Florida Real Estate Sales Associate

Which Florida body is primarily responsible for administering and enforcing the real estate license law under Chapter 475?

1. AThe Florida Real Estate Commission (FREC)Correcta
2. BThe Florida Bar
3. CThe U.S. Department of Housing and Urban Development
4. DThe National Association of REALTORS

Por qué: The Florida Real Estate Commission (FREC) administers and enforces Chapter 475 of the Florida Statutes, which governs real estate licensing and practice. FREC operates within the Department of Business and Professional Regulation (DBPR). Its duties include rulemaking, licensing, and discipline. Specific rules can change over time.

In a general agency relationship, which duty requires a real estate licensee to place the principal's interests above the licensee's own?

1. AThe duty to appraise the property
2. BThe duty of loyalty (obedience and putting the principal first)Correcta
3. CThe duty to guarantee a sale
4. DThe duty of price fixing

Por qué: Loyalty is a core fiduciary duty owed by an agent to a principal, requiring the agent to act in the principal's best interest. In Florida, however, most licensees work as transaction brokers rather than single agents, which changes the specific duties owed. Fiduciary-style duties are strongest in a single-agent relationship.