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Chapter 3 Practice Questions

Chapter 3: Law & Qualifications. Practice Florida real estate questions and review the explanation for each answer.

45 practice questions

  1. Chapter 3 What is the primary responsibility of the Florida Legislature regarding real estate?
  2. Chapter 3 Which body was established in 1925 to enforce the real estate law and ensure professionalism in the industry?
  3. Chapter 3 How is the real estate industry described prior to the 1900s?
  4. Chapter 3 What is the primary purpose of the Department of Business and Professional Regulation (DBPR)?
  5. Chapter 3 Which statement best describes the relationship between the Division of Real Estate (DRE) and the Florida Real Estate Commission (FREC)?
  6. Chapter 3 The DBPR divides its responsibilities across specialized divisions to ensure:
  7. Chapter 3 Which of the following is a specific responsibility of the Division of Real Estate (DRE)?
  8. Chapter 3 What is the literal meaning of the Latin term "caveat emptor"?
  9. Chapter 3 Under the early principle of caveat emptor, who was primarily responsible for discovering problems with a property?
  10. Chapter 3 What was a major consequence of the real estate industry operating under "caveat emptor"?
  11. Chapter 3 What is the main purpose of real estate regulation?
  12. Chapter 3 Real Estate Regulation sets clear standards for which of the following areas to reduce the risk of fraud?
  13. Chapter 3 Which real estate professional holds a broker's license but chooses to work under the supervision of another broker?
  14. Chapter 3 Which level of licensure is permitted to operate independently and open a real estate brokerage?
  15. Chapter 3 To qualify for a real estate sales associate license in Florida, an applicant must be at least
  16. Chapter 3 Which of the following is TRUE regarding U.S. citizenship and Florida residency for real estate applicants?
  17. Chapter 3 Regarding criminal history, what must an applicant disclose on their application?
  18. Chapter 3 Why is a U.S. Social Security number required for all applicants?
  19. Chapter 3 Under Chapter 455.11, can a non-citizen immigrant take the real estate examination?
  20. Chapter 3 A military veteran is applying for a real estate sales associate license 4 years after being honorably discharged. Which fees are waived for this applicant?
  21. Chapter 3 A low-income individual applying for a license may qualify for a fee waiver if their household income is at or below what percentage of the federal poverty guidelines?
  22. Chapter 3 An active duty member of the U.S. Armed Forces who is NOT practicing real estate in the private sector is exempt from which of the following?
  23. Chapter 3 An applicant for a real estate license was convicted of a misdemeanor 10 years ago. Adjudication was withheld. Does the applicant need to disclose this on the application?
  24. Chapter 3 What happens if an applicant has a "sealed" criminal record?
  25. Chapter 3 What is the purpose of the "Summary of Applicants" (SOA) agenda at a FREC meeting?
  26. Chapter 3 An applicant submits a completed application to the DBPR. If the Department does not approve or deny the application within 90 days, what is the outcome?
  27. Chapter 3 An applicant fails the state exam and wishes to review the questions they missed. How many days do they have to make this request?
  28. Chapter 3 A licensee is an active duty member of the U.S. Army. They are not practicing real estate in Florida. Which statement is TRUE regarding their license renewal?
  29. Chapter 3 The spouse of a U.S. Navy officer is a licensed real estate sales associate. The family is stationed in Virginia for 3 years. Is the spouse required to renew their Florida license during this time?
  30. Chapter 3 A nonresident applicant who holds a valid real estate license in a state with a mutual recognition agreement with Florida: