RE License Law & Qualifications For Licensure

Question 1

Adjudication withheld

Answer 1

a special sentence in which the judge orders probation but does not formally convict the defendant of a criminal offense. Florida Statute s. 948.01 vests Florida judges with the authority to withhold adjudication after the judge imposes a probation sentence.

Question 2

Broker

Answer 2

A broker is someone who is licensed to own their own real estate firm.

Question 3

Broker associate

Answer 3

a person who is qualified to be issued a license as a broker but who operates as a sales associate in the employ of another.

Question 4

Caveat emptor

Answer 4

the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made.

Question 5

Compensation

Answer 5

– Paid to a broker for services in connection with a real estate transaction (usually a percentage of the sales price).

Question 6

Continuing education (CE)

Answer 6

serves as a refresher and covers some of the most important topics that you learned in your pre-licensing courses.
( every 2 years )

Question 7

Expunge

Answer 7

expunging or sealing is the statutory process by which a person destroys or eliminates access to a criminal history record.

Question 8

Florida resident

Answer 8

a person who has had a principal place of domicile in this state for a period of more than 6 consecutive months, who has registered to vote in this state, who has made a statement of domicile pursuant to s. 222.17, or who has filed for homestead tax exemption on property in this state.

Question 9

Licensure/registration

Answer 9

Licensure and Registration are interchangeable, which grants the authority/ability to practice a profession on a state level. Being licensed in a profession is an indication that you have the minimum competencies required to perform tasks related to that profession.

Question 10

Mutual recognition

Answer 10

Real estate license reciprocity, sometimes known as ‘mutual recognition’ is an agreement between states that allows you to get a license in another state in most cases simply by taking the reciprocal state’s exam.

Question 11

Nolo contendere

Answer 11

Literally, Nolo contendere is for Latin for “I do not wish to contend.” In the American judicial system, this is most commonly known as entering a plea of “No Contest”.

Question 12

Post license education

Answer 12

It’s the state-mandated education requirements for new real estate sales agents or brokers. To keep your real estate license active, you need to complete post-licensing training before your first license renewal.

Question 13

Pre-license education

Answer 13

complete the 63 clock-hour Florida Pre-License Course. This course covers everything you need to become a Sales Associate and pass the licensing exam. Topics include: Foundations of the real estate business. Real estate regulations and statutes.

Question 14

Prima facie evidence

Answer 14

a legal term used to refer to evidence that is good and sufficient on its face to establish a given fact or prove a case; at first view.

Question 15

Real estate services

Answer 15

providing a service with respect to the purchase, sale, lease, rental, or appraisal of real property.

Question 16

Sales associate

Answer 16

is a person who performs any act specified in the definition of broker, but who performs such act under the direction, control, or management of a broker or owner/developer on a transactional basis.

Question 17

Seal

Answer 17

Attesting to something such as the validity of an instrument used in real estate.