Becoming a Licensed Real Estate Broker
It’s important to understand the broker applicant requirements and situations that may cause an application to be denied, to identify the consequences of failing to disclose a previous conviction and explaining nonresident applicant requirements and mutual recognition agreements.
Also to understand the broker prelicense education and experience requirements, identify exceptions to the course requirements, identify the post-licensing and continuing education requirements for brokers and also to explain active status and inactive status, and the renewal requirements for members of the U.S. armed forces and their spouses, and how it is unlawful to perform real estate services with an expired real estate license.
Distinguishing between licensure and registration, between multiple licenses and a group licenses and explain the provisions for issuance of multiple licenses is also imperative. Other important factors are the rules regarding change of address, residency, and change of business address, while also identify real estate services that require a real estate license and exemptions from licensure.
Q. Which individual is NOT exempt from licensure under real estate license law?
A. Person conducting an auction of real property.
Q. A person applying for a real estate broker license must disclose what?
A. Any denials of a real estate license in another state.
Q. Which statement BEST describes the legal term nolo contendere?
A. It is a plea of no contest.
Q. Which information does NOT have to be disclosed on a real estate license application?
A. Ticket for failing to stop at a red light six months ago
Q. Which statement is TRUE regarding the prelicense end-of-course exam?
A. Students who fail the end-of-course exam may retest one time with a different set of exam questions within one year of the original exam.
Q. An out-of-state real estate licensee moved to Tampa Bay, Florida, six months ago.
A. The out-of-state licensee has requested a Florida real estate license based on mutual recognition. The out-of-state licensee
Q. Which individual is exempt from the continuing education requirement?
A. Active member of The Florida Bar
Q. Which statement is TRUE regarding this situation?
A The applicant has not fulfilled the experience requirement.
Q. A broker works as an active broker for more than one real estate company. In this situation, the Department of Business and Professional Regulation (DBPR) will issue the broker
A. multiple licenses.
Q. Which qualification is required for licensure as a Florida broker?
A. U.S. Social Security number
Q. An employee of a real estate developer sells homes in a new subdivision. In addition to a salary, he receives a $500 bonus for each home he sells after meeting his monthly quota of home sales. Which statement applies to this situation?
A. The employee must hold a real estate license because he receives compensation based on sales.
Q. A licensee who lives in Jacksonville and holds a Florida real estate license is in the process of moving to Alabama. What action must the licensee take regarding the Florida license?
A. Notify the Department of Business and Professional Regulation (DBPR) within 60 days of the change in residency
Q. Which statement is TRUE regarding obtaining a real estate license through mutual recognition? A. Applicants applying for a Florida real estate license through mutual recognition must pass a Florida-specific real estate law license exam with a grade of at least 75%.
Q. If the post-licensing requirement is NOT fulfilled before the first renewal and a broker associate licensee wishes to continue in the real estate business, the licensee…
A. Must retake the broker prelicense course within one year.
Q. Which activity is NOT one of the eight real estate services?
A. Finance real property
Q. A Florida broker applicant has been licensed as a salesperson in Texas from 1970 through 1995. A. The applicant recently moved to Florida and has completed the Florida broker prelicense course. The applicant earned a score of 76 on the end-of-course exam and has submitted the license application to the Department of Business and Professional Regulation (DBPR).