REPL EXAM Final Exam Questions and Answers 2024

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REPL EXAM Final Exam Questions and Answers 2024

1. A $1.5 billion agency regulating one million professionals and businesses across some 200 licensee categories in Florida is:: The Florida Department of Business and Professional Regulation. 2. Who elects the Chairperson of the FREC?: The FREC Members 3. What is the primary mission of FREC?: To protect the public 4. Nelson just received his Florida license.Which of the following will NOT be on the license?: An Equal Housing Opportunity Logo 5. Broker Norman failed to display an office entrance sign. Which disciplinary action is Norman most likely to receive?: A citation 6. Jane cheated on her real estate examination and was caught. What will happen?: Jane will have her application denied. 7. A veteran sales associate's license expired on September 30. What will be the status of the license on Oct. 1?: The license is involuntarily inactive. 8. Katherine loves to show and sell houses for others for compensation. She has been doing so for two years and without a license. She has been caught and she wants to obtain a license. What is likely to happen?: The FREC may deny her license since she was holding herself out to be a licensee, practicing real estate in the previous year. 9. The Real Estate Recovery Fund: Was designed to serve as consumer protec- tion for those consumers who were harmed in a real estate transaction. 10. Jane is a college graduate with a four-year degree in real estate.She has a sales associate's license and seeks to renew the license for the second time. What must she do?: She must take 14 hours of continued education. She must fill out the form, pay the fee, and return it before the expiration date. 11. In a licensee's personal business budget, a trade association fee would qualify as what type of expense?: Operating expense 12. What does it mean to "qualify" a seller in real estate?: To find out if the seller is truly ready to sell

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