Unit 3 Practice Exam New Copy

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Question 1 of 15

1. Question
Which is NOT one of the divisions in the Department of Business and Professional Regulation?
- Division of Internet Operations
- Division of Professions
- Division of Real Estate
- Division of Service Operations and Licensure
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Question 2 of 15

2. Question
With respect to regulation, the legislative intent is that
- any qualified or unqualified person can engage in any lawful profession as a matter of right.
- professions can be regulated only to preserve the health, safety, and welfare of the public.
- the department or any board may take an action that tends to restrict competition.
- a profession may be regulated in order to increase the income of practitioners.
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Question 3 of 15

3. Question
Funds collected by the Real Estate Commission may be used
- for real estate regulation.
- for advertising the benefits of using a Realtor®.
- to provide sales training for licensees.
- in the general fund of the State of Florida.
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Question 4 of 15

4. Question
The license renewal dates are on
- March 31 or September 30.
- March 1 of even years.
- September 30 of even years.
- March 31 or October 30.
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Question 5 of 15

5. Question
The Director of the DRE is appointed by the
- Governor with the approval of the Senate.
- Chair of the Florida Real Estate Commission.
- Secretary of the DBPR with the approval of the FREC.
- Governor with the approval of the FREC.
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Question 6 of 15

6. Question
A licensee in good standing who is a member of the Armed Forces is exempt from renewing the license as long as he or she is a member of the Armed Forces on active duty and for a period of
- six months after discharge.
- 12 months after discharge.
- 2 years after discharge.
- 5 years after discharge.
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Question 7 of 15

7. Question
The license of a sales associate or a broker associate must be registered under a
- Realtor®.
- general contractor or an owner-developer.
- Realtor® or an owner-developer.
- broker or an owner-developer.
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Question 8 of 15

8. Question
How many members of the real estate commission must have held an active license for the five years preceding appointment?
- 1
- 2
- 4
- 5
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Question 9 of 15

9. Question
The license of a veteran sales associate expired March 31 last year. This year in June, she wants to renew her license. She must pay a late fee, pay the renewal fee, and complete a
- 14-hour continuing education course.
- 28-hour reactivation education course.
- 45-hour sales associate sales post-licensing course.
- 63-hour sales associate course.
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Question 10 of 15

10. Question
How many years can a sales associate remain in an involuntary inactive status before the license expires?
- One
- Two
- Three
- Four
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Question 11 of 15

11. Question
A sales associate’s broker has been disciplined and suspended by the Florida Real Estate Commission. The status of the sales associate is
- voluntary inactive.
- involuntary inactive.
- suspended.
- in limbo.
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Question 12 of 15

12. Question
In which case will a sales associate’s license become void?
- Committed a felony
- Sales associate’s broker died
- Failed to complete required post-licensing course
- Failed to complete the 14-hour continuing education course
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Question 13 of 15

13. Question
Real estate schools may
- guarantee that students will pass the state exam.
- recruit for employment outside the prescribed classroom time.
- offer a list of questions that are represented to be from a state exam.
- offer a refund to students who fail the course exam.
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Question 14 of 15

14. Question
In which case can an inactive sales associate receive a commission?
- In no case
- When the commission is based on a referral and the sales associate did not provide real estate services
- When the sales associate rented a property which was owned by his broker
- When auctioning property only
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Question 15 of 15

15. Question
The Real Estate Education and Research Foundation
- is administered by the Division of Real Estate.
- provides funds for consumers who have suffered loss because of broker malfeasance.
- gives priority to projects with the greatest potential for public benefit.
- was eliminated in 2016 by act of the legislature.
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