Unit 6 Practice Exam
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Question 1 of 15
1. Question
Chapter 61J2 of the Florida Administrative Code contains the
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Question 2 of 15
2. Question
Which is NOT one of the eight steps in the disciplinary process?
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Question 3 of 15
3. Question
A woman filed a complaint that a real estate brokerage corporation failed to return an earnest money deposit when her offer to purchase was rejected by the seller. The DBPR will
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Question 4 of 15
4. Question
Chapter 475 establishes the composition of the probable cause panel. How many current members of the FREC must be on the panel?
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Question 5 of 15
5. Question
The secretary of the DBPR may issue a summary suspension to a broker’s license if
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Question 6 of 15
6. Question
Which is NOT one of the requirements of a final order?
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Question 7 of 15
7. Question
Which is NOT one of the three DBPR responses to violations?
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Question 8 of 15
8. Question
How many days does a broker have to correct a minor violation that has resulted in a notification of noncompliance?
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Question 9 of 15
9. Question
After receiving a citation, how many days does a broker have to either request a formal hearing or pay the citation?
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Question 10 of 15
10. Question
The maximum time of suspension of a license is
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Question 11 of 15
11. Question
Sales associate Sally works for broker Donald, a sole proprietor. Broker Donald mishandles escrowed funds, and the FREC subsequently revoked his license. When Donald’s license is revoked, sales associate Sally’s license will be
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Question 12 of 15
12. Question
Which is a first-degree misdemeanor by a licensee?
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Question 13 of 15
13. Question
A broker defrauded a customer during a real estate transaction. The customer sued the broker and won a judgment in the amount of $75,000 plus $12,000 in legal fees. The recovery fund will pay the customer
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Question 14 of 15
14. Question
A corporate broker stole the money from his escrow account. The customer who lost money has sued the brokerage corporation and received a judgment in the amount of $44,000 plus $4,000 interest. How much will the customer be able to collect from the recovery fund?
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Question 15 of 15
15. Question
Broker John followed an escrow disbursement order of the FREC and paid the $12,000 to his seller. The buyer sued the broker for the funds and got a court judgment for $12,000 and $6,000 in court costs and attorney fees. The broker defended against the court action. Later, the Real Estate Recovery Fund paid $18,000 to the buyer. What will happen to the broker?
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