Chapter 2

Card Set Information

Author:
lacyelliott
ID:
149733
Filename:
Chapter 2
Updated:
2012-04-24 00:20:27
Tags:
license law qualifications educational requirements
Folders:

Description:
Real estate license law and qualifications for licensure.
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user lacyelliott on FreezingBlue Flashcards. What would you like to do?


  1. When was the FREC created?
    1925
  2. Qualifications in obtaining a Florida Real Estate Sales Associates License?
    • 1) not required to be a FL resident or to be a citizen of the United States
    • 2) have a high school diploma or equivalent
    • 3) be 18 or older
  3. True or False:

    Member of the FL Bar are exempt from taking the 63 hour sales associate course.
    True
  4. When must all associates must complete the 45 hour post licence education?
    • Prior to the expiration date of their initial license period.
    • Persons with a 4 year degree in Real Estate are exempt from taking the post license class
  5. How many hours of continuing education are required?
    14 hours after your first license renewal
  6. BROKER ASSOCIATE
    when a person with a broker's license still continues to act in the capacity of a sales associate
  7. ATTORNEYS IN FACT
    persons granted authority under a power of attorney to act for others in some capacity such as signing documents.
  8. The real estate license law serves what purpose

    a) to protect the public
    b) to proect licensees
    c) to clarify the law
    d) to grant licenses
    A. Protect the public
  9. A sales associate failed to complete the required postlicense education prior to renewal. What is the status of the license?
    VOID like it never even happened.
  10. Which service does NOT require a real estate license?
    a) leasing
    b) mortgaging
    c) buying
    d) selling
    B. Mortgaging- done by banks etc.

What would you like to do?

Home > Flashcards > Print Preview