Florida · state portion

Free Florida Real Estate License Law and Commission Rules practice questions

10 original questions with full explanations. 2 of the 100 scored exam questions (about 2%) come from this area.

1. 1

   What is the primary role of the Division of Real Estate in relation to the Florida Real Estate Commission?

   • A. To provide administrative support to the FREC
   • B. To investigate complaints and discipline licensees
   • C. To regulate real estate schools and approve courses
   • D. To issue licenses and collect fees
   Show answer & explanation

   Answer: A

   The Division of Real Estate provides administrative support to the Florida Real Estate Commission.

2. 2

   What is the result of a broker complying with an Escrow Disbursement Order and later suffering a judgment?

   • A. The broker is reimbursed from the Real Estate Recovery Fund and faces disciplinary action
   • B. The broker is not reimbursed from the Real Estate Recovery Fund and does not face disciplinary action
   • C. The broker is not reimbursed from the Real Estate Recovery Fund and faces disciplinary action
   • D. The broker is reimbursed from the Real Estate Recovery Fund without disciplinary action
   Show answer & explanation

   Answer: D

   A broker who complies with an Escrow Disbursement Order and later suffers a judgment is reimbursed from the Real Estate Recovery Fund without disciplinary action.

3. 3

   What is the relationship between the Division of Real Estate and the Florida Real Estate Commission?

   • A. The Division of Real Estate is a separate entity from the FREC
   • B. The Division of Real Estate is a part of the FREC
   • C. The FREC is a division of the Division of Real Estate
   • D. The Division of Real Estate reports to the DBPR
   Show answer & explanation

   Answer: A

   The Division of Real Estate is a separate entity from the Florida Real Estate Commission, and provides administrative support to the FREC.

4. 4

   Under what statutory authority does the Florida Real Estate Commission operate?

   • A. Chapter 718 F.S.
   • B. Chapter 720 F.S.
   • C. Chapter 721 F.S.
   • D. Chapter 475 F.S.
   Show answer & explanation

   Answer: D

   The Florida Real Estate Commission operates under the authority of Chapter 475 F.S. and Rule 61J2 F.A.C.

5. 5

   Who has the authority to adopt rules for the real estate industry in Florida?

   • A. The DBPR
   • B. The Division of Real Estate
   • C. The Florida Legislature
   • D. The Florida Real Estate Commission
   Show answer & explanation

   Answer: D

   The Florida Real Estate Commission has the authority to adopt rules for the real estate industry in Florida under Chapter 475 F.S. and Rule 61J2 F.A.C.

6. 6

   What are some of the powers of the Florida Real Estate Commission?

   • A. Adopting rules, disciplining licensees, and setting education standards
   • B. Collecting taxes, issuing driver's licenses, and regulating insurance companies
   • C. Regulating the banking industry, overseeing the stock market, and setting interest rates
   • D. Providing legal advice, mediating disputes, and offering real estate services
   Show answer & explanation

   Answer: A

   The Florida Real Estate Commission has the power to adopt rules, discipline licensees, and set education standards under Chapter 475 F.S. and Rule 61J2 F.A.C.

7. 7

   What is the maximum fine that the Florida Real Estate Commission can impose on a licensed real estate professional?

   • A. $1,000 per count
   • B. $2,500 per count
   • C. $10,000 per count
   • D. $5,000 per count
   Show answer & explanation

   Answer: D

   The Florida Real Estate Commission can impose a maximum fine of $5,000 per count on a licensed real estate professional.

8. 8

   What is the total number of members on the Florida Real Estate Commission?

   • A. 5
   • B. 6
   • C. 7
   • D. 8
   Show answer & explanation

   Answer: C

   The Florida Real Estate Commission has a total of 7 members, consisting of 4 licensed brokers, 1 broker or sales associate, and 2 consumer members.

9. 9

   What power does the Florida Real Estate Commission have under Chapter 475 F.S.?

   • A. To issue licenses to real estate professionals
   • B. To appraise property values
   • C. To provide title insurance to homebuyers
   • D. To adopt rules for the real estate industry
   Show answer & explanation

   Answer: D

   The Florida Real Estate Commission has the power to adopt rules for the real estate industry under Chapter 475 F.S.

10. 10

    How does the Florida Real Estate Commission ensure compliance with its rules and regulations?

    • A. Through discipline and enforcement
    • B. Through education and training
    • C. Through audits and inspections
    • D. Through legislation and lobbying
    Show answer & explanation

    Answer: A

    The Florida Real Estate Commission ensures compliance with its rules and regulations through discipline and enforcement, including fines, suspensions, and revocations of licenses.