Gold coast all chapter Final Exam
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Acts as an agent or intermediary be-
tween two or more people in the nego-
The Broker
tiation of the sale, purchase, or rental of
real estate
many licensees will concentrate on one
type or style of property or on one partic- Farming
ular neighborhood, a practice called
Finding and specializing in a particular
neighborhood or type of property is re- Farm area or Target market
ferred to as
Residential sales or rentals can provide new or experienced real estate profes-
a rewarding career for sionals
The overwhelming majority of real estate
involved in Residential brokerage
licensees are
The sale of any improved residential
property of four units or fewer, Unim-
According to [F.S. 475.278(5)(a)], a resi-
proved property intended for four units or
dential transaction is defined as
fewer, agricultural properties of ten acres
or less
The sale of any improved residential
four units or fewer
property of
unimproved property intended for four units or fewer
agricultural properties of ten acres or less
when a developer acquires a large tract
of land records a subdivision plat map,
Tract Building
and uses a model center from which
sales may be made
planning and zoning, property taxation,
building and health code regulations, are Local Level
controlled by local governments.
local bodies can impose a temporary de-
Moratorium
lay for a building project also known as a
Florida real estate license law, F.S 475,
Protect the public
is to
, Gold coast all chapter Final Exam
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if a leasing is longer than 12 months A realtor cannot do it
- Appraising
- Buying
- Auctioning
- Renting
"A BAR SALE"
- Selling
- Advertising
- Leasing
- Exchanging
someone who performs services of real
estate as an agent for another and re-
A Broker
ceives compensation for those services
directly or indirectly
sales associates and broker associates
Employing Broker
receive their compensation from their
A licensed sales associate who wishes
to apply to be a broker must have been At least 24 months within the preceding
employed under one or more actively li- five years before becoming eligible
censed brokers for
An applicant for a broker license may
choose to continue employment in a
sales associate capacity with a cur- Broker associate
rent employer subsequent to passing the
state broker examination
an applicant for a Florida real estate li-
Resident or citizen of the united states
cense is not required to be a
denied by the department, then the ap-
plicant will be notified in writing. The no-
tification will identify the reasons for de-
An application to take the state exam is nial and advise the applicant that they
denied when its have 21 days from the date of receipt
to request a formal hearing before an
administrative law judge in accordance
with the Administrative Procedure Act
when employed by and licensed under a
broker
, Gold coast all chapter Final Exam
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a sales associate or broker associate
acts as the brokers agent in performing
services of real estate
a sales associate or broker associate
one broker at a time
can only work for
Brokers are registered and licensed with the department
an individual or entity who is in the busi-
ness of buying, owning and/or develop- An Owner-Developer
ing real estate
with the department but does not receive
The Owner-Developer must register
a real estate license
A sales associate must complete a
45-hour post-license course prior to the
sales associate first renewal
expiration date of their initial license pe-
riod
The license of a sales associate who fails
void and the licensee will be out of busi-
to complete their sales associate first re-
ness
newal requirement will become
If the Continuing Education (CE) require-
The licensee's license status will be
ment is not met within the renewal dead-
changed into Involuntary Inactive
line
people who are granted authority under
a power of attorney to act to act for others
Attorneys-in-fact
in some capacity, such as signing docu-
ments
attorney individuals who are exempt
attorneys-in-fact are exempted
from licensure
salaried employees of an owner, or of
a registered broker for an owner, of an
an individual that are exempted from li-
apartment community who works in an
censure are
onsite rental office of the apartment com-
munity in a leasing capacity
up to $50 cash, personal property, or
A tenant in an apartment community may
credit toward rent for the referral of a new
receive
tenant for the same complex
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