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Definition
| a license ceases to exist |
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Term
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Definition
| where licensee receives letters and so forth through the USP |
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Term
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Definition
| set policy and no one can question |
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Definition
| permits sales associates to work from different offices throughout state owned by affiliated entities under one owner developer. |
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Term
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Definition
| status of license when it becomes inactive or has been suspended. |
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Term
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Definition
| license status that results when a license is not renewded at the end of the license period. |
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Term
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Definition
| broker holds more than one brocker license; multiple real estate offices |
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Term
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Definition
| requiring no further proof |
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Term
| quasi-judicial power of FREC |
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Definition
| Grant or deny applications, determine violations, administer penalties |
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Term
| quasi-legislative power of FREC |
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Definition
| power to interpret and enact administrative rules and regulations |
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Term
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Definition
| licensee chooses not to engage in real estate and even though has met all requirments to engage. |
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Term
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Definition
| To protect the general public by regulating the real estate industry |
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Term
| FREC consists of how many members? |
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Definition
| 7 (4 licensed Florida real estate broker who have held a license for the last 5 years, 2 non-licensed consumers, 1 licensed broker or associate who has held an active license during the last two years |
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Term
| Who appoints FREC members? |
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Definition
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Term
| FREC members (Commissioners) serve how many years? |
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Definition
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Term
| How many consecutive terms may a FREC Commissioner serve? |
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Definition
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Term
| * at least one of the seven FREC members must be 60 years of age or older |
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Definition
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Term
| Can FREC send a licensee to jail? |
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Definition
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Term
| Who carries out the decisions and policies set forth by the commission? |
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Definition
| Division of Real Estate (DRE) |
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Term
| Purpose of Division of Real Estate (DRE)? |
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Definition
| Provide all services required to administer the Florida Real Estate License Law |
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Term
| Who appoints the Director of the DRE? |
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Definition
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Term
| * DBPR employees all DRE personnel to support FREC activities |
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Definition
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Term
| Licensees must notify the DBPR in writing of any change in address within how many days |
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Definition
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Term
| How often must your license be renewed? |
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Definition
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Term
| What is the status of your license if you failed to renew? |
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Definition
| Involuntarily inactive status |
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Term
| Who issues and renews all licenses? |
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Definition
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Term
| * A Florida licensee who joins the US Armed Forces is exempt from all renewal requirements while on active duty & for 6 months thereafter |
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Definition
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Term
| Who handles all testing, grading and storing of exams? |
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Definition
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Term
| What must a licensee do if his/her license has been involuntarily inactive for more than 12 months but less than 24 months? |
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Definition
| Complete two 14-hour continuing education courses |
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Term
| A license becomes void when? (3) |
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Definition
| 1) expired 2) revoked 3) canceled |
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Term
| A license becomes ineffective when? (2) |
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Definition
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