Sales associate - ANSWER: ➡ Must be employed by a real estate broker or owner developer to
o o o oo o o o o o o o o o o o o
practice real estate
o o o o
*must complete all pre license requirements to obtain their initial license as a sales associate
o o o o o o o o o o o o o o
Broker - ANSWER: ➡ A person who performs services of real estate as an agent for another
o o oo o o o o o o o o o o o o o
and receives compensation for those services either directly or indirectly
o o o o o o o o o o
,A Sales Associate transitioning to a Broker - ANSWER: ➡ Must have been employed under one
o o o o o o o o oo o o o o o o
or more actively licensed brokers for at least 24 months writhing the last 5 yrs before
o o o o o o o o o o o o o o o o
becoming eligible to take the state broker examination
o o o o o o o o
Additional applicants who qualify to apply for a brokers license [F.A.C.61J2-2.027(1)(b)] -
o o o o o o o o o o o
ANSWER: ➡ Actively licensed real estate sales associates from another STATE OR NATION
o oo o o o o o o o o o o o
who have been Licensed for at least 24 months during the preceding 5 yrs
o o o o o o o o o o o o o o
Broker Associate - ANSWER: ➡ Someone who is qualified to receive a broker license but
o o o oo o o o o o o o o o o
chooses instead to be employed under the direction, control and management of an actively
o o o o o o o o o o o o o o
licensed broker or owner developer.
o o o o o
In this capacity the broker acts as a sales associate NOT as a broker
o o o o o o o o o o o o o
Florida real estate license requirements - ANSWER: ➡ An applicant for a Florida real estate
o o o o o o oo o o o o o o o
license requirements is NOT required to be a resident of the state of Florida, or to be a citizen of
o o o o o o o o o o o o o o o o o o o o
the United States
o o o
Florida Mutual recognition - ANSWER: ➡ Florida has entered into "Contractual agreements"
o o o o oo o o o o o o
with 7 states that recognize the similarity in the content of their mutual education and
o o o o o o o o o o o o o o o
experience requirements for real estate licensing.
o o o o o o
Alabama
Arkansas o
Connecticut o
Georgia
Mississippi o
Illinois o
Nebraska
Form #1 DBPR RE 1 o o o o
, "Have you ever been convicted or found guilty of, or entered a plea of Nolo contendere (no
o o o o o o o o o o o o o o o o
contest) or guilty to, regardless of adjudication, a crime in any jurisdiction, or are you
o o o o o o o o o o o o o o o
currently under criminal investigation?"
o o o o
The question further defines which offenses are covered - ANSWER: ➡ For practical purposes,
o o o o o o o o o oo o o o
this question requires the disclosure of any criminal convictions, including felony or
o o o o o o o o o o o o
misdemeanor convictions or pleas ( other than minor traffic offenses).
o o o o o o o o o o
DUI is not a minor traffic offense and must be disclosed
o o o o o o o o o o
Application Denial - ANSWER: ➡ If an application to take state exam is denied, the applicant
o o o oo o o o o o o o o o o o
will be notified in writing.
o o o o o
The notification will identify the reasons for denial and advise the applicant they they have 21
o o o o o o o o o o o o o o o
days from the date of receipt to request a formal hearing before an administrative law judge
o o o o o o o o o o o o o o o o
Compensating broker or sales associate - ANSWER: ➡ Florida real estate license law requires
o o o o o o oo o o o o o o
a sales or broker associate to be employed as an agent of either a broker or owner developer
o o o o o o o o o o o o o o o o o o
before performing real estate services for compensation.
o o o o o o o
They may NOT be directly compensated for real estate services by a member of the public.
o o o o o o o o o o o o o o o
Only their employing broker or owner developer
o o o o o o
Employment by owner developer - ANSWER: ➡ The owner developer must register with the
o o o o o oo o o o o o o o
department but does not receive a real estate license
o o o o o o o o o
Post licensing course - ANSWER: ➡ All licensees, whether active or inactive, must
o o o o oo o o o o o o o
satisfactorily complete a Commission prescribed post licensing course before the first
o o o o o o o o o o o
renewal expiration date, following initial licensure.
o o o o o o
Sales associate first renewal - ANSWER: ➡ Sales associate must complete a 45 hour post
o o o o o oo o o o o o o o o
license course.
o o
Failure to complete this requirement will result in licensee being out of business and voided
o o o o o o o o o o o o o o
license
o
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Fordenken. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
