A quorum to conduct certain duties of the Commission requires ____ members. Show
The Commission's ability to impose disciplinary actions against licensees is known as ____ power. The rule-making authority of the FREC is called ____ power. The FREC is composed of ____ members. To become effective, rules enacted by the FREC must be filed with the ____ ____ ____. Members of the Florida Real Estate Commission may serve no more than ____ consecutive terms. Establishing educational requirements of licensees is an example of the exercise of the ____ powers of the Commission. The Real Estate Education and Research Foundation was established by a transfer of ____ from the Real Estate Trust Fund. To become a broker member of the Florida Real Estate Commission, a broker must have been actively licensed in Florida for a minimum of ____ ____. The offices of the Division of Real Estate are located in ____. The principle office of the DBPR is located in ____. The Director of the Division of Real Estate is ____ by the ____ of the ____ subject to approval by a majority of the members of the ____. appointed, secretary, DBPR, FREC A licensee that fails to renew when required to do so will have his or her license placed on ____ ____. When a licensee changes employers, he or she should request a ____ with a new employer before performing services of real estate for compensation. Licensees that are members of the armed forces have all fees, dues and other requirements waived during their military service and for ____ months after returning to civilian life.
5. Which statement is true regarding examination questions and answers? (a) They are published in the Administrative Weekly before appearing in an examination. (b) They may not be challenged. (c) They may be reviewed by any member of the public upon request. (d) They are confidential. Correct answer: d A private testing service is under contract with the DBPR to provide testing services for real estate and appraisal applicants. Examination questions and answers are confidential. The theft or reproduction of such material is a third-degree felony. The Florida Real Estate Commission held a meeting for the purpose of passing a new rule. This is an exercise of which Commission power? (a) Executive (b) Quasi-legislative (c) Quasi-judicial (d) Ministerial Correct answer: b Quasi-legislative powers give the FREC the power to make and pass rules regulating the operation of licensees and the real estate profession. Rules enacted by the Commission are not laws, but have much the same effect. The purpose of the rule-making authority is to allow the FREC to interpret and implement the law. What action may the Department take if it determines that an unlicensed person has operated in violation of a law or rule under its administration? (a) None, since the Department has no jurisdiction over unlicensed individuals. (b) It may issue an injunction prohibiting such activity in the future. (c) It may imprison the violator for up to 5 years. (d) An administrative fine of up to $5,000 may be imposed. Correct answer: d The DBPR has the power to issue a cease and desist order against an unlicensed party for violation of any rule or law under its administration. Citations may be issued to violators of specified rules that include the payment of an administrative fine not to exceed $5,000 per offense. All of the following penalties could be imposed by the FREC, EXCEPT: (a) Probation (b) Administrative fine of up to $15,000 per offense (c) Suspension for up to 10 years (d) Revocation Correct answer: b The Commission may discipline licensees for violations of F.S. 475 or any rule enacted under its authority. A licensee who is found to be guilty of a violation may receive one of the following disciplinary actions: be issued a reprimand or an administrative fine up to $5,000 per offense, be placed on probation, or have their license suspended for up to 10 years or permanently revoked. A licensee without any pending disciplinary issues decides she no longer wishes to practice real estate and simply gives the license back. What is the status of the license after it is returned to the Department? (a) Suspended (b) Expired (c) Cancelled (d) Surrendered A licensee without any pending disciplinary issues decides she no longer wishes to practice real estate and simply gives the license back. What is the status of the license after it is returned to the Department? (a) Suspended (b) Expired (c) Cancelled (d) Surrendered Correct answer: c If a licensee decides to no longer practice real estate, they could return the license to the Department. The license would be cancelled. Which person may be eligible for membership in the Florida Real Estate Commission?One member must be a licensed broker or a licensed sales associate who has held an active license for the two years preceding appointment. Two members must be people who are not, and have never been, brokers or sales associates.
How many Florida Real Estate Commission members may be licensed as real estate sales associates?How many Florida Real Estate Commission members may be licensed as real estate sales associates? The answer is one. Four members must be licensed as brokers and two members must be consumer members.
What is the maximum number of years a member may serve on the Florida Real Estate Commission?2. What is the maximum number of years a member may serve on the Florida Real Estate Commission? FREC members are appointed for a 4-year term. Members may not serve more than two consecutive terms, although there is no maximum number of years they may serve as long as no more than two terms are consecutive.
Which statement most accurately describes the first year of a 30 year conventional fixed rate mortgage quizlet?Which statement most accurately describes the first year of a 30-year level-payment, fixed rate mortgage? Monthly payments remain constant and the interest portion comprises the majority of the payments.
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