Real estate Chapter 2 quiz

Jamie works as an unlicensed personal assistant for Sunshine Realty. Which task is she allowed by law to do? -gather information for a comparative market analysis -show property when you are out of town -call one of your buyers and discuss an offer -list a property when you are busy on another appointment

An unlicensed assistant cannot perform real estate services but can gather information for licensees to perform real estate services. -gather information for a comparative market analysis

Before Esther died, she named her friend JoAnne as her personal representative in her will. To sell the real estate Esther owned, JoAnne is -required to obtain a sales associate's license. -required to obtain a broker's license. -required to obtain the services of a licensed broker. -not required to obtain a real estate license.

As the assigned representative for the estate, Jenny is acting as owner of the estate and does not require a license.

The Florida Statutes that define the general legal practice and procedure for the Department of Business and Professional Regulation (DBPR) and the licensees of all professions, including real estate, are Chapter 475 and Chapter 20. 120. 455. 718.

Florida Statute Chapter 455 outlines general legal practice and procedure for the DBPR and sets forth the requirements concerning license examinations and the use of professional testing services.

Once licensees have completed the post-licensing course required after becoming active as real estate licensees, they must complete -only 3 hours of law every 2-year license period. -only 14 hours of law every 2-year license period. -at least 14 hours of continuing education during every 2-year license period for active and inactive licensees. -at least 14 hours of continuing education during every 2-year license period for active licensees, only.

Fourteen hours of continuing education is required for all subsequent two-year renewal period. Involuntary inactive licensees can maintain their license by continuing to meet this requirement.

Which activity may an unlicensed personal representative at an open house legally perform? -discuss seller's motivation with buyer -hand out materials -answer questions based on their personal opinion -prepare and let buyer sign the offer

Handout materials- Licensing is required to perform real estate services, so unlicensed assistants may only provide support services to a brokerage.

An owner of a unit at a 20-unit condominium complex informs the salaried manager that he will be out of the country for six months and would like a friend to rent the apartment while he is gone. The manager agrees to the six-month rental. Does he need a real estate license? -Yes, because the condominium complex contains more than ten units. -Yes, because the rental period the Manager had arranged was for more than one month. -No because the complex consists of condominiums and not cooperative apartments. -No, because the rental period arranged was for not more than one year.

No, because the rental period arranged was for not more than one year. Certain individuals performing real estate services are exempt from licensure, including an employee who manages a condominium complex and leases units, provided the lease is for no more than one year.

Attendance by a licensee at one legal agenda session for the FREC may be substituted for -fourteen hours of continuing education credit. -six hours of continuing education credit. -four hours of continuing education credit. -three hours of continuing education credit.

The core law course accounts for three hours of FREC-approved continuing education credit.

The Florida Administrative code that expands on the provisions of F. S. Chapter 475 is the 61G2 61G5 61J2 61N

The Florida Administrative Code 61J2 sets forth administrative rules developed by the Florida Real Estate Commission following the rulemaking process outlined in Chapter 120.

If after 24 months a sales associate has not completed the requisite post-licensing education, they can requalify for licensure by -repeating the pre-licensure class, -passing the end-of-course examination, and passing the state licensure examination. -paying a $50 fine and retaking the post-licensure course. -paying a $50 fine and retaking and passing the state licensure examination. retaking and passing the state licensure examination, only.

The license is void if post-licensing education is not complete within 24 months, so the pre-licensing course and examination and state examination must be taken again

Compensation collected in connection with a broker price opinion or comparative market analysis constitutes a brokerage activity and must be paid to the sales associate directly. sales associate's Broker/brokerage. broker/brokerage escrow account. sales associate in cash.

sales associate's Broker/brokerage