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

Topic 4.4: Practice Activities

28-Hour Reactivation Education Course 2023 UNIT 4—REAL ESTATE BROKERAGE ACTIVITIES Topic 4.4: Notice and Settlement Procedures Topic 4.4: Practice Activities

Time limit: 0

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Question 1 of 6

1. Question
If a condominium buyer requests a refund of the earnest money deposit during the three-day cooling off period and the seller objects, the broker is required to notify the FREC of conflicting demands.
- True
- False
Correct

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Question 2 of 6

2. Question
If the closing date for a transaction has passed and the parties have not agreed on whom the broker should pay, the situation is called “conflicting demands.”
- True
- False
Correct

Incorrect
Question 3 of 6

3. Question
Which is correct about a buyer’s good faith deposit that is being held in the broker’s trust account?
- The buyer is entitled to a refund of the deposit if the seller has not yet signed the purchase contract.
- The buyer is entitled to a refund of the deposit up until the time of closing.
- After the seller signs the purchase contract, the funds are under the control of the seller, who can request the funds at any time.
- The FREC does not have rules for the disbursement of the trust funds if the parties each make a demand for the funds.
Correct

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Question 4 of 6

4. Question
Which is NOT one of the FREC settlement procedures in case both parties make conflicting demands for a broker’s trust deposit?
- Mediation
- Escrow disbursement order
- Arbitration
- Interpleader
Correct

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Question 5 of 6

5. Question
Which is correct about FREC settlement procedures?
- All parties must agree to enter mediation and must agree on payment to the mediator. Once begun, mediation is binding on the parties,
- If the FREC notifies the broker that it will not issue a disbursement order, the broker has authorization to disburse the funds to either party without further action.
- The results of arbitration are legally binding on all parties.
- A panel of three independent brokers can make a binding decision about who is entitled to the deposit.
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Question 6 of 6

6. Question
Which is NOT one of the three exceptions to the conflicting demands requirements that exempt the broker from notifying the FREC?
- A buyer cancels the purchase of a condominium during the cooling-off period.
- A buyer whose contract is contingent on financing fails to qualify for the loan.
- A buyer enters a HUD contract and demands the deposit back, the broker must follow HUD’s Agreement to Abide.
- A buyer who has a death in the family and elects to cancel the contract may do so no later than 30 days before the scheduled closing.
Correct

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