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Questions and Answers
What does Florida Statute 20 establish?
What does Florida Statute 20 establish?
What is Florida Statute Chapter 475 Part 1 commonly referred to as?
What is Florida Statute Chapter 475 Part 1 commonly referred to as?
Real Estate Professional Practice Act
Which body regulates state-certified, licensed, and registered trainee appraisers according to Florida Statute Chapter 475 Part 2?
Which body regulates state-certified, licensed, and registered trainee appraisers according to Florida Statute Chapter 475 Part 2?
Florida Real Estate Appraisal Board (FREAB)
The Commercial Real Estate Sales Commission Lien Act applies to both commercial and residential property.
The Commercial Real Estate Sales Commission Lien Act applies to both commercial and residential property.
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What does Florida Statute Chapter 455 define?
What does Florida Statute Chapter 455 define?
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What does the Administrative Procedure Act, Florida Statute 120, define?
What does the Administrative Procedure Act, Florida Statute 120, define?
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What is outlined in Chapter 61J2?
What is outlined in Chapter 61J2?
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Match the following Florida Statutes with their primary focus:
Match the following Florida Statutes with their primary focus:
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Study Notes
Florida Statute 20
- Establishes the organizational structure of Florida's executive branch.
- Executive branch executes programs and policies adopted by the Legislature.
- Key departments include the Department of Business and Professional Regulation (DBPR).
Florida Statute Chapter 475 Part 1
- Known as the Real Estate Professional Practice Act.
- Defines legal rights and responsibilities for real estate licensees and appraisers.
- Florida Real Estate Commission (FREC) oversees the implementation and enforcement of this chapter.
Florida Statute Chapter 475 Part 2
- Focuses on real estate appraisers, setting requirements for licensing and certification.
- Regulated by the Florida Real Estate Appraisal Board (FREAB).
- FREAB operates similarly to FREC in disciplinary procedures.
Florida Statute Chapter 475 Part 3
- Introduces the Commercial Real Estate Sales Commission Lien Act.
- Grants brokers lien rights for earned commissions on commercial property only.
- Lien applies to owner's net proceeds from sales, not to the property itself.
Florida Statute Chapter 475 Part 4
- Known as the Commercial Real Estate Leasing Commission Lien Act.
- Provides brokers with lien rights for commissions related to leasing commercial real estate.
Chapter 455
- Details general provisions for DBPR and all regulated professions, including real estate.
- Section 455.10 prohibits disqualification based solely on U.S. citizenship status.
- Addresses organization, meetings, and compensation of commissions and boards.
- Includes unlicensed practice regulations and licensing exam requirements.
- Requires licensees to notify DBPR within 30 days of any criminal conviction.
Florida Statute 120
- Establishes the Administrative Procedure Act regarding regulatory agency actions.
- Outlines licensing and disciplinary procedures for real estate licensees.
Chapter 61J2
- Contains rules of the Florida Real Estate Commission.
- Developed through the rulemaking process specified in Chapter 120.
- Administrative rules further clarify statutory provisions of Chapter 475.
- Appraisal rules are included in Chapter 61J1 of the Florida Administrative Code (FAC).
Statutes and Rules Summary
- Chapter 20 pertains to the executive branch organization.
- Chapter 475, Part I addresses real estate brokers and sales associates.
- Chapter 455 covers the DBPR and its licensed professions.
- Chapter 120 describes procedural processes for governmental entities.
- Chapter 61J2 includes the rules set by the Florida Real Estate Commission.
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Description
This quiz covers important aspects of Florida Statutes related to the executive branch and real estate practices. It includes the organizational structure of the executive branch, rights of real estate professionals, and regulations for appraisers. Test your knowledge on the key provisions of these statutes.
