Florida Broker Practice Exam

Which Florida statute is associated with the regulation of real estate licensees specifically?

1. Florida Statute Chapter 475

2. Florida State 455

3. Florida Statute Chapter 20

4. Florida Statute Chapter 120

The correct answer is: Florida Statute Chapter 475

Florida Statute Chapter 475 is primarily focused on the regulation of real estate licensees, establishing the legal framework for real estate practice in the state. This statute details the requirements for obtaining a real estate license, outlines the duties and responsibilities of licensees, and provides clarity on the procedures for disciplinary actions, ensuring compliance with state laws. By governing aspects such as licensing, continuing education, and professional conduct, Chapter 475 serves as the cornerstone for maintaining industry standards in real estate. This contributes to protecting consumers and promoting professionalism within the real estate market in Florida, making it essential for anyone working in this field. The other statutes mentioned—such as Chapter 455, which outlines general regulations for professional licensing; Chapter 20, which relates to the structure of state government; and Chapter 120, which addresses administrative procedures—do not specifically focus on real estate licensees to the same extent as Chapter 475. Thus, it is clear why Chapter 475 is the correct choice for a comprehensive understanding of the regulations surrounding real estate practice in Florida.