Unit 6 Practice Exam Repeat

Chapter 475 establishes the composition of the probable cause panel. How many current members of the FREC must be on the panel?

The secretary of the DBPR may issue a summary suspension to a broker’s license if

Which is NOT one of the requirements of a final order?

Which is NOT one of the three types of penalties available to enforce the license law?

How many days does a broker have to correct a minor violation that has resulted in a notification of noncompliance?

After receiving a citation, how many days does a broker have to either request a formal hearing or pay the citation?

The maximum time of suspension of a license is

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

Which is a first-degree misdemeanor by a licensee?

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

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?

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?

Chapter 61J2 of the Florida Administrative Code contains the

Which is NOT one of the eight steps in the disciplinary process?

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