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Florida Real Estate License Law and Commission Rules — Printable Practice Pack
Florida state portion · Chapter 475 F.S., Rule 61J2 and Florida's transaction-broker relationships · 20 questions · Answer key on the last page · agentexamcoach.com
1.What are the powers of the Florida Real Estate Commission under Chapter 475 F.S. and Rule 61J2 F.A.C.?
(A)To adopt rules, discipline licensees, and set education standards
(B)To issue licenses, collect fees, and investigate complaints
(C)To regulate mortgage brokers, appraisers, and inspectors
(D)To oversee the DBPR and the Division of Real Estate
2.What is the maximum fine that the Florida Real Estate Commission can impose on a licensee?
(A)$1,000
(B)$5,000
(C)$10,000
(D)$20,000
3.What is the purpose of the Division of Real Estate?
(A)To manage state parks and regulate environmental issues
(B)To oversee the banking industry and regulate securities
(C)To enforce labor laws and regulate transportation
(D)To administer and enforce the laws and rules related to real estate
4.What power does the Florida Real Estate Commission have under Chapter 475 F.S. and Rule 61J2 F.A.C.?
(A)To impose fines only
(B)To license and educate real estate professionals only
(C)To investigate and prosecute unlicensed activity only
(D)To adopt rules, discipline licensees, and set education standards
5.What is the composition of the Florida Real Estate Commission?
(A)5 licensed brokers and 2 consumer members
(B)6 licensed brokers and 1 consumer member
(C)3 licensed brokers and 4 consumer members
(D)4 licensed brokers, 1 broker or sales associate, and 2 consumer members
6.What are the powers of the Florida Real Estate Commission?
(A)To adopt rules, discipline licensees, and set education standards
(B)To issue licenses, collect fees, and investigate complaints
(C)To regulate mortgage brokers, appraisers, and inspectors
(D)To provide legal advice and representation to licensees
7.Under what authority does the Florida Real Estate Commission operate?
(A)Chapter 718 F.S. and Rule 61J1 F.A.C.
(B)Chapter 721 F.S. and Rule 61J4 F.A.C.
(C)Chapter 720 F.S. and Rule 61J3 F.A.C.
(D)Chapter 475 F.S. and Rule 61J2 F.A.C.
8.What is the authority of the Florida Real Estate Commission under Chapter 475 F.S. and Rule 61J2 F.A.C.?
(A)To issue licenses and collect fees
(B)To provide pre-licensing education courses
(C)To investigate complaints and impose fines
(D)To adopt rules, discipline licensees, and set education standards
9.What is the purpose of Rule 61J2 F.A.C.?
(A)To regulate real estate brokers and sales associates
(B)To set standards for real estate education
(C)To establish guidelines for real estate transactions
(D)To provide for the licensing of attorneys
10.How many licensed brokers are on the Florida Real Estate Commission?
(A)2 licensed brokers
(B)3 licensed brokers
(C)4 licensed brokers
(D)5 licensed brokers
11.How many of the Florida Real Estate Commission members must be consumer members who have never been licensed?
(A)2 members
(B)1 member
(C)3 members
(D)4 members
12.Which of the following is a power of the Florida Real Estate Commission?
(A)To adopt rules for the real estate industry
(B)To issue driver's licenses
(C)To collect sales tax
(D)To regulate the insurance industry
13.How are consumer members selected for the Florida Real Estate Commission?
(A)They are appointed by the Governor
(B)They are elected by the public
(C)They are selected by the FREC
(D)They are chosen by the DBPR
14.What is the primary role of the Division of Real Estate?
(A)To adopt rules for the real estate industry
(B)To discipline licensed real estate professionals
(C)To provide administrative support to the Florida Real Estate Commission
(D)To educate the public about real estate
15.What is the authority for the Florida Real Estate Commission to adopt rules?
(A)Chapter 718, F.S.
(B)Chapter 475, F.S. and Rule 61J2, F.A.C.
(C)Chapter 720, F.S.
(D)Chapter 721, F.S.
16.What is the primary function of the Division of Real Estate?
(A)To adopt rules and discipline licensees
(B)To provide administrative support to the FREC
(C)To educate and license real estate professionals
(D)To investigate and prosecute unlicensed activity
17.What is the primary responsibility of the Division of Real Estate?
(A)To adopt rules for the real estate industry
(B)To discipline licensed real estate professionals
(C)To provide administrative support to the FREC
(D)To educate the public about real estate transactions
18.What is the primary source of authority for the Florida Real Estate Commission?
(A)Chapter 718 F.S.
(B)Chapter 475 F.S. and Rule 61J2 F.A.C.
(C)Chapter 720 F.S.
(D)Chapter 721 F.S.
19.What are the powers of the Florida Real Estate Commission under Chapter 475 F.S.?
(A)To issue licenses only
(B)To adopt rules and discipline licensees
(C)To set real estate prices
(D)To provide real estate education
20.How many of the Florida Real Estate Commission members are consumer members who have never been licensed as real estate professionals?
(A)1 member
(B)2 members
(C)3 members
(D)4 members
Answer key & explanations
1. 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.
2. B — The Florida Real Estate Commission can impose a maximum fine of $5,000 per count on a licensee.
3. D — The Division of Real Estate is responsible for administering and enforcing the laws and rules related to real estate.
4. D — 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.
5. D — The Florida Real Estate Commission is composed of 4 licensed brokers, 1 broker or sales associate, and 2 consumer members who have never been licensed.
6. 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. D — The Florida Real Estate Commission operates under the authority of Chapter 475 F.S. and Rule 61J2 F.A.C.
8. D — The Florida Real Estate Commission has the authority to adopt rules, discipline licensees, and set education standards under Chapter 475 F.S. and Rule 61J2 F.A.C.
9. A — Rule 61J2 F.A.C. regulates real estate brokers and sales associates, and provides guidelines for their licensure and practice.
10. C — There are 4 licensed brokers on the Florida Real Estate Commission.
11. A — Two members of the Florida Real Estate Commission must be consumer members who have never been licensed.
12. A — The Florida Real Estate Commission has the power to adopt rules for the real estate industry under Chapter 475 F.S. and Rule 61J2 F.A.C.
13. A — Consumer members are appointed by the Governor to the Florida Real Estate Commission.
14. C — The Division of Real Estate provides administrative support to the Florida Real Estate Commission.
15. B — The Florida Real Estate Commission adopts rules under the authority of Chapter 475, F.S. and Rule 61J2, F.A.C.
16. B — The primary function of the Division of Real Estate is to provide administrative support to the FREC, including tasks such as processing license applications and maintaining records.
17. C — The Division of Real Estate provides administrative support to the Florida Real Estate Commission.
18. B — The primary source of authority for the Florida Real Estate Commission is Chapter 475 F.S. and Rule 61J2 F.A.C.
19. B — The Florida Real Estate Commission has the power to adopt rules, discipline licensees, and set education standards under Chapter 475 F.S.
20. B — There are 2 consumer members on the Florida Real Estate Commission who have never been licensed as real estate professionals.
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