Final answer:
A person with a four-year degree or higher in real estate is exempt from FREC Course II.
Step-by-step explanation:
The statement is True.
A person who holds a four-year degree or higher in real estate from an accredited institution of higher education is exempt from FREC Course II. This means that individuals who have already obtained a higher education degree in real estate do not need to take FREC Course II to fulfill their educational requirements.
For example, if someone has a Bachelor's degree in real estate from an accredited university, they would be exempt from taking FREC Course II.