You’ve been studying real estate for a while, and you’re a few weeks from taking the exam and getting your real estate license. Which activities are you able to do?
Charge your friends for real estate advice.
Go to auctions and buy real estate on a friend’s behalf and receive a fee when he flips the house.
Negotiate and buy your own property.
Sell your friend’s property for a small percentage of the profit.
A real estate license is required ______.
When performing maintenance work for one property owner
When performing real estate activities for others, for compensation of any kind
When performing real estate activities for others, without receiving compensation
When performing real estate activities for yourself
Which activity can you perform without a license?
Negotiate rent for another tenant in the office building where you work.
Negotiate rent of an office building for the nonprofit where you work.
Negotiate the sale price of a friend’s office building for a fee.
Sell your neighbor’s house for a fee.
Amanda helps her neighbor sell his home by assisting with negotiations. She receives no compensation for her assistance. Based on this one transaction, Amanda ______.
Doesn’t need a real estate license
Must have a broker license
Must have at least a broker associate license
Must have at least a sales associate license
A licensee filled in the blanks on a standard form used in their brokerage firm. Is this okay?
No, because they are not an attorney, he shouldn’t prepare contracts.
No, they should have his client complete any forms.
Yes, licensees can use standard forms provided by the brokerage or approved by an attorney.
Yes, real estate licensees may draft contracts and fill in blanks on existing contracts.
Which of the following options describes services that someone without a real estate license can legally perform for a fee?
List and negotiate the sale of someone else’s condo
Locate and negotiate the purchase of property for someone else
Research schools, crime rates, and other statistics about a neighborhood
Show and lease someone else’s property
What’s a recommended way to protect yourself from committing unauthorized practice of law when drafting a document?
Keep an attorney on retainer and complete all contracts in his or her presence.
Make the terms of all contracts subject to review by attorneys for both parties.
Make the terms of all contracts subject to review by both parties.
Send your clients to their attorneys when the time comes to complete a contract.
Which of the following is considered unauthorized practice of law?
Explaining a clause in a contract to a client
Interpreting the legal consequences of a client’s actions
Using existing forms an attorney has reviewed
Using standard language for addenda
Which of the following actions concerning tenant rights should real estate licensees take?
Advise landlords on their legal rights and responsibilities to tenants under the law.
Advise tenants on their legal rights and responsibilities under the law.
Ignore tenants’ legal rights.
Learn and understand tenants’ legal rights.
You decide to help negotiate the sale price of a buddy’s place, even though you don’t yet have a license. After the sale, he pays you $50 in appreciation for your efforts. Why would this be illegal?
Anything over $25 is an illegal form of compensation to anyone without a license.
It’s illegal to offer advice about real estate unless you’re licensed.
Without a license, you can’t accept compensation for real estate services performed for others.
You didn’t have a compensation agreement in writing before the sale.
Regarding documentation, which of the following actions can help a licensee avoid being accused of unauthorized practice of law?
Disclosing in writing to all parties in a transaction that the licensee isn’t a licensed attorney, so there’s no licensee liability
Having a designated broker review and notarize all completed contracts
Having a designated broker write all contracts from scratch to make them specific to each transaction
Using approved fill-in-the-blank forms
Which activity can you perform without a license?
Negotiate rent for another tenant in the office building where you work.
Negotiate rent of an office building for the nonprofit where you work.
Negotiate the sale price of a friend’s office building for a fee.
Sell your neighbor’s house for a fee.
Jim doesn’t have a real estate license. Which activity is he legally allowed to perform?
Give advice to a friend who is negotiating the purchase of a house.
List a friend or family member’s home for sale for a fee.
Negotiate the sale of a house for two friends and receive a tip as thanks.
Receive payment for managing real estate.
Which one of the following actions constitutes the unauthorized practice of law if performed by a real estate licensee who isn’t also a licensed attorney?
Drafting a legal contract using legal language
Preparing a listing agreement
Preparing a sales contract by filling in the blanks with terms specific to the contract
Preparing a sales contract using an approved form
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What license status do you need to perform real estate services?
Active
Ineffective
Involuntary inactive
Voluntary inactive
How long can a license remain in involuntary inactive status?
No more than a year
No more than five years
No more than six months
No more than two years
In Florida, real estate licenses must be renewed every two years by which dates?
December 31 or June 30
January 1 or July 1
March 1 or September 1
March 31 or September 30
George failed to renew his real estate license before the expiration date. What status will George’s license automatically change to?
Active
Involuntary inactive
Null and void
Voluntary inactive
Robert did not complete his post-licensing education before his first license expiration date. May he continue to work as a sales associate?
No, his license will be null and void if he does not complete the education requirement and renew on time.
No, Robert’s license will automatically revert to involuntary inactive if he does not renew on time.
Yes, as long as he renews within two years.
Yes, provided he pays the late fee.
In Florida, how often must a real estate broker renew their license?
Every five years
Every three years
Every two years
Every year
Jeanie is a broker for Sun Valley Realty and for Peak, LLC. To be the broker for both of these businesses, Jeanie must have _______.
A group license
At least one sales associate working for her at both businesses
Multiple licenses
Out-of-state licenses
Evan has an active real estate license in Florida but has decided not to practice real estate for a while. What license status may he request from the DBPR?
Active
Ineffective
Involuntary inactive
Voluntary inactive
Jevon just learned that his employer’s broker license has been suspended. What status will his own license become?
Active
Ineffective
Involuntary inactive
Voluntary inactive
Danny is a sales associate working for Jay, the owner/developer for both Shirley Homes and Laverne Estates. To sell real estate for both business entities, what must Danny have?
A broker license
A group license
Multiple employers
Multiple licenses
If Sam, a veteran who was honorably discharged from military service six months ago, decides to apply for a real estate license, what fees can he expect to pay the DBPR?
Biennial license fee only
He qualifies for a fee waiver and does not have to pay the DBPR fees for initial applicants
Initial application fee, biennial license fee, and an unlicensed activity fee
Initial application fee only
What will the initial effective date of your real estate license be?
January 1 of the year after you pass your license exam
March 31 of the year you receive your license
September 30 of the year you receive your license
The date you pass your license exam
In Florida, how often must a real estate sales associate renew their license?
Every five years
Every three years
Every two years
Every year
Ben didn’t renew his license because he had not completed his continuing education before the expiration date. What happens if he waits longer than two years past the license expiration date to complete the requirement and renew his license?
He will need to complete additional education requirements to activate his license again.
His license becomes null and void.
His license remains in involuntary inactive status.
His license will be suspended.
Pat has just been issued a real estate license in Florida and hasn’t yet registered with the DBPR under an employer. What’s the status of Pat’s license?
Active
Involuntary active
Null and void
Voluntary inactive
Mark passed his license exam on February 10, 2014. What is the initial expiration date of his license?
February 10, 2016
March 31, 2016
September 30, 2015
September 30, 2016
Sales associates may register with how many employing brokers at a time?
One
There’s no limit to the number of employing brokers a sales associate may have at a time.
Two, if they have a group license
Two, if they have multiple licenses
Maria has had her sales associate license since April 15, 2015. What education requirement must she complete before her first renewal?
14 hours of continuing education
45 hours of continuing education
45 hours of post-licensing education
75 hours of post-licensing education
Which one of the following is exempt from renewal provisions?
A licensee while on family leave to take care of a family member
A member of the Florida Real Estate Commission
Licensees who are also employed as police officers
Members of the armed forces on active duty or six months after discharge from active duty
If you move, you’ll need to update your mailing address and email address with the DBPR within _______ days or you may receive a citation and a $500 fine.
10
30
365
90
Tim’s license is in voluntary inactive status and it’s time for renewal. What happens if he does not renew before the license expiration date?
The license becomes null and void
The license remains in voluntary inactive status
The license reverts to active status
The license reverts to involuntary inactive status
Judy’s first sales associate license was issued on October 2, 2014. By what date must she renew her license to keep it active?
January 1, 2017
March 31, 2017
October 2, 2016
September 30, 2016
Gerry is submitting an application for a sales associate license for the first time. She will need to pay the initial application fees and ____ fee to the DBPR.
Biennial license
Exam fee
Fingerprinting fee
Unlicensed activity
Cindy’s license became involuntary inactive when she did not renew her license by the September 30 expiration date. How much time does she have to renew her license before it becomes null and void?
Five years
One year
Six months
Two years
What amount of education will you need to complete before your first sales associate license renewal?
14 hours of continuing education
24 hours of continuing education
45 hours of post-licensing education
75 hours of post-licensing education