Chapter 2 Flashcards
Anything longer than 12 Months
Leasing
Up to 12 months
Rental
A licensed sales associate who wishes to apply to be a broker must have been employed under one of more actively licensed broker for at least
24 months within the preceding 5 years
An applicant for a broker license may choose to continue employment in sales associate capacity with a current employer subsequent to passing the state broker exam
Broker associate
If a broker working under another broker or owner developer the broker associate acts as a
Sales associate
An applicant for the state of Florida real estate license is not required to be a resident of Florida or a citizen of the US. T/F
True
Answering background questions. Must you disclose if you have had a DUI?
Must be disclosed
Steps for an application denial
- Denied by department
- notified in writing
- 21 days
- Request a formal hearing
- Administrative law judge
What is the DPBR
Department of business and professional regulation
How many brokers can a real estate agent work for at a time
1
What must a real estate agent do when being employed by an owner-developer
Register with department
When does an agent not require a real estate license
When working with an owner-developer
How soon after a licensing must an agent renew their license for the first renewal
2 years, no grace period
What happens if an agent doesn’t complete the first renewal of their license within the given time frame
License will be void
If a CE requirement is not met within renewal deadline what will the licensee license status be
Involuntary inactive
What is another word for power of attorney
Attorneys in fact
How much money can a tenant in an apartment community receive for the referral of a new tenant
$50
Salaries employees of Individuals partnership or corporations who own real estate may perform real estate services on behalf of their employees who does so without a license will receive what
Referral fee not commission
