Real estate sale associate pre license course exam prep (GOLD COAST HIGHLIGHTS)
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Course
Gold Coast Real Estate
Institution
Gold Coast Real Estate
Real estate sale associate pre license course exam prep (GOLD COAST HIGHLIGHTS)
Farming
licensee concentrate on one type or style of property or on one particular neighborhood
Farm area or target market
Finding and specializing in a particular neighborhood or type of property. Considered to...
real estate sale associate pre license course exam
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Real estate sale associate pre license course
exam prep (GOLD COAST HIGHLIGHTS)
Farming
licensee concentrate on one type or style of property or on one particular neighborhood
Farm area or target market
Finding and specializing in a particular neighborhood or type of property. Considered to be one of the
best ways to succeed in the real estate business
Tract building
When a developer acquires a large tract of land, records a subdivision plat map, and uses a model
center from which sales may be made
Local level
Government Regulation:
At the local level, planning and zoning, property taxation, building, and health codes and regulations,
and building moratoriums that affect development, play a significant role in the cost and desirability
of real estate
Purpose of the law
F.S. 475 to protect the public
Commission or FREC
Refers to the Florida real estate commission
Department or DBPR
Refers to the department of business and professional regulation
Division or DRE
Refers to the division of real estate
License
Means any permit, registration, certificate, or license issued by the department
Licensee
Refers to any person to whom a permit, registration, certificate or license is issued by the department
A BAR SALE
The most common services of real estate:
Appraising
Buying
Auctioning
Renting
Selling
,Advertising
Leasing
Exchanging
Sales associate
Must be employed by a real estate broker or owner developer to practice real estate
*must complete all pre license requirements to obtain their initial license as a sales associate
Broker
A person who performs services of real estate as an agent for another and receives compensation for
those services either directly or indirectly
A Sales Associate transitioning to a Broker
Must have been employed under one or more actively licensed brokers for at least 24 months
writhing the last 5 yrs before becoming eligible to take the state broker examination
Additional applicants who qualify to apply for a brokers license [F.A.C.61J2-2.027(1)(b)]
Actively licensed real estate sales associates from another STATE OR NATION who have been Licensed
for at least 24 months during the preceding 5 yrs
Broker Associate
Someone who is qualified to receive a broker license but chooses instead to be employed under the
direction, control and management of an actively licensed broker or owner developer.
In this capacity the broker acts as a sales associate NOT as a broker
Florida real estate license requirements
An applicant for a Florida real estate license requirements is NOT required to be a resident of the
state of Florida, or to be a citizen of the United States
Florida Mutual recognition
Florida has entered into "Contractual agreements" with 7 states that recognize the similarity in the
content of their mutual education and experience requirements for real estate licensing.
Form #1 DBPR RE 1
"Have you ever been convicted or found guilty of, or entered a plea of Nolo contendere (no contest)
or guilty to, regardless of adjudication, a crime in any jurisdiction, or are you currently under criminal
investigation?"
The question further defines which offenses are covered
For practical purposes, this question requires the disclosure of any criminal convictions, including
felony or misdemeanor convictions or pleas ( other than minor traffic offenses).
,DUI is not a minor traffic offense and must be disclosed
Application Denial
If an application to take state exam is denied, the applicant will be notified in writing.
The notification will identify the reasons for denial and advise the applicant they they have 21 days
from the date of receipt to request a formal hearing before an administrative law judge
Compensating broker or sales associate
Florida real estate license law requires a sales or broker associate to be employed as an agent of
either a broker or owner developer before performing real estate services for compensation.
They may NOT be directly compensated for real estate services by a member of the public.
Only their employing broker or owner developer
Employment by owner developer
The owner developer must register with the department but does not receive a real estate license
Post licensing course
All licensees, whether active or inactive, must satisfactorily complete a Commission prescribed post
licensing course before the first renewal expiration date, following initial licensure.
Sales associate first renewal
Sales associate must complete a 45 hour post license course.
Failure to complete this requirement will result in licensee being out of business and voided license
Continuing education
All licensees active or inactive, broker or sales assoc., must complete 14 hrs of commission approved
continuing education and pay a renewal fee during each license renewal period, excluding the first
renewal period of their current license.
If CE requirements are no met within the renewal deadline, the licensees license will be changed to
INVOLUNTARY INACTIVE
CE courses may be completed by classroom or distance learning(online)
Attorney-in-fact
Persons who are granted authority under a power of attorney to act for others in some capacity, such
as signing documents
Salaried employees
Of an owner, or of a registered broker for an owner, of an apartment community who work in an
onsite rental office of the apartment community in a leasing capacity
Powers of the "Department or DBPR"
The department does not have the authority to issue injunctions against unlicensed persons, but may
seek an injunction from the courts for failure to follow a department order.
The department also has the power to issue a cease and desist order against an unlicensed party for
violation of any rule or law under its administration
, Executive powers
Can be exercised by the chairperson acting alone or can be delegated by quorum vote to any other
commission member
Quasi judicial powers
Allow the commission to impose disciplinary action for violations of laws and rules. Similar to the
actions of a court of law.
The commission has the authority to deny an application, and to reprimand , fine, or place a licensee
on pro a Tiod, or suspend or revoke a license
A guilty licensee
May receive one of the following disciplinary actions
Issued a reprimand or admin. fine up to $5,000 per offense
Be placed on probation
Or Have their license suspended for up to ten years or permanently revoked
Subsequent renewal
14 hr CE
Failure to do so results in null and Void license
The licensee may not practice real estate while his or her license is involuntary inactive.
The license can remain in this statutes for up to two years
Voluntary inactive
Individual who had attained their license but does not wish to engage actively in real estate can
request a voluntary inactive.
May remain In this status indefinitely
Suspended brokers license
Suspended, revoked, or otherwise void or ineffective brokers license results in all persons license who
are employed under such broker to become automatically inactive
Cancelled licensed
If a licensee no longer wishes to practice real estate, they can return their license to the department.
The license would be...
Group license
A single real estate license that can be obtained if the sales associate or broker associate works for
one owner developer with affiliated organizations, which provides real estate services in different
geographic areas
Multiple licenses
A broker can be issued additional licenses in two or more capacities by requesting...
NOT available to sales associates or broker associates
*broker cannot own stock in any of the corporations
Examples of administrative agencies empowered by statutes
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