Chapter 3 and 4

FREC's ability to enforce license law, adopt a seal, establish fees, and regulate licensing is known as ______.

What is an agent?

What does FREC do?

You have 10 days to inform DBPR if...

A special agent is someone who....

Where is the DRE located?

Which law grants authority to DBPR?

What does the DRE do?

Dual agency is when a broker (even if different sales associates) represents both the buyer and seller as a _____.

You have to do 14 Continuing Education hours every _____.

What is the initial effective date of your license?

How many years should disclosure documents be kept even for failed sales?

In what type of relationship is the broker not an agent for either party?

If you skip your continuing education credits:

Which law governs DBPR?

A multiple license is....

In this relationship, the broker can relay information, but may not negotiate on behalf of either party.

Which of the following IS required to do the license renewal requirements?

This is the relationship that Florida law refers to parties as customers because neither party is fiduciary.

This means that the licensee can practice real estate but under conditions imposed by FREC.

Which of the following is under the DBPR?

In this relationship, the broker also has to be confidential, obedient, loyal & give full disclosure of material facts.

FREC's ability to make judgements, grant/deny license applications, determine license law violations and penalize is:

DBPR must ALSO be notified in 10 days if:

If you change brokers, can you take a buyer or seller with you?

If you change brokers, can you remove records or listing from your old broker?

What is a principal?

What type of relationship gives buyers and sellers limited representation?

Which one is NOT something DBPR is able to do?

This means that the licensee is not authorized to perform real estate services because they are not properly registered.

This means that the licensee is up to date on requirements for licensure.

Where is the DBPR located?

4 members of FREC must be _______.

Where is FREC located?

A broker may change a single agency to a transaction relationship at any time with a ____.

If you pass the real estate exam on February 28th 2022, your 45 hour post licensing will be due on...

In this relationship, the broker has to present all offers, and has limited confidentiality.

You have 60 days to inform FREC if...

The Brokerage Relationship Disclosure Act...

2 members of FREC must be _______.

What is a fiduciary relationship?

1 member of FREC must be _______.

A group license is....

What limitations are there on serving for FREC?

FREC's ability to adopt rules and bylaws and regulate professional practices is known as __________.

Which of the following does NOT count as a residential transaction?

In this relationship, the broker is the agent of the principal (who is called the principal/client).

A general agent is someone who....

In this relationship, the broker only has to accoutn for funds, deal honestly/fairly, and disclose material facts.

If you pass the real estate exam on February 28th 2022, your 2 year renewal will be due on...

What does DBPR do?

When is disclosure in writing needed?

Which law structures DBPR?

Which of the following requires a relationship disclosure?

If you skip the post-licensing education before the first renewal of your license:

Florida law presumes this relationship so no written disclosures are required.

In what type of relationship does the broker represents eitherthe buyer or seller in fiduciary (not both)?

In this relationship, the customer is NOT responsible for the acts of the licensees.