Gold Coast schools real estate chapter 2 complete questions and answers exam, Exams of Real Estate Management

Download Gold Coast schools real estate chapter 2 complete questions and answers exam and more Exams Real Estate Management in PDF only on Docsity! Gold Coast schools real estate chapter 2 complete questions and answers exam In what year was the Florida real estate commission created? - >>>1925 What is the purpose of the real estate license law? - >>>To protect the public Why was the Florida real estate commission created? - >>>To administer and enforce the law A sales associate failed to complete the required post license education prior to renewal. What is the status of the license? - >>>Void What does the registration of an active sales associate with the department refer to? - >>>Placing and keeping on record the sales associates name, home, address and business address of their employing broker. How many a licensed sales associate be paid by the owner-developer? - >>>On a commission or salary basis What are the minimum employment requirements for a licensed sales associate to qualify for a real estate brokers license? - >>>Employed for 24 months under one or more actively licensed brokers How many hours of post-license education are required to renew a broker license? - >>>60 hours All of the following services require a real estate license, except? - >>>Mortgaging All of the following information appears on a Florida real estate license, except - >>>The signature of the governor What mass in applicant for a real estate license do if they have been convicted of a crime? - >>>The applicant must disclose all convictions on the application. Which condition must exist for an applicant to qualify for a real estate license? - >>>The applicant must have a high school education or equivalent. Which of the following statements best describes an attorney-in-fact? - >>>an attorney-in-fact is authorized by a power of attorney to act for another Which individual is exempt from the license requirements of Florida statue 475? - >>>An attorney who performs legal duties in connection with a real estate transaction. Complete this statement. An actively licensed attorney who is a member in good standing with the Florida bar__________. - >>>Is exempt from continuing education requirements to maintain a real estate license. What is a broker associate? - >>>A broker who is employed as a sales associate Florida has an agreement with some other states that recognize the similarity in education and experience requirements for licenses. What is the agreement called? - >>>Mutual recognition Which of the following statements is true regarding a plumber who has been appointed by a court to appraise a small business? - >>>The plumber may do so and be paid a fee. All of the following individuals are exempt from the real estate license law, except? - >>>Funeral directors performing duties of real estate for compensation.