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Florida Violations of License Law, Penalties and Procedures — 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.A sales associate is found to have engaged in fraud. What type of offence is this considered?
(A)A first-degree misdemeanor
(B)A third-degree felony
(C)A second-degree felony
(D)A violation of s.475.25
2.A sales associate is found guilty of commingling funds. What is the maximum fine the FREC can impose?
(A)$1,000 per count
(B)$20,000 per count
(C)$10,000 per count
(D)$5,000 per count
3.Unlicensed practice of real estate is considered what level of crime in Florida?
(A)Third-degree felony
(B)Second-degree misdemeanour
(C)First-degree misdemeanour
(D)First-degree felony
4.What is the maximum amount of time a sales associate's licence may be suspended for a violation under s.475.25?
(A)5 years
(B)20 years
(C)15 years
(D)10 years
5.A sales associate is found guilty of unlicensed practice. What is the level of the offence?
(A)Third-degree felony
(B)Second-degree misdemeanour
(C)First-degree misdemeanour
(D)First-degree felony
6.A sales associate is found guilty of commingling client funds with their own. What is the maximum fine the FREC can impose?
(A)$5,000 per count
(B)$2,500 per count
(C)$1,000 per count
(D)$10,000 per count
7.What is the first step in the complaint process against a sales associate in Florida?
(A)DBPR investigation
(B)Probable cause panel review
(C)Formal complaint filing
(D)Hearing before the Florida Real Estate Commission
8.A sales associate is found guilty of culpable negligence. What type of penalty may the sales associate face?
(A)Only a fine
(B)Only a suspension
(C)Only a revocation
(D)Any of the above, including a fine, suspension, or revocation
9.A complaint is filed against a sales associate for misrepresentation. What is the next step in the complaint process?
(A)The DBPR conducts an investigation to determine probable cause
(B)The sales associate is issued a citation
(C)The sales associate is notified of a formal complaint
(D)The sales associate's licence is suspended
10.A complaint is filed against a Florida real estate sales associate. What is the next step in the complaint process after the DBPR investigation?
(A)Formal complaint
(B)Mediation
(C)Hearing
(D)Probable cause panel
11.A sales associate is found guilty of commingling client funds with their own. What is the maximum fine they may face?
(A)$1,000 per count
(B)$2,500 per count
(C)$5,000 per count
(D)$10,000 per count
12.A person is found guilty of unlicensed practice of real estate. What is the level of the offence?
(A)First-degree misdemeanour
(B)Second-degree misdemeanour
(C)Third-degree felony
(D)First-degree felony
13.What is the maximum period of suspension for a sales associate found guilty of a violation under s.475.25?
(A)5 years
(B)7 years
(C)10 years
(D)15 years
14.What is the maximum amount that may be awarded from the Real Estate Recovery Fund to a claimant who has been harmed by a Florida real estate sales associate's actions?
(A)$5,000
(B)$10,000
(C)$20,000
(D)$50,000
15.A broker who complied with an Escrow Disbursement Order is later found liable in a lawsuit related to the escrow. What happens to the broker's licence?
(A)It is automatically revoked
(B)It is suspended for up to 10 years
(C)The broker is fined up to $5,000
(D)The broker faces no licence discipline
16.A Florida sales associate fails to account for and deliver funds in a real estate transaction. What type of violation has the associate committed?
(A)Breach of trust
(B)Commingling
(C)Conversion
(D)Failure to account and deliver
17.A broker complies with an Escrow Disbursement Order and later loses a judgment related to the escrow. What happens to the broker's licence?
(A)The broker's licence is automatically revoked
(B)The broker's licence is suspended for 1 year
(C)The broker is fined $5,000
(D)The broker's licence is not disciplined
18.What is the maximum amount of time a sales associate's licence can be suspended for a violation of Chapter 475?
(A)2 years
(B)5 years
(C)10 years
(D)Lifetime
19.What is the maximum penalty for unlicensed practice of real estate in Florida?
(A)First-degree misdemeanor
(B)Second-degree misdemeanor
(C)Third-degree felony
(D)First-degree felony
20.A sales associate is found guilty of commingling funds. What is the maximum fine the sales associate may face?
(A)$1,000 per count
(B)$3,000 per count
(C)$5,000 per count
(D)$10,000 per count
Answer key & explanations
1. D — Fraud is a violation of s.475.25, which encompasses various offences including fraud, misrepresentation, and more.
2. D — The maximum fine the FREC can impose is $5,000 per count, as stated in Florida law.
3. A — Unlicensed practice of real estate is considered a third-degree felony in Florida.
4. D — The maximum suspension period for a sales associate found guilty of a violation under s.475.25 is 10 years.
5. A — Unlicensed practice is a third-degree felony in Florida.
6. A — The maximum fine the FREC can impose is $5,000 per count, as stated in Florida law.
7. A — The first step in the complaint process is the DBPR investigation, which determines whether there is sufficient evidence to proceed with the complaint.
8. D — A sales associate found guilty of culpable negligence may face any of the penalties available under s.475.25, including a fine, suspension, or revocation.
9. A — The DBPR conducts an investigation to determine probable cause when a complaint is filed against a sales associate, as outlined in the complaint process under Chapter 475, F.S.
10. D — The next step in the complaint process after the DBPR investigation is the probable cause panel.
11. C — The maximum fine for a sales associate found guilty of commingling client funds is $5,000 per count, as per s.475.25.
12. C — Unlicensed practice of real estate is a third-degree felony.
13. C — The maximum period of suspension for a sales associate found guilty of a violation under s.475.25 is 10 years.
14. D — The maximum amount that may be awarded from the Real Estate Recovery Fund is $50,000, as stated in s.475.482.
15. D — A broker who complies with an Escrow Disbursement Order and later loses a judgment is reimbursed from the Real Estate Recovery Fund without facing licence discipline.
16. D — The associate has committed a failure to account and deliver, which is a type of violation under s.475.25.
17. D — According to s.475.482, a broker who complies with an Escrow Disbursement Order and later loses a judgment is reimbursed from the Real Estate Recovery Fund without licence discipline.
18. C — The maximum amount of time a sales associate's licence can be suspended is 10 years.
19. C — Unlicensed practice of real estate in Florida is a third-degree felony. This is a serious offense that can result in severe penalties, including imprisonment and fines.
20. C — The maximum fine for a violation under s.475.25 is $5,000 per count. Commingling funds is a serious violation that can result in significant fines.
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