Chapter 1 Real Estate License Law and Qualifications for Licensure Flashcards
1
Q
What is Florida Real Estate License Law
A
Chapter 475 Real Estate License Law: Part 1) Real Estate Brokerage Part 2) Appraisal Part 3) Commercial Sales Leasing Lein Rights Part 4) Commercial Leasing Lein Rights
2
Q
What are the 3 real estate license categories?
A
- Sales associate- is the introductory level: sales associates are employed by the work under the direction and control of a broker or and owner-developer
2, Broker license- require additional education, experience, and passing the broker license exam. - Broker associate- holds a broker’s license but chooses to register and work in a real estate under the direction of another broker.
3
Q
Owner developer
A
Owner developer- is an unlicensed entity that sells. exchanges, or leases its own property compensation based on actual sales (transactional basis).
Sales staff is exempt from licensure if paid strictly on salaried basis
