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
