

Topic 6.2: Other Federal Laws

Topic 6.2: Practice Activities

Topic 6.3: Florida Residential Landlord and Tenant Act

Topic 6.3: Practice Activities

Unit 6: Key Points

Unit 6 Practice Exam

Unit 7—REAL ESTATE CONTRACTS

11 Topics | 10 Quizzes

Topic 7.1: Contracts in General

Topic 7.1: Practice Activities

Topic 7.2: Essentials of a Contract

Topic 7.2: Practice Activities

Topic 7.3: Classification of Contracts

Topic 7.3: Practice Activities

Topic 7.4: Contract Negotiation

Topic 7.4: Practice Activities

Topic 7.5: Termination of Contracts

Topic 7.5: Practice Activities

Topic 7.6: Breach of Contract

Topic 7.6: Practice Activities

Contracts Important to Real Estate Copy

Topic 7.7: Listing Contracts

Topic 7.7: Practice Activities

Topic 7.8: Sales Contracts

Topic 7.8: Practice Activities

Topic 7.9: Options, Procuring Cause, and Negligence

Topic 7.9: Practice Activities

Unit 7: Key Points

Unit 7 Practice Exam

UNIT 8—REAL ESTATE RELATED COMPUTATIONS AND CLOSING OF TRANSACTIONS

8 Topics | 8 Quizzes

Topic 8.1: Basic Real Estate Computations

Topic 8.1: Practice Activities

Topic 8.2: Preliminary steps to a closing

Topic 8.2: Practice Activities

Topic 8.3: Prorated Expenses

Topic 8.3: Practice Activities

Topic 8.4: State Transfer Taxes

Topic 8.4: Practice Activities

Topic 8.5: Other Charges

Topic 8.5: Practice Activities

Topic 8.6: General Rules for Debits and Credits

Topic 8.6: Practice Activities

Topic 8.7: Closing Disclosure

Topic 8.7: Practice Activities

Unit 8: Key Points

Unit 8 Practice Exam

Unit 9—REAL ESTATE INVESTMENTS AND BUSINESS OPPORTUNITY BROKERAGE

7 Topics | 7 Quizzes

Topic 9.1: Investment Real Estate Terminology

Topic 9.1: Practice Activities

Topic 9.2: Types of investments

Topic 9.2: Practice Activities

Topic 9.3: Advantages of Real Estate Investments

Topic 9.3: Practice Activities

Topic 9.4: Disadvantages of Investing in Real Estate

Topic 9.4: Practice Activities

Topic 9.5: Assessment of Risk

Topic 9.5: Practice Activities

Topic 9.6: Nature of Business Brokerage

Topic 9.6: Practice Activities

Unit 9: Key Points

Unit 9 Practice Exam

Practice Final Examination-50 Questions

28-Hour Reactivation Education End-of-Course Exam

Unit 3: Practice Exam

28-Hour Reactivation Education Course 2023 UNIT 3—BROKERAGE RELATIONSHIPS, DUTIES AND DISCLOSURE Unit 3: Key Points Unit 3: Practice Exam

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15

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Question 1 of 15

1. Question
Who authorizes an agent to handle business matters on his or her behalf?
- Fiduciary
- Arm’s length
- Principal
- Sales associate
Correct

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Question 2 of 15

2. Question
Which type of agent performs acts for the principal in all matters related to a business operation
- Dual
- Special
- General
- Broker
Correct

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Question 3 of 15

3. Question
The law presumes that a broker is acting as a
- single agent.
- transaction broker.
- dual agent.
- designated broker.
Correct

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Question 4 of 15

4. Question
The three authorized brokerage relationships under Florida law are
- transaction broker, single agent, dual agent.
- transaction broker, designated sales associate, dual agent.
- single agent, dual agent, no brokerage relationship.
- transaction broker, single agent, designated sales associate.
Correct

Incorrect
Question 5 of 15

5. Question
Which is defined as a residential sale?
- A quadruplex
- A 120-acre farm
- A vacant lot intended for use as a 6-unit apartment building
- A five-unit apartment building
Correct

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Question 6 of 15

6. Question
Which situation requires that a sales associate give a brokerage relationship disclosure?
- The rental of a one-family house
- Single agent selling a duplex
- When acting as a transaction broker
- Single agent selling a commercial building
Correct

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Question 7 of 15

7. Question
A transaction broker is NOT required to
- account for all funds.
- obey the principal.
- deal honestly and fairly.
- use skill, care, and diligence in the transaction.
Correct

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Question 8 of 15

8. Question
A buyer asks a transaction broker why the sellers are moving. Which duty requires that the broker not disclose the information?
- Limited confidentiality
- Dealing honestly and fairly
- Disclosing all known facts
- Accounting for all funds
Correct

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Question 9 of 15

9. Question
Transaction brokers
- must give a brokerage relationship notice to all customers.
- have the duty of limited confidentiality.
- must obey the instructions of the principal.
- have a fiduciary relationship with the customer.
Correct

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Question 10 of 15

10. Question
Which is NOT correct about single agents?
- Have the duty of obedience
- Must be loyal to the principal
- Must give the principal a single agent notice
- Have a nonfiduciary relationship with the principal
Correct

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Question 11 of 15

11. Question
A sales associate works in a realty company that is the single agent for a seller. The sales associate wants to show the house to a prospective buyer. Which choice is a legal way to accomplish this goal?
- Have the buyer sign a no brokerage relationship notice
- Become a designated sales associate
- Give the buyer a transaction broker notice
- Give the buyer a single agent notice
Correct

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Question 12 of 15

12. Question
Which is NOT a duty of a licensee with no brokerage relationship?
- Limited confidentiality
- Dealing honestly and fairly
- Disclosing all known facts that materially affect the value of residential property which are not readily observable
- Accounting for all funds entrusted to the licensee
Correct

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Question 13 of 15

13. Question
Which is NOT a requirement for becoming a designated sales associate in a real estate transaction?
- The transaction be for non-residential property
- Buyer and seller each sign a statement the he or she has assets in excess of $1 million
- Buyer and seller request this representation status
- Buyer and seller must be given a notice of dual agency
Correct

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Question 14 of 15

14. Question
A real estate broker must retain all documents for real estate transactions that result in a written contract to purchase and sell real property for
- twelve months.
- two years.
- five years.
- seven years.
Correct

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Question 15 of 15

15. Question
A situation that allows one licensee in a realty company to be a single agent for the seller of a commercial property, and one licensee in the same firm to be a single agent for the buyer describes the brokerage relationship called
- designated sales associate.
- dual agency.
- transaction broker.
- single agency.
Correct

Incorrect

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