Ch. 3 License Law Administration Flashcards
The purpose of this chapter is to discuss in detail the FLorida Real Estate Commission and its composition and powers. The chapter also explains license requirements, including active and inactive status, license activation, and void and ineffective licenses.
Required to engage in real estate services. Sales associates achieve “this status” by finding and employer and registering with the DBPR.
Active license
A licensed ceases to exist, effective as of the date approved by the Commission, and does not involve disciplinary action.
Canceled
Canceled
A licensee cannot perform real estate services because certain events occur, such as when a broker changes business address.
Cease to be in force
Where a licensee receives letters and so forth through the US Postal Service.
Current mailing address
Executive
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A right granted a sales associate or broker associate to work various properties owned by affiliated entities under one owner developer.
Group license
Status of a license when it it inactive or has been suspended.
Ineffective
The license status that results when a license is not renewed at the end of the licensed period.
Involuntary inactive
The duties of the Division of Real Estate that involve record keeping.
Ministerial duties
Licenses held by a broker in two or more real estate brokerage firms.
Multiple licenses
The formal act of announcing a statute or an administrative rule. To publish and officially announce a new or amended rule or statute. The FREC may promulgate rules and regulations.
Promulgates
Powers delegated to the FREC to discipline real estate licensees for violations of real estate license law and FREC administrative rules.
Quasi-judicial
Powers delegated to the FREC to enact rules and regulations, decide questions of practice, and validate records (imprint the FREC seal).
Quasi-legislative
Invalid, without force, no longer effective.
Void
The license status that results when a licensee has met all the requirements for licensure, yet the licensee chooses not to engage in the real estate business, and has requested that the license be placed in this status.
Voluntary inactive