Florida Broker Practice Exam

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Prepare for the Florida Broker Exam. Study with interactive quizzes, flashcards, and multiple choice questions that include hints and explanations. Ace your exam and start your real estate career today!

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Which of the following is NOT a specific duty of the FREC?

  1. Adopt a seal

  2. Issue mortgage loans

  3. Grant and deny applications for licensure

  4. Suspend or revoke licenses

The correct answer is: Issue mortgage loans

The option that indicates a duty NOT performed by the Florida Real Estate Commission (FREC) is issuing mortgage loans. The primary responsibilities of FREC involve overseeing the licensing and regulation of real estate professionals in Florida, which includes adopting a seal, granting and denying applications for licensure, and having the authority to suspend or revoke licenses of real estate agents and brokers. FREC ensures that real estate licensees adhere to Florida’s laws and ethical standards but does not engage directly in real estate transactions or financing activities such as issuing mortgage loans. This separation of functions helps maintain regulatory oversight while leaving the actual lending and financing to licensed mortgage brokers and banking institutions.

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